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HECM. As a reverse mortgage professional we know that stands for the Home Equity Conversion Mortgage or federally-insured reverse mortgage. But here’s another definition that is the key to us being successful business people. Hungry, Energetic, Convinced, Masterful.
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Editor in Chief: HECMWorld.com
As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.
Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.
1 Comment
As a CPA, one looks for exceptions and deviations from what is expected. Sometimes that leads to pessimism.
This morning while writing a strong critique of the use of fixed rate Standards in conjunction with HECMs for Purchase (“H4P”), suddenly it came to light that the tone of the article was trending toward negativity about the H4P product. At that point, revisiting the ethical positives of the product forced a change in the tone of the article, to some degree in its body but more particularly in its conclusion.
Taking the few moments to revisit the positive uses of the H4P product caused a different outlook not just to an article but more importantly to a trend in thinking. If someone was to call about getting a H4P at this point, they would hear a very positive sound in my voice unless they were obtaining a H4P fixed rate Standard and it was obvious they did not need a substantial portion of the proceeds in the immediate future.