Now What?!

Shannon Hicks September 13, 2013 1

9 Ways to Prepare Your Business for the New HECM Program

Reverse Mortgage News Outlets

Now that the old HECM is effectively gone what can we do to protect and grow our business? Here are nine valuable strategies you can begin working today!

#1 Don’t mention the OLD HECM program! It’s nearly impossible to get an FHA case # assigned before the cutoff so why sour them on something that’s gone? HECM counseling agencies are overwhelmed with those trying to make the cutoff and any borrowers who apply hoping to make it are most likely to cancel if disappointed.

#2 Relook your current LTV (loan to value) for outstanding lead orders…

Many reverse mortgage news outlets have…

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One Comment »

  1. JIm Warns September 13, 2013 at 5:48 am - Reply

    Excellent ideas, Shannon. You bring real value to the industry with these types of broadcasts.

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