NRMEC Shuts Down, Puts Assets Up For Sale

image The National Reverse Mortgage Education Center announced it will be closing down and is putting its assets up for sale.  Founded in 2004, NRMEC was designed to serve professionals and lenders by providing reverse mortgage educational products and services. 

“I’ve enjoyed a very rewarding 20-year career helping seniors and professionals with the reverse mortgage program, but I feel it’s now time for me to move in a new direction,” said Lyn R. Link,founder and president of NRMEC.

“Therefore, we are making the business, its assets, our extensive database, and a special offer on our very popular marketing publication available for sale until January 22, 2010.”

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According to NRMEC, the database is being sold “as is” and contains 9,373 contacts.  Interested buyers can purchase the database for $750.  Interested parties can also purchase the business name, logo, and domains. 

“We wish to thank all of our sponsors, customers, and good friends who have supported and believed in what we were trying to accomplish with NRMEC,” Link said.

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  • What does it say about our growing industry when one of the very few companies “designed to serve professionals and lenders by providing reverse mortgage educational products and services” can't make it.

    I hope it's a reflection of a flaw in NRMEC's particular business model (I bought their manual – very helpful) and not our indifference to improving ourselves.

  • We'll see more of this. Casualties of the over-hyped “booming” and “exploding” reverse mortgage business (I'm not suggesting that NRMEC did the hyping).

  • What does it say about our growing industry when one of the very few companies “designed to serve professionals and lenders by providing reverse mortgage educational products and services” can’t make it. rnrnI hope it’s a reflection of a flaw in NRMEC’s particular business model (I bought their manual – very helpful) and not our indifference to improving ourselves.

  • Thank you for all the good wishes.

    I love the reverse mortgage industry and I will miss it and all the associations and friends I've made greatly.

    Best of luck to all of you,

    Lyn R. Link

  • We’ll see more of this. Casualties of the over-hyped “booming” and “exploding” reverse mortgage business (I’m not suggesting that NRMEC did the hyping).

  • Yes, Lyn Link is one the most knowledgeable members of the reverse mortgage community.His exit from the industry does not bode well for the future of the product.

  • Thank you for all the good wishes.rnrnI love the reverse mortgage industry and I will miss it and all the associations and friends I’ve made greatly.rnrnBest of luck to all of you,rnrnLyn R. Linkrnrn

  • Yes, Lyn Link is one the most knowledgeable members of the reverse mortgage community.His exit from the industry does not bode well for the future of the product.

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