Where Do We Go from Here?

by Shannon Hicks
| 3 Comments
| April 14, 2014

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A Look at Diversification in a Challenging Marketplace

American author, poet and philosopher Henry David Thoreau said “However mean your life is, meet it and live it.”. For many reverse mortgage professionals these may feel like mean times. Fewer qualified borrowers, reduced lending ratios, more regulations and the upcoming Financial Assessment. What I admire in Thoreau’s quote is the stubborn, rebellious refusal to give up and face adversity head on. That sounds great in theory but what practical steps can we take to weather the current winds of change in the HECM industry? First, a little perspective. While our industry as a whole is seeking to reshape its public image through new initiatives we cannot afford to stand by idly and wait. Each of us must look at how we can improve, prepare and adjust today. First is diversification…

Download the video transcript here.

Looking for more reverse mortgage news, technology & training? Visit Reverse Focus here today.

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.

3 Comments

glenn main
April 14, 2014 at 9:16 am
I would like to subscribe
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- Shannon HicksModerator
  April 14, 2014 at 9:55 am
  Glenn,
  
  Please email us directly at info@reversefocus.com if you would like us to add you to our email distribution list. Thanks again!
  
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The_Cynic
April 14, 2014 at 5:44 pm
For most of us, there is a need to shift emphasis. The changes we have experienced have greatly diminished the opportunities we experienced in the past.

Shannon, hit it on the head by suggesting the two areas where he sees growth but do not assume the road will be easy. H4P originations have been and continue to be overrated. Few have experienced growth in that area.

Despite our collective experiences, we need to continue our marketing patterns while finding new avenues of likely success based on what one industry marketing expert claims is “our true north.”
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