Security 1 Lending Launches its Legacy Tuition Program with 300+ U.S. Private Colleges & Universities
Security 1 Lending (S1L), a national leader in reverse mortgages, has announced an exclusive agreement with SAGE Scholars to offer their senior clients the Legacy Tuition Program. SAGE Scholars is the largest private college savings program in America.
We at SAGE Scholars realize that college funding is becoming an intergenerational function, and we found S1L s values and emphasis upon a holistic approach to Seniors financial priorities perfectly aligned with our interests. We believe that by working with S1L we can provide a solution to Seniors concerns for their grandchildren. said Dr. James Johnston, President, SAGE Scholars and former Head of Wharton Business School.
The Legacy Tuition Program will enable S1L clients to give the gift of a college scholarship to their grandchildren. Security 1 Lending will provide this free gift to their clients simply for choosing S1L as their reverse mortgage lender. The S1L program will provide up to $10,000 in tuition credits for each grandchild, which are guaranteed to be honored by 313 participating private colleges and universities in 45 states.
Security 1 Lending is enhancing the ability of our clients to leave a meaningful legacy by contributing towards their grandchildren s college education. I cannot think of a better gift for a grandparent to give and I am proud that we are able to offer this benefit to all of our valued clients, said Alex Pistone, Senior Vice President for S1L.
Participating NCAA Division One private colleges include Bradley University, Butler University, Creighton University, Drexel University, DePaul University, Duquesne University, La Salle University, St. Bonaventure University, University of Dayton, University of Evansville, University of San Diego and Valparaiso University. The consortium is especially strong in engineering, science and technology, with members such as Clarkson University, Embry-Riddle Aeronautical University, Florida Institute of Technology, Rensselaer Polytechnic Institute, Rochester Institute of Technology and Worcester Polytechnic Institute.
There are currently over 280,000 participating students in the tuition rewards program. Participating seniors of the High School Class of 2013 utilized $27.2 million in Tuition Rewards scholarships.
About Security 1 Lending
Security 1 Lending is the Retail Lending division of Reverse Mortgage Solutions, Inc. (RMS), a wholly owned subsidiary of Walter Investment Management Corp., which operates a coast-tocoast, origination, servicing and issuing business. For more information on Security 1 Lending, visit www.s1l.com for more information about RMS, visit www.rmsnav.com.
About Walter Investment Management Corp.
Walter Investment Management Corp. is an asset manager, mortgage servicer and originator focused on finding solutions for consumers and credit owners. Based in Tampa, Fla., the Company has over 6,200 employees and services a diverse loan portfolio. For more information about Walter Investment Management Corp., please visit the Company s website at www.walterinvestment.com.
For more information, contact Frances Schneider, Reverse Mortgage Consultant,
NMLS ID # 404668, at (203) 542-0719, or fschneider@S1L.com.