Softening resistance to the reverse mortgage begins here…
Continue readingPreparing the fields before harvest
The Source of HECM Reluctance?
This may be the primary force behind reverse mortgage reluctance…
Continue readingBank Exits & Market Recovery
Industry volume is down 27% in the wake of big bank exits. How can we regain marketshare and where do opportunities lie? How do we rebuild trusted brands and lost distribution networks?
Continue readingLenders see business uptick in wake of big bank exits: Industry Leader Update
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Remaining lenders are seeing something they’ve always wanted…
an increase in referral phone calls from non-reverse banks and financial professionals. Many of these referrers had sent their clients to Wells Fargo & Bank of America based on their well known brand and geographic convenience. Today reverse mortgage originators have a unique opportunity to step in and provide an attractive solution for senior service providers. Many lenders are already seeing the phone ring from those who had referred to Wells & B of A in the past looking to remaining lenders.
