Reverse Mortgage

Reverse Mortgage Funding Introduced as Latest Member of Meals on Wheels America’s Momentum Circle

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Post-pandemic hunger and isolation program among homebound seniors

BLOOMFIELD, NJ / ACCESSWIRE / June 28, 2021 / Reverse Mortgage Funding LLC (RMF) is proud to announce its commitment to Meals on Wheels America’s newly formed Momentum Circle. As a donor, RMF will work to strengthen the Meals on Wheels network and provide financial support to help home seniors at risk of food insecurity and isolation. RMF is proud to work with Meals on Wheels America and other leading organizations to serve our nation’s vulnerable seniors.

Momentum Circle donors pledge an annual contribution that provides Meals on Wheels America with the infrastructure, innovative research, programming, and critical resources necessary to support the Meals on Wheels network.

“The elderly community is a vulnerable group of people and too many of them experience isolation and starvation,” said David Peskin, president of RMF. “RMF shares Meals on Wheels’ commitment to the local communities it serves. Our local credit specialists are active community leaders and volunteers looking to build long-term relationships. RMF is proud to partner with Meals on Wheels America to bring nutritious meals, human connections, and most importantly, a sense of community to seniors across the country. ”

Seniors who are housebound face serious food, housing and financial insecurity risks after the pandemic. As of November 2020, nearly 9 in 10 (86%) local Meals on Wheels programs said their communities still had unmet needs. What’s even more worrying is that 62% will not be able to support their current customers without increased financial support.

“Even before COVID-19 became a global threat, nearly 10 million seniors in America were starving, 8 million were living in isolation and more than 7 million had incomes below the poverty line,” said Kristine Templin, chief development officer at Meals on Wheels America. “Now is not the time to lose momentum, so we are grateful to Reverse Mortgage Funding for their commitment to helping us ensure that our older neighbors are always safe, cared for, and never feeling alone.”

For more information on Meals on Wheels America and their efforts to serve vulnerable seniors, please visit: www.mealsonwheelsamerica.org

ABOUT MEALS ON WHEELS AMERICA
Meals on Wheels America is the leading organization supporting the more than 5,000 community-based programs across the country dedicated to the isolation and hunger of the elderly. Serving virtually every community in America, this network, along with more than two million staff and volunteers, provides nutritious meals, friendly visits, and security checks that enable America’s seniors to lead nourished lives with independence and dignity. By providing funding, leadership, education, research, and advocacy, Meals on Wheels America empowers its local membership programs to empower their communities individually. For more information or to find a Meals on Wheels supplier near you, visit www.mealsonwheelsamerica.org.

About Reverse Mortgage Funding LLC
Reverse Mortgage Funding LLC (NMLS ID # 1019941), founded in 2012, is one of the largest GNMA reverse mortgage issuers in the country and a recognized thought leader in the industry. RMF is focused on the sourcing, purchasing, investing in, and management of reverse mortgage loans and securities backed by reverse mortgage loans. The company is headquartered in New Jersey, with offices in New York and California, and branch offices in the United States. RMF is a wholly owned subsidiary of Reverse Mortgage Investment Trust Inc. (RMIT), a specialist reverse mortgage finance company. In 2020, RMIT became part of Starwood Capital Group, a global private investment company and innovator in the no agency mortgage business that is helping lead the industry to the success it is today. This relationship will give RMF the unique ability to develop new product lines and forge strategic partnerships within the Starwood family of companies.

Media contact:
Tyler Bryant
Interdependence public relations
[email protected]

This material has not been reviewed, approved, or released by the HUD, FHA, or any government agency. The company is not affiliated with HUD / FHA or any other government agency, or acts on behalf of or on the direction of HUD / FHA.

© 2021 Reverse Mortgage Funding LLC, 1455 Broad Street, 2nd Floor, Bloomfield, NJ 07003, 1-888-494-0882. Company NMLS ID: # 1019941. License information can be found at: www.nmlsconsumeraccess.org. Arizona Mortgage Banker License # 0927682; Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; Loans made or arranged under a California Finance Act license; Georgia Mortgage Lender Licensee # 36793; Massachusetts Mortgage Lender License # ML1019941; Licensed by the New Jersey Department of Banking & Insurance; Licensed Mortgage Lender – NYS Department of Financial Services – State Office 700 Corporate Blvd, Newburgh, NY 12550; Rhode Island Licensed Lender. For California Consumers: For information about our privacy practices, please visit https://www.reversefunding.com/privacy. Not all products and options are available in all states. Conditions are subject to change without notice. Certain terms and fees apply. This is not a loan approval. All loans require approval. L3872-Exp062022
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SOURCE: Reverse Mortgage Funding, LLC

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