American Advisors Group Obtains Full Eagle, Enters New Phase of Growth

IRVINE, Calif., March 30 /PRNewswire/ -- American Advisors Group, a leading reverse mortgage provider, announced the activation of a 10MM warehouse facility specifically for the funding of Reverse Mortgages (HECM). The new funding line and "full eagle" allows AAG to fulfill its objective of transitioning to a Mortgage Banker as well as begin its next phase of growth.

"The capacity this line provides allows us to move our production onto our newly established banking platform. It also gives us the control and flexibility to provide an even higher level of customer service," said Reza Jahangiri, CEO of AAG.

AAG has also enjoyed significant growth internally and will now begin further expansion of its centralized retail operation. Additionally, American Advisors Group has recently added more states to its already broad national licensing platform, operating in 35 states covering more than 85% of the U.S. senior population.

"American Advisors Group has worked extremely hard to ensure we get ahead of the licensing and compliance curve and to implement the necessary infrastructure to not only survive during this difficult period but to sustain substantial growth in the coming months and years," Jahangiri added.

Learn More

Links to several senior resources for reverse mortgage information can be found at AAG's website www.AAGreverse.com, where you can also request a FREE reverse mortgage DVD. For seniors and their caregivers interested in finding out more about reverse mortgages there are respected senior and government organizations: AARP, HUD, National Counsel of Aging, National Reverse Mortgage Lenders Associations.

About American Advisors Group

The company is a leader in the reverse mortgage industry, setting as its prime mission to attain the highest level of customer satisfaction and to help seniors improve their lives. The drive for innovation and excellence, as well as the commitment to quality customer service, has led AAG to be among the top reverse mortgage originators in the country.

SOURCE American Advisors Group