How one reverse mortgage servicer is utilizing AI - HECMWorld.com Skip to content
Advertisement

How one reverse mortgage servicer is utilizing AI

AI artificial intelligence
Advertisement



Unable to use the embedded player? Listen here.

EPISODE #804

How one reverse mortgage servicer is utilizing AI

[National Mortgage News]

A recent interview between National Mortgage News’ technology reporter and Celink’s Chief Information Officer reveals how AI is being utilized in the servicing of reverse mortgage loans. Here are a few notable excerpts…

 

Other Stories:

  • [NRMLA] HUD Updates Servicing Policies
  • [Reverse Mortgage Daily] Why one analyst predicts Baby Boomers will move to sell their homes

reverse mortgage podcast   reverse mortgage podcast 

Share:

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.

Leave a Comment

1 Comment

  1. While the so called Oracle may have predicted what happened a decade and a half ago, what she is predicting now is very different. The period of the Great Recession was brought on by the misgrading of MBSs by the Big Three rating agencies, S&P, Moody’s, and Fitch.

    Today the problem is high interest rates and stubbornly high home prices resulting in small inventories of homes for sale in the vast majority of MSAs. Common sense asks who wants to move if their fixed mortgage interest rate will be (in most cases) more than twice the interest rate on their current mortgage. In 2008, we were being told that baby boomers had much fewer problems with mortgages than their elders. Yet in the last five fiscal years we have seen the worst and second worst fiscal years for HECM endorsements in the last two decades.


Add a Comment

Your email address will not be published. Required fields are marked *

Advertisement
Advertisement

Recent Stories

Topics

Subscribe to join our World

Get the latest reverse mortgage news delivered straight to your inbox.