Mutual of Omaha Reverse Mortgage Reviews

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About Mutual of Omaha Reverse Mortgage

Mutual of Omaha has been helping customers since 1909. Inspired by hometown values and committed to being responsible and caring for each other, we exist for the benefit of our customers.

And, like our customers, we thrive on relationships and building genuine, enduring connections. As a mutual company, our focus isn't on increasing share prices. It's helping customers reach their financial goals.

Pros
  • Resources and calculators online
  • Options for many borrowers
  • In-person advice from loan officers
  • Other mortgage options in-house
Cons
  • No online information about rates

Mutual of Omaha Reverse Mortgage Reviews

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    1 featured review
    How do I know I can trust these reviews about Mutual of Omaha Reverse Mortgage?
    • 4,916,070 reviews on ConsumerAffairs are verified.
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    Page 2 Reviews 30 - 60
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    CoverageSales & MarketingStaffBillingLoan Process

    Reviewed Jan. 20, 2025

    This is Mike and Grace **. We want to give the highest praise we can to our loan officer Michelle ** as we were very scared. We'd seen the ads on tv it sounded too good to be true. A loan which you wouldn't have huge house payments which you could pay if you had the funds to do so. A loan where people really do care about you and your needs. We were so worried that my son wouldn't get his inheritance. After Michelle thoroughly explained in great detail the pros and cons which every loan has. The pros outweighed the cons. Michelle did everything in her power to make this happen for us. Of course there was K aren't the notary who came to our house to sign everything. Michelle's boss who also did a great deal and Abby underwriting. There is no doubt in our minds that Mutual of Omaha stands out among the rest. Thank you.

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    Mutual of Omaha Reverse Mortgage
    Response from Mutual of Omaha Reverse Mortgage
    Hi Mike and Grace,

    Thank you for the kind words! We’re proud to have team members like Michelle who go above and beyond for our customers.

    Staff

    Reviewed Jan. 6, 2025

    Jeff ** was the best! From start to finish he was attentive, knowledgeable, and always kind. I was very reluctant at first going into the process. Jeff eased our minds and made the whole process so easy. I can’t say enough good things about Jeff and Mutual’s whole team. We highly recommend this type of mortgage for financial security!

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    Mutual of Omaha Reverse Mortgage
    Response from Mutual of Omaha Reverse Mortgage

    Thank you for your kind words! We’re so glad you had a great experience.

    StaffLoan Process

    Reviewed Dec. 5, 2024

    I was familiar with Reverse Mortgages. I used a reverse mortgage to help take care of my husband for more than 10 years after a family tragedy. When he passed, and I sold our home, I was happy to get the tax deduction and was surprised that I was able to move on financially. At almost 80 years old I investigated the possibility to do it again. I was amazed at how the loans had changed, and had more to offer today than with the loans of 15 years ago.

    The only problem I had was with the appraisal of my home. If you go through the process I suggest you find the very best appraiser you can find, and provide to him a record of permits, and upgrades you have made to your home. My loan officer was extremely patient as I was at times very nervous in doing this by myself. Although I didn't get all that I thought I would get from my equity at this time, all of my equity is still right here in the property, and I will be able to access more funds in the future. The loan is making it possible for me to move forward without debt, and I will be able to live totally on my Social Security. I think these loans can be a good solution under the right conditions. Thanks to my loan officer, Paul, who did a good, and professional job for me.

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    Customer ServiceStaffLoan Process

    Reviewed Dec. 4, 2024

    The process was easy and the communication between us and the Loan Processor was excellent. The required pre-education was very helpful in understanding the difference between products. We would definitely recommend Mutual of Omaha Mortgage.

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    Staff

    Reviewed Dec. 2, 2024

    Mutual of Omaha was a perfect fit for my mom and her situation. From the beginning our associate, Lauren, was attentive, thorough and patient. She walked us through each step of the process and made sure my parents understood fully what was happening, ensured they were informed and equipped with all the information they needed along the way. From start to finish we felt like we had a very good understanding of timelines and expectations. I would highly recommend M of O and certainly Lauren as she was the real rockstar in all of this!

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    StaffLoan Process

    Reviewed Nov. 29, 2024

    Shawn was more than helpful in getting my loan approved- He answered all of my questions and kept me informed through every step of the process. I can highly recommend him for any financial information.

