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LO, Ops, AE Jobs; HELOC, Efficiency, AMC, Sales, VOE Tools; Podcast for LOs; Jumbo and Non-QM News


LO, Ops, AE Jobs; HELOC, Efficiency, AMC, Sales, VOE Tools; Podcast for LOs; Jumbo and Non-QM News
Mar 4 2021, 8:20AM
Welcome to the only day where the date is a command. Owners of shopping malls wish they could command everyone to go shopping in one. When was the last time you went into a shopping mall? I don’t remember either, and I’m starting to miss those rock-solid pretzels and henna tattoo & ear-piercing booths. Turn them into housing, affordable or otherwise? Why not?! The aggregate value of reappraised American malls fell an average of 60 percent in 2020, with 118 retail properties seeing $4 billion in value wiped out over the course of their reappraisals. Of the 1,100 indoor malls in the United States, analysts say only about half have a reasonable chance of survival. Certainly, the hundreds of thousands of loan officers hope their jobs do more than survive in 2021, and to listen to the audio version of today’s commentary with an ....

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The Academy of Home Equity In Financial Planning Releases Home Equity Model Language and Guidance for Financial Services Firms


The Academy of Home Equity In Financial Planning Releases Home Equity Model Language and Guidance for Financial Services Firms
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URBANA-CHAMPAIGN, Ill., Feb. 10, 2021 /PRNewswire/  The Academy for Home Equity in Financial Planning at the University of Illinois at Urbana-Champaign believes that certain retirees can have a more secure retirement when home equity is used prudently. The Academy has just released compliance guidance around home equity and financial planning designed to help financial service companies update their language, policies, and procedures, many of which no longer follow best practices in the industry. ....

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Using Home Equity To Solve Retirement Challenges


Feb 5, 2021
In this Retirement Daily Learning Center webinar, Shelley Giordano of Mutual of Omaha Mortgage and founder of the Academy for Home Equity in Financial Planning at the University of Illinois at Urbana-Champaign, provides a description of reverse mortgages, the pros and cons of reverse mortgages, and the big three retirement challenges (longevity, market turbulence, and household shocks) reverse mortgages can mitigate.
During the webinar, Giordano also addresses the safety of reverse mortgages, who qualifies for a reverse mortgage, and how the proceeds are distributed.
Giordano also described the typical profile of a person who might use a reverse mortgage: someone who is falling short on secure monthly income; someone for whom monthly mortgage payments are a burden; someone who needs a temporary source of income to protect invested funds from sequence of return risk; and someone who would like to move but not use all their savings or have a monthly mortgage ....

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