Reverse Mortgage Company in Alcoa

Meet Loren Riddick

Loren Riddick

National Director of Reverse Lending

NMLS #182918

Alcoa, Tennessee Reverse Mortgage Broker

Loren Riddick and Nexa Mortgage make one of Alcoa’s most dependable teams if you’re in the market for or even simply curious about how a reverse mortgage might help you – from Farragut to Trentville and throughout the width and breadth of Knox County.

Loren has earned national recognition and respect as one of the top lending professionals in the country.

He is a fifth generation East Tennessee native who knows the meaning of hard work and dedication and offers enviable levels of experience and integrity to ensure the best results for each and every client.

Loren has had a thriving personal mortgage practice for more than 24 years, boasting a loan volume in excess of $600 million.

He is one of the few mortgage professionals in the nation proficient in both forward and reverse mortgages.

Loren is now the National Director of Reverse Lending with Nexa Mortgage and is a respected authority on the loan type, speaking at several National Reverse Mortgage Lenders Association (NRMLA) conferences where he also holds a seat on the board.

He has a passion for ensuring the strength and virtues of reverse lending are understood by professionals from all walks of life, particularly those in the real estate, legal, and financial planning industries.

And now he wants to share its secrets with retirees!

Loren has traveled nationwide speaking to countless business organizations, civic groups and various sports teams of all levels sharing his own personal formula for success – experience, integrity and results.

He is a father of two and a husband to his college sweetheart of almost three decades.

Caption: Alcoa, Tennessee. Credit: Wikimedia Commons.

His passion for his community and its children is best illustrated by the incredible 20-year run of his free Stars of Tomorrow basketball camp that has welcomed more than 2,000 kids – all who received a basketball, shirt and food along with some invaluable life lessons.

What is a reverse mortgage?

A reverse mortgage is still largely misunderstood but it shouldn’t be.

That’s because it is an incredibly powerful loan product to help certain retirees navigate the sometimes choppy waters of their retirement.

It should absolutely be considered by anyone who owns their own home but is finding disposable cash harder to come by.

A reverse mortgage essentially allows you to borrow against the value of your home for the rest of your life.

As long as you are at least 62 years of age, you can apply for this mortgage which instantly puts money back in your pocket while availing you the luxury of remaining in your home.

You can forever dismiss any notion that you will have to sell your beloved home just to facilitate your retirement.

Retirees can choose to be paid in several different ways including a line of credit, monthly installments, a lump sum or even a combination of all three.

As long as the terms of the loan are met, it does not require repayment until either the homeowner sells or the last surviving borrower passes away.

It’s a really clever way to maximize the value of your asset, allowing you the freedom of a comfortable, worry-free retirement.

House prices in Alcoa have increased by 0.2%, reaching an average price of $299,848 (https://www.zillow.com/home-values/15079/alcoa-tn/)*.

Already, 541 residents in the Alcoa area have purchased a reverse mortgage with 43 signing on in the last 12 months*.

About Alcoa, Tennessee

Alcoa, Tennessee, is a friendly and family-oriented city nestled along the scenic foothills of the Great Smoky Mountains in Blount County. Just a short drive from Knoxville, Alcoa offers residents the perfect mix of small-town comfort, natural beauty, and easy access to urban amenities. Known for its strong sense of community and welcoming atmosphere, Alcoa is a place where neighbors know each other and enjoy all the best of East Tennessee living.

The city’s history is closely tied to industry and innovation. Alcoa grew up around the Aluminum Company of America (from which it takes its name), and that heritage is still reflected in the area’s strong local spirit and work ethic. Today, Alcoa blends its rich past with a bright future, offering growing commercial areas, quality public services, and a variety of residential neighborhoods.

Outdoor enthusiasts appreciate Alcoa’s proximity to the Great Smoky Mountains National Park, one of the nation’s most visited natural treasures. Whether it’s hiking, fishing, or simply taking in the mountain views, outdoor adventures are always within reach. Locally, citizens enjoy parks like Springbrook Park and the Greenbelt Trail system, which provide walking paths, picnic areas, and places for the whole family to stay active.

Alcoa’s community vibe is enhanced by local events, youth sports leagues, and family activities that bring residents together throughout the year. With solid schools, nearby healthcare facilities, and a cost of living that’s more affordable than many metro areas, Alcoa attracts people at all stages of life—from young families to retirees seeking a peaceful yet connected place to call home.

As a reverse mortgage loan officer serving Alcoa, I help homeowners explore options that use their home equity to support a stronger, more flexible retirement. Whether you’re looking to increase monthly cash flow, plan for healthcare needs, or simply enjoy your golden years with greater peace of mind, I provide clear, personalized guidance to meet your goals. In a community as warm, scenic, and grounded as Alcoa, your home can help you make the most of your retirement journey.

Contact your Alcoa reverse mortgage lender today.

Loren and his team at Nexa Mortgage would be delighted to field any enquiries you may have about reverse mortgages as they may apply to your personal situation.

Please call Loren on (865) 233-4871 for a no obligation chat.

*As of December 2025