ethics

Loan Payout Manipulation

Shannon Hicks
[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

Worth fighting for: Friday’s Food for Thought

Shannon Hicks
[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

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