Finance of America Companies

What Finance of America Companies does

Finance of America Companies (NYSE: FOA) is a publicly traded consumer lender specializing in reverse mortgage products for U.S. homeowners aged 55 and older, founded in 2004 and headquartered in Tulsa, Oklahoma. The company operates primarily through its core subsidiary Finance of America Reverse LLC (NMLS #2285), offering three principal products — HomeSafe, a proprietary jumbo reverse mortgage with loans up to $4 million; HomeSafe Second, a second-lien reverse mortgage that allows borrowers to tap equity while preserving an existing low-rate first mortgage; and HECM, an FHA-insured government reverse mortgage. It also offers HELOCs and HELOANs through a partnership with Better.com's Tinman AI platform and runs the Silvernest home-rental listing subsidiary. Distribution spans direct-to-consumer retail (web, toll-free, retail offices), the Xcelerate wholesale partner platform, a Financial Professionals division that serves as the official reverse mortgage educational partner of the Financial Planning Association, and the Lender Price Marketplace.

The company's revenue model combines transaction-based origination fees (a $3,995 fee is charged on HomeSafe Second, with an FHA HECM mortgage insurance premium of 2% upfront plus 0.5% annually), loan servicing fees on its reverse mortgage portfolio, and gains from portfolio management activities. As of 2025, Finance of America held a 30.2% share of the U.S. reverse mortgage industry, originated $2.4 billion in funded loan volume (a 24% year-over-year increase), and reported $497 million in total revenue (up 26% year-over-year). Adjusted net income of $74 million in 2025 represented a 429% year-over-year increase, and Q1 2026 adjusted EPS of $1.10 was up 112% year-over-year.

Recent strategic activity positions the company for further scale and product breadth. In December 2025, Finance of America entered a $2.5 billion strategic partnership with Blue Owl Capital, including a $50 million equity investment, to build a full-spectrum home equity lending platform. In late 2025 the company agreed to acquire PHH Mortgage Corporation's reverse mortgage servicing portfolio (20,000 HECM loans, $5.1 billion unpaid principal balance). The company has also expanded the HomeSafe Second product into 16 states, launched the HomeSafe Second Line of Credit in California, and acquired American Advisors Group (AAG) assets in 2023, consolidating the leading retail and wholesale reverse mortgage platforms under one roof.

Name

Finance of America Companies

Legal name

Finance of America Reverse LLC

Website

https://financeofamerica.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Finance of America Companies (NYSE: FOA) is a publicly traded reverse mortgage lender serving U.S. homeowners aged 55+ through proprietary HomeSafe products, FHA-insured HECMs, and wholesale and retail channels. Revenue is generated via loan origination fees, servicing, and portfolio management.

Ownership category

akta.pro rank

Product category

Reverse Mortgage Lending

NAICS

Real Estate Credit (522292), Nondepository Credit Intermediation (5222), Consumer Lending (522291), Mortgage and Nonmortgage Loan Brokers (522310), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163), Personal Credit Institutions (6141)

akta.pro primary industry

Reverse Mortgage Origination (HECM & Proprietary) (FSALAIAA)

akta.pro secondary industries

Reverse Mortgage Brokerage & Lead Generation (FSALAIAB), Reverse Mortgage Technology & Compliance (LOS/CRM/HECM Calculators) (FSALAIAI), Closed-End Home Equity Loans (Second Mortgages) (FSALAGAA), Cash-Out Refinance Origination (FSALAAAF)

Keywords

• Reverse mortgage lending
• Home equity solutions
• Retirement financing
• Mortgage origination
• Home equity conversion

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Reverse Mortgage Origination: Finance of America generates revenue primarily through originating reverse mortgage loans. The company earned $2.4 billion in funded loan volume in 2025, a 24% increase from the prior year. Origination fees include a standard $3,995 origination fee for HomeSafe Second products.
2. Loan Servicing: The company services its loan portfolio and generates servicing fee income. Onity Group completed the sale of $9.6 billion in reverse mortgage servicing rights to Finance of America, including Liberty's reverse mortgage assets.
3. Portfolio Management: Finance of America manages its mortgage portfolio and generates gains tied to portfolio valuations, contributing to revenue alongside origination activities.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Finance of America originates and services reverse mortgage loans that allow U.S. homeowners aged 55 and older to access home equity without adding monthly mortgage payments. Its core product suite includes HomeSafe (a proprietary jumbo reverse mortgage up to $4 million), HomeSafe Second (a second-lien reverse mortgage), HECM (an FHA-insured government reverse mortgage), and HomeSafe Second Line of Credit. The company distributes these products through direct-to-consumer retail channels, a wholesale broker platform called Xcelerate, and a Financial Professionals division serving financial advisors.

Product overview

Finance of America offers a suite of reverse mortgage products for retirees. The portfolio consists of three core products: HomeSafe (proprietary jumbo reverse mortgage with loans up to $4 million), HomeSafe Second (second-lien reverse mortgage/HELOC alternative), and HECM (FHA-insured government reverse mortgage). A sub-product, HomeSafe Second Line of Credit, provides flexible draw access. All products target homeowners aged 55+ and allow access to home equity without adding monthly mortgage payments, positioning housing wealth as a retirement financing tool.

