Since it’s creation in 1989 our product has withstood multiple recessions, boom and bust real estate markets, five presidents and stock market crashes. Consumers and their confidence in the HECM and the lenders that serve them.
Continue readingSurvivors Club & MetLife Exit
Insecurity & opportunity remain after MetLife’s departure. The Survivors Club remains. What is the secret to staying focused and being positioned to thrive in an uncertain market?
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 readingMusical chairs: November Top 100 HECM Lenders
It is the strangest thing to the former reverse giant Wells Fargo’s HECM endorsements drop their Rank from #2 lender to #24 this month. Genworth made
Continue readingOctober 2011 Top 100 Lenders Report
*** HERE’S LINK TO OCTOBER REPORT DUE TO BAD LINK. ***
Our email generated wrong hyperlink.
Download the October Top 100 HECM Lenders Report Here
While Wells Fargo’s trailing HECM endorsements remain in the system, we are beginning to see a pattern in the top 10 HECM lenders in recent months. Even if we experience lower endorsement volume industry-wide for fiscal year 2012 the top players will most likely see tremendous gains in endorsements as market opportunities are seized upon.
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Small town economics in Reverseville
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Opportunity in Reverseville:
To learn more about marketing to banks and credit unions join our free webinar Wednesday October 5th at 10am.
You can also get more information and great videos at RM Bank Blueprint here.
Lenders 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.
Race for market share
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It’s nothing to gloat about. Quite frankly it came as a shock when Wells Fargo promptly exited stage right from the reverse mortgage business, especially for their employees. Two major banks departing is not a sign that the proverbial ship is sinking, nor are the remaining players Continue reading
Wells: Historic player exits reverse mortgages
Opportunity or omen? Wells Fargo exit from reverse mortgage sends shockwaves across the industry. Just what does it mean and what was Wells historic role in establishing reverse mortgages?
Continue readingFriday’s Food for Thought: Opportunity or Omen?
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Wells Fargo is leaving the Reverse Mortgage Business. Is this an opportunity or an omen of things to come in the Reverse Mortgage Industry?
