Now What?!

by Shannon Hicks
| One Comment
| September 13, 2013

9 Ways to Prepare Your Business for the New HECM Program
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Now that the old HECM is effectively gone what can we do to protect and grow our business? Here are nine valuable strategies you can begin working today!

#1 Don’t mention the OLD HECM program! It’s nearly impossible to get an FHA case # assigned before the cutoff so why sour them on something that’s gone? HECM counseling agencies are overwhelmed with those trying to make the cutoff and any borrowers who apply hoping to make it are most likely to cancel if disappointed.

#2 Relook your current LTV (loan to value) for outstanding lead orders…

Many reverse mortgage news outlets have…

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.