From the regulatory landscape to product adaptations and sales and marketing techniques, reverse mortgage industry leaders need to confront one constant year over year: Change. Today, the need for transformative leadership in reverse mortgage lending remains more critical than ever in a rapidly changing home equity access environment.
This year, we’re pleased to introduce our first-ever class of Changemakers.
These leaders exemplify the vision and skills needed to forge a successful future for reverse mortgage lending. Reverse Mortgage Daily conducted in-depth interviews with each one of our 2020 Changemaker pioneers, delving into the impressive ways that they have shaped the reverse mortgage industry as we know it today, as well as their ambitious plans and ideas for how to create the home equity access experience of tomorrow.
Reza JahangiriCEOAmerican Advisors Group
Peter BellCEONational Reverse Mortgage Lenders Association
Christopher MayerCEOLongbridge Financial
Scott NormanVP of Field Retail & Government RelationsFinance of America Reverse LLC
“I don’t like getting complacent with existing patterns. When we’re not changing, then I don’t think we’re growing. That’s because business is similar to all things in life: it’s fluid and dynamic. I think those who do thrive over the long haul are very open to change, and hopefully not just in reacting, but proactively changing.”
“There would certainly not have been an FHA product had NRMLA not been here. NRMLA has been able to garner the support of members of Congress from both sides of the aisle, and also in the top tier of HUD management to sustain the program over the years.”
“We know there’s a retirement crisis. We know people are struggling to figure out how to retire and there is an opportunity to find products to address growing mortgage debt, increasing medical costs, and increased uncertainty in retirement. Reverse mortgages are a way to help address those problems in a very practical way.”
“Customers are asking for more products to age in place, and lenders are trying to provide those products. I think that if you look at the world that we live in today, home equity is going to be at the forefront of almost every financial decision that the average homeowner in or near retirement is going to make.”