Senior Lending Network announced the launch of its HECM for Home Purchase program, which allows senior homeowners to use proceeds from a reverse mortgage to purchase a new primary residence. "In conjunction with more and more baby boomers turning 62, today’s unpredictable economy, and seniors wishing to manage and maintain a comfortable quality of life, [...]

Value Financial Services announced that it launched Virtual RMS, a special web portal for its reverse mortgage originators.  The portal allows originators to access calculators, marketing, training, printing materials, as well as news feeds from websites like yours truly.  Virtual RMS was designed and implemented by Andrew Milks, Value’s AVP of Marketing and training to [...]

A new hearing in California is scheduled for April 29th to discuss a bill introduced by Senator Lois Wolk to establish reverse mortgage suitability standards.  Introduced in February, SB 660 would require that lenders, brokers, or others who recommend the purchase of a reverse mortgage have objective and reasonable grounds for believing that a reverse [...]

One of the more exciting things of 2009 is seeing new companies move up the ranks of top reverse mortgage lenders.  Over the next few months I’ll do some short interviews with different companies whose volume continues to grow but might not be as well known as the typical names you see in our top [...]

Reverse Mortgage Daily and Monte Rose are pleased to present another free reverse mortgage training session where Monte will show you How to Build a Prospecting Process that creates a Productivity Baseline on Wed May 6 at 12pm (EST).  Do you currently receive 2, 3, or 4 transactions each month your referral stable? Would you [...]

Lately the news coming out of Financial Freedom hasn’t been positive, but yesterday the company announced it was rolling out its new web based RMA software.  They will be decommissioning the traditional desktop RMA on 5/31/09, said a company statement. Some of what Financial Freedom calls “salient” features of its web-based RMA are: