First Union Mortgage Corp. has begun offering reverse mortgages to its customers in the Tampa and St. Petersburg, Fla., markets.

The Charlotte, N.C.-based subsidiary of First Union National Bank selected Wendover Financial Services of Plano to supply the infrastructure for its entry into reverse mortgage lending.

Reverse mortgages give senior citizens immediate access to their home equity, generally without requiring them to repay while the home is their primary residence.

Wendover will provide origination and back-office support, on-site training, underwriting, mortgage insurance, funding, and servicing.

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