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    Customer ServicePunctuality & SpeedStaff

    Reviewed Nov. 26, 2024

    In doing research in acquiring a reverse mortgage, most companies gave a quick check of my qualifications and told me I was not eligible. However Mutual of Omaha and agent Alan ** took time to talk to me and explain why and how reverse mortgages work! He worked with me for months and helped me get qualified! Customer service "above and beyond"! I would definitely recommend Mutual of Omaha before all others!

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    PriceMaintenanceLoan Process

    Reviewed Nov. 24, 2024

    I would like to personally thank Jim ** and Terry ** for all their work in making this happen. We decided to pursue a reverse mortgage, not out of need, but due to a couple of factors. We own an upscale equestrian property located in the horse capital of the world, Marion county, Florida, and in one of the more prestigious towns, and in a gated equine community Which we bought and paid cash for 10 years ago when we retired and moved from up north. Over the last 10 years, inflation has gone wild and the maintenance on a property like this is becoming more difficult as we have gotten older.

    But there were two factors that made this extremely difficult. First, there are not a lot of comparable properties that have been sold in a less than six month timeframe that is required. Yes, there’s always a couple but not the minimum of five and certainly not within their distance that they prefer within a quarter mile which would not be difficult With most standard homes. Plus, there are a lot of other structures Barns equipment shed Which cost money to construct along with run in shelters for the horses which will cost anywhere from six to $8000 each.

    Along with lots of board Fencing not only around the perimeter, but also just separate each and every pasture which are very expensive and would not be typical of a normal home. So you need a specialized Appraiser one who is actually a certified appraiser whose qualifications training and education are far above a licensed appraiser And more expensive as to be expected. It required them to be searching a much larger search area for comparable properties 25 miles away or further

    And second on the advice of our Accountants, we placed the ownership of our home and all our properties and assets into a living trust so that when both. My wife and I pass away. The assets would be passed on to our daughter, and there would be no exorbitant probate fees, quite frankly no probate fees at all. This is a complicated legal document that needs to be filed and registered with the county which it was required. Extensive review by Mutual Of Omaha’s legal team. The process dragged on for months and there were many times that my wife and I came to the point because it was not based on need that it came to the point where it was just too complicated and frustrating. Especially when we were looking for a loan That was only about 25% of the value of the home and we just wanted to do it to free up some of our assets.

    But Jim and Terry never stopped and they made it happen. My wife and I have always lived in a rural agricultural area and we’ve had horses and showed them for 50 years In spite the fact that both of us grew up in the New York metropolitan area. After 50 years, there is no way that we could possibly adapt to living In a condo apartment or retirement community. So we get to live out the rest of our lives the way we want to have the money necessary to do it and our daughter Will still receive a very large inheritance. We consider this to be a win-win. We are very happy and we are very thankful to Jim and Terry.

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    Customer ServiceStaff

    Reviewed Nov. 18, 2024

    Alex has a great voice for phone work. He was able to explain things that I did not understand about reverse mortgages. He also was able to understand me. He showed considerable empathy which I think is a very important quality to have for this type of work.

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    Customer Service

    Reviewed Nov. 18, 2024

    Thank you for all your patience and assistance in this process. Although we ran into unexpected delays and problems along the way. We would do it all over again. Travis and Diego went out of their way. They always responded to our phone calls.

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    Reviewed Nov. 17, 2024

    Better stay away if your hope is to get something done in less than 6 mo. Also be ready to show your underwear as if you are requiring a mortgage on your own house. You own the asset, not them. They have not figured this out yet. Five fingers down.

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    Mutual of Omaha Reverse Mortgage
    Response from Mutual of Omaha Reverse Mortgage

    Thank you for sharing your experience with us on Consumer Affairs. We sincerely apologize for the frustration and inconvenience you've encountered throughout this process.

    We understand how important and time-sensitive obtaining a reverse mortgage can be, and it's disheartening to hear that the process fell short of your expectations. Customer satisfaction is a priority for us. We’re deeply sorry that wasn’t clearly demonstrated to you.

    Should you wish to discuss this matter further or require any additional assistance, please do not hesitate to reach out to us at your convenience at (855) 327-1641.

    Thank you,

    The Mutual of Omaha Customer Success Team

    Staff

    Reviewed Nov. 10, 2024

    I was overjoyed with the entire process from start to finish. Billy ** was my first contact. He explained the process in detail and when I had questions he would answer me in easy to understand terms. He was very friendly and helpful. Billy made the entire process easy. Diego was the second contact and he was also very friendly and helpful. I knew where we were in the process from start to finish. When I had questions, Billy or Diego, sometimes both, were there to answer within an hour usually. The locals they hired for appraisal and closing were also great. The entire process was really a pleasure. I would definitely recommend Mutual of Omaha to all my friends and family.

