Edd B.
Posted
Everything was fine.
Everything was fine.
Response from Finance of America Reverse· May 27, 2022
Hi Edd, We appreciate your feedback and are so happy to hear that your experience was fantastic!

Great
621 reviews
NMLS ID #2285 (www.nmlsconsumeraccess.org)• BBB A+ rating & preferred partner of the Financial Planning Association• Industry's only concierge team to work one on one with borrowers' post funding to ensure positive long-term outcomes • FAR retains servicing of loans and has commitment to borrower for life• Proprietary product HomeSafe® - lending limits up to $4m• One of the oldest reverse companies• Offers additional income stream - homesharing through Silvernest
Finance of America Reverse (fareverse.com) has 621 customer reviews on Consumer Courier, with an average rating of 4.1 out of 5.
621 approved reviews, newest moderated first
Edd B.
Posted
Everything was fine.
Response from Finance of America Reverse· May 27, 2022
Hi Edd, We appreciate your feedback and are so happy to hear that your experience was fantastic!
TR
Posted
Absolutely HORRIBLE this time. Last time was find. Do not use Taylor Williams in Indianapolis for anything…
Response from Finance of America Reverse· May 27, 2022
Thank you for taking the time to review our services, Tim. I am sorry to hear that your experience was less than desirable and that we were not able to meet your needs. We take pride in providing a professional service and would like to ensure this is reflected in all our interactions with customers. If there are any specific details about your application or the process you would like us to investigate, please let me know so that we can make sure these issues do not happen again.
William
Posted
After the first appraisal, which we knew was low, HUD requested a second appraisal hoping that the value of the house had gone down. It went up by $100K so they stuck with the first appraisal. This added approximately 4-5 weeks to the process, which is my only complaint. The loan officer kept me in the loop the entire time and was easy to work with.
Response from Finance of America Reverse· May 27, 2022
Hi William, Unfortunately, the appraiser is an independent nonaffiliated third party. They do not work for us and due to compliance regulations we do not communicate with them or contract them ourselves. We are not allowed to communicate with them directly, only through another third party so we have no influence on their results. They are certified to inspect and evaluate your property in adherence with FHA guides. I'm delighted to hear that your loan officer was able to assist you and keep you informed throughout the process.
Neil
Posted
The entire process went smoothly. Our processor, Dana Leigh, was phenomenal! We had a referral to Finance of America Reverse from a close friend and we are glad we took their advice.
Response from Finance of America Reverse· May 26, 2022
Hi Neil, Thank you for the review! We are delighted to hear that you felt supported by Dana throughout your journey with FAR. We strive to ensure our customers have all information necessary to make the best decisions toward their financial goals. Please reach out if there is anything we can do for you in the future.
R.K.O
Posted
If you go with this company carefully watch the fees. They will add or change. They are probably thinking that seniors are too senile to understand the documents. If you go with this company you certainly will need an attorney. I would never recommend this company to any of my friends or family. The loan servicing department is a disaster. When your insurance company sends you a check for a claim it must be signed and be sent to their servicing department called CeLink. They will have you wait weeks to disperse the funds even though you have repaired and paid your contractor. Numerous hours and phone calls and each representative will tell you something different. Even the forms they send you to submit your documents has an incorrect return email address . As a senior this is not only stress producing but something you should not have to go through at this point in your life. Again if you go with this company I hope you have a friend that’s an attorney because you will need one eventually. Not sure why the positive reviews has not been my experience At this point I wish I sold my home or even claimed bankruptcy than dealing with finance of America. Avoid and go to another company. The reality is they don’t care. Look at the other reviews. If you want your life to become complicated and frustrated then go ahead and go with this company. I do not believe any of the positive reviews. Wonder who they’re paying to write them. Update: we have reached out to Finance of America numerous times with resolution for their poor customer service . Futile. That is why review was posted to inform other potential clients. READ OTHER REVIEWS!
Response from Finance of America Reverse· May 20, 2022
Hi there, We are not able to discuss loan information in a public forum. Our goal is to provide the best experience, and we’re sorry we failed to meet your expectations. Please reach out to [email protected] with your customer information so we can help resolve the issues.
Barry B.
Posted
To say I was unhappy is an understatement. This reverse mortgage took months, from Oct. to Mar. Always excuses, always my fault, (didn't send correct paperwork) They are not on your side, they are on the side to make themselves money. HUD requested 2 appraisals, but one appraisal was much higher and they look the lower appraisal, even after I showed them they had made mistakes, they said there was nothing they could do. Which you will see in their replies, always not their fault. I would NEVER use them again and only ask you read the many bad reviews. I even asked them about the bad reviews and they had more excuses. I wish I would have not used them, nothing was worth what I went through.
Response from Finance of America Reverse· Mar 28, 2022
Hi Barry, I'm sorry to hear that your experience with FAR was less than optimal. I understand how frustrating it can be when closing is postponed due to other issues that need to be resolved first. I was happy to find that your loan officer, Russell, explained thoroughly what was going on at each hurdle to help set expectations as customer service is our top priority. Unfortunately, the appraiser is an independent nonaffiliated third party. They do not work for us and due to compliance regulations we do not communicate with them or contract them ourselves. We are not allowed to communicate with them directly, only through another third party so we have no influence on their results. They are certified to inspect and evaluate your property in adherence with FHA guides.
tdc
Posted
Completely ignorant of the HUD rules! No ability to explore any creative solutions for anything - basically a checklist automaton.
Response from Finance of America Reverse· Mar 2, 2022
Hi Tom, Thank you for taking the time to leave a review about your experience. We regret that your experience with FAR was less than optimal. We appreciate the feedback and would like the opportunity to better understand what happened in this instance. We are researching the situation and someone from our borrower care team will be contacting you directly to help remediate the situation.
Dick Donna C.
Posted
I was dealing with Robert Commerford he took a lot of info including me and my wife's S.S. numbers. This is after he told me everything looked OK. I waited and waited for a call back and finally he called and said it would't work at this time no reason just would't work. Why would he take personal information after he told me everything look'd good. Very poor business practice.
Response from Finance of America Reverse· Jan 26, 2022
Hi Dick and Donna, Thank you for bringing this to our attention. I spoke with Robert and it seems that unfortunately, there was not enough benefit to refi. We appreciate you taking the time to leave a review and will use this as a learning experience to train and implement new processes. If you still require additional information, please call us at 866-615-1257 and we'll be able to assist you. Again, we apologize for any inconvenience this has caused as customer service is our highest priority.