Under the Senior Lending Network's new Direct Bank program, customers of Illinois-based Busey Bank will now have access to reverse mortgages.

The 40+ branch Busey Bank is the first local bank to join the Senior Lending Direct Bank program. The Direct Bank program provides lending and back-office services to banks wishing to offer reverse lending to their customers, but lack the capacity and infrastructure.

For more information on reverse mortgages and the FHA Home Equity Conversion Mortgage (HECM) program, check out the following articles:

• Reverse Mortgage Basics
• Disadvantages of a Reverse Mortgage
• Using a Reverse Mortgage Calculator