Fairway Mortgage Named to CNBC, Money.com, and CNN Best Reverse Mortgage Lenders Lists
MADISON, WI, August 9, 2024 / -- Fairway Independent Mortgage Corporation, named #1 for customer satisfaction among mortgage origination companies in the J.D. Power 2023 U.S. Mortgage Origination Satisfaction Study, announced today that Fairway has been named Best Reverse Mortgage Lender by CNN, as well as named on CNBC’s Best Reverse Mortgage Lenders list, and Money.com’s 2024 Best Reverse Mortgage Companies.
Fairway Independent Mortgage Corporation has been recognized by CNBC, Money.com, and CNN as one of the top reverse mortgage lenders in the industry. CNBC awarded Fairway the title of Best Reverse Mortgage Lender for Speedy Closings, while Money.com emphasized its product offerings, customer reviews, and online presence, naming Fairway the Best Reverse Mortgage Lender for Homebuyers. CNN also recognized Fairway as the Best Reverse Mortgage Lender, commending its strong customer service and wide range of reverse mortgage options.
This blend of quick closings and exceptional service for homebuyers positions Fairway as a leading choice for a Home Equity Conversion Mortgage (HECM) for Purchase loan, which can help those aged 62 and over enhance their purchasing power or retain more cash when selling their homes.
Dan Ventura, President of Fairway’s Reverse group, highlighted the efficiency of the company’s HECM originations, noting: "One of Fairway's Core Values is ‘Speed To Respond,’ and our Operations teams take pride in their ability to close loans quicker and smoother than anyone else in the industry. In a purchase scenario, timing is of the essence, and we strive to guarantee a fast, customer-focused experience.”
Building on its recognized speed and efficiency in the mortgage industry, Fairway is launching its “15-Day Close” initiative* for HECM loans. Having established a reputation for closing loans faster than the competition, this new program aims to set even higher standards for customer satisfaction.
Laya Tate, SVP of Reverse Underwriting at Fairway, noted: "Historically, we have closed loans in 17 days or less. Now we are gearing up to close loans even faster through being ‘effectively efficient’ throughout the process, from origination through closing. By further streamlining processes and maintaining clear communication with clients, Fairway is committed to delivering an unparalleled reverse mortgage experience – in less time.”
About Fairway Independent Mortgage Corp.
Madison, WI- and Carrollton, TX-based Fairway Independent Mortgage Corporation (NMLS #2289) is a full-service mortgage lender with branches in all 50 states. Fairway is the #2 overall retail lender in the U.S.