Items Tagged with 'RESOLUTE BANK'

ARTICLES

  • Reverse mortgage data details industry-wide volume plunge

    Wholesale endorsements suffer greatest decline at 34%
    Reverse mortgage volume plummeted a staggering 31.4% in December, closing out the month with just 1,749 loans and ending the year on a rather sour note. A new report from Reverse Market Insight breaks down the numbers, revealing that wholesale endorsements suffered the greatest loss at 34.4%, as many of the top lenders saw volume dip by as much as 46%.
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  • Resolute Bank returns to grassroots to build HECM business

    Builds collaborative corporate culture to promote relationship marketing
    It’s been a hard year for the reverse mortgage industry, and like other lenders in the space, Resolute Bank has used the down market to rethink its business strategy. In the wake of program changes, the reverse team at Resolute took a good look at its business structure and decided it was time to return to grassroots.
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  • Finance of America Reverse releases HECM Illustrator

    Sales tool graphically demonstrates reverse mortgage benefits
    It’s one thing to tell someone how payments made on a reverse mortgage loan can grow their line of credit – but it’s another thing to show them. That’s the approach Finance of America Reverse is taking with its new sales tool, the Illustrator. "It's simple, it's easy to use, and it sends a very powerful message," said creator Steve Resch.
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