Reverse Mortgage Company in Knoxville

Meet Loren Riddick

Loren Riddick

National Director of Reverse Lending

NMLS #182918

Knoxville, Tennessee Reverse Mortgage Broker

Loren Riddick and Nexa Mortgage make one of Knoxville’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: Knoxville, Tennessee. Credit: Wallpaper Pexels.

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 Knoxville have held reasonably steady over the last 18 months but all but doubled in price in the six years prior from April, 2018-24*.

Those houses had reached an average price of $359,252 (https://www.zillow.com/home-values/25428/knoxville-tn/)*.

Already, 580 residents in the Knoxville area have purchased a reverse mortgage with 38 signing on in the last 12 months*.

About Knoxville, Tennessee

Formerly known as White’s Fort, Knoxville was renamed by Governor William Blount in honor of President Washington’s Secretary of War General Henry Knox.

It was the first capital of Tennessee and remained so until ceded by Murfreesboro in 1817.

Lying on the Tennessee River, it remains the state’s third largest city behind Nashville and Memphis and ahead of another two cities wrapped in music folklore, Chattanooga and Clarksville.

Knoxville needed the arrival of the railroad in 1855 and the end of the American Civil War a decade later to kickstart its economic boom as a wholesaling and manufacturing center.

It suffered enormous decline during the Great Depression with virtually zero population growth for three decades until the 1960s.

It hosted the World’s Fair in 1982 and the city was mentioned frequently in the 1994 cult classic Pulp Fiction, due largely to it being the birthplace of director Quentin Tarantino.

Sunsphere Tower, built for the fair, is Knoxville’s most iconic landmark, lying in World’s Fair Park.

The city is also home to the Women’s Basketball Hall of Fame which opened in 1999.

Contact your Knoxville 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