Sept/Oct 2021 Reverse Mortgage Magazine

IF YOU THOUGHT it was complex navigating the rules for originating a reverse mortgage, then try figuring out how they mesh with the complex maze of regulations surrounding the financial services industry. “There are a lot of nuances,” says Jim Milano, an attorney at the law firm Weiner Brodsky Kider in Washington, DC. “Things continue to evolve in the financial planner world and, because of that, sometimes the rules can be murky on that side of the aisle.” Shelley Giordano, head of enterprise integration at Mutual of Omaha Mortgage, couldn’t agree more, pointing out that financial planners deal with several regulatory bod- ies, various industry professional designations with specific guiding principles and compensation systems that change based on how clients interact with professionals. Financial Planner Opportunities Experts: Path Is Bumpy, but Ride Is Worth It By Thomas A. Barstow Jim Milano 26 REVERSE MORTGAGE / SEPTEMBER-OCTOBER 2021