The National Reverse Mortgage Lenders Association has embarked on the “soft launch” of a new consumer-facing website that will serve as a resource for reverse mortgage borrowers as well as lenders. Launched as part of a new consumer campaign coined “Borrow with Confidence,” the new site, www.reversemortgage.org provides in-depth resources for borrowers who are considering [...]

Some originators raised questions during an industry webinar last week as to how much qualifying is actually necessary in the process for underwriting reverse mortgage borrowers for property charges. Under guidance from the National Reverse Mortgage Lenders Association regarding the new financial assessment, it’s important to qualify the borrower, but not overcomplicate the process, the association [...]

New industry leaders have been selected to chair and serve on the National Reverse Mortgage Lenders Association board for the coming year, including several NRMLA veterans. NRMLA made the announcements during its annual national convention, which took place October 24-26 in Boston. Co-chairing the board for the 2011-2012 year are Sarah Hulbert retail business development [...]

Drawing more than 500 attendees from across the country, the National Reverse Mortgage Lenders Association annual meeting and expo that took place this week in Boston presented timely topics, access to policymakers and an important decision: the industry trade group has advised its members of recommended guidance on light underwriting for tax and insurance on [...]

As a consumer-facing resource to help reverse mortgage borrowers as well as lenders throughout the industry, the National Reverse Mortgage Lenders Association has announced the launch of a communications campaign including new messaging and marketing materials through its website and in print. “For those of you who are tired about reading misperceptions…we have a tool [...]

The 31-member board of directors of the National Reverse Mortgage Lenders Association and its special financial assessment task force today approved and published guidance on limited underwriting for property charges for HECM lenders. “NRMLA members are encouraged, but are not required, to follow NRMLA guidance including this guidance of limited underwriting of property charges,” said [...]