Reverse Mortgage Broker Partners With Credit Union Network

Gateway Financial, a reverse mortgage broker, has been selected by Prime Alliance Solutions as its provider of reverse mortgage solutions for Prime Alliance Solutions credit union customers. Prime Alliance Solutions' network includes more than 1,600 credit unions with more than 3,500 branches. As part of the agreement, Golden Gateway Financial will offer a white-label solution for Prime Alliance's network of credit unions, including a Web interface, reverse mortgage comparison tools, and member sales and support. In return, Prime Alliance Solutions will market and distribute Golden Gateway Financial's reverse mortgage offering exclusively to its network of credit unions. The first customer of this new partnership is Boeing Employees' Credit Union (BECU), Washington state's largest credit union and the nation's fourth largest, with more than 600,000 members and assets in excess of $8.7 billion. ‘We were searching for a seamless reverse mortgage product that provided the same high-level experience our members have come to expect,’ says Tom Berquist of BECU. ‘Now, we are better equipped to meet the needs of our members by offering additional value across a wide range of superior financial products.’ Golden Gateway Financial will deliver educational and marketing materials to help BECU begin a dialogue with its membership about the benefits of a reverse mortgage. ‘Now more than ever, Americans are turning to community lenders in order to work with those they know and trust,’ adds Eric Bachman, founder and CEO of Golden Gateway Financial. SOURCE: Golden Gateway Fi


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