When it comes to meeting the diverse financial needs of our clients, Mutual of Omaha Mortgage truly stands out,” said Alex Pistone, president of the company’s reverse division. “We are excited to introduce SecureEquity, a product that not only showcases our dedication to our clients but also upholds Mutual of Omaha’s longstanding legacy of trust, spanning over 116 years.
SecureEquity is designed to provide a seamless experience for our clients, from the initial origination process to ongoing servicing,” Pistone added.
The product’s terms are similar to those of the Federal Housing Administration’s Home Equity Conversion Mortgage (HECM) loan. Borrowers must continue to reside in their home as their primary residence and keep up with property taxes, homeowners insurance, HOA fees, and maintenance costs to maintain the loan’s good standing.
After an initial consultation, borrowers can move forward with the application and qualification process. A home appraisal is required to determine the final loan amount, which may exceed FHA limits. Once the loan is closed and funded, monthly payments are not necessary.
HousingWire’s Reverse Mortgage Daily (RMD) attempted to contact representatives from Mutual of Omaha Mortgage for comments but did not receive a response.
In October 2024, the company introduced a broker protection program aimed at providing company-approved brokers and principal agents with five core protections.
These protections include a commitment from the lender not to solicit borrowers already established within the broker network and to exclude them from outbound marketing campaigns.
In 2024, Mutual of Omaha Mortgage emerged as the leading HECM lender in the country on a per-unit basis. The company secured 6,224 HECM endorsements in the 12-month period ending in February 2025, as reported by Reverse Market Insight (RMI).