Four New Year’s resolutions you’ll love to keep

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Reverse Mortgage New Year’s Resolutions You’ll Love to Keep

Reverse Mortgage ResolutionsIt’s that time of year again: too much to do, too many parties — and too many promises to start the diet or join a gym after the New Year.

But what if keeping a resolution was as easy — and joyful — as the holidays themselves? We’ve come up with some New Year’s commitments for reverse mortgage professionals that will have you eager to return to the office on January 2nd, ready to start 2012 on healthy, prosperous footing.

#1 Lose wait. No, that isn’t a typo; it’s a reframe of the typical resolution about excess eating. Procrastination keeps the “wait” on, while springing into action guarantees you’ll soon begin to be trim.

Reverse mortgage resolution #1: Make a New Year’s business plan. Revisit what worked in the past, what’s not working, and decide what you must do now in order to delve into rather than shelve your business in 2012.

#2 Get fit. While a toned body is important for well-being, so is a well exercised brain. Continuing education is crucial for your ongoing success; think of it as a health club membership for your mind.

Reverse mortgage resolution #2: Personal enrichment. Beyond what’s required to maintain your license, personal enrichment can include: 1) Delving (there’s that word again) into the intricacies of the reverse mortgage process. Read books, listen to audio programs and watch videos on sales and productivity that inspire and inform. 2) Mental wellness. What can you do this year to cultivate and maintain a positive outlook?

#3 Expand your network. The reverse mortgage industry is known for helping financially strapped seniors keep their homes, but there’s a huge, relatively untapped market of more affluent borrowers who may also be excellent reverse mortgage prospects.

Reverse mortgage resolution #3: Put a plan in place to reach out to certified financial planners (CFPs), financial advisors and other retirement experts to create win-win scenarios for their clientele.

#4 Look out for No. 1. There’s a reason airline emergency instructions exhort passengers traveling with small children, “Put your own oxygen mask on first.” By choosing to take good care of yourself and your business, you’ll have a healthy, balanced perspective to share with your reverse mortgage prospects and clients.

Reverse mortgage resolution #4: Reexamine time management. Are you making the highest and best use of your talents? Are you working as efficiently and effectively as you might be? Do you need to delegate, hire someone to handle paperwork, or move in a different direction with your business?

When you have smart New Year’s resolutions ready to activate January 1st, you can relax and enjoy truly happy holidays!

 

 

A humorous video on mortgage regulations: The Lender Blender

News Release:

Mortgage Cadence Brings a Sense of Humor to Mortgage Lending Best Practices
The Lender Blender Offers Some Comedic Relief in the Midst of Constant Regulatory Crackdowns.

Mortgage Cadence, Enterprise Lending SolutionsDecember 13, 2011 – Mortgage Cadence, LLC, a leading provider of Enterprise Lending Solutions (ELS), Default Servicing Technology and Document Services for the financial services industry, is excited to present a series of short films under the guise of “The Lender Blender” to the public. This series of shorts irreverently illustrates the dangers that come with mismanaged processes in the midst of an industry overhaul.

Contrary to the light-hearted nature of these films, Mortgage Cadence is a solution-oriented system that continuously seeks to help lenders increase their return on investment and bottom line while maintaining compliance. The film portrayals of disarray and lack of compliance serve as a magnifying glass on some of the issues facing lenders today. Mortgage Cadence’s technology platform helps lenders minimize risk through the use of advanced technology. The product suite is proven to increase employee productivity through the elimination of paper and the creation of custom data-driven workflows.

Along with a modern sense of humor, the videos strive to highlight the asset Mortgage Cadence can be for companies struggling with their lending processes. “The need for workflow automation to streamline processes and reduce risk is more important now than ever before,” stated John Levonick, chief legal and compliance officer for Mortgage Cadence. “Outdated processes and lack of compliance is unsuitable for a sustainable business where the risk of buybacks has never been greater. Despite the comedic nature of The Lender Blender, I hope it inspires lenders to reevaluate their lending practices to determine how they can increase efficiency while ensuring compliance.”

