Today: Adding Reverse Mortgages to Your Business Line–Regulatory/Compliance Considerations
Older homeowners hold $13 trillion in home equity, according to the latest quarterly NRMLA/Riskspan Reverse Mortgage Market Index. A growing percentage of these households are using their home equity as a strategic asset when developing a retirement plan. Reverse mortgages present different business opportunities in the financial services sector.
Join MBA Education and industry experts for an in depth discussion on reverse mortgages, a unique financial product for homeowners 62 and older that can help meet the needs of their aging client base. It is important to understand the regulatory landscape surrounding reverse mortgages. In Part 3 of this series, panelists will outline and evaluate the regulations a company should consider when implementing reverse mortgages in their product line.
Other webinars in this series include:
Part 1: Adding Reverse Mortgages to Your Business Line: The Value Proposition: Thursday, June 20, 2024 (2:00 PM -3:00 PM ET)
Part 2: Adding Reverse Mortgages to Your Business Line: The Roadmap: Tuesday, July 23, 2024 (2:00 PM – 3:00 PM ET)
*You must register for each session you would like to attend.
Date/Time:
Tuesday, August 20 (2:00 PM – 3:00 PM ET)
Objectives:
Discuss the history of reverse mortgages and the similarities/differences between reverse mortgages and forward mortgages
Learn about federal laws that impact reverse mortgage lending
Discuss state laws that impact reverse mortgage lending
Gain a basic understanding of the HECM section of the Single-Family Housing Policy Handbook 4000.1
Learn about HECM counseling and the HECM section of the Housing Counseling Program Handbook (Handbook 7610.1 REV-6)
Who Should Attend?
Business Development Managers
Senior Executives
Compliance Staff
Operations Staff
Loan Originators
Experience Level:
Entry-Level
Intermediate
Advanced
Speakers:
Jim Brodsky, Founding Partner, Weiner Brodsky Kider PC
Soroush Shahin, Partner, Weiner Brodsky Kider PC
Steve Irwin, President, National Reverse Mortgage Lenders Association
Click here for more information.
