![]() “We are excited by the potential this transaction offers to expand and serve more customers in the traditional and reverse mortgage markets. “BBMC has built an impressive team and we are a strong cultural fit – with both firms committed to a relentless drive toward an exceptional customer experience through the combination of talent, technology and digital marketing expertise,” Connealy said. The company has a variety of loan products on offer, from those insured by government organizations such as Veteran Affairs, Federal Housing Administration, and US. We are dedicated to helping the locals get access to affordable loans to help them purchase their new home. Synergy One Lending is national mortgage lender offering a combination of digital mortgage technology and the expertise of the company’s team. In addition to acquiring select assets and leases, Synergy One expects to bring on a majority of BBMC’s employees. Synergy One Lending is a mortgage company in Greenwood Village, Colorado. If you’re aged 60, you can borrow about 15-20 of the value of your home. The older you are, the more you can borrow. The loan can be taken in one big lump sum, a regular income, or a line of credit. “The market right now is rife for disruption.” Reverse mortgages are a credit product that allow you to borrow using the equity in your home as security. Placing our teammates at the center of our strategy. “Mutual of Omaha Bank sees an opportunity to extend its brand, extend its capital resources and grow both the overall market as well as our company’s market share,” Larsen said. O ering best-in-class digital mortgage technology to streamline the process. When news of Mutual of Omaha’s acquisition of Synergy One hit, Synergy’s co-founder and President Torrey Larsen told HousingWire that with the backing of a consumer-recognized brand, Synergy intends to expand its reach. “It is unusual for market timing, talent and strategic direction to align in such a compelling manner and we’re excited by the possibilities that lie ahead.”īBMC Mortgage is a division of Bridgeview Bank and offers both traditional lending products and reverse mortgages. Company is division of Synergy One Lending November 11, 2019, 2:27 pm By Ben Lane One of the top reverse mortgage companies in the nation is about to carry a new name. “The impact of combining these organizations is impressive,” Synergy One CEO Terry Connealy said. Synergy One is set to acquire certain assets of Illinois-based BBMC Mortgage, significantly expanding its footprint in the Midwest. CORPORATE Hours of Operation: 8am to 5pm PT Phone Number: (888) 995-1256 Fax Number: (619) 354-4168 Email:. 6 on the Top 100 HECM Lenders list – has announced its first acquisition under new management. Now, the California-based lender – which is currently No. The news was not only huge for Synergy One, which originates both traditional and reverse mortgage loans, it was considered a major coup for the reverse mortgage industry, as lenders in the space have been working for years to recapture the interest of big banks. Liberty Reverse Mortgage (Liberty) is one of the nations largest and most experienced lenders of Home Equity Conversion Mortgages (HECM), also known as. In July, the lender was acquired by Mutual of Omaha Bank. It’s been a big year for Synergy One Lending.
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