SAN DIEGO–(BUSINESS WIRE)–Retirement Funding Solutions, a division of Mutual of Omaha Bank
subsidiary Synergy One Lending, Inc., and 55places.com have reached a
definitive agreement to form 55places Mortgage, a joint venture
aimed at providing financing options to homebuyers aged 55 and over,
Synergy One President Torrey Larsen announced.
55places.com is the largest home search firm focused on 55+ communities
nationwide, providing homebuyers with meaningful neighborhood and
community information so they can make an informed decision about where
they want to purchase their retirement home. 55places Mortgage
will provide valuable financing options to these homebuyers, including
traditional and reverse mortgage (HECM for Purchase) financing.
“55places Mortgage will offer a simple solution to a complex
transaction for today’s retirees who are looking to purchase a home in a
55+ community,” Larsen said. “Many of these homebuyers are looking for
home financing options through an educational process with a lender they
can trust. 55places Mortgage has been formed to serve that role
and will take a holistic approach to the homebuyer’s individual needs.”
The terms of the agreement were not disclosed.
“The two companies share a passion for the customer,” said Alex Pistone,
President of Retirement Funding Solutions, the reverse mortgage division
of Synergy One Lending.
“55places has built an impressive team and we are a strong cultural fit
– with both firms committed to a relentless drive towards an exceptional
customer experience through the combination of talent, technology and
digital marketing expertise. We are excited by the potential this
transaction offers to expand and serve more Boomer homebuyers in the
traditional and reverse mortgage markets,” Pistone said.
“Synergy One Lending places high value on the client experience, which
aligns closely with the 55places.com culture and commitment to honesty,
fair dealing and superior customer service,” said Bill Ness, CEO and
Founder of 55places.com. “Education for our customer base is critical,
and no one has done a better job with the HECM for Purchase product than
RFS/Synergy One. I’m confident this will be an excellent fit for our
customers and agents.”
About Retirement Funding Solutions
Retirement Funding Solutions is a division of Synergy One Lending, Inc.,
a wholly owned subsidiary of Mutual of Omaha Bank that is an agency
approved Seller/Servicer, licensed to conduct mortgage origination
activities in 46 states. Synergy One Lending is strategically built to
support and grow both retail and wholesale business channels, while
operating under the brand Retirement Funding Solutions for its reverse
mortgage lending activities. Synergy One Lending also does business as
Mutual of Omaha Mortgage. For more information on Synergy One Lending,
visit www.s1lending.com.
About 55places.com
55places is the number one resource for active adult communities in the
United States. The website offers unbiased information, such as current
home sale listings, photos, floorplans, descriptions, and third-party
reviews for more than 2,000 age-restricted and active lifestyle
communities across the country. 55places and its team of real estate
agents are licensed experts equipped to help prospective residents find
an ideal home in their dream community. For more information, visit www.55places.com.
Contacts
Mutual of Omaha Bank
Jim Nolan (402) 351-2944
[email protected]
Mutual of Omaha Mortgage
Alex Pistone (619) 794-1901
[email protected]
