If you ever need me, feel free to call on me. My E-Mail address is: john.aaxareverse@gmail.com.

I agree with you, it is nice to talk to others in our industry. Cheerleading always helps. You have a great day Mia.

Best regards,

John A. Smaldone

Thanks so much for the support. It is so nice to get to talk to others in the industry for guidance, ideas, and a little bit of “cheerleading!”

Talk to you all soon.

I want to thank you very much, I appreciate you for that. I think we should be proud of all of us who take a stance. People like you have shown the compassion and interest to get involved, I am proud of you as well.

Best regards,

John A. Smaldone

I understand the frustration you are going through. We should not have to put our seniors and ourselves through this.

I know what you mean about the doc’s expiring. Lorraine Zickefoose had to take her counseling over again, I wound up paying for it. The appraisal is good until the end of June, I hope to close it before than.

Mia, you are doing a wonderful thing for your borrower. If everything works out the way it should, you will feel within your Heart an experience you could not buy with money. I am proud of you, keep fighting on, you will win. Keep me posted and I will do the same.

Best regards,

John A. Smaldone

I understand your concern. Perhaps I was not clear enough. I am recommending to other Reverse Mortgage Originators to call on Loan Modification companies as a source to GET referrals.

I currently work with three modification companies and RECEIVE referrals from them. That is how I have 42 of these types of transactions going right now. When I come across a Senior in need of these services, I give them all three companies for them to check out their services.

It is clear to me that we can accomplish a great deal of good for Seniors when we work in tandum with modification companies and still do the volume that allows us to stay in business.

As for “scratching backs” – I try to reserve the body rubs for my wife. I found its safer to stick with her than to scratch strangers.

In principle what you suggest is right on point; however, it lacks significant protection to the reverse mortgage originator. Unless an originator is mandated by an employer to use only one source, originators who only recommend one attorney, CPA, CFP, annuity provider, loan mod entity, etc. not only look unprofessional but could have indirect liability for the actions of the “professionals” to whom they “steered” their customers.

I know there is “I scratch your back, you scratch mine” principle in networking; however, it is a dangerous principle to follow in our industry.

Thanks for the response. My client did write a letter to let Chase know that I will be negotiating for him and it was just assigned to someone in the short payoff department. That only took about 4 months and me re-faxing the same material 5 times over because it gets mysteriously lost each time.By time this ever does get approved all of our documents will have expired. I am taking a huge cut in my commission and I got the attorney to do it for next to nothing. Will be very happy when I know that it is done and he hasn’t lost his house!