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Sponsored Content: Platinum Just Got Better–Expanded Eligibility, Full LOC Access, Better Pricing

Sponsored Content: Platinum Just Got Better–Expanded Eligibility, Full LOC Access, Better Pricing

Platinum by Longbridge is our proprietary reverse mortgage suite carefully designed for your borrowers who need more flexibility than HECMs can offer. As Platinum continues to evolve, these latest enhancements give you even more to work with.

A wider credit box means more of your pipeline can now qualify. And for borrowers choosing a line of credit,1 they can now draw up to 100% of their available LOC. This puts the full power of their home equity to work when they need it most. The cherry on top: we’ve recently improved pricing!

Platinum is built to grow with the market — and your business — delivering the flexibility and scale you need to serve more clients. In addition to these updates, Platinum continues to offer:

  • Loan amounts up to $4 million2 with eligibility starting at age 553
  • No MIP
  • Equity preservation options with Platinum Preserve®
  • Dedicated partner support and streamlined process
  • Borrower Certified Income (stated income) for borrowers with 720 + FICO4

With expanded eligibility and greater access to equity, Platinum helps you reach more borrowers and deliver more tailored solutions.

More clients qualify. More equity is accessible. More opportunities for you to close.

Learn More 

1 LOC option available only for adjustable-rate mortgages.

2 MA has a max loan amount/lending limit of $2,000,000.

3 Available to borrowers aged 55 in select states only. Higher min. age requirements may apply.

4 Primary borrower mid FICO must be 720 or greater, co- borrower must be 660 or greater. Any income submitted with the file force full underwrite and disqualify loan for borrower certified income program.

Platinum Preserve® is an option available in certain states which, if chosen, allows borrowers to preserve a percentage of the property’s equity, under certain circumstances, at the loan’s conclusion. Subject to terms and conditions of the Platinum Preserve® program. Please contact Longbridge Financial LLC for more details.

Longbridge Financial, LLC (NMLS # 957935). For licensing info, go to: nmlsconsumeraccess.org. Licensed Mortgage Banker-NYS Dept. of Financial Services. Equal Housing Lender. Not for consumers.

 

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.