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    Staff

    Reviewed Nov. 6, 2024

    I had a great experience with Mutual of Omaha! I knew the company had a great reputation, but I was surprised by how seamless the process was. Everyone was very friendly, kind, and accommodating, and they made sure I understood the process before proceeding. I will recommend Mutual of Omaha to everyone!

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    Customer ServicePunctuality & SpeedStaff

    Reviewed Nov. 6, 2024

    Good experience. Everything was explained well. Representatives took their time so that I could understand things well. Attentive communication by the phone. Representatives were easy to reach and responded timely.

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    Customer ServicePunctuality & Speed

    Reviewed Nov. 6, 2024

    Gina ** was an absolute joy to work with. Always responding promptly and providing anything I needed. A true asset to your company! The service was second to no one. I truly cannot be any happier with my service.

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    StaffRates

    Reviewed Nov. 5, 2024

    I have no idea where to begin. John was just wonderful. A very kind understanding man. I first contacted him in July 2024. I told him I was interested and a reverse mortgage. He told me he could help me. He was the best. His first try was unsuccessful, however, he said “Don’t worry I will get you a reverse mortgage”. After many obstacles, setbacks and three months of his hard work he was finally successful. I cannot imagine dealing with anyone better than John. If you want the job done give it to John, he will get it done.

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    StaffLoan Process

    Reviewed Nov. 1, 2024

    Brian is Great! The Process took almost 5 Months! Had to Jump through Multiple Hoops. Thanks to one individual, Not Brian! He keep me calm throughout the process and understood my frustrations with the individual in Question! Thanks Brian! You will be my Loan Officer for Life! Don

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    Staff

    Reviewed Oct. 28, 2024

    My experience with Mutual of Omaha was more than awesome, especially Sean ** and Natasha **. I feel like both of them went over and above to help me every step of the way. I actually feel like Sean is part of my family. I will be checking in with him occasionally to see how he and his family are doing. I am more than satisfied.

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    Customer ServiceStaffLoan ProcessTransparency

    Reviewed Oct. 27, 2024

    From the first phone call to Angela **, the entire process was smooth and easy. This was the easiest home loan I have ever done. Everything was completely explained to us with professionalism, friendliness and patience. We were updated daily and never left in the dark. We would highly recommend Angela ** and Mutual of Omaha to anyone looking for a reverse mortgage.

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    Customer ServiceStaff

    Reviewed Oct. 27, 2024

    Scott was very helpful and explain everything to us, and made it very easy to do. The teamwork with very helpful on phone, and Anthony who came to our house explain everything to us again. I would recommend Scott.

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    Customer ServiceStaff

    Reviewed Oct. 23, 2024

    The process was explained and followed up very well all due to Brian ** and Angela **. I cannot say enough words about their professionalism and assistance in submitting everything I needed to complete the process.

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    Customer ServiceStaff

    Reviewed Oct. 22, 2024

    It was a pleasure to work with Brian ** and his team. They helped us to make this an easy process from the day we called Mutual of Omaha to completion! All of our phone calls were returned as soon as possible. Everything was explained in an easy-to-understand way.

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    Customer ServiceStaffBilling

    Reviewed Oct. 20, 2024

    Pete ** was extremely patient and compassionate about my situation and explained everything in detail. He was also amenable to having my financial analyst join us on a call to ensure I was entirely comfortable. While the process to achieve the end result was lengthy, it reflected Mutual of Omaha's commitment to the customer and Pete was available every step of the way. Pursuing a reverse mortgage greatly alleviated the financial stress I was feeling after the death of my husband. His final dying wish was that I remain in the house and I feel blessed that I am able to do so.

    The initial proceeds could not have come at a better time, since I recently encountered a $40,000 extensive plumbing repair, which also required the removal of a 100 foot spruce tree ($3600) whose roots were impacting the sewer line. A new hot water heater and associated repairs was over $8,000. Without the reverse mortgage I would have been unable to tackle these major expenses. I can now breathe easier knowing that thanks to obtaining a reverse mortgage I won't be incurring debt. Finally, I was able to pay off $5000 in credit card debt and am now debt free. Again I can't thank Pete enough for being readily available to answer all my questions and I would highly recommend Mutual of Omaha to anyone considering a reverse mortgage. I now have peace of mind which is immeasurable. Thank you.

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    Mutual of Omaha Reverse Mortgage
    Response from Mutual of Omaha Reverse Mortgage
    Hi Susan,

    Thank you for taking the time to share your experience with us! We're thrilled to hear all went so well. Have a wonderful day!

