American Advisors Group
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2004 |
| Founder | Reza Jahangiri |
| Headquarters | Orange County, California , United States |
Area served | United States (81 HUD-certified locations) |
Key people | Reza Jahangiri (CEO) |
| Products | Reverse mortgages, Home Equity Conversion Mortgage (HECM) loans |
American Advisors Group (AAG) is a U.S.-based lender specializing in reverse mortgages, focusing on government-backed Home Equity Conversion Mortgage (HECM) products. The company serves senior homeowners across 81 regions approved by HUD, providing tailored financial solutions.[1][2][3]
History
Established in 2004 by entrepreneur and CEO Reza Jahangiri, AAG has become a prominent entity within the reverse mortgage sector.[2][4]
In 2009, the company received a significant capital investment from private equity firm JAM Equity Partners. This funding facilitated AAG’s nationwide expansion and bolstered its brand visibility through targeted marketing campaigns, including endorsements by well-known personalities. At the same time, AAG strengthened its executive team by recruiting leaders from Liberty Reverse Mortgage/Genworth and the Senior Lending Network, emphasizing its commitment to retail lending growth.[5]Cite error: The opening <ref> tag is malformed or has a bad name
Following Ginnie Mae’s approval, AAG issued its inaugural Home Mortgage-Backed Security (HMBS) in July 2013, establishing itself as a major contributor to senior financial products. By mid-2015, the company had earned recognition as the top HMBS issuer, underscoring its expanding market presence and robust financial results within the industry.Cite error: The opening <ref> tag is malformed or has a bad name
Scope
Operating out of its headquarters in Orange County, California, AAG offers government-insured Home Equity Conversion Mortgage (HECM) loans in 81 HUD-certified locations. The organization broadened its operational framework by introducing a wholesale division in June 2012 and further extended its sales capabilities with the launch of the National Field Sales (NFS) division in 2014 to improve market penetration and sales effectiveness.
Spokespeople
To enhance brand awareness and influence, AAG has engaged prominent figures as spokespeople. Actor Peter Graves was featured in the national advertising campaign starting in 2009, succeeded by former U.S. Senator Fred Thompson, who represented the company from 2010 until his passing in 2015. Since 2021, actor Tom Selleck has been serving as AAG’s national spokesman, playing a key role in driving marketing strategy and customer relations.
References
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