Approximately 90% or more of reverse mortgages completed are under the Home Equity Conversion Mortgage (HECM) insured by HUD.  The parameters and requirements for HECMs are the same for banks and mortgage lenders.  There is usually an advantage to working with a bank over a mortgage lender if that bank has a proprietary product that a lender does not have. However, if your goal is the HUD HECM loan, there is no benefit to using a more expensive bank than a HUD-approved mortgage lender. It is often more expensive and takes longer than using a highly-rated lender like All Reverse Mortgage, Inc.