The long-awaited reverse mortgage financial assessment’s implementation date is coming fast. As March 2 approaches, lenders and originators are preparing their teams for the new rule, which is sure to have a major impact on the reverse mortgage origination process.
Reverse mortgage volume ended 2014 on a high note, but 2015 looks to be a whole new ball game. How much impact to your business’s loan volume will the financial assessment have? Weigh in by answering below.
Written by Jason Oliva