Platinum Preserve vs SecureEquity+

Platinum Preserve (Longbridge Financial) and SecureEquity+ (Mutual of Omaha Reverse) are two privately issued jumbo reverse mortgage programs, not FHA-insured, built for homes above the HECM lending limit; this page is a parameter card and names no "better" program.

Platinum Preserve, from Longbridge Financial, and SecureEquity+, from Mutual of Omaha Reverse, are two of the three live jumbo reverse mortgage programs. Jumbo reverse mortgages are privately issued, not FHA-insured, and built for homes worth well above the HECM lending limit. This page is a parameter card. The two programs are listed alphabetically and shown on their published terms; it is not a ranking, and no program is named as "better."

Last reviewed 2026-05-22

How do Platinum Preserve and SecureEquity+ compare side by side?

| Parameter | Platinum Preserve (Longbridge Financial) | SecureEquity+ (Mutual of Omaha Reverse) | |---|---|---| | Product type | Jumbo, privately issued, not FHA-insured (Longbridge Platinum Preserve parameter sheet) | Jumbo, privately issued, not FHA-insured (Mutual of Omaha Reverse SecureEquity+ parameter sheet) | | Issuer | Longbridge Financial LLC (NMLS #957935), a subsidiary of Ellington Financial Inc. | Mutual of Omaha Mortgage Inc., Mutual of Omaha Reverse division (NMLS #1025894) | | Minimum borrower age | 55 in most states, including North Carolina and Texas; 60 in Massachusetts, New York, Washington (Longbridge Platinum Preserve parameter sheet) | 55 in most states, including North Carolina and Texas; 60 in Massachusetts, New York, Washington (SecureEquity+ parameter sheet) | | Maximum loan cap | Up to $4,000,000 on the loan, not the home value (Longbridge Platinum Preserve parameter sheet) | Up to $4,000,000 on the loan, not the home value (SecureEquity+ parameter sheet) | | Payout modes | Lump sum or line of credit; tenure not offered | Lump sum or line of credit; tenure not offered | | Interest rate type | Typically fixed; line-of-credit variant available in select states | Typically fixed; line-of-credit variant available in select states | | Mortgage insurance premium | None; jumbo programs carry no FHA MIP | None; jumbo programs carry no FHA MIP | | Counseling | Required as a lender condition, using the same HUD-approved counselors as HECM | Required as a lender condition, using the same HUD-approved counselors as HECM | | Non-recourse basis | Contractual, under the lender's note rather than federal statute | Contractual, under the lender's note rather than federal statute | | Distinctive program feature | Contract language around home-value re-appraisal during the loan term, the "Preserve" framing (Longbridge Platinum Preserve parameter sheet) | The parent-company brand: Mutual of Omaha is an insurance and financial-services company in continuous operation since 1909 (Mutual of Omaha Reverse SecureEquity+ parameter sheet) |

Where do Platinum Preserve and SecureEquity+ differ?

These two programs are unusually close on published parameters. Both admit at 55 across every state except Massachusetts, New York, and Washington, where the floor is 60, and neither carries the HomeSafe age-62 exception in North Carolina and Texas. So the age rule, which separates HomeSafe from the others, does not separate these two at all.

The difference is qualitative. Platinum Preserve's distinctive feature is the "Preserve" contract language: provisions governing home-value re-appraisal during the loan term and how a value change feeds back into the loan. The exact mechanics live in the loan documents, and a borrower concerned about declining-market protection should read them closely. SecureEquity+ is positioned around the Mutual of Omaha parent brand, an insurance company operating since 1909, which is a signal about issuer durability. Since a jumbo program's non-recourse protection is contractual and runs through the lender, both the contract language and the issuer's staying power are reasonable things for a borrower to weigh.

What do Platinum Preserve and SecureEquity+ have in common?

The headline numbers match: a $4M loan cap, no MIP, lump sum or line of credit but not tenure, typically fixed-rate, and counseling required as a lender condition. Both carry contractual non-recourse rather than the statutory non-recourse of a HECM, and neither line-of-credit variant grows the way a HECM line of credit does. With the age rules identical, the distinction between these two programs lives almost entirely in the contract language and the issuer.

How do you choose between Platinum Preserve and SecureEquity+?

The row order is not a ranking. Because the published parameters are so close, the choice usually turns on the quoted rate and margin, the contract language a borrower cares about, and how they weigh the two issuers. A HUD-approved counselor can run both against the same age and home value. The HECM-vs-jumbo guide covers when a federal HECM is the right screen first; running the home value and age through the reverse mortgage calculator shows what a HECM would return as the baseline. The full parameter cards are at Platinum Preserve and SecureEquity+.

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