May/June 2022 Reverse Mortgage Magazine

From the Top Clay Selland, CRMP, President, Signet Reverse Mortgage By Darryl Hicks 12 Those We Help Reverse Mortgages Help Parents, Then Son By Darryl Hicks 32 Features 20 Understanding the Older Americans Act Experts: Loan officers should know how act affects clients By Joel Berg 24 Saving Increases Nationwide Experts explain how reverse mortgages fit into saving trends By Thomas A. Barstow 28 Funding Healthcare Costs Reverse mortgages can cover health-related costs By Thomas A. Barstow Columns 3 In Reverse Help for older Americans comes in many forms By Thomas A. Barstow 5 Steve Irwin: Moving Forward Older Americans Month prompts review of strategic imperatives 6 Board Room Our industry serves a noble purpose By Alex Pistone Departments 2 Scribes Meet this month’s contributors 8 What’s News Get up to date on the industry, the press and Washington, D.C. 34 Member News/Who’s Who in Reverse 36 Numbers Pew Research Center: Pandemic prompts retirements May-June 2022 Volume 15, No. 3 Contents PUBLISHER Peter Bell pbell@dworbell.com SENIOR EDITOR Thomas A. Barstow thomas.barstow@theYGSgroup.com ASSOCIATE EDITOR Darryl Hicks dhicks@dworbell.com MANAGING EDITORS Sam Hoffmeister samuel.hoffmeister@theYGSgroup.com Julia Berley julia.berley@theYGSgroup.com MANAGING EDITOR, DWORBELL, INC. Jessica Hoefer PRESIDENT Stephen Irwin NRMLA EXECUTIVE COMMITTEE CO-CHAIRS Scott Norman, Finance of America Reverse Michael Kent, PHH Mortgage Corp. dba Liberty Reverse Mortgage DESIGNER Emily Graf ADVERTISING SALES Natalie Matter Bellis natalie.matterbellis@theYGSgroup.com Reverse Mortgage is the official publication of the National Reverse Mortgage Lenders Association. The magazine is published every two months. For inquiries regarding association membership and/or magazine subscriptions, please call Darryl Hicks at 202-939-1784. Advertising and editorial inquiries should be directed to Megan Brodbeck (megan.brodbeck@ theYGSgroup.com) and Sam Hoffmeister (samuel.hoffmeister@theYGSgroup.com), respectively. Association & Subscription Contact: National Reverse Mortgage Lenders Association 1400 16th St., NW, Suite 420 Washington, DC 20036 202-939-1760 lross@dworbell.com Industry: www.nrmlaonline.org Consumers: www.reversemortgage.org Advertising & Editorial Contact: National Reverse Mortgage Lenders Association 1400 16th St., NW, Suite 420 Washington, DC 20036 202-939-1760 ©2021 National Reverse Mortgage Lenders Association CRMP: Across the Kitchen Table A Chat With Ellen Skaggs, Reverse National Production Manager, New American Funding By M. Diane McCormick 16

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