And Do Holdings <3457> announced on the 31st that its consolidated subsidiary Financial Do (Headquarters: Kyoto) will conduct real estate collateral evaluation and debt guarantee for the Reverse Mortgage 'Rivamo' provided by the Aichi Shogin Credit Union (Headquarters: Nagoya) in partnership, starting from December 2nd (scheduled).
As a result of this partnership, the number of affiliated financial institutions nationwide in the same company group has reached 54.
Financial Do will leverage the expertise in real estate transactions and the nationwide network of 708 stores* within the same company group to provide debt guarantees based on fair and prompt real estate collateral evaluations. This is to support the Credit Union in offering a Reverse Mortgage with flexible fund usage. *As of the end of September 2024.
In the future, the company group aims to achieve partnerships with many financial institutions to promote the growth of the reverse mortgage guarantee business. It also aims to contribute to the revitalization of the Japanese economy by expanding its range of products for the growing senior population and providing services utilizing real estate.