= Members Only Content
NEWS RELEASE
Jan. 7, 2010
ABA Media Contact: John Hall
(202) 663-5473
E-mail: jhall@aba.com
ABA OFFERS REVERSE MORTGAGE PROGRAM WITH METLIFE HOME LOANS
WASHINGTON – The American Bankers Association will offer its member banks a reverse mortgage program through MetLife Home Loans, a division of MetLife Bank, N.A.
Under the program, MetLife Home Loans will provide ABA member banks a streamlined broker/correspondent approval and on-boarding process, access to proprietary MetLife research and educational materials about and for the mature market, complete product education, and dedicated account management.
After a thorough review process, MetLife was selected to be the exclusive provider of reverse mortgage programs by ABA Total Business Solutions, a subsidiary of the American Bankers Association.
"We’re pleased to add MetLife Home Loans as a business partner,” said Deborah Whiteside, senior vice president of mortgage for ABA Total Business Solutions. “MetLife Home Loans will provide our member banks with both strong products and dedicated support in the reverse mortgage arena."
“We are excited to be working with the ABA and their member banks,” said Michael Mooney, wholesale and correspondent sales director for MetLife Home Loans. “We are confident that this relationship will help to provide even more senior Americans with knowledge about, and access to, an important product that many of their peers have found so helpful in funding a secure retirement.”
About American Bankers Association
The American Bankers Association brings together banks of all sizes and charters into one association. ABA works to enhance the competitiveness of the nation's banking industry and strengthen America’s economy and communities. Its members – the majority of which are banks with less than $125 million in assets – represent over 95 percent of the industry’s $13.5 trillion in assets and employ over 2 million men and women.
About MetLife Home Loans
MetLife Home Loans is a division of MetLife Bank, N.A., a federally chartered bank offering a wide array of banking products and services, including high-yield savings, certificates of deposit, money market accounts, individual retirement accounts and residential mortgages. MetLife Bank is a wholly-owned subsidiary of MetLife, Inc. (NYSE: MET), a leading provider of insurance and financial services with operations throughout the U.S. and the Latin America, Europe and Asia Pacific regions. All loans subject to approval. Certain conditions and fees apply. Mortgage financing provided by MetLife Home Loans, a division of MetLife Bank, N.A. Equal Housing Lender
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