Company Information

Get to know Homeq Servicing Corporation

Homeq Servicing Corporation is the servicing arm of HomeEquity Bank, a Schedule I Canadian bank and the sole national provider of the CHIP Reverse Mortgage. The corporation's primary function is to manage and administer the mortgage accounts for all HomeEquity Bank clients. This includes handling customer inquiries, processing transactions, managing loan statements, and providing ongoing support throughout the life of the mortgage. The company exclusively serves Canadian homeowners aged 55 and older who have utilized HomeEquity Bank's reverse mortgage products to access equity from their homes.

Industry

Financial Other ServicePRIMARY
Financial Banking

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Homeq Servicing Corporation

United States

Founded in

2010 (16 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.