HECM sales present opportunities to respond with virtue “Summum Bonum” “Summum Bonum”. The highest good was a phrase Rome’s famed orator Cicero was inclined to recite before his audiences. The greatest good or the sum of all that benefits your fellow man/woman. It’s a phase every HECM (reverse mortgage) professional
[vimeo id=”166443901″ width=”625″ height=”352″] NRMLA Issues Ethics Advisory on Planned Prepayment HECM Loans It’s not often discussed or quite frankly on the radar of most reverse mortgage professionals, structuring HECM loans for higher initial payouts followed by an immediate pay-down. It’s a tricky strategy that is unfortunately employed by a
Lance Armstrong’s recent admissions of cheating the system by using performance enhancing drugs reminds us how one can lose their way in pursuit of their career...
[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