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[vimeo id=”43637889″ width=”625″ height=”352″]
The Reverse Fortunes interview with Erik Richard of Landmark Network (AMC) sheds light on appraisal management, home values and more… Watch the video for more details.
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Editor in Chief: HECMWorld.com
As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.
Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.
1 Comment
The biggest problem with intermediaries is with the method of communication. Vocal interaction many times can get to the root of the issue must quicker and more effectively than written, voice recorded, or even video. An intermediary at its best is just that.
The problem with Landmark and all other AMCs is that they are not independent or unbiased intermediaries. They are in fact managing supervisors are predominantly looking out for deficiencies not more appropriate valuations.
Landmark may be OK but the system itself is so overly bureaucratic that it harms more than it helps seniors, the actual paying consumer. As to managing their own businesses, they are fine but as to providing the highest and best appraisal services, that is totally a matter of chance. In highly and sparsely populated areas, the odds of obtaining a good appraisal from a competent appraiser are no better than rolling the dice in Vegas. Despite scores of conventions at the casinos, no one has been able to convince me to “roll the dice” or “pull the lever;” it just ain’t gonna happen — except when it comes to AMCs “where I just ain’t got no choice.”