Articles by ReverseReview Magazine

Movers & Shakers

Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!Huron Valley Financial Announces Reverse Mortgage Division   Huron Valley Financial, Inc. (HVF) announces the establishment of 1st National Reverse Mortgage, its wholly owned reverse mortgage division. Reverse mortgage industry veteran Mike Gruley, CRMP, will lead the division, and Mike Hicks will serve as VP, national retail sales. The new reverse mortgage division will leverage Huron Valley Financial’s existing retail, wholesale and correspondent lending platforms to drive volume.   Moody’s Investors Service Rates Celink Above Average Reverse Mortgage Servicer
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NRMLA News

Spot Approvals Included in Proposed Condo Guidelines New condominium approval guidelines proposed by FHA could make it easier for older condo owners to obtain a reverse mortgage. The proposed rule, Project Approval for Single-Family Condominiums, implements changes to condominium project approvals that FHA believes will be more flexible, less prescriptive and more reflective of the current market.FHA proposes to reinstate “spot condo” approvals whereby individual units are approved by FHA rather than the entire condo project. The spot approvals would require property recertification every three years rather than the current two-year requirement and provide process efficiencies for mortgagees submitting project
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Spotlight: Industry Insight

In this small and ever-changing industry, the leadership of longtime reverse professionals has helped guide us through the program’s evolution. For insight into the direction of the market, we reached out to leaders in companies across the space, asking them to weigh in on the future of the program and what we can do as an industry to collectively advance the product.Michael Hild Live Well Financial Chairman and CEO To help advance the product, reverse originators can treat customers like they would treat their mom or dad. You have to be willing to walk away from a transaction if it
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NRMLA News

Four More Reasons to Attend NRMLA’s Annual Meeting & Expo The 2016 Annual Meeting & Expo is your time to reconnect with contacts and grow your network, get the latest news and updates from industry experts, and give back to Chicago's seniors through our volunteer service project.Network The meeting is the industry's largest annual gathering of reverse mortgage professionals from across the country. From planned meetings with your team to impromptu conversations with new contacts at The Bridge Networking Lounge, there's time and space for you to get together at the conference hotel. Learn Not your typical classroom lectures, sessions
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Spotlight: HUD’s Karin Hill

Karin Hill has spent the past six years helping shape the HECM program. A former high school history teacher turned mortgage banker, Hill brings a unique set of skills to the table. In 2013, when the HECM program underwent a massive overhaul, she turned her focus entirely to the reverse mortgage product and became a regular speaker at industry meetings. Inspired by her belief in the importance of the product, Hill says she is confident in its future demand and stresses the need for HUD and the industry to work together to ensure its sustainability.   What steered you toward
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Tech: A CRM Worth Noting

Josh Friend saw a hole in the market. With 17 years of experience in the mortgage industry and the launch of six call centers under his belt, Friend thought that the sales support technology for mortgage loan officers was distinctly lacking.“I understood what the marketing managers needed, what the loan officers needed, and there wasn’t any good, viable solution available in the marketplace that had all the tools and technology that we needed,” Friend says. “And so, we built our own.” Friend created InSellerate, a customer relationship management system designed to help loan officers stay connected to their prospects. The
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Movers & Shakers

Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!  Operation with Acquisition, Hires New Chief Strategy Officer Landmark Network has acquired national appraisal management company AppraisalPro. Founded in 2006, AppraisalPro will continue to operate from its North Carolina location under Landmark’s umbrella. “Along with our Maine operation center, this adds to our existing presence on the East Coast and will allow us to enhance our coverage in the southeastern United States,” Landmark CEO Erik Richard says. The AMC has also hired a new chief strategy officer.
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A Note from the Editor

In its mission to ensure the long-term stability of the reverse mortgage program, HUD released yet another round of proposed policy change in May. The 200-page document outlined a multitude of proposals set to impact the program, seeking feedback from industry participants who responded fervently to HUD’s call for input.In this month’s issue, we take a look at some of these responses, highlighting the proposals that were the most applauded and those that incited the greatest protest. With HUD’s comment period now closed, the industry will have to wait to see how its input will impact the final rules. The
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