In case you missed it… here’s what happened in reverse mortgage news this week.
Security One hired 130 former MetLife LOs, doubling its sales force. The new retail employees comprise 70% of MetLife’s top performing sales force, the company said Tuesday, in addition to the recent hires of five regional managers and sales representatives and a new executive vice president.
A Reverse Market Insight study pointed to new marketing questions. In light of the top-10 cities for reverse mortgages and their demographics, RMI pointed to the trends it sees in a report this week.
Urban Financial Group hired four former MetLife reverse employees. Three wholesale account executives Kevin Lee, Don Ragan and Mike Suits will help boost Urban’s central U.S. wholesale operations and trainer Lorraine Geraci, who formerly worked for MetLife on its reverse mortgage team, have joined the company.
NCOA listed 8 reverse mortgage myths…and debunked them. The National Council on Aging listed myths from what people use reverse mortgages for to what happens to the home when the borrower passes away. Check out the list of myths and truths here.
A national accounting journal said: The best time for reverses may be now. The publication, The Journal of Accountancy, is read by 350,000 members nationwide. Read more here.
Written by Elizabeth Ecker