Industry & Member News
May 18, 2018
In addition to restoring Social Security’s long-term solvency, many policy experts support targeted changes to benefits for vulnerable groups, such as caregivers, widows, the very old, and low … more New Brief Discusses Social Security Benefit Reforms
May 18, 2018
President Trump this week nominated Michael Bright, the acting president and chief operating officer of Ginnie Mae, to head the agency full-time. Ginnie has been without a permanent … more President Nominates Michael Bright to Head Ginnie Mae
FHA Extends HECM Foreclosure Timelines for Hurricane-Impacted Areas of Puerto Rico and U.S. Virgin Islands
May 18, 2018
Due to extensive damage caused by Hurricane Maria in Puerto Rico and the U.S. Virgin Islands, the U.S. Department of Housing and Urban Development will extend foreclosure timelines … more FHA Extends HECM Foreclosure Timelines for Hurricane-Impacted Areas of Puerto Rico and U.S. Virgin Islands
May 11, 2018
A new Nationwide Retirement Institute survey found that nearly two in three (63 percent) future retirees admit they are not confident in their knowledge of Social Security. A … more Survey Finds Consumers Lack Understanding About Social Security Benefits
Reverse Mortgage Magazine, May-June 2018 Issue
Loan originators and business owners will find the May-June 2018 issue of NRMLA’s award-winning Reverse Mortgage magazine a helpful resource because it addresses two vital issues critical to any lender’s success: sales and training.
While many forward mortgage lenders struggle to succeed in the reverse mortgage business, Scott Harmes, reverse mortgage manager at C2 Financial in San Diego, has successfully implemented a training program for forward mortgage loan originators that has helped his company quadruple its production volumes.
John Luddy of Norcom Mortgage, based in Avon, CT, shared sales strategies that he has lived by for the past decade. “Explaining cost at the beginning, when a client is still a low information borrower, is a disaster,” wrote Luddy. “You need to find out which tooth hurts before you drill. Where does the shoe pinch?”
Become a Certified Reverse Mortgage Professional
One of our goals as an industry trade association is telling consumers with confidence, you can depend on a NRMLA member. Saying it is one thing; proving it is another. That is why NRMLA created the Certified Reverse Mortgage Professional (CRMP) designation.
In every industry, there are those individuals who strive to excel. They often do so by earning a credential that distinguishes them as being among the most knowledgeable, the most competent and the most ethical and professional.