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Founded in 2019 and based in Clackamas, Oregon, Northwest Reverse Mortgage is a locally owned company focused exclusively on reverse mortgages. Led by owner Jeff Foody, who brings over two decades of industry experience, we are committed to providing clear, personalized guidance—so homeowners can make informed decisions about their future with confidence and peace of mind. Whether you're exploring reverse mortgage how it works or considering your options, our team is here to help.
Years of Experience in Reverse Mortgages
States Licensed
Focused on Reverse Mortgages
Monthly Mortgage Payment Savings Since 2019
Our mission is to demystify reverse mortgages and provide homeowners with clear, honest guidance they can trust. We exist to educate—not pressure—so every client understands their options and can make informed decisions that support long-term security, independence, and peace of mind. By focusing exclusively on reverse mortgages and building personal relationships, we strive to be a steady, reliable guide through an important financial decision, including helping homeowners determine whether a reverse mortgage is good or bad for their unique situation.
Jeff Foody is the President and Owner of Northwest Reverse Mortgage and has spent over two decades working exclusively in the reverse mortgage industry. He founded Northwest Reverse Mortgage in 2019 with the goal of creating a more personal, transparent experience for homeowners—free from the confusion and red tape often associated with large, national lenders.
Based in Clackamas, Oregon, Jeff is known for his straightforward, educational approach and commitment to helping clients understand their options before making any decisions. His experience spans all types of reverse mortgages, including FHA HECM and proprietary loan programs, and his focus has always been on long-term outcomes, not short-term transactions. As a local expert and trusted resource, Jeff takes pride in guiding homeowners with clarity, patience, and care while explaining reverse mortgage how it works in a way that’s easy to understand.
Madison serves as Processing Manager and Senior Loan Processor at Northwest Reverse Mortgage and has been with the company since 2020. With over 10 years of experience in the mortgage and financial services industry, she plays a critical role in ensuring every loan is handled accurately, efficiently, and with care.
Her background spans reverse mortgages, conventional, FHA, VA, and jumbo loans, as well as sales operations and client support. Known for her strong communication skills and meticulous approach, Madison works closely with borrowers, loan officers, and third-party partners to keep transactions on track from start to finish.
She takes pride in being a steady, knowledgeable resource for both clients and the Northwest Reverse team.
Reverse mortgage decisions often come during sensitive life transitions. We take the time to listen, understand each person’s situation, and meet them where they are—so guidance is thoughtful, personal, and grounded in real life.
We believe every client deserves to be treated with respect, clarity, and fairness. Beyond inclusion, we focus on preserving dignity in every conversation, decision, and recommendation we make.
Family matters deeply to us, both in our own lives and in the lives of our clients. We honor the importance of family, personal time, and long-term well-being when helping homeowners plan for the future.
We approach our work with a willingness to serve—whether that means answering questions, explaining options again, or taking extra time when it’s needed. Supporting our clients and each other is part of who we are.
We’re always looking for better ways to educate, communicate, and serve. By welcoming new ideas and feedback, we continue improving our processes to make the experience clearer, smoother, and more client-focused.
We see ourselves as educators before anything else. Our team is committed to helping clients fully understand their options and exploring every avenue to support a retirement plan that aligns with their goals—without pressure or shortcuts.
When you apply for a reverse mortgage with us, we will review your basic information and collect the necessary documentation. Our staff and lenders will evaluate these documents to determine your qualification. To streamline the process, please have the following documents ready and available for submission via mail, email, fax, or in person. Ensure all documents are complete, legible, and intact.
We thoroughly review your financial profile which includes your income, debts, and retirement objectives, We will discuss financing options and determine how a reverse mortgage loan fits your situation.
We will provide you with a list of both local and national reverse mortgage counseling companies for you to receive neutral third-party counseling. This is usually a phone call. It’s not a test or anything to be nervous about. It is a mandatory step the government requires for your benefit.
Once your counseling is complete, we will take an application and collect all supporting documentation. At this point, your file will be assessed for pre-approval. Next, escrow will be opened and a title report requested. Additionally, we will order an appraisal, verification of property tax payments, and homeowners insurance.
Your property documentation, along with any other outstanding conditions, will be sent to underwriting for a credit decision. Additional documentation may be requested at this time.
Upon approval, the escrow officer will receive your loan documentation/ instructions from the lender – please allow up to 48 hours for preparation. The escrow officer will contact you for a time to sign your closing documents.
The signed documents will be returned to the lender for review. Funds will be released to the title company for disbursement once all terms have been met. Funds will be used to pay items identified on the Closing Disclosure as approved by all parties in the transaction.
When all funds have been received and disbursed, the title company will record your new lien at the county. CONGRATULATIONS!
When you apply for a reverse mortgage, we will review your basic information and collect the necessary documentation. Our staff and lenders will evaluate these documents to determine your qualification. To streamline the process, please have the following documents ready and available for submission via mail, email, fax, or in person. Ensure all documents are complete, legible, and intact.
A copy of the trust, if applicable.
Contact information, if applicable.
If applicable.
If applicable.
We do not need tax returns unless you are claiming rental or self-employment income or capital gains. Include all pages, even if they are blank.
If employed, 30 days of most recent pay stubs and the most recent W2.
Don’t navigate your retirement alone. Our specialists are ready to provide the transparency and expertise you deserve. Contact us today for a pressure-free assessment and see how your home equity can work for you.
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