When it’s okay to be in 2nd place


There is no video for this week's podcast. Please listen to the episode below.




It’s okay to be in second place 

[PR Wire India]

Sometimes it’s okay to be second, as in 2nd Place, in retirement.


Other Stories:

    • [Housing Wire] Some reverse originators report a strong start to 2024

      [Market Watch] Should my 87 year-old mom owing $425K on a $1M home get a reverse mortgage?


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Fannie Mae’s 2024 economic & interest rate outlook




Fannie Mae’s 2024 housing and interest rate outlook


[Housing Wire]

A growing majority of economists and housing experts expect interest rates to ease- the question is when and how much. A recent Housing Wire interview with Fannie Mae’s Chief Economist provides more insight.


Other Stories:

    • [Gainesville Register] Study shows a quarter of seniors could relocate, boost retirement with home equity

      [Housing Wire] NRMLA 2024 annual meeting location announced


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12 Tips to Get the Most Out NRMLA’s Virtual Annual Meeting

[3-minute read]

Quite honesty I miss you all. The annual pilgrimage of reverse mortgage professionals to connect, learn, advise, brainstorm, and encourage is the highlight of the year for many. Yet, thanks to the COVID-19 pandemic, we are forced to avoid meeting in large numbers (a wise choice). Thankfully, NRMLA has prepared a virtual annual meeting. Now that they’ve done their part here are twelve tips for each of to us to prepare to get the most from this meeting, and all future virtual conferences.

  1. Make sure your photo and contact information is current. Your Zoom meeting avatar should include your photo so attendees can easily identify you.
  2. Dress professionally– pajamas may be tempting but dressing the part helps you get into a working state of mind.
  3. Check your lighting. Is your face dark? Is your background cluttered? Organize your office backdrop and add some soft white light directly to your head and shoulders using a lamp outside of the view of your camera. If you’re using a Zoom virtual background, it’s best to have a solid well-lit background behind you for the best results.
  4. Close all unused applications. Even better, restart your computer and start fresh with only the virtual meeting software running. Check your camera and make sure it’s activating. If not, restarting your computer typically fixes the glitch.
  5. Turn off all pop-up notifications and especially- turn off your email. You can respond to messages between sessions.
  6. Put your phone on silent or in airplane mode during the session. Nothing’s worse than your phone zapping your mental focus.
  7. Clean your web-camera lens. Smudges never look good…they only make you appear out of focus.
  8. Time-block all the sessions you will be attending on your calendar. Include the Zoom/Virtual meeting link in the calendar event.
  9. Have a notepad or word processor ready to take notes. If notes will be provided focus on the most relevant takeaways and leave the rest to the presenter.
  10. Be prepared to participate. If all attendees are muted, be ready to type in your questions.
  11. Avoid multitasking and keep your attention directed at the camera during the presentation. If you must look away for a bit turn off your video.
  12. Between sessions stretch your legs, get some water or a snack, and move around a bit. Sitting in your chair for six hours will eventually sap your strength and aggravate your back.

There you have it. 12 ways to get the most out of NRMLA’s Virtual Annual Meeting. Add your own tips in the comment section below. Cheers!

NRMLA Recap: Commissioner speaks to industry- More Changes Coming

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ePath 100K RM leads

FHA Commissioner, Proprietary Reverse Mortgages, and Market Branding highlight 2018 NRMLA Annual Meeting

Despite a year of setbacks for many, the 2018 National Reverse Mortgage Lenders Association Annual Meeting not only signaled a retooling of our industry but the course that lies before us. 
[there is no video transcript for this week’s episode]
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The $100 Business Card Challenge

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Attending the NRMLA Meeting? You could get $100

John will give $100 to the first person who hands him a business card at the NRMLA Annual Meeting in San Diego which begins Sunday. The remaining 100 people who give him a business card will receive…

About John Luddy: John has trained reverse mortgage professionals how to be successful when sitting face-to-face at the kitchen table with prospective HECM borrowers. Norcom is looking for qualified loan officer candidates. To learn more call 1-860-507-2582 or email John Luddy here


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The 2018 NRMLA Annual Meeting: A Sneak Peek

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Here’s a sneak preview of the coming attractions

*Please pardon our focus issue this week. The problem is being resolved.
In a few short days, the National Reverse Mortgage Lenders Association’s 2018 Annual Meeting and Expo will begin in sunny San Diego, California. What should you expect? Here’s a sneak peek of the upcoming attractions for this year’s annual pilgrimage of over 400 reverse mortgage professionals.


What’s new? There are several notable changes this year, one being the start date. In years past conferences were in November and began on Monday and concluded Wednesday afternoon, however, this year we are moving forward one day beginning on Sunday, October 28th and concluding Tuesday the 30th.

As the HECM landscape becomes increasingly competitive branding is key. Two workshops will get you started off on the right foot- at 1:00 p.m. Grassroots Marketing presented by Jim McMinn with Finance of America will explore generating business from five unique lead sources. How to create a unique brand is presented at 2:00 p.m. with Darius Aram from ARAMCO Mortgage, Steven Sless- national reverse mortgage director for U.S. Mortgage Corp, and Norcom Mortgage’s VP of Reverse Mortgage Lending John Luddy. Many of you have come to follow John’s weekly sales tips videos here on HECMWorld each Thursday.

The most popular topics this year will focus on the new 2nd appraisal rule as part of the Collateral Risk Assessment and private or proprietary reverse mortgages. At 3:15 p.m. Sunday a panel led by Scott Norman of Finance of America will look at the implications of FHA’s new appraisal policy change enacted earlier this month.  Monday morning at 10:00 a.m. New Product Options will feature a panel discussion on the latest private reverse mortgage products and alternate home equity loans… 

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Call Norcom about recent HECM changes today…

Norcom has a business model that will fit YOUR business model…especially after HECM changes begin October 2nd.
About John Luddy: John has trained reverse mortgage professionals how to be successful when sitting face-to-face at the kitchen table with prospective HECM borrowers. Norcom is looking for qualified loan officer candidates. To learn more call 1-860-507-2582 or email John Luddy here

Fill out my online form.
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