Sponsored Webinar: New Way For Reverse Mortgage Companies to Increase Cash Flow

imageWith higher loan limits and new opportunities like the HECM for purchase, there is no reason why you shouldn’t be marketing your business.  As we all know, reverse mortgages can take some time to close and this can hurt your ability to market these new enhancements to your customers.  Not anymore…

eCommission® can show you how to instantly access the credit locked-up in your company’s pending loan pipeline through an innovative, new service called Reverse Mortgage Commission Advance.

On Tuesday, April 14th at 2:00 pm eastern time, the eCommission webinar will show you how to:

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  1. Discover the unique benefits of advancing your company’s pending commission pipeline compared to using traditional forms of credit.
  2. Jump inside the commission advance process and learn how easy it is to access the cash flow you need.
  3. Hear how other reverse mortgage lenders are using utilizing advance proceeds to maximize marketing efforts.

Only a few more spots remain, Sign Up!

Speaker Bio: Sean Whaling is President and Co-Founder of eCommission Financial Services, Inc., the nation’s leading supplier of commission financing solutions to the real estate and mortgage industries. Sean has been passionately involved in the business dating back to its origins in Canada in 1993. He is a commission financing expert and has been a featured convention speaker on the subject of commission based compensation and cash flow. He can be reached at 877-882-4368, ext. 866 or emailsean.whaling@ecommission.com or online at http://www.ecommission.com

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  • This sounds like a twist on the practice called “factoring”, which is essentially payday lending for a business: getting a short-term loan secured by your “accounts receivable”.

    If so, the advantage is an increased cash flow now. The downside is getting addicted to the cash flow now instead of next month while you’re running up some financing costs.

    Many businesses use factoring so that they can increase their spending to create growth. If it works well and soon, great. If business just increases slightly, stays the same, or drops, you are worse off by a corresponding degree, and you now have a more difficult period of adjustment back to using current cash flow.

    Do some good homework for your plan first, so you reduce the chances of experiencing what Countrywide and IndyMac learned about the dark side of leverage.

  • Bill,

    Great comment. Factoring is exactly what it is! If you want to pay the price for immediate gratification jump on board. On the other hand if you have a consistent pipline and your income stream is coming in monthly why would you want to give up a piece of the pie?

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