Simple Reverse Lending

Simple Reverse Lending Reviews

Simple Reverse Lending Reviews
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Overall Rating4.8 out of 5
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About Simple Reverse Lending Reviews

Simple Reverse Lending is part of the full-service mortgage company Click n’ Close. It’s been in business since the 1940s. The company’s reverse mortgage team completes all stages of the lending process on-site. Its qualified loan officers offer on-site HUD underwriting to help customers get the best rates. Simple Reverse offers free reverse mortgage proposals to interested homeowners. The company is licensed in 23 states.

Pros & Cons


  • Refinancing options
  • Multiple payment options available
  • Full-service provider, not a broker
  • Experienced team of loan officers


  • Only licensed in 23 states
  • No online information about rates

Bottom Line

Simple Reverse Lending is part of the Click n’ Close brand. The company’s dedicated team of reverse mortgage loan officers has more than 70 years of experience in the industry. It handles all parts of your application in-house. For a simple way to get started, you can request a quote online.

Featured Reviews

Davenport, FL

The application process was very simple. Also, I felt comfortable with the time frame. Ryan ... was very instrumental in helping me. ... The only thing that slows the process down...

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Spring, TX

Everything was excellent with Simple Reverse Lending. They were clear about everything and answered all my questions. I was not very knowledgeable on the process but I was comfort...

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What is Simple Reverse Lending?

Simple Reverse Lending strives to streamline the reverse mortgage lending process to simplify it for seniors. The company's qualified loan officers help customers through the roughly 30-day process between the mandatory counseling and the loan's close.

It specializes in Home Equity Conversion Mortgage (HECM) reverse mortgages. However, you can get other mortgage products from the other brands in the Click n’ Close family. Simple Reverse Lending rolls almost all closing costs and loan fees into the loan to reduce your out-of-pocket expenses.

Qualified borrowers won't have to make a monthly mortgage payment if they don't want to. However, they must maintain their home, pay their hazard and flood insurance premiums, keep their property taxes up to date and pay their utilities. These requirements are typical for reverse mortgage lenders.

How does Simple Reverse Lending work?

To begin the loan application process with Simple Reverse Lending, you’ll need to contact the company. You can request a quote by completing an online form or calling.

The loan officer who works with you will review your situation and explain what reverse mortgage terms you qualify for. Then, before you can continue with the application process, you must attend third-party counseling. You can complete the counseling over the phone or in a face-to-face setting.

After you complete the counseling requirement, it’s time to continue the application process. As a part of this, you’ll need to:

  • Fill out the application
  • Submit to a credit check
  • Coordinate with an appraiser to determine the value of your home
  • Complete a title report to check for liens
  • Provide any required documentation to your loan officer

After the underwriting process is complete, you’ll need to sign the final loan documents. You’ll select how you want to receive your money during this stage. Simple Reverse Lending offers:

  • Guaranteed monthly payments as long as you remain in the home
  • Higher monthly payments for a set amount of time
  • Line of credit that lets you access the available cash anytime
  • A lump sum

You can also mix and match options to create a customized plan.

Once you sign the HECM loan, you’ll have a rescission period of three business days. If you decide during this time that you’d like to cancel the loan, there are no penalties.

After your cancellation period has passed, you’ll get the money in the manner agreed upon at closing.

Simple Reverse Lending rates

Simple Reverse Lending has no information about its lending rates available online. To get a customized quote, you must contact the company and provide information about yourself and your home.

Different factors determine your rate, including:

  • Your age
  • Your home’s value
  • The home’s location
  • Your existing mortgage (if any)
  • The plan you select for receiving your funds

If you don’t make payments, interest accrues on the loan balance. This interest is not tax deductible until you make partial or full repayment.

Simple Reverse Lending FAQ

Do I have to get an appraisal to get a Simple Reverse Lending mortgage?

Yes, Simple Reverse Lending requires an appraisal to get a reverse mortgage.

Where is Simple Reverse Lending available?

Simple Reverse Lending is available in 23 states:

  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
When was Simple Reverse Lending founded?

Simple Reverse Lending is a part of the Click n’ Close Brand. This company rebranded in 2022. Simple Reverse Lending has roots in a company founded in the 1940s.

Is Simple Reverse Lending legit?

Simple Reverse Lending can be a good option for qualified senior homeowners who want to access the equity in their home or get rid of their current mortgage payments. Reverse mortgages aren’t for everyone, though. The experienced team at Simple Reverse Lending can walk you through the decision. It has some educational material on its website that can also help, including a downloadable guide that’s simple to read. However, the company doesn’t publish information about its rates online, and you’ll need to submit some personal information to request a quote.

Simple Reverse Lending Reviews

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Page 1 Reviews 0 - 5
Verified purchase
StaffLoan Process

Reviewed Oct. 3, 2023

I was referred to Simple Reverse, and they were able to help me. It was a very positive experience. I would not hesitate to recommend Monica to anyone who might be looking to do this. She was extremely helpful. I've never done anything like this before, and so I just followed and did what she told me to do. I just retired and I'm trying to get everything together and one of the reasons that I decided to do a reverse mortgage was I wanted to get everybody that I owed money to paid off, which I was able to accomplish through Simple Reverse. It worked out really great, and I can't say enough about Monica. She went beyond what she would be required to do.

