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Archive for December, 2011

Looking for a New Reverse Mortgage Job in 2012? Lenders are Hiring

December 21st, 2011  |  by Elizabeth  |  published in News, Reverse Mortgage

Reverse mortgage lenders are hiring new sales execs, servicing professionals and operations people, as they gear up for the new year in 2012. Check out opportunities from top-10 lenders as well as smaller, regional companies—all seeking new talent. For a complete list of jobs that are open, visit Reverse Mortgage Jobs Online. The list continues to [...]


AARP Survey Finds 90% of People 65+ Want to Stay in Their Homes

December 21st, 2011  |  by Alyssa  |  published in News, Reverse Mortgage

Unless there are significant changes in how communities are constructed and what services are offered, many older adults will find it increasingly difficult to live in their communities and may have to consider institutional care, says an AARP state survey on Aging in Place, and that’s why it’s important to enact state policies that encourage aging-in-place [...]


EquiPoint to Wind Down Reverse Mortgage Business

December 20th, 2011  |  by Elizabeth  |  published in News, Reverse Mortgage

EquiPoint Financial is winding down its reverse mortgage business at year-end, and its loan officers are seeking new opportunities, sources close to the company have told RMD. The San Diego-based company was acquired in October 2010 by insurance provider LTC Global, and has since operated a team of loan officers under the leadership of its [...]


Reverse Mortgage Leads Provider Sees Opportunity in Financial Assessment

December 20th, 2011  |  by Elizabeth  |  published in News, Reverse Mortgage

One reverse mortgage leads provider launched a new campaign last week that touts its ability to connect borrowers with lenders that have yet to implement a financial assessment that examines credit history and income. “Reverse Mortgage Lenders Direct is currently able to match seniors nationwide with reverse mortgage lenders who will not determine the loan [...]


RESPA Investigations Started Under HUD Could Still Be Active Under CFPB

December 20th, 2011  |  by Elizabeth  |  published in News, Reverse Mortgage

Some RESPA investigations opened by the Department of Housing and Urban Development may have been reassigned to the Consumer Financial Protection Bureau when its authority transferred to the new agency on July 21. For companies that previously had open investigations with HUD, it could mean those inquiries are still active, but the companies might not be [...]


Loan Officer Gets 41 Months, Must Pay $1.9 Million in Reverse Mortgage Scheme

December 20th, 2011  |  by Elizabeth  |  published in News, Reverse Mortgage

A loan officer was sentenced this week to 41 months in prison and was ordered to pay nearly $2 million in restitution for his part in a reverse mortgage scheme that bilked Genworth Financial Home Equity Access, the Federal Housing Administration and senior borrowers. John Incandela of Palm Beach, Florida, pled guilty in August in [...]


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