Omaha mortgage synergy one lending inc update#

In terms of how well reverse mortgage products fit into the larger landscape of Mutual of Omaha Insurance, Pistone says that the fit is a more natural one than someone might think. We believe the role of the reverse mortgage in retirement will be even more important and mainstream in the future, which will help millions of homeowners.”īecause of that understanding, Mutual of Omaha plans to take a leadership role in the industry by investing in serving senior customers in a meaningful way, he says.

“We have a deep understanding of this customer and the challenges that they face. “The Mutual of Omaha Insurance Company has a special focus on the needs of older Americans,” he says. As part of the acquisition, the ownership of Synergy One Lending shifted to Mutual of Omaha Insurance Co.ĭespite the change in name and ownership, the dedication to the senior customer on the part of the Mutual of Omaha insurance company is very apparent in the priorities of the company, Pistone tells RMD. That merger, however would not include mortgage arm Synergy One Lending, under which the former RFS operated. It was in the middle of 2019 when it was announced that Mutual of Omaha Bank would be acquired by Pasadena, Calif.-based CIT Bank in a deal valued at $1 billion.

Omaha mortgage synergy one lending inc update#

To get an idea of what current operations are looking like after the rebranding, RMD reached out to Mutual of Omaha President Alex Pistone, who provides an update on what the company landscape is looking like in 2020. Now that we’re well into the year 2020, Mutual of Omaha Mortgage is better equipped to communicate with customers the unified brand identity, since the Mutual of Omaha name is well-recognized in the lending space. Learn more about Radian's financial strength and flexibility at visit see how Radian is shaping the future of mortgage and real estate services.Late last year, reverse mortgage lender Retirement Funding Solutions (RFS) – a subsidiary of Mutual of Omaha Insurance-owned Synergy One Lending – announced that it would be changing its name to Mutual of Omaha Mortgage to reflect its association with its parent company, and signified an effort on Mutual of Omaha’s part to align its reverse mortgage business more closely under a unified brand identity. We are powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk. (NYSE: RDN) is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, and title and settlement services. For more information on Synergy One Lending, visit About Radian

Synergy One Lending also does business as Mutual of Omaha Mortgage. The Firm is strategically built to support and grow both distributed retail and consumer direct channels, while operating under the brand Retirement Funding Solutions for its reverse mortgage lending activities. This in turn allows Radian customers to provide cost-effective service to borrowers refinancing their mortgages,' said Brien McMahon, Radian's chief franchise officer.Ī wholly owned subsidiary of Mutual of Omaha Bank, Synergy One Lending is an agency approved Seller/Servicer, licensed to conduct mortgage origination activities in 48 states. 'Radian's centralized title model is focused entirely on lenders and is more transparent and easier to navigate than a traditional refinance. 'The centralized service Radian offers allows us to provide our customers with a simple and clear process that saves them money.' 'We're excited to work with Radian to improve the refinancing experience for our customers,' said Steve Majerus, president of Synergy One Lending. 1, 2019 /PRNewswire/ - Synergy One Lending, a wholly owned subsidiary of Mutual of Omaha Bank, will utilize the Radian Group Inc.'s (NYSE: RDN) centralized title service to provide greater savings to customers who are refinancing their mortgages, the companies announced.