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This video covers some practical ways you can stand apart from your competition and also increase your sales this holiday season. Gratitude does attract more loans.
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While Wells Fargo’s trailing HECM endorsements remain in the system, we are beginning to see a pattern in the top 10 HECM lenders in recent months. Even if we experience lower endorsement volume industry-wide for fiscal year 2012 the top players will most likely see tremendous gains in endorsements as market opportunities are seized upon.
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*** HERE’S LINK TO OCTOBER REPORT DUE TO BAD LINK. ***
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While Wells Fargo’s trailing HECM endorsements remain in the system, we are beginning to see a pattern in the top 10 HECM lenders in recent months. Even if we experience lower endorsement volume industry-wide for fiscal year 2012 the top players will most likely see tremendous gains in endorsements as market opportunities are seized upon.
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In this week’s episode I interviewed NRMLA President Peter Bell during the annual meeting in Boston. He shares his outlook and vision for our industry and upcoming changes for the reverse mortgage industry.
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A recap of the annual meeting in Boston provided an optimistic mood of the state of the reverse mortgage industry.
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The lackluster condition of of the Mutual Mortgage Insurance fund in fiscal year 2010 lead to some sweeping changes which included a reduction of principal limit factors, an increase of ongoing FHA insurance and the introduction of the Saver.
What changes can we anticipate when the insurance fund’s actuarial report is released this November if any? The housing market aside there are factors that have improved the overall financial health of this fund which backs federally-insured reverse mortgages.
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1. What can I learn from this?
2. What could I have done differently?
3. Do I need to acquire or improve some skills?
4. Who can I learn from?
5. What will I do next?
