Released on = November 22, 2005, 8:54 am

Press Release Author = Janelle Jones

Industry = Financial

Press Release Summary = Colorado-based 1st Reverse Mortgage
USAT Division of Mountain Pacific Mortgage Company gained a #1 state growth ranking
with 161% jump in closings for the current fiscal year according to HUD\'s industry
stats

Press Release Body = Lakewood, Colo. - Colorado-based 1st Reverse Mortgage USAT
Division of Mountain Pacific Mortgage Company gained a #1 state growth ranking with
an astounding 161% jump in closings for the current fiscal year, according to the
Housing and Urban Development's (HUD)industry statistics posted recently in the Home
Equity Conversion Mortgage Activity Report. In addition to its rapid-fire closing
rate jump, 1st Reverse Mortgage USAT ranks among the top five percent in the field
of 829 reverse mortgage lenders nationwide.

" We are proud of our ranking --- it proves our high regard for customer service ---
especially since it's HUD, not the lender, that sets the rates and terms in a
reverse mortgage. That means all lenders offer the exact same programs," said Barry
Scoles, Division Manager of 1st Reverse
Mortgage USAT, noting the differentiation between traditional mortgages that can be
shopped according to rates and terms. "Our growth has been won through superior
knowledge about the program, understanding the needs of seniors and delivering."

The wave of baby-boomers entering their retirement years, and those working on
behalf of their elderly parents who face escalating living and
healthcare costs, has caused the popularity of the federally regulated reverse
mortgage industry to rise.

Nationwide, 75% of all reverse mortgages are closed by 5% of lenders, an elite group
specializing in this unique mortgage program. In the last two years, reverse
mortgages have jumped 238%.

"While there are many good lenders in the country who offer reverse mortgages, there
are only a handful that truly specialize in this program.
This is a critical distinction. This program is so unique from other types of
mortgages, even skilled loan officers find they must relearn the
program each time they attempt to fulfill. 1st Reverse Mortgage USAT specializes in
reverse mortgages. We know what we're doing and recent
stats depict our expertise," said Scoles.

Reverse mortgages have been around for years, but it wasn\'t until the early \'90s
after the Federal Housing Administration started regulating and
insuring the program, such began earning respectability.

The purpose of the reverse mortgage is to turn what was once inaccessible --- the
value of one's home --- into a liquid asset for use by seniors at
a time when they need it most. "Seniors have worked hard for what they've earned
and finally there's recognition they can be compensated for those lifelong earnings,
and live comfortably, off their home investment," said Scoles, "We seek to educate
the public at-large and seniors specifically about access to this valuable
resource."
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Web Site = http://www.1streversemortgageusa.com

Contact Details = Janelle Jones
Strategic Advantage
9974 Clairton St. Highlands Ranch, CO 80126
(303) 791-2939
jjones@strategicadvantage.ws