Congrats on making it to another Friday. The weekend is in sight, but before you go, here’s what happened in reverse mortgage news this week:
AAG Names Tom Selleck as New Reverse Mortgage Spokesman—This week American Advisors Group (AAG) announced it chose Emmy and Golden Globe award-winning actor and star on the CBS hit series “Blue Bloods,” Tom Selleck as the company’s newest reverse mortgage spokesman. Together with Selleck, AAG plans to continue to focus its efforts on educating older Americans, their family members and caregivers about reverse mortgages.
Top-10 Lender Brings Reverse Mortgage Education to Capitol Hill— One top-10 industry lender took its education efforts straight to the nation’s capital this week. With the aid of several reverse mortgage originators, the lines of communication between financial advisors and other senior service professionals are being opened even further to raise awareness of the importance of home equity in retirement planning.
How Networking Helps Reverse Mortgage Pros Boost Referrals— At any level in the reverse mortgage industry, networking with those outside of the industry is key. Two experts in the industry, Monte Howard from C2 Financial Corporation and CEO, John Button from ReverseVision, gave their tips and tricks on boosting referrals and spreading their wealth of education to those unfamiliar with reverse mortgages.
Former Skeptics, These Financial Planners Now Accept Reverse Mortgages— The reverse mortgage product has been through a number of changes in the last few years and these updates are changing the minds of financial planners who used to be quite skeptical of the product. They are now realizing the benefits to using a reverse mortgage and educating their clients about them.
Kevin Blakeney Joins Reverse Mortgage Solutions as SVP of Sales—Reverse Mortgage Solutions, Inc./Security 1 Lending has hired industry veteran, Kevin Blakeney, as their senior vice president of sales, consumer direct/distributed retail. Previously, Blakeney served as the SVP of the national sales team at American Advisors Group.
Written by Alana Stramowski