About 1st Nations Reverse Mortgage
1st Nations Reverse Mortgage is a company based in Plymouth (United States) founded in 1997 was acquired by University Lending in March 2019.. 1st Nations Reverse Mortgage offers products and services including Reverse Mortgage and Counseling Service. 1st Nations Reverse Mortgage operates in a competitive market with competitors including Camden National Bank, Scottish Building Society, Mag Mile Capital, NYCEEC and Delta Trust & Bank, among others.
- Headquarter Plymouth, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
- Legal Name University Bank
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
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Acquired by
University Lending
(Mar 27, 2019)
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Products & Services of 1st Nations Reverse Mortgage
1st Nations Reverse Mortgage offers a comprehensive portfolio of products and services, including Reverse Mortgage and Counseling Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Allows seniors to access home equity for various expenses without monthly payments
Provides HUD-approved guidance on reverse mortgage options and applications
Funding Insights of 1st Nations Reverse Mortgage
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 1st Nations Reverse Mortgage
1st Nations Reverse Mortgage has secured backing from 1 investor. Prominent investors backing the company include University Lending. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by 1st Nations Reverse Mortgage
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 1st Nations Reverse Mortgage
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
1St Nations Reverse Mortgage Comparisons
Competitors of 1st Nations Reverse Mortgage
1st Nations Reverse Mortgage operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Camden National Bank, Scottish Building Society, Mag Mile Capital, NYCEEC and Delta Trust & Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Banking services are provided in Rockland, United States, since 1875.
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Provides savings accounts and mortgages to help people save and buy homes.
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Provides debt placement and equity arrangement for real estate investors and developers.
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Building society services are provided by NYCEEC in New York.
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Building society banking services are provided in the United States.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on 1St Nations Reverse Mortgage
Frequently Asked Questions about 1st Nations Reverse Mortgage
When was 1st Nations Reverse Mortgage founded?
1st Nations Reverse Mortgage was founded in 1997.
Where is 1st Nations Reverse Mortgage located?
1st Nations Reverse Mortgage is headquartered in Plymouth, United States. It is registered at Plymouth, Massachusetts, United States.
What does 1st Nations Reverse Mortgage do?
The company was founded in 1997 in Plymouth, United States, and operates within the financial services sector as a building society bank. Reverse mortgage products are offered to eligible homeowners, enabling equity access without required monthly repayments. Operations focus on mortgage lending tailored for first nations communities, with online presence maintained via firstloans.net. Services are delivered across the United States, emphasizing structured financial support in the housing finance industry.
Who are the top competitors of 1st Nations Reverse Mortgage?
1st Nations Reverse Mortgage's top competitors include Camden National Bank, McGladrey Capital and River Branch Holdings.
What products or services does 1st Nations Reverse Mortgage offer?
1st Nations Reverse Mortgage offers Reverse Mortgage and Counseling Service.
Who are 1st Nations Reverse Mortgage's investors?
1st Nations Reverse Mortgage has 1 investor. Key investors include University Lending.
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