    Staff

    Reviewed Oct. 14, 2024

    Nancy was a knowledgeable and awesome person to work with, she answered all my questions even the ones asked over and over with patience. She fought for me through the whole process and was available for anything I needed. I highly recommend Mutual of Omaha.

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    Mutual of Omaha Reverse Mortgage
    Response from Mutual of Omaha Reverse Mortgage
    Hi Amanda,

    Thank you for the 4/5 star review. We appreciate you sharing your experience with us!

    Staff

    Reviewed Oct. 9, 2024

    Everyone at Mutual I dealt with was very helpful and available when I needed them. I really appreciate Jonathan ** for his patience with me. It took a little longer than I hoped but it was due to outside issues concerning my home. Even so, they stuck with me and saw the process through.

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    Mutual of Omaha Reverse Mortgage
    Response from Mutual of Omaha Reverse Mortgage

    Hi Twilla, Thank you for taking the time to share your experience with us! We appreciate your patience throughout the process and are happy to hear things went well overall. Have a wonderful day!

    Staff

    Reviewed Oct. 5, 2024

    Everyone at this company is very friendly, professional and knowledgeable! I’m so glad I decided to go with Mutual of Omaha!! They were superb ♥️♥️. I thought I was going to be stressed out but Patty ** made it so easy.

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    Mutual of Omaha Reverse Mortgage
    Response from Mutual of Omaha Reverse Mortgage
    Hi Pat,

    Thank you for your feedback! We're thrilled to hear the process went smoothly for you. We appreciate your kind words. Have a wonderful day!

    StaffLoan Process

    Reviewed Oct. 3, 2024

    During a time of turmoil after losing my husband, I recently closed my reverse mortgage with Mutual of Omaha. I carefully explored all my options and after a few months, I concluded that a reverse mortgage with Mutual of Omaha was the best option for me. The individuals I had the opportunity to work with were exceptional. Susan **, my loan originator, was patient and kind, providing me with answers to all my questions and guiding me through the process of signing my application online. Trianda **, my processor, was also wonderful to work with. She was always on top of everything and ensured the process ran smoothly. Susan, Trianda, and Mutual of Omaha were a great team to work with!

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    Mutual of Omaha Reverse Mortgage
    Response from Mutual of Omaha Reverse Mortgage
    Hi Linda,

    Thank you for taking the time to share your feedback and experience with us. We're so sorry for your loss. We appreciate your kind words and wish you the vert best!

    PricePunctuality & Speed

    Reviewed Oct. 2, 2024

    The entire process was explained including the potential pitfalls and fees. After reviewing the proposal and estimated cost, I realized it was a no-brainer for our financial situation. We were given many opportunities to ask questions, and all were answered promptly

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    Mutual of Omaha Reverse Mortgage
    Response from Mutual of Omaha Reverse Mortgage
    Hi Fred,

    Thanks so much for taking the time to share your experience with us! We truly appreciate it. We're happy to hear all went well and your questions were answered promptly. Have a wonderful day!

    StaffLoan Process

    Reviewed Sept. 29, 2024

    We have engaged several mortgage companies in the past, some went well some we won't recommend. This latest experience with Mutual of Omaha has been the best of them all. We highly recommend Mutual of Omaha. The process went very well without unnecessary stress and confusion. We especially appreciate our loan officer who is a delight to work with.

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    Mutual of Omaha Reverse Mortgage
    Response from Mutual of Omaha Reverse Mortgage

    Hi James, Thank you for sharing your experience with us! We truly appreciate the recommendation. Have a wonderful week!

    Customer ServiceStaffHonesty & Transparency

    Reviewed Sept. 28, 2024

    I found the Mutual of Omaha representative, King **, to be very helpful, straightforward, honest, and truly concerned about my family. He went beyond the call of duty to be helpful to us. The results of his work has resulted in a new financial lease on life.

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    Mutual of Omaha Reverse Mortgage
    Response from Mutual of Omaha Reverse Mortgage
    Hi Reginald,

    Thank you for taking the time to share your experience with us. We're thrilled to hear it has been such a positive impact. Have a wonderful rest of your week!

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    Mutual of Omaha Reverse Mortgage Company Information

    Company Name:
    Mutual of Omaha Reverse Mortgage
    Address:
    3131 Camino Del Rio N 1100
    City:
    San Diego
    State/Province:
    CA
    Postal Code:
    92108
    Country:
    United States
    Website:
    mutualreverse.com