Lorraine Jones

Reverse Mortgage Consultant Option Funding Inc. NMLS ID # 163400 NMLS ID # 229025 DRE # 00880390
I have been a licensed Real Estate Salesperson and Loan Officer for 40 years and have been specializing in reverse loans for the last 19. I found the program to be very compelling and important to determine the quality of life for a senior and for retirement planning.

I'm involved in a number of organizations that represent seniors and also focus groups within the local communities of Los Angeles and Ventura Counties, CA.

By meeting other professionals in different fields that offer services to the senior community, I feel more informed. And having these contacts helps me to direct my clients and their families to services that they might need and not know how to locate.

Estate Planning and Elder Law attorneys utilize my knowledge and experience for their older clients or the adult children and their senior parents to maximize retirement funds by using money from a Reverse loan for caregiving or unplanned medical expenses.

And I also coordinate financial concerns and retirement planning with Financial Advisors by providing them with examples of how they can extend the longevity of a retirement fund beyond the traditional method and or timeline of a retirement plan for their clients.

Banks and Credit Unions do not offer Reverse loans and I have partnered with some of them as a trusted resource for information for their clients/members when they are asking about a Reverse loan.

Lastly, I also assist Realtors with their senior clients who may wish to sell their current residence and downsize into one that is smaller; by using a Purchase Money Reverse loan in lieu of traditional financing.

I have been a guest speaker for APS in Ventura County, CA, a public radio station in Ventura (KVTA), a past Board Member of the Ventura County Adult Abuse Prevention Council & a guest speaker for the L.A. Caregivers Assoc. and various civic organizations.

I meet all my clients in their homes, throughout Central and Southern California for free consultations.
Aug 12, 2021
I was referred to Lorraine by my financial advisor who suggested that I investigate reverse loans as an option to solve some financial concerns that I had.

When Covid-19 took over our lives, I was unable to continue to work in my retail shop, and I soon found my self very worried about paying my mortgage each month, and I entered into a forbearance plan.

Lorraine provided excellent information about reverse loans, and what some of the options would be for me to consider, and I really appreciated her efforts in moving me through the loan process.

It everything worked out perfectly for me. No more mortgage payments and I also have additional funds in my investments.

She is kind, patient and well qualified to help anyone who needs information about reverse loans, and I certainly will be referring her whenever possible.
Mar 8, 2021
Many years ago I met Lorraine when I was considering using a reverse loan to pay off the mortgage I had at that time. I was still making mortgage payments and I was concerned about what if I ran out of money in the future, how would I make them?

This was about 18 years ago, before computers and cell phones, and now at last I can recommend her for help to any senior who would like to know how a reverse loan works.

I am been very happy with my choice all those years ago, and remain in touch with her, but just making a phone call.
Jan 11, 2021
Lorraine's handling of a recent loan transaction was a perfect example of what client service should always be. She is very timely, continually kept me informed of the status of the process, very helpful is putting the documentation together for the underwriters, extremely efficient is putting the loan paperwork together, and going the extra mile for her clients.

Dec 20, 2020
Director of Tax
Lorraine really knows her field. She gives them the information they need, but doesn't pressure them to "close the deal". She cares about her clients and is easy to work with.

Before COVID, she visited each client in person. Now she speaks with them on the phone or in a Zoom meeting.

I easily recommend Lorraine to anyone who is thinking about a reverse mortgage.
Dec 10, 2020
I have known Lorraine for a number of years. Dedicated and service-oriented, she goes the extra mile to educate prospective clients of the nature of reverse mortgages, to take them through the process, and to get to closing efficiently. She is knowledgeable in the field and responsive; always willing and making herself available to provide insight with a calming demeanor. Lorraine is the epitome of a trusted advisor.
Dec 8, 2020
Plain and simple, Lorraine knows her stuff! She has a wealth of experience and she also stays on top of the latest trends. She takes a personal interest in her clients. She maintains personal contact with the client from the start to the finish of the loan process and beyond. Her level of personal service and attention to detail are of the highest quality.
Dec 8, 2020
Business Owner
Lorraine has the experience needed to address the concerns or seniors who want to live life on their terms. She is honest and will only work with the client if it is beneficial for their situation. I recommend her services.
Dec 3, 2020

How to Chose a Reverse Mortgage

With so many choices, how does a borrower decide which reverse loan to pick for themselves?
Dec 2, 2020
Lorraine is very experienced & knowledgable. I have no reservations about recommending her.
Oct 12, 2020
Lorraine provided excellent guidance to me, while my reverse loan was being completed and was always available night or day, to take my anxious phone calls whenever I was feeling nervous about the process.

