Reverse Mortgage Training with Monte Rose

I am delighted to host the March RMDaily Training Session. If you’re finding it difficult to maintain altitude in your business, I have some suggestions that will not only allow you to Survive, but Thrive. The clutter and noise in the reverse space demands a more insight driven approach to business development. This month’s training […]

Lender Lead Solutions Updates Simple60

Lender Lead Solutions released their Simple60 product last year in October and at first I didn’t really understand the product. Originally I was comparing it to the HECM in terms of how much money the borrower is able to receive and the HECM will always give the borrower more money. The Simple60 is a product […]

Thanks To Our Sponsors

Just a quick post to say “thank you” to our sponsors who make Reverse Mortgage Daily possible. If you enjoy RMD, please consider supporting these companies! 1st Reverse Financial Services – 1st Reverse Financial Services offers a complete Wholesale Correspondent Lending Program, featuring a wide assortment of Reverse Mortgage Products including the Fixed4Life™ Fixed Rate […]

Reverse Mortgage News Headlines

A few reverse mortgage news headlines from the week: Slump slows swell in reverse mortgages (InBusinessLasVegas) Bill contains valuable updates to FHA’s reverse mortgage program (Newsday) Reverse mortgages provide more seniors with a safety net (LATimes.com) Have a great weekend! Technorati Tags: Reverse Mortgage,Reverse Mortgage News,FHA,HUD,News

Payday Lending For Seniors

Last week, the Wall Street Journal had an interesting article about seniors using payday lenders to make ends meet. Generally payday lenders require someone to have an incoming paycheck but with seniors they are using their social security benefits to secure the loans. “These people always get paid, rain or shine,” says William Harrod, a […]

LIBOR Reverse Mortgage Margins Disappearing?

We’ve already seen this happen with reverse mortgage products that are based on the CMT.  Lenders release HECM products with lower margins to compete and eventually the lower margins start to disappear because of market conditions. Lender Lead Solutions was the first reverse mortgage lender to come out with a LIBOR product and then we […]

Lender Lead Solutions Builds Nationwide Wholesale Platform

It’s no secret that Lender Lead Solutions has been busy in 2008.  In the past month they’ve announced strategic hires in the north east region and late last week they announced an additional eight new hires across the rest of the country.   The expansion of its nationwide wholesale presence also includes an innovative platform of  […]

Reverse Mortgage News Headlines

A few reverse mortgage news headlines from the week: Reverse lending on rise in D.C. (Washington Times) Beware the Lure of Long-Term Care Insurance Policies Funded by Reverse Mortgages (Forbes) ‘Divide and conquer’ couples best at retirement planning (MarketWatch) One more story that everyone needs to read… an Indianapolis man (reverse mortgage LO) found guilty […]

Financial Freedom Cash Account Changes

Last week Financial Freedom announced some changes to their Cash Account program. According to the announcement that was forwarded on to me, the adjustments are due to the ongoing disruption that the credit markets are experiencing. The changes include the following: Maximum Principal Limit must not exceed $2 Million Maximum LTV must has been lowered […]

Featured Reverse Mortgage Jobs

Here are a few of the latest jobs posted on the our new job board! Full Time Loan Officers (Nationwide) Next Generation Financial Services Reverse Mortgage Associate (Florida) Fidelity Reverse Mortgage Reverse Mortgage Consultant (Virginia) Reverse Mortgage USA Reverse Mortgage Relationship Manager- IL (Illinois) 1st Reverse Financial Services, LLC Are you looking to hire experienced […]