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    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Sept. 16, 2023

    I spoke with Monica and she explained to me that Simple Reverse did a lot of changes. There was a big difference in the old way that they did the process. I asked her questions about it and she answered me. She told me that she would send me a package to give me a visual on how they would proceed with it. Every time I called her and left her a message, if she didn't pick up, she would call me back. I like that too. Another rep called and walked me through the whole process as well and explained it. So I like that. He answered all my questions. They didn't hesitate to answer the question. I feel relieved right now that I don't have to pay this mortgage. I don't have to worry about paying this big AC bill that I've been having for the last four months. I can pay the bills with a little more at ease.

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    Customer ServiceStaff

    Reviewed June 2, 2023

    I spoke to three other companies, and I decided to go with Chris from Simple Reverse. After he left, then it was David that I worked with. He was very nice, very helpful, and always, if I had a question, he returned my call. There was another gentleman towards the end. He was part of the underwriting, and he was also very nice. The whole process took two months. They completed it sooner than I thought. Once I got the money, I was able to pay off some things that had been putting a lot of pressure on me. I did that. I still got some saved for emergencies. It did just what I wanted it to do.

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    Simple Reverse Lending
    Response from Simple Reverse Lending

    I am grateful that you decided to use us, and happy we were able to exceed your expectations.

    Verified purchase
    StaffLoan Process

    Reviewed March 31, 2023

    The reps went it over with us that we can pay the loan back when we can afford to and if we were to sell, we'd have to pay the loan off. If we sold the house or if something happened to us and our children had the house, then they'd have to sell it and then pay off that loan. We had some minor repairs that needed to be done so the application and underwriting process took a little while. Andrew, the rep, helped us through the whole thing. He answered all of our questions and walked us through everything. He told us what we needed to do and what needed to be done. Working with Simple Reverse helped us a lot and it was a very positive experience.

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    Simple Reverse Lending
    Response from Simple Reverse Lending

    Thank you Wanda. I appreciate the feedback and I am glad Andrew was able to help you make an informed decision.

    Verified purchase
    Customer ServiceStaffLoan ProcessRates

    Reviewed March 24, 2023

    The application process was very simple. Also, I felt comfortable with the time frame. Ryan from Simple Reverse Lending was very instrumental in helping me if I had any questions. The only thing that slows the process down is clients often don't know what to do, when to do it, and the questions they have sometimes go unanswered for days or weeks and that could slow things down. But when you have a guy like Ryan who if I needed something, I could email, call, or text him, and he had a response back in a short time. It went well for one of my clients. Always available whenever there was a question. He anticipated issues and we were out in front of anything and everything that came up at us.

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    Customer ServiceStaffLoan Process

    Reviewed Sept. 28, 2023

    Their rep Miranda went out of her way to help me. No question was too dumb, too small or too big. I couldn't get a better person on the phone than her. She made it so that I understood it all. The process seemed like it took forever. But it was only a couple of months. We did most of the document process over the phone and emailed back and forth what she needed to get to me. Working with them worked out really well for me.

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    Verified purchase
    StaffLoan Process

    Reviewed Aug. 24, 2023

    The application process took a while and it was a lot of paperwork but it was all right and the rep who helped me was great.

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    Simple Reverse Lending
    Response from Simple Reverse Lending

    Thanks for the feedback. The paperwork can be a bit much, but I'm glad to know that your loan officer was able to be a great resource for you.

    Verified purchase

    Reviewed Aug. 23, 2023

    Simple Reverse has helped considerably as far as financial issues go. It took two weeks to get all the paperwork done. And we had the notary come to the house. So, it worked fine. We were pleased.

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    Simple Reverse Lending
    Response from Simple Reverse Lending

    I'm very happy that the loan was helpful, and that you are pleased with our service.

    Verified purchase
    Customer ServiceLoan ProcessRates

    Reviewed Aug. 23, 2023

    I have been working with the loan officer, Jason, for quite a few years and I finally decided to do a reverse mortgage. The application process was pretty much over the phone. Then, we sat down with the notary who came and finished the process. It was very simple and the easiest process I've ever gone through, as far as a loan. Also, the rate and terms were exactly what I expected. A reverse mortgage, by nature, is more expensive than others because of the up-front mortgage insurance to the FHA. But for our situation, it was the best alternative and the rate was was very competitive and fair in today's rate environment.

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    Verified purchase
    Loan Process

    Reviewed Aug. 10, 2023

    The process with Simple Reverse was pretty fair. It took four months and I was expecting it to be a long process. It was also difficult to upload the documents they asked for but they helped me a whole lot. All in all, working with them made my life a little easier.

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    Simple Reverse Lending
    Response from Simple Reverse Lending

    I am happy to hear that working with us improved your life. Sometimes there are circumstances that can delay the usual fast process.

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    Simple Reverse Lending Company Information

    Company Name:
    Simple Reverse Lending