By offering seamless automated workflow that is not only efficient and dynamic but also comes with a team of dedicated legal resources and subject matter experts, Mortgage Cadence can take your business from merely surviving to thriving. Staying compliant with the most recent regulations can feel like an added pressure, which is precisely why we are dedicated to focusing on the rules so you can focus on growing your business. You can find the video series located at thelenderblender.com or http://www.youtube.com/thelenderblender.

About Mortgage Cadence, LLC
Mortgage Cadence is the leading provider of Enterprise Lending Solutions (“ELS”), which employ an extensive financial services data model wrapped with a native rules engine to deliver data-driven workflow automation tools to mortgage banks, lenders, service providers and servicers. Mortgage Cadence has developed enterprise solutions that integrate all functions and data elements required to optimize, manage and score lending performance. The mortgage industry is always shifting to meet demands and minimize risks. Mortgage Cadence’s flexible solutions continue to evolve to meet those needs. To learn more, please visit http://www.mortgagecadence.com.

Elsa Pollock
Marketing Coordinator
720.389.4611

Minimize Effort. Maximize Profitability.
Mortgage Cadence, LLC
www.mortgagecadence.com

At Mortgage Cadence we are committed to providing world-class customer service. If you would like to provide feedback on the service you received, I invite you to contact my manager at svolling@mortgagecadence.com

CFPB Regulations – Play by the same rules: Industry Leader Update

UPDATE: Here’s a link to another article on NMLS licensing & the SAFE Act by Richard Booth.

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Consumer Financial Protection Bureau Regulations

Consumer Financial Protection Bureau Regulations

Shouldn’t we all play by the same rules?

The Consumer Financial Protection Bureau (CFPB) says all mortgage originators should play by the same rules…even chartered banks. Why does it matter? What are the two different standards that exist today?

Watch this week’s video and post your opinion.

The Country of Surprise: New questions to ask

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Understanding Unexpected Later Life Shifts

It’s one thing to talk about aging looking forward; quite another to view it from within that mature skin. In How Did I Get to Be 70 When I’m 35 Inside? 70-year-old Linda Douty offers a delightful “new paradigm” roadmap for conscious aging, focusing on the landscape of surprise in seven stages: Surprises of the Self, Body, Relationships, and the Sacred; to Surprising Challenges, Gifts, and Wisdom.

The more than fifty elders she interviewed pulled no punches, yet their honesty conveys humor and acceptance, even joy, as people embrace the freedom to finally express the totality of who they are, without apology or restraint.

Understanding Reverse Mortgage Clients

Since many reverse mortgage professionals may be closer to 35 than to 70, Douty’s book offers a useful peek inside your prospects’ minds.

I especially enjoyed her take on how, as we age, we tend to experience weight gain and memory loss — along with a shrewd way to ameliorate this change: “Our culture seems much more obsessed with what we feed our bodies than what we feed our minds. How many calories? How much fiber? But our minds take ‘bites’ from a huge buffet of offerings — violent movies, TV sitcoms, trashy novels, idle gossip — all junk food for the brain. To retain any measure of hope and optimism, we must become aware of our own complicity in this junk-food diet.”

Then there’s the difference between knowledge and wisdom. One senior gentleman told her with a grin, “Knowledge is knowing that a tomato is a fruit; wisdom is not putting it in a fruit salad.”

To open a deeper dialogue with your reverse mortgage prospects, consider adapting one or more of Douty’s inquiries. The seniors you meet with will likely be happily surprised that their reverse mortgage professional is taking such a dedicated interest in their lives. Douty’s questions include:

1. What has surprised you most about aging?
2. What have you discovered about yourself that you didn’t know before?
3. How would you complete the sentence, “I’ve always wanted to …”
4. What has been your greatest challenge in growing older?
5. Your greatest joy?
6. How old do you feel inside?

Sooner or later, if we’re fortunate enough, we’ll all become residents in the country of surprise. This is your invitation to visit, and return with wisdom gained.