The importance of financial planners as reverse mortgage referral partners can be traced back to the exit of major banks from the business, and product experts discuss this and the care originators should take when engaging in certain kinds of outreach and advertising.
Taking regulatory considerations into account to appraise the relationship between reverse mortgage professionals and financial planners may be important to better understand how to connect, says an industry legal professional.
Financial planners are often cited as a potentially optimal reverse mortgage referral source, but many planners remain reluctant to engage with reverse mortgage professionals. A recent presentation at the NRMLA Virtual Summer Conference explores why.
A new bill aiming to allow reverse mortgages for co-op residents in the state of New York has passed the legislature, but could encounter difficulty in getting a signature from Gov. Andrew Cuomo.
The London Interbank Offered Rate (LIBOR) index is scheduled to be retired in 2021, and while the transition to a new index would likely be a positive development for the forward and reverse mortgage industries in time, the transition has the potential to create issues for both the servicing of existing loans, as well as […]