Longbridge vs Mutual of Omaha

Longbridge Financial and Mutual of Omaha Reverse both originate the federally insured HECM on identical HUD terms (HUD Handbook 4000.1) and each runs its own proprietary jumbo program; this page sets their published parameters side by side and names no "better" lender.

Longbridge Financial and Mutual of Omaha Reverse are both active reverse mortgage lenders. Each originates the federally insured HECM and each runs a proprietary jumbo program. This page compares them as lenders, on the structure of what they offer rather than on rates, which are quoted per borrower. The two are listed alphabetically; this is informational, not a ranking, and neither lender is named as "better."

Last reviewed 2026-05-22

What can you fairly compare between Longbridge and Mutual of Omaha?

The HECM is a federal product. Its core terms, the 62-year age floor, the lending limit, the 2% upfront and 0.5% annual MIP, the counseling requirement, the non-recourse cap, are set by HUD and apply uniformly across every HUD-approved lender (HUD Handbook 4000.1). A HECM from either lender is the same loan on every term that matters legally; the lenders differ on margin, origination fee within the HUD cap, and service. The jumbo programs are where the real product differences sit.

How do Longbridge and Mutual of Omaha compare side by side?

| Parameter | Longbridge Financial | Mutual of Omaha Reverse | |---|---|---| | HECM offered | Yes; standard FHA-insured HECM on federal terms (HUD Handbook 4000.1) | Yes; standard FHA-insured HECM on federal terms (HUD Handbook 4000.1) | | Proprietary jumbo program | Platinum Preserve (Longbridge Platinum Preserve parameter sheet) | SecureEquity+ (Mutual of Omaha Reverse SecureEquity+ parameter sheet) | | Jumbo loan cap | Up to $4,000,000 on the loan, not the home value | Up to $4,000,000 on the loan, not the home value | | Jumbo minimum age | 55 in most states; 60 in Massachusetts, New York, Washington (Longbridge Platinum Preserve parameter sheet) | 55 in most states; 60 in Massachusetts, New York, Washington (SecureEquity+ parameter sheet) | | Jumbo distinctive feature | Platinum Preserve's contract language around home-value re-appraisal during the loan term (Longbridge Platinum Preserve parameter sheet) | SecureEquity+ carries the Mutual of Omaha parent brand, an insurer operating since 1909 (Mutual of Omaha Reverse SecureEquity+ parameter sheet) | | Corporate parent | Ellington Financial Inc. (NYSE: EFC) | Mutual of Omaha Insurance Company | | Counseling on jumbo | Required as a lender condition | Required as a lender condition | | Non-recourse on jumbo | Contractual, under the lender's note | Contractual, under the lender's note |

Where do Longbridge and Mutual of Omaha differ?

For a HECM borrower the lenders differ on margin, on the origination fee within the HUD cap, and on service, not on the loan's legal terms. A borrower shopping a HECM should request quotes from both, and from other HUD-approved lenders, against the same age and home value.

For a jumbo borrower the two programs are unusually close. Platinum Preserve and SecureEquity+ share the same age rules: 55 in most states, 60 in Massachusetts, New York, and Washington, with no age-62 exception in North Carolina or Texas. So the age rule does not separate them. The distinction is qualitative. Platinum Preserve's named feature is its "Preserve" home-value re-appraisal contract language; SecureEquity+ is positioned around the Mutual of Omaha parent brand and the issuer durability that signals. On a jumbo loan, where non-recourse is contractual and runs through the lender, both the contract language and the issuer's staying power are reasonable to weigh. The full head-to-head is the Platinum Preserve vs SecureEquity+ page.

What do Longbridge and Mutual of Omaha have in common?

Both originate the HECM on identical federal terms. Both run a jumbo program capped at a $4M loan with no MIP, lump sum or line of credit, and counseling required as a lender condition. Both jumbo programs carry contractual rather than statutory non-recourse, and the two jumbo programs share their age rules. For a borrower whose home is at or below the HECM lending limit, the lender choice is a margin-and-service question.

How do you choose between Longbridge and Mutual of Omaha?

The row order is not a ranking. For a HECM, compare margin and fees across both lenders and others. For a jumbo loan, the Platinum Preserve vs SecureEquity+ page carries the parameter detail. The HECM-vs-jumbo guide covers which screen to start from, and the reverse mortgage calculator models the HECM side.

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