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Special Reports
In this section of BrokerUniverse we examine a subject of key importance
for mortgage originators every month, based on special reports that run in our sister publication, Origination News.
Reverse Mortgages
Reverse Mortgages - In The Spotlight
Senior homeowners who believe they have been left in the dark financially due
to the lack of money-generating options available late in life might not be able to see how a reverse mortgage
can help them convert their home equity into cash until an originator shines a light on the possibility for them.
The attractiveness of an underserved and growing demographic in the niche, combined
with the government backing the Home Equity Conversion Mortgage that dominates it, have made reverse mortgages
a relative bright spot in the origination business.
This appears to have drawn a lot of business to the niche. As you'll read in this
Special Report, for example, one title and settlement system provider has seen a boost in the use of its system
to process reverse mortgages.
While many aspects of reverse mortgages are relatively attractive in a business
sense right now, they have their challenges as well. Reverse mortgages have a complex origination process and a
sensitive clientele. Originating the loans requires a more consultative, slower approach than a typical forward
mortgage and there are some specific rules that originators involved in making the government product need to make
sure to follow.
In addition, among the reverse mortgage market's challenges is the fact that it
is growing increasingly competitive. One company you'll read about in the pages that follow, for example, has begun
offering discounts as a result.
Next Month - Lead Generation
Previous reports
Mortgage Insurance
Credit Restoration
FHA Lending
Jumbo and Nonconforming
Lending
Electronic Documents
Recruiting and
Training
Branch Development
Mortgage Fraud
Construction Lending
Commercial Lending
Credit Restoration
Reverse Mortgages
Origination Technology
Document Services
Home Equity Lending
Nonprime Lending
Electronic Documents
Recruiting &
Training
Warehouse Lending
Home Equity Lending
Downpayment Assistance
Programs
Emerging Markets
Mortgage Fraud
Secondary Market
Origination Technology
Document Services
Commercial Lending
Lead Generation
Appraisals & AVMs
Recruiting & Training
Electronic Documents,
Paperless Loans
Home Equity Lending
Downpayment Assistance
Hispanic Marketing
Broker to Banker
Origination Technology
Update
Not Your Father's
ARM Loan
Document Services
Fraud Detection
AVM/Appraisals/BPOs
Branch Development
Loan Origination Systems
Recruiting & Training
Document Services
Wholesale Showcase
Construction Lending
Broker or Banker
Mortgage Fraud
Lead Generation
Emerging Markets
E-Documents
Return of Subprime
Document Services
Warehouse Lending
Biweekly Mortgages
Lead Generation
Appraisals/AVMS
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