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
Finance of America Reverse this week introduced HomeSafe® Second, the first-ever second lien reverse mortgage and the latest addition to its proprietary HomeSafe suite of products. In an … more A New Proprietary Product Option for Your Reverse Mortgage Clients
A new advertorial from NRMLA, “Today’s Reverse Mortgages: Flexible, With a Lot of Built-in Protection” will appear in the October 2017 issue of Kiplinger’s Personal Finance magazine, a … more NRMLA Answers Top Reverse Mortgage Questions in Kiplinger’s
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.
Consider for a moment the following ethical scenarios and how you would respond.
Discover why you should be originating reverse mortgages.
Saying no is seldom easy, even if a situation warrants it. In the mortgage sector, that scenario plays out when lenders advise seniors who are banking on reverse mortgages to solve their financial problems that they should pass on a deal or say that it can’t be done at all.
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.
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.