Nationwide Equities debuts ReverseReach tool for mortgage broker lead generation help

Nationwide Equities Corp. has launched ReverseReach, a new tool and support program aimed at helping mortgage brokers and loan officers uncover reverse mortgage opportunities in their existing customer databases and referral networks, the company announced Tuesday. The New Jersey-based wholesale reverse mortgage lender said ReverseReach is designed for originators who may not specialize in reverse products but have years of past customers who are now older, equity rich and potential candidates for reverse mortgages. “Mortgage brokers may be sitting on substantial untapped business opportunities without even realizing it,” Paul Lamparillo, CEO of Nationwide Equities, said in a statement. “Over the years, brokers have built relationships with thousands of homeowners, many of whom may now qualify for reverse mortgage products. “We created ReverseReach to make uncovering those highly lucrative opportunities simple, efficient and accessible — even for brokers who have never closed a reverse mortgage before — so they can confidently and comfortably begin originating them.” The company has largely pivoted to proprietary reverse mortgage production, mirroring recent changes in the broader ...