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National Mortgage Professional
Aug 13, 2007

NRMLA launches online resourceMortgagePress.comReverse mortgages In response to rapid growth in the reverse mortgage business, the National Reverse Mortgage Lenders Association (NRMLA) has developed a new trade Web site at www.nrmlaonline.org, designed to be a comprehensive resource for lenders who are adding new sales staff or just entering the business and want to know how to be successful. "Growth is healthy, provided that it is handled by competent companies [who possess] the utmost integrity and a sense of responsibility to clients, who are knowledgeable about all aspects of the reverse mortgage program," said Peter Bell, president of NRMLA, which recently announced a 77 percent increase in the number of Federal Housing Administration reverse mortgages originated during the most recent federal fiscal year, ending Sept. 30, 2006. The new Web site features: • A reference/publications section with links to articles on getting started in the reverse mortgage business; senior issues; marketing and origination topics; building strategic relationships; counseling; processing and underwriting; product information on the Home Equity Conversion Mortgage, Home Keeper and Cash Account programs; updates on state and federal legislation; U.S. Department of Housing and Urban Development and Fannie Mae regulations; print and television news coverage and up-to-the-minute stories posted through Google News Alerts; industry statistics; research conducted on reverse mortgages and retirement issues; servicing; and secondary market topics; • A vendor directory featuring descriptions and contact information for members of NRMLA that provide different ancillary services to lenders, such as title insurance, marketing and consulting services; • An NRMLA section with links to membership information, code of conduct and best practices, contact information for NRMLA staff and board of directors, information on committees, and back issues of Reverse Mortgage Advisor, NRMLA Washington Update (formerly Mid-Month Report) and press releases; and • An events section containing information on upcoming Learn-While-Lunch programs and conferences. For more information, visit www.nrmlaonline.org.
Aug 13, 2007
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