By the Division of Banks
The following reverse mortgage programs and lenders are approved and currently ACTIVE in the Commonwealth.
- Continental Home Loans, Inc. - Approved to Offer HECM
- Evolve Bank and Trust - Approved to offer HECM in conjunction with Generation Mortgage Company.
- Gateway Funding Diversified Mortgage Services- Approved to offer HECM
- Generation Mortgage Company - Approved to offer HECM
- GMAC Mortgage Corporation - Approved to offer HECM
- Guaranteed Home Mortgage Company, Inc.-Approved to offer HECM in conjunction with Generation Mortgage Company
- Hanscom Federal Credit Union - Approved to offer HECM in conjunction with Members Trust Company, FSB
- Homeowners Options for Massachusetts Elders HOME program
- James B. Nutter & Company - Approved to offer HECM
- Lenox Financial Mortgage Corporation d/b/a Weslend Financial - Approved to offer HECM in conjunction with Urban Financial Group, Inc.
- Liberty Home Equity Solutions, Inc., formerly known as Genworth Financial Home Equity Access, Inc. - approved to offer HECM
- Live Well Financial, Inc. - Approved to offer HECM
- Members Trust Company, FSB - Approved to offer HECM though credit unions approved by the Division
- One Reverse Mortgage, LLC - Approved to offer HECM
- Plaza Home Mortgage, Inc. - Approved to offer HECM in conjunction with Generation Mortgage Company
- Ross Mortgage Company - Approved to offer HECM in conjunction with J.B. Nutter Company
- Salem Five Mortgage Company, LLC - Approved to offer HECM in conjunction with Generation Mortgage Company
- Southbridge Savings Bank - Approved to offer HECM in conjunction with Susquehanna Bank (f/ka Greystone Mortgage a division of Graystone Tower bank; f/k/a American Home Bank Reverse, a division of First National Bank of Chester County)
- Salem Five Mortgage Company, LLC, a wholly-owned subsidiary of the Salem Five Cents Savings Bank - Approved to offer HECM in conjunction with Genworth
- Susquehanna Bank (f/k/a Graystone Mortgage, a division of Graystone Tower Bank) - Approved to offer HECM
- Urban Financial Group, Inc. - Approved to offer HECM
- US Mortgage Corporation d/b/a US Mortgage Group - Approved to offer HECM
The following reverse mortgage programs and lenders were previously approved and are currently INACTIVE, they are not authorized to act as a reverse mortgage lender in the Commonwealth. However, some of the entities and institutions may be acting as broker for an approved reverse mortgage lender. If you have any additional questions, please contact the Division's consumer assistance unit at 617-956-1501;
- Allied Home Mortgage Corporation - Ceased originating reverse mortgage loans on January 11, 2012
- Bank of America, N.A. - Ceased originating reverse mortgage loans on April 29, 2011
- Belmont Savings Bank - Ceased originating reverse mortgage loans on April 1, 2011
- Bridgewater Savings Bank - Ceased originating reverse mortgage loans on June 28, 2011
- Eastern Bank - Ceased originating reverse mortgage loans in May 2012
- Financial Freedom Senior Funding Corporation - Ceased originating reverse mortgage loans on April 1, 2011
- First Mariner Bank d/b/a Next Generation Financial Services - Ceased originating reverse mortgage loans on April 1, 2011
- Merrimack Mortgage Company, Inc. - Ceased originating reverse mortgage loans on April 1, 2011
- Metlife Home Loans, a Division of Metlife Bank, N.A. ceased originating reverse mortgage loans in May 2012
- The Cape Cod Five Cents Savings Bank - cease originating reverse mortgage loans on April 1, 2011
- The Savings Bank - Ceased originating reverse mortgage loans on April 1, 2011
- Union Trust Mortgage Corporation - Ceased originating reverse mortgage loans on April 1, 2011
- Village Capital & Investment, LLC d/b/a Village Home Loan - Cease originating reverse mortgage loans on January 1, 2012
- Wells Fargo Home Mortgage- Ceased originating reverse mortgage loans on June 16, 2011.
Reverse Mortgage Loans: What Borrowers Need to Know