Reverse Morgage Hopefuls are Interested, Not Closing; Awareness Campaign Launches

NewImage.jpg Reverse Fortunes Weekly Podcast Episode #227

New data analyzed this past week indicates that more people are initially interested in a reverse mortgage but yet fewer are ultimately closing the loan than in recent memory. Reverse Fortunes’ latest podcast takes a look data, as well as what it could mean for the industry.

Reverse Fortunes’ Shannon Hicks also talks about the recent passing of reverse mortgage pioneer Roger Reynolds who will be remembered for his work in the business beginning with the very first reverse mortgage pilot program in the early 1990s. Additionally, Hicks looks into a state campaign launched last week in Minnesota that could have implications for reverse mortgage recognition nationwide.

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Talking Points:

  • No seat at the table
  • Interested but not closing
  • Remembering an industry pioneer
  • Suprise: state promotes reverse mortgages as useful

Listen now. “Reverse Fortunes is the ultimate resource for reverse mortgage professionals providing the technology, training and marketing to grow your business. We are your one-stop resource for those committed to taking their business to the next level.” Editor’s Note: These posts are sponsored by Reverse Fortunes.

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