Reverse Bootcamp | Senior Borrowing Home Equity Set Records

According to Reverse Mortgage Daily, the Mortgage Bankers Association (MBA) forecasts more potential reverse mortgage activity in 2024. If your New Year’s Resolution is to add more Reverse Mortgages into your 2024 business plan, Plaza Home Mortgage^® can help!

Sign up today for this free, two-week Reverse Mortgage Boot Camp designed to give you an edge in this growing market.

Guided by Plaza VP, Reverse Mortgage Division, Mark Reeve these courses are designed to help you exercise your reverse knowledge and capture more HECM opportunities. Don’t miss out!

Courses include:

• January 16: Plaza's Reverse Mortgage Basics
• January 17: Originating a Reverse Mortgage with Plaza: File Flow from Start to Finish
• January 18: How to Use the Reverse Mortgage to Purchase a Home
• January 22: Financial Planner's Guide to Reverse Mortgages
• January 23: How to Present a Reverse Mortgage – Kitchen Table Approach
• January 24: The Impact of a Rising Rate Environment on Reverse Mortgages
• January 25: What is the Reverse Mortgage LESA?

Whether you’re just starting to offer reverse mortgages or want to brush up on your knowledge, Mark will show you how they can be easier than you think! And don’t worry – even if you can’t make the session, register anyway, and we’ll send you a copy of the recording once the session concludes.

National Mortgage News recently shared this insightful article showing that seniors aged 62 and above held a record $13.08 trillion in home equity at the end of the third quarter. This record marks a quarterly increase for the second consecutive time.

However, borrowing against this equity also reached a record high of $2.32 billion, highlighting a potential growth opportunity for lenders in the Home Equity Conversion Mortgage (HECM) market. Despite the purported challenges and complexity of these loans, the National Reverse Mortgage Lenders Association (NRMLA) sees room for additional market participants and views reverse mortgages as an integral part of seniors' overall retirement plans.

Read here for the full report.