Leading P2P Mortgage Lending Service Recognized By The American Business Awards
BOSTON, MA — (Marketwire — May 4, 2016) — National Family Mortgage (http://www.nationalfamilymortgage.com), the leading U.S. peer-to-peer mortgage lending service, today announced that it has received a Silver Stevie ® Award from the American Business Awards, one of the nation’s most prestigious business awards competitions.
National Family Mortgage’s pioneering reverse mortgage alternative, the Caregiver Mortgage ®, was recognized in the financial services new product category. Category winners also included Thomson Reuters, John Hancock Financial Services, and Pacific Life.
Nicknamed the Stevies for the Greek word meaning “crowned,” the American Business Awards received more than 3,400 nominations from organizations of all sizes and in virtually every industry for consideration in a wide range of categories, including Financial Services New Product.
“National Family Mortgage works hard to help our clients reach their financial dreams” said National Family Mortgage CEO Timothy Burke. “I’m so proud of our team.” he continued. “This recognition from the American Business Awards highlights our ongoing commitment to innovation and putting family first, which will always remain the foundation of our business.”
About The Caregiver Mortgage ®
The Caregiver Mortgage ® is a secured line of credit crowd-funded by the relatives of a homeowner. It allows the homeowner to receive tax-free cash borrowed against their home equity, knowing that their own family – not an institution – is building equity in their home. It offers many of the features and benefits that attract people to reverse mortgages, but without the costs and restrictions.
National Family Mortgage’s easy and transparent process is designed to facilitate participation and maintain harmony between siblings and extended family members. Proper documentation sets clear expectations and prevents future misunderstandings between family members, healthcare providers, and the IRS. The patent pending loan management platform allows lenders to track their disbursements, add notes or receipts, and calculate year-end tax reports. The money loaned over the life of the loan is due back upon maturity, the sale of the borrower’s home, or the settlement of the borrower’s estate.
About National Family Mortgage
National Family Mortgage is an online peer-to-peer lending company committed to offering consumers alternatives to traditional and costlier forms of home financing. National Family Mortgage has developed a safe and easy way for families to structure real estate loans with their relatives – thereby helping people arrange affordable loans, while reducing tax issues, protecting relationships, and keeping money in the family. National Family Mortgage has originated over $400M in loan volume since inception, while keeping over $180M of interest within families.
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