[vimeo id=”89122239″ width=”625″ height=”352″]
The Skills Needed for Surviving the Age of Change
Beyond keeping up with product and regulatory changes is remains the difficult task of doing business in the brave new world of reverse mortgage lending. Originators are feeling the impact with fewer borrowers qualifying due to lower principal limits or lending ratios while lenders seek to adjust to lower revenues in the wake of HUD’s eliminator of the standard fixed rate’s loan.
Much of the pain can be attributed to the protracted process of redirecting our focus to a new demographic. Case in point, the typical needs based borrower. These individuals are most vulnerable to not qualifying due to…
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