If you’ve ever purchased reverse mortgage leads or spoke to someone who has you’ve probably heard or even said the words yourself… “those leads were no good”. Some have taken this mindset to heart and have convinced themselves one should never purchase leads. The largest reverse mortgage lenders in the country consistently purchase leads and would not do so ifContinue reading
Wells: Historic player exits reverse mortgages
Opportunity or omen? Wells Fargo exit from reverse mortgage sends shockwaves across the industry. Just what does it mean and what was Wells historic role in establishing reverse mortgages?
Continue readingFriday’s Food for Thought: Opportunity or Omen?
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Wells Fargo is leaving the Reverse Mortgage Business. Is this an opportunity or an omen of things to come in the Reverse Mortgage Industry?
Stretching words? AARP Lawsuit
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How far will the AARP lawsuit stretch the definition of homeowner? Watch the video for Reverse Mortgage News and Commentary regarding the AARP lawsuit.
Friday’s Food for Thought: Mission of Mercy
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A reverse mortgage news commentary on a mission of mercy for senior homeowners.
Friday’s Food for Thought: Squirrel!
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A commentary on technological distractions such as computers and cell phones and how they can keep us from accomplishing our business goals and completing our projects.
Will lending limits be reduced?
This week we focus on the real possibility of FHA reducing HECM lending limits for next year, the dangers of a reverse mortgage preventing Medicaid eligibility and our industry’s recent sales figures.
Continue readingFriday’s Food for Thought: Paperwork nightmare?
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Productivity and being efficient is more important than ever in the reverse mortgage busy season. In the reverse mortgage business, we have to be able to manage our paperwork load in an organized manner.
Friday’s Food for Thought: Tensions rise between lenders and appraisers
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Lenders: do they want more for less? A discussion of the tensions rising between reverse mortgage lenders and appraisers.
Friday’s Food for Thought: Attracting & keeping clients
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When attracting and keeping clients we need to remember to keep a balance between nurturing our relationships with existing clients and investing energy into marketing for new clients.
