Today we’d like to introduce you to Bob Wommack.
Hi Bob, thanks for joining us today. We’d love for you to start by introducing yourself.
I’ve been involved in the reverse mortgage industry for more than 25 years. Early in my career, I had the opportunity to originate the very first reverse mortgage in the state of Texas, it was in Mt. Vernon, right after the program was approved by the legislature. Being involved that early gave me a unique perspective on how this tool could evolve to help homeowners access the wealth they’ve built in their homes while still feeling secure in retirement.
Over the years I’ve had a front-row seat to how the reverse mortgage program has improved, with changes that have consistently focused on better protections, many more options, and better outcomes for seniors. Seeing firsthand how reverse mortgages could truly help homeowners in retirement, and after spending about 15 years building experience across the retail lending industry, I eventually decided it was time to start my own company.
About ten years ago, I founded Trebor Reverse Mortgage as a family-owned business with a simple mission: to provide a more personal experience, and exceptional service to help seniors understand their options when it comes to accessing the equity in their homes.
Today we operate in both Texas and California and have built an amazing team of experienced loan officers who share that same philosophy. Collectively we more than 250 years of experience in the reverse mortgage space. Over the years we’ve developed strong relationships with all of the major lenders, which allows us to focus on finding the right solution for each customer rather than pushing a single product.
At the end of the day, our goal has always been simple: help homeowners make informed and confident decisions about one of their most important financial assets.
Can you talk to us a bit about the challenges and lessons you’ve learned along the way. Looking back would you say it’s been easy or smooth in retrospect?
One of the biggest challenges in the reverse mortgage industry is addressing misconceptions that have lingered over the years. The truth is the program has evolved significantly, with stronger protections for the borrower, but unfortunately so many people are still unaware of how reverse mortgages actually work today. A large part of our role has been focused on education. Helping seniors and their families understand the facts…and dispel all the false myths. The biggest one probably being that the bank owns or takes your home, which is just not true. We take the time to explain how they have improved over the years, and when they can be used responsibly as part of a broader financial plan.
At the same time the industry itself has continued to evolve. Over the past 25 years, reverse mortgages have gone through significant changes, including stronger consumer protections as I mentioned, and many more options for borrower. It’s no longer a one-size-fits-all solution. Today there are more flexible loan structures designed to better fit individual situations. Staying current with these developments is important so we can make sure our customers are benefiting from the most current and responsible options available.
In many ways these changes have strengthened our business and helped position a reverse mortgages as a thoughtful retirement planning tool rather than a last resort, which is an important distinction. Our focus has remained the same: making sure the solutions we offer our clients genuinely help them create financial flexibility, independence and security in retirement.
Thanks – so what else should our readers know about Trebor Reverse Mortgage, L.L.C.?
At Trebor, every decision we make starts with a simple principle: doing what is best for our customer. That philosophy has shaped our culture from the beginning, and it’s something our loan officers truly embrace in the way we work with seniors and their families every day.
Also, I firmly believe it matters which lender a homeowner works with. Our role as a wholesale broker is to help them understand all of their options clearly and guide them toward solutions that make the most sense for their individual situation. Because we work with multiple lenders, we’re able to focus on finding the right structure at the most competitive costs available. We’re not salespeople, we’re educators and advisors. Our role is to help seniors make one of the most important financial decisions of their lives with clarity and confidence. We take that responsibility very seriously, and integrity is always at the forefront of everything we do.
Looking ahead, Trebor’s future remains grounded in the same mission we started with: providing that one-on-one service, maintaining the highest level of trust, and making sure our customers have access to the best reverse mortgage options available as the industry continues to evolve.
We’d love to hear about any fond memories you have from when you were growing up?
One of my favorite childhood memories happened when I was just 13 years old. My mother went into labor early with my younger brother, but my dad was at work at the time. She needed to get to the hospital quickly, so I ended up driving her there myself – even though I had never been behind the wheel of car before. Thankfully we made it without getting pulled over, and she delivered my brother. Looking back, it was a pretty unforgettable moment for a 13-year-old, and my friends thought it was pretty cool! Definitely not how my parents thought I would learn how to drive. It’s a moment I’ve never forgotten.
Contact Info:
- Website: https://treborreverse.com/
- Instagram: @treborreversemortgage
- Facebook: https://www.facebook.com/people/Trebor-Reverse-Mortgage/61581342852787/
- LinkedIn: https://www.linkedin.com/company/trebor-reverse-mortgage-l-l-c
