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The CFPB Bans Former HUD HECM Servicer

The CFPB
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EPISODE #832

The CFPB issues consent order against former national HECM servicer

[National Mortgage News] Last week the Consumer Financial Protection Bureau (CFPB) issued a consent order against former HECM servicer Novad Management and Sutherland Global seeking millions in civil and monetary damages.n for Details]

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Shannon Hicks

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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.
 
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1 Comment

  1. Wish there was a way to compensate all of us who put up with Novad. There was never a company that frustrated or wasted time more than they did. I wish this move would have been taken much, much earlier.


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