My husband died earlier this year after 52 years of marriage and I had no idea about how to manage my money or what to do, as i was very scared.

My Financial Advisor referred me to Lorraine, and right away she made me feel comfortable and secure, even in the midst of the Bobcat fire and worrying about losing my home in it.

Anyone who is thinking about a reverse loan, should contact Lorraine, as she will make sure everything is done perfectly for you and you won't be disappointed.
Sep 10, 2020
My husband and I were referred to Lorraine by our Estate Planning Attorney, Steve Murphy when we talked with him about how to increase our income flow. We had two mortgage payments and my husband's P/T trucking and delivery business had been effected by Covid-19 and we were concerned about maintaining our savings.

Lorraine was very professional and made us feel safe and comfortable when we met with her to discuss our situation and concerns. She provided a very nice packet of information about reverse loans and guided and helped us to move forward with our loan application.

Our loan recently "closed' and we are feeling great about our decision, plus we now no longer have to make any mortgage payments and we also received a nice large amount of money, too.

Thank you Lorraine for your help and your friendship.
Sep 10, 2020

Home Buying With a Reverse Loan

Many seniors are using funds from a reverse loan to purchase a new home after they retire.
Aug 28, 2020
We recently closed on a new home we purchased after selling our large home we had had for many years, because we wanted to live in something without stairs and a big yard.

Lorraine facilitated our reverse loan for the purchase of our new home and she and her team made it go so seamlessly for us. She was always available whenever we had a question and navigated us through the loan process, and was with us when we signed our loan documents.

She is very professional, and anyone considering a reverse loan should contact her, because she will give you a free proposal and answer all of your question.
Aug 6, 2020

Reverse Loan & Foreclosures

Since there are no mortgage payments on a reverse loan, how can a foreclosure happen?
Jun 23, 2020

I Need More Money

Many seniors have seen a huge loss in their savings due to Covid-19 and the unstable Stock Market. How about using a reverse loan?
Jun 23, 2020
I was introduced to Lorraine over two years ago by my Financial Advisor who suggested I consider doing a reverse loan to preserve my savings and also to avoid income taxes on what I might withdraw to cover my monthly expenses.

I did the loan with Lorraine, and she was so helpful, informative, and professional then, that I just now, completed refinancing that loan into a new one with her.

I got a lower interest rate and there were no fees, and I couldn't be happier. There is no one else i would ever consider to work with, because she is professional, ethical, and kind.
Apr 22, 2020
We recently completed our reverse loan with Lorraine and the process was so smooth and she was very informative and helpful in assisting us by providing a personalized proposal and answering all of our questions.

We were very worried about our savings and investments since the coronavirus broke out and the Stock Market losses devastated us. We were still making mortgage payments and we very concerned about the future and how long our savings would last.

Getting a reverse loan was the perfect solution for us and we are very thankful that we were referred to Lorraine Jones and wouldn't hesitate to refer her our friends or neighbors.
Mar 1, 2020
I worked very well with Lorraine. She was very helpful in explaining all that was needed for me to understand a Reverse Mortgage.

I value Lorraine as a Trusted Advisor. i would have no hestitation to refer her to some on who would be interested in receiving information regarding a Reverse Mortgage Loan.

Arlene Henry
Feb 7, 2020
Feb 7, 2020
Personal Assistant to Susan Lindemann
Both my employer and I were very impressed with Lorraine Jones. She is wonderful! So kind and caring. She stays on top of all matters and makes sure everything gets done as quickly as possible. We could not be happier and highly recommend her services! Thank you Lorraine!
Oct 28, 2019
Earlier this year my wife and I were considering looking into applying for a reverse loan, but we were overwhelmed by the process and made what turned out to be a mistake when we called some advertisers on television and were annoyed by the constant phone calls to our home after requesting their information.

Lorraine was referred to us by one of her former client's who just happened to be good friends we have had for many years. They told us that she would meet with us in our home and completely explain to us what are choices were, plus she would also give a personalized proposal.

Working with Lorraine Jones was such a pleasure and she guided us through the loan process with good communication and some "hand holding" and we are very glad that we met her and had her help us with our new reverse loan.
Jul 10, 2019

Alice Neumann

With Manufacturers Bank at the Stonehaus.
Jun 20, 2019

Why do FHA Loans have Insurance

The fees for reverse loans are almost the same fees as a traditional loan, except for MIP? What is that?
Apr 10, 2019

Good or Bad?

What is the truth about Reverse loans, are they a good financial option for seniors or awful?
Mar 2, 2019

Is Social Security Working?

How can anyone "live" on the amount of money they receive from Social Security? The average increase for 2019 was $39.00.

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