Weekly video recap updating professionals on industry changes in the reverse mortgage marketplace. Return here each Friday for new videos.
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New Change In The Floor
This week was a game changer in the reverse mortgage industry when HUD announced a new change in the floor. Watch the video for more.
The Reverse Fortunes weekly video recap updating reverse mortgage professionals on industry changes in the reverse mortgage marketplace. Return here each Friday for new videos.
Watch the full episode. See more Nightly Business Report.
Watch the video to learn more about the risks of health & not staying in the home with a reverse mortgage.
Get the inside scoop on what recent changes really mean for the reverse mortgage marketplace. Weekly video.
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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
The following commentary is by James E. Veale | CPA, MBT
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
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
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.
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.
Reverse mortgage leads acquisition costs have skyrocketed. Just how do you manage and reduce your lead cost per funded loan? Continue reading
Senator McCaskill discusses whether or not lenders have the best interest of seniors in mind.