Differentiator

Problem solved

Functional benefit

Brands

• HomeSafe: Proprietary jumbo reverse mortgage product allowing homeowners 55+ to access up to $4 million in home equity with flexible payout options.
• HomeSafe Second
• HECM
• Silvernest

Products and services

• HomeSafe Proprietary jumbo reverse mortgage allowing homeowners aged 55+ to access up to $4 million in home equity with no required monthly mortgage payments and no mortgage insurance premiums, offering flexible payout options (lump sum, line of credit, or combination).
• HomeSafe Second Second-lien reverse mortgage for homeowners aged 55+ that allows access to home equity while preserving the existing first mortgage and its low rate, with no required monthly mortgage payments on the second lien. Available in multiple states with a $3,995 origination fee.
• HECM (Home Equity Conversion Mortgage) Government-insured reverse mortgage backed by the FHA offering fixed and adjustable rate options for homeowners aged 62+, allowing access to home equity without required monthly mortgage payments and providing non-recourse protection.
• HomeSafe Second Line of Credit Second-lien reverse mortgage line of credit allowing homeowners aged 55+ to access home equity through flexible draws after an initial 25% draw at origination, with a 10-year draw period and up to $1 million loan limit. Currently available in California with expansion to additional states planned.
• Xcelerate Partner Platform Partner platform for wholesale brokers and lenders to access Finance of America's reverse mortgage products, manage pipeline, run loan calculations, and use integrated automation tools, supported by dedicated account teams and in-house processing.

Quantifiable outcome

• 30.2% market share in reverse mortgage industry
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• PHH Mortgage Corporation (Onity Group)coreStrategic or Co-development Partner · 18 November 2025Finance of America subsidiary Finance of America Reverse LLC agreed to acquire PHH Mortgage Corporation's reverse mortgage servicing portfolio and loan pipeline in an all-cash transaction. The transaction involves reverse MSRs on 20,000 HECM loans valued at $5.1 billion UPB, including Liberty's reverse mortgage assets, with a three-year subservicing agreement. Expected to close in Q1 2026.
• Better.com (Better Home & Finance Holding Co.)coreTechnology or Integration · 21 October 2025Finance of America partnered with Better.com to expand its home equity loan offerings through the AI-powered Tinman platform. The collaboration introduces instant digital applications and streamlined approval processes for HELOCs and HELOANs, aiming to enhance accessibility and efficiency for homeowners over 55. Better.com's Tinman AI platform enables quick applications and funding.
• American Advisors Group (AAG)flagshipStrategic or Co-development Partner · 7 December 2022Finance of America acquired assets of American Advisors Group (AAG), a reverse mortgage lender, in a transaction expected to close in first half of 2023. The acquisition brought the industry's top retail and wholesale platforms under one roof, firmly establishing Finance of America as the industry leader.
• Financial Planning Association (FPA)coreGTM or Marketing PartnerFinance of America is the official reverse mortgage educational partner of the Financial Planning Association (FPA), providing courses and resources for financial professionals to integrate reverse mortgages into retirement planning for their clients.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Longbridge Financial: One of the largest pure-play reverse mortgage lenders in the U.S., with a similar focus on proprietary jumbo reverse products (e.g., Longbridge Reverse) for homeowners 55+. Directly competes with Finance of America's HomeSafe and HECM offerings through similar retail and wholesale channels.
• Reverse Mortgage Funding (RMF) / Newfi Wholesale: Direct reverse mortgage competitor offering HECM and proprietary products to wholesale partners. Operates a wholesale broker platform analogous to Finance of America's Xcelerate and has historically been among the top retail/wholesale reverse lenders by endorsement volume.
• Rithm Capital (NewRez): Through NewRez and its predecessor acquisition of Reverse Mortgage Funding, Rithm Capital is one of the leading reverse mortgage originators and servicers. Directly comparable on proprietary reverse products, wholesale distribution, and MSR portfolio management.

Broad incumbents

• Rocket Mortgage (Rocket Companies): The largest U.S. retail mortgage lender has offered reverse mortgage products through its Rocket Pro Wholesale and retail channels. While reverse is a small part of its overall business, Rocket's brand, capital, and technology footprint make it a key competitor across the retirement home equity space.
• Mr. Cooper Group: Large U.S. mortgage servicer and originator that has been active in reverse MSR transactions and has direct exposure to reverse servicing economics. Comparable to Finance of America on the servicing side and increasingly relevant as reverse servicing portfolios are repackaged and traded.
• Guild Mortgage: Mid-to-large U.S. mortgage originator with a dedicated reverse mortgage division serving retail and wholesale customers. Overlaps with Finance of America on HECM origination, partner programs, and retirement-focused customer segments.
• loanDepot: Large U.S. retail and wholesale mortgage lender offering HELOC, purchase, and refinance products alongside reverse mortgage solutions. Comparable as a multi-channel competitor in the home equity and retirement lending space.
• PennyMac Financial Services: Major U.S. mortgage originator and servicer active in government-insured and conventional products. Relevant comparator on servicing portfolio management, capital markets execution, and forward mortgage exposure that competes for the same borrower equity.
• Ocwen Financial: Specialized mortgage servicer with material exposure to reverse mortgage servicing through PHH Mortgage and Liberty. A direct comparator for reverse servicing operations, subservicing arrangements, and regulatory/operational risk profile.
• United Wholesale Mortgage (UWM Holdings): The largest U.S. wholesale mortgage lender, serving the broker channel that Finance of America also targets via Xcelerate. Comparable as a wholesale platform competitor and increasingly relevant if UWM expands further into HELOC and equity-release products.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finance of America Companies