Getting Started in Reverse Mortgages

Discover why you should be originating reverse mortgages.

This section provides information on the various business options for delivering reverse mortgages to an investor.

NRMLA is pleased to introduce our new “digital assets” web page on NRMLAOnline.org featuring audio recordings from past NRMLA meetings and the Learn While-U-Lunch program available for purchase and download.

Reverse mortgages have significant federal (and state) income and estate tax implications. This article focuses on only one of the possible federal income tax categories of deductible interest, home mortgage interest.

Consider for a moment the following ethical scenarios and how you would respond.

CPA Jim Veale says reverse mortgages have significant federal (and state) income and estate tax implications.

We provide the basic facts that every loan officer should know.

Are you looking to expand your reverse mortgage staff? If so, you should know the qualities and personality traits to look for in a successful reverse mortgage originator.

In this section, we posted a sample loan package for the FHA Home Equity Conversion Mortgage program

NRMLA President Peter Bell told over 800 attendees at the group’s annual conference in San Francisco that quality and integrity are essential to the continued growth of the reverse mortgage industry.

One of the challenges of being a loan officer is making sure a client fully understands how the reverse mortgages works and what the different disclosures discussed at application and closing mean.

If your career as a mortgage loan officer has focused primarily on originating conventional or "subprime" mortgages, and you are now transitioning to reverse mortgages, there are several things to consider as you meet with prospective clients.

While most lenders rely initially on their wholesale sponsor to handle production duties, an increasing number of correspondents who have been in the business for several years, and achieved a level of expertise with reverse mortgages, are exploring options that will allow them to assume greater responsibility and control.