Nov/Dec 2023 RMM

From the Top Desmond Lenz, Director, American Pacific Reverse Mortgage Group By Darryl Hicks 10 Those We Help Reverse mortgage helps couple downsize By Darryl Hicks 33 November/December 2023 Volume 16, No. 6 Contents CRMP: Across the Kitchen Table A chat with Nan Glauser, CRMP, Loan Officer, Sun American Mortgage, Mesa, AZ By M. Diane McCormick 14 Features 18 Adapting: Companies Regroup, Part 1 Observers see opportunities for 2024 By Joel Berg 24 Adapting: Companies Regroup, Part 2 Lenders responded to challenges created in 2023 By Joel Berg 28 Appraisal Bias: NRMLA Attorneys Say Developments Require Your Attention Advisers stress that lenders must be proactive with bias policies By Thomas A. Barstow Columns 3 In Reverse Appraisal issues are just one part of a year of adapting By Thomas A. Barstow 5 Steve Irwin: Moving Forward Reinvention is one way to look at change 6 Servicing Corner What is all the fuss about occupancy? Departments 2 Scribes Meet this month’s contributors 7 Hey, Members A roundup of issues and news for NRMLA members 34 Member News Who’s who in reverse mortgages 36 Numbers Report assesses whether people are prepared for retirement PUBLISHER Peter Bell pbell@dworbell.com SENIOR EDITOR Thomas A. Barstow thomas.barstow@theYGSgroup.com ASSOCIATE EDITOR Darryl Hicks dhicks@dworbell.com MANAGING EDITOR Therese Umerlik therese.umerlik@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 Christel Emenheiser 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 Natalie Matter Bellis (natalie.matterbellis@ theYGSgroup.com) and Therese Umerlik (therese.umerlik@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 ©2023 National Reverse Mortgage Lenders Association

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