Compare Lenders
Ennkar vs. AAG: Reverse Mortgage Lenders Compared
American Advisors Group (AAG) was one of the largest reverse mortgage brands in the United States before its assets were acquired by Finance of America Reverse in 2023. Ennkar is a nationally ranked independent lender headquartered in Orange County. Here is how they compare on products and service.
American Advisors Group (AAG) built national recognition as a reverse mortgage specialist, with TV advertising that reached millions of homeowners. In December 2022, Finance of America Companies agreed to acquire a substantial majority of AAG's assets; the transaction closed on March 31, 2023, and the AAG direct-to-consumer channel now operates under the Finance of America Reverse (FAR) / Finance of America brand. Many homeowners still search for "AAG reverse mortgage" when comparing lenders.
Ennkar is an independent reverse mortgage lender licensed in multiple states, offering HECM (Home Equity Conversion Mortgage) programs for homeowners age 62+, proprietary jumbo reverse mortgages for higher-value homes (age 55+ where available), and HECM for Purchase — with a free online estimate, the Ennkar Connect mobile app, and a secure web portal alongside named loan officers.
This comparison summarizes publicly available differences in scale, products, and service approach. It is educational — not an endorsement of either lender. A HUD-approved counselor and licensed loan officer should review your specific situation.
Feature Comparison
| Topic | Ennkar | FAR / AAG |
|---|---|---|
| Primary focus | Reverse mortgages — HECM, jumbo proprietary, and HECM for Purchase | Reverse mortgages — HECM and related programs under the FAR brand |
| Company structure | Independent specialist lender; nationally ranked reverse mortgage originator | AAG assets acquired by Finance of America Reverse (closed March 2023); now part of Finance of America |
| Headquarters region | Orange, California (Orange County) | Finance of America operations are national (corporate offices outside California) |
| Minimum borrower age (HECM) | 62+ (at least one borrower on title) | 62+ (standard HECM requirement) |
| Jumbo / proprietary reverse | Yes — proprietary jumbo programs (age 55+ where available) | Offers proprietary / jumbo options — confirm current programs with FAR |
| HECM for Purchase | Yes — buy a new primary residence with a HECM | Offers HECM for Purchase (confirm details with FAR) |
| Online estimate tools | Free online estimate at ennkar.com/eligibility, Ennkar Connect app calculator, and review by a licensed loan officer | Online tools and national call-center intake |
| Online portal | Secure web portal at ennkar.com/dashboard for homeowners, partner brokers, loan officers, and Ennkar staff — estimates, saved scenarios, documents, and lead tracking | Online intake and account tools — national call-center support |
| Mobile app | Ennkar Connect on the App Store and Google Play — HECM pricing estimates, educational articles, saved scenarios, and connect with a specialist | Confirm mobile app availability on their website |
| Service model | Digital-first platform plus named licensed loan officers — online portal, mobile app, phone, video, and in-person support | National brand with distributed loan officer and call-center network |
| State licensing | Licensed in 16 states (NMLS #976231) | Licensed in most states — verify on NMLS Consumer Access |
| HUD counseling | Coordinates required HUD-approved counseling before closing | Coordinates HUD-approved counseling (required for HECM) |
Competitor details are based on publicly available information and may change. Verify current programs, licensing, and pricing directly with each lender. Ennkar does not guarantee the accuracy of third-party information.
When FAR / AAG May Be a Fit
- Strong national brand recognition — many homeowners already know the AAG name from years of education and television advertising.
- Backed by Finance of America, a large publicly traded retirement-solutions platform with broad nationwide distribution.
- Established processes for standard HECM scenarios across nearly every state.
When Ennkar May Be a Fit
- An independent specialist whose ownership and team are stable — not a brand absorbed into a larger company mid-restructuring, so the loan officer you start with is the one who finishes your file.
- Boutique, advisor-led experience with named loan officers — not a high-volume, call-center-first model.
- Full digital stack: free online estimate, the Ennkar Connect mobile app, and a secure web portal for homeowners and professionals.
- Full product range including jumbo proprietary (age 55+) and HECM for Purchase with consistent Ennkar underwriting and Orange County roots.
How to Choose
The AAG brand now operates under Finance of America Reverse following the 2023 asset acquisition. Ennkar is an independent specialist that pairs deep product range with a digital platform and named loan officers. Your choice may come down to communication style, product needs (especially jumbo or purchase), and whether you prefer a large national platform or a specialist lender with stable local roots. Request estimates from each and compare total costs, timelines, and loan officer access.
Whichever lender you explore, start with education: read our guide to HECM reverse mortgages, review the HECM program overview, run a free educational estimate, complete HUD-approved counseling, and compare written estimates before you apply.
Frequently Asked Questions
Is AAG still in business?
Did AAG go bankrupt?
How is Ennkar different from AAG / Finance of America?
Does Ennkar offer the same programs AAG did?
These answers are for educational purposes only and do not constitute financial, legal, or tax advice. This is not a commitment to lend. Ennkar, Inc. NMLS #976231. Licensed mortgage company in 16 states. Not all products available in all states. View licensing information · NMLS Consumer Access.
Compare Other Lenders
Researching more than one lender? See how Ennkar stacks up against other reverse mortgage providers.
Use Ennkar online or on your phone
Ennkar Connect is free on iOS and Android — run HECM estimates, save scenarios, and connect with a specialist. Homeowners, partner brokers, loan officers, and Ennkar staff can also sign in to our secure web portal for estimates, documents, and lead tracking.
See your reverse mortgage numbers
Get a free, no-obligation estimate from a licensed Ennkar loan officer — online, in the Ennkar Connect app, or by phone. No pressure — just clear answers about HECM and jumbo programs.
This is not a commitment to lend. Ennkar, Inc. NMLS #976231. Licensed mortgage company in 16 states. Not all products available in all states. View licensing information · NMLS Consumer Access.