Training and onboarding set the foundation of a good employee, but without a solid personality and positive attitude, molding a successful loan originator can be a challenge. Reverse mortgage professionals can be unveiled in many types of individuals with the proper training combined with solid core values, says Mike Crossett, executive vice president at The […]

Since the implementation of new rules over the last year, reverse mortgages have been increasingly touted as being more viable retirement tools than they once were, requiring lenders to adapt their training processes to best serve borrowers in this new era of financial planning. While some lenders may have already been conveying the potential retirement […]

A lack of education is often blamed for the wide variety of reverse mortgage misconceptions that exist today. It’s also the reason why many other non-reverse industry professionals like Realtors and financial advisers balk at the idea of even considering reverse mortgages as potential solutions for their clients. Through a series of online educational sessions, […]

Following a major play in the reverse mortgage space last year, New Zealand lender Heartland Bank teamed up with U.S.-based reverse mortgage consulting firm Reverse Focus to help increase production, streamline sales and operational processes. And now it appears the collaboration has begun to yield positive results. In April 2014, Heartland Bank acquired the reverse […]

The Federal Housing Administration (FHA) later this month will offer a free training opportunity for reverse mortgage lenders on the key requirements of the Financial Assessment. On September 23, FHA will host a Financial Assessment and Property Charge Set Asides webinar for all industry stakeholders who are interested in learning more about these new Home […]

Editor’s note: Reverse Mortgage Daily will be observing the Labor Day holiday Monday, September 7, but we will return to our normal posting schedule Tuesday, September 8. In the meantime, all of us here at RMD would like to wish all of our readers a safe and enjoyable Labor Day weekend! In case you missed […]

Reverse mortgages are often misunderstood by the general public. As the industry strives to distance the reverse mortgage product from the “loan of last resort” reputation, ongoing education is critical not only for prospective borrowers, but also for the originators who work with them. Over the years, reverse mortgages have suffered from a negative reputation […]