The risks of health & not staying in the home with a reverse mortgage
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Watch the video to learn more about the risks of health & not staying in the home with a reverse mortgage.
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Continue readingBefore & After: The Financial Interview Tool & HUD Counseling
HUD Reverse Mortgage Counseling Financial Interview Tool Benefits
Part 1 (Your thoughts before…)
This week (September 11th) begins the implementation of the Financial Interview Tool & Benefits Check Up (BCU) as part of HUD counseling for all reverse mortgage applicants.
Please give us your thoughts (positive or negative) on this new protocol and questions to be covered. We want your perceptions before the protocol goes into effect, and after you and your clients have had some experience with the new protocol.Continue reading
Careless Advice
The following commentary is by James E. Veale | CPA, MBT
Advice About Reverse Mortgages
The more I read and hear so called financial advisors presenting the use of reverse mortgages, the more troubling it becomes. For example, one California reverse mortgage broker who allegedly provides retirement advice has issued press releases declaring that seniors are getting reverse mortgages to allow their portfolios and (401k and IRA) retirement accounts time to recover from recent investment losses.  Continue reading
9/11 brings New HUD counseling tool: Why it’s a “game-changer”
Effective 9/11/2010, HUD will begin implementing the use of the Financial Interview Tool (FIT) and Benefits Check Up (BCU) as part of the new counseling protocol for reverse mortgages. Learn why you must prepare yourself and your clients with the free online training session. Register today here.Continue reading
Insights for Reverse Mortgage Leads
Need Reverse Mortgage Leads?
Calling all reverse mortgage originators!
What are your best insights into getting and converting reverse mortgage leads? The goal of Reverse Mortgage Leads Central is to provide the best-of-best practices for building your reverse mortgage business, so we thought we’d start this week by reaching out to our members to tap your experience.
- What have you found to be the best way to get reverse mortgage leads?
- Any great tips for converting leads?
- What are pitfalls to avoid?
So if you have a great tip about managing reverse mortgage leads, let us know and we’ll compile everyone’s expertise into a future article.
Lowering Reverse Mortgage Leads Cost
Reverse Mortgage Leads
Reverse mortgage leads acquisition costs have skyrocketed. Just how do you manage and reduce your lead cost per funded loan? Continue reading
Senator McCaskill waxes eloquent on reverse mortgages.
Can HECM Regulators Act Unethically Toward the Reverse Mortgage Program?
Tell the woman who can no longer obtain a reverse mortgage because the program benefit cuts prevent her from getting rid of her conventional mortgage (she never could afford)-that Washington supports the program; Tell the man who desperately needs the reverse mortgage and yet was turned down because underwriting guidelines prefer that the properly executed power of attorney be called into question by an artificial standard-that Washington supports the program
Continue reading