NRMLA has developed a comparison chart to help members differentiate proprietary reverse mortgages offered by Finance of America Reverse, Reverse Mortgage Funding LLC, Longbridge Financial and One Reverse … more Proprietary Reverse Mortgage Comparison Chart
Resources
Member Spotlight: Harlan Accola, CRMP, Discusses Fairway’s Success With Reverse Mortgages
Four years ago, Harlan Accola, CRMP, convinced one of the nation’s largest forward mortgage companies, Fairway Independent Mortgage Corporation, based in Madison, WI, to start offering reverse mortgages. … more Member Spotlight: Harlan Accola, CRMP, Discusses Fairway’s Success With Reverse Mortgages
CFPB: 36 Percent of Elder Financial Scams Committed by Family and Friends
While 51 percent of financial elder abuse cases involve strangers, approximately 36 percent are committed by people the victim knows and the average loss tends to be higher … more CFPB: 36 Percent of Elder Financial Scams Committed by Family and Friends
FHA Issues Policy Guidance on Use of Third Party Verification Services
The Federal Housing Administration published Mortgagee Letter (ML) 2019-01:Third Party Verification Services, which provides guidance for the use of Third Party Verification (TPV) services as an alternative for verifying … more FHA Issues Policy Guidance on Use of Third Party Verification Services
Member Spotlight: CRMP David Heilman Discusses Becoming a Small Business Owner and Its Challenges
David Heilman has originated reverse mortgages exclusively since 2007. He was recruited into the business by former NRMLA Board member Paul Franklin, who owned a small business in … more Member Spotlight: CRMP David Heilman Discusses Becoming a Small Business Owner and Its Challenges
NRMLA’s Peter Bell Interviewed on Aging Matters Radio Program
NRMLA President and CEO Peter Bell was interviewed this week during the AGING MATTERS radio program broadcast live on FM station WERA 96.7 based in Arlington, VA, to … more NRMLA’s Peter Bell Interviewed on Aging Matters Radio Program
Member Spotlight: 17 Years. 700 Loans. CRMP Bruce Simmons Shares His Success Story
Bruce Simmons, CRMP, has originated reverse mortgages exclusively since 2003 and closed well over 700 loans. Simmons got his start at Wells Fargo but since September 2011, he … more Member Spotlight: 17 Years. 700 Loans. CRMP Bruce Simmons Shares His Success Story
What You Need to Know About Your HECM After Closing
The National Reverse Mortgage Lenders Association created, “What You Need to Know About Your HECM After Closing” to answer questions reverse mortgage loan borrowers, and their heirs, may … more What You Need to Know About Your HECM After Closing
What Do I Do When My Loan is Due?
The National Reverse Mortgage Lenders Association created, “What Do I Do When My Loan is Due?,” to walk reverse mortgage loan borrowers and their families through the end … more What Do I Do When My Loan is Due?
Breaking News: FHA Increases HECM Lending Limit to $726,525
Beginning January 1, 2019 through December 31, 2019, the national lending limit for Home Equity Conversion Mortgages will increase to $726,525 from $679,650. Details were just announced in … more Breaking News: FHA Increases HECM Lending Limit to $726,525