The new HECM program may be more attractive to affluent senior home owners working with a financial advisor.
[ad#Take Charge America] Reverse Mortgages Helping Seniors Maintain Their Vitality Ellie Drake, a physician and the founder of BraveHeartWomen.com suggests older adults “Forget your age, be the sage!” She’s been meeting many women in their 50s, 60s and beyond who tell her they’re about to burst with an idea that is
The truth is this. Today’s Home Equity Conversion Mortgage will require a new breed of originators. To succeed, loan officers will need to become conversant with financial fact finding, requesting personal tax and financial documents and tracking the nuances required by the upcoming Financial Assessment.
7 Not So Secret Tips for Success… [vimeo id=”77179419″ width=”625″ height=”352″] By now most of you are familiar with the new HECM product, first year distribution limits, upfront MIP charges, etc. The question is on a broader level what can you do each day in position yourself and your reverse
Use these 10 minute activities in your workday and watch your production soar!
Has our industry become more similar to traditional lending? With product & regulation changes...
[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
In order to become a successful reverse mortgage loan originator you must start with the basics. Master the basic function of the Reverse Mortgage loan origination process, including filling out the loan application; Understanding basic retirement planning; social security income; senior’s typical needs and goals; and what questions to ask