[vimeo id=”28432975″ width=”601″ height=”338″] Remaining lenders are seeing something they’ve always wanted… an increase in referral phone calls from non-reverse banks and financial professionals. Many of these referrers had sent their clients to Wells Fargo & Bank of America based on their well known brand and geographic convenience. Today reverse
[vimeo id=”28431641″ width=”601″ height=”338″] We may feel we are on the ropes, but there are some things worth fighting for as reverse mortgage professionals. Our rights as originators: Fairness in regulation (NMLS renewal) To be included in regulatory discussion To be treated as a professional not a predator by lawmakers
[vimeo id=”28175743″ width=”601″ height=”338″] NMLS license renewals may get dicey for reverse originators with challenged credit history If the last few years have taught us anything it’s that mortgage and financial professionals suffered financially with other Americans due to the housing and economic crash. This leaves many qualified reverse originators
[vimeo id=”28166015″ width=”601″ height=”338″] 1. Identify Your Wants and Desires If you don’t know where you are going, you will probably end up somewhere else. – Lawrence J. Peter List your desires both professionally (originations , income) & personal 2. Determine Your Motivation Why do you want to work as
[vimeo id=”27885377″ width=”601″ height=”338″] An online consumer watchdog group is asking the CFPB (Consumer Financial Protection Bureau) to restrict and further regulate online ads that utilize “behavioral modeling”. Are ads that are targeted to specific online consumer deceptive or abusive in themselves?
Update: Today FHA Released Mortgagee Letter Keeping Lending Limits in place through 2011 [vimeo id=”27918788″ width=”601″ height=”338″] October 1 is the day we will all learn what FHA reverse mortgage lending limits will be. Will we see them rolled back to