Neil has worked in retail mortgage lending since 1989 after graduating with a degree in business from Towson University. He founded Allymac Mortgage Services in Owings Mills Maryland in 1997 with a desire to provide his borrowers with choices that would match their individual situations, honest advice and full, clear disclosure.
Neil has an extensive background originating a wide range of conventional and government insured programs including traditional FHA, 203k renovation loans and FHA insured HECM Reverse Mortgage Loans, VA, Conventional, Construction, Jumbo and Private Placements. Over the span of his career, Neil has personally helped finance thousands of homeowners and homebuyers.
From 1997 until 2009, Neil served as President and CEO of Allymac Mortgage Services, a regional mortgage broker headquartered in Owings Mills, Maryland. Allymac grew its reverse mortgage business to become one of the largest and most well-respected FHA HECM Reverse Mortgage providers in the United States. The Allymac team later consolidated its operation with a larger regional lender and is now part of the Atlantic Coast Mortgage family. Neil continues to originate mortgages and is now Senior Vice President and oversees the Reverse Mortgage Division for Atlantic Coast. Neil and his team are consistently ranked among the top reverse mortgage producers in the nation and are noted industry experts in helping seniors the use of reverse mortgages to purchase both new construction and existing homes speaking often to industry and consumer groups.
Neil is a past-president of the Maryland Association of Mortgage Brokers and served on its Ethics Oversight Committee. He has served as a consultant to the Maryland Legislature in the formation of continuing education requirements for Mortgage Brokers and was appointed to represent the industry before the Commissioner of Financial Regulation and has served on the Mortgage Advisory Council to the Conference of State Bank Supervisors in the development and operation of a federally mandated national mortgage licensing system (NMLS).
Neil is licensed to originate loans in Washington DC (MLO139177), Florida (LO43206), Maryland (15534), North Carolina (I-174653), Pennsylvania (63484), South Carolina (MLO-139177), Virginia (MLO-33742VA), West Virginia (LO-35970) and is Licensed by the Delaware State Bank Commissioner to engage in business in the State, Company DE License #018226.
You can access Neil’s professional site at http://www.NeilSweren.com.
CRMP - Certified Reverse Mortgage Professional National Reverse Mortgage Lenders Association
Reverse Mortgages, Reverse for Purchase
Neil Sweren is a Certified Reverse Mortgage Specialist with 20+ yrs of residential financing experience with FHA, VA and Conventional Programs. Neil is an FHA HECM Reverse Purchase Specialist.