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Contact Info

Fact Sheet

BUSINESS NAME

LoanWell Financial Corporation

CORPORATE OVERVIEW

A multi-state licensed reverse mortgage lender.

COMPANY HISTORY (year biz started, what type of biz – inc., llc)

Founded in January 2006 by Michael Banner (President) and Richard Singer (VP), who have a total of 50 years of mortgage experience.

PRODUCT / SERVICE OVERVIEW

Full mortgage banking company, an FHA DE (Direct Endorsement), offering reverse mortgages. Reverse mortgages allows seniors (ages 62 and up) to take equity from their home at a highly competitive rate without any payment structure until the seniors leave their home permanently.

CERTIFICATIONS and AFFILIATIONS

  • FHA DE (Direct Endorsement) -  approved to do business with the largest mortgage wholesalers in the US
  • Member of the FL Mortgage Bankers Assoc Association
  • Member of the FL Mortgage Brokers Association
  • Member of the NJ Mortgage Bankers
  • An accredited CE instructor with the Florida Financial Planning Association
  • Soon to be an accredited CE instructor with the Florida Insurance Association

DISTINCTIONS

  • Currently the 3rd largest non-bank owned reverse mortgage company in Florida and on track to be the largest by the end of March, 2008
  • National Reverse Mortgage Lenders Association (NRMLA ) recognition as one of the largest lenders that is not tied to banks

# OF EMPLOYEES

40 full time and growing

HEADQUARTERS ADDRESS

13700 58th St North, Suite 205, Clearwater, FL 33760

OTHER COMPANY LOCATIONS

  • Hollywood, FL
  • Ocean, NJ

COMPANY CONTACT NAME

Michael Banner, President

MEDIA CONTACT

Margie Zable Fisher, margie@zfpr.com, (561) 417-0006

WEB SITE

www.loanwellrm.com

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