AAG Looks To Change HECM Approach
AAG is one of the leaders in the reverse mortgage industry and has gone through a number of changes over the course of 2018. In a recent interview with Reverse Mortgage Daily, AAG CEO Reza Jahangiri shares even more information on the company's plans to approach Home Equity Conversion Mortgages in a different manner.
"With home equity being as prominent as it is in terms of an asset for seniors, we’re way under-penetrated in the market and that is where we have to change the discussion from just reverse mortgages to, in general, how can we best use home equity to get a better retirement outcome?" said Jahangiri, when asked what AAG's growth strategy will be moving forward.
"And for us, the growth strategy is changing the discussion and becoming a product-agnostic business in which we can market and sell that way — and have the capability to deliver on those products to make sure we’re delivering the best service, supporting seniors in a very educational, responsible, and sustainable manner in terms of how they tap into their home equity."
Without revealing an actual plan of action, Jahangiri does promise to look at the way the company's business is structured and ensure that it is benefitting customers to the best of its ability.
For more from RMD's interview with Jahangiri, click on the image above.