Retirement News with Professor Craig

Retirement News with Professor Craig

The Retirement News blog is dedicated to the financial and physical health and well-being of older Americans. 
Whether you're already in or nearing retirement, you will find important, topical information in the blog to help you make informed decisions on your road to retiring more freely.
As a 25-year veteran in the financial services industry and a certified trainer and teacher, Professor Craig's #1 goal is to help you thrive in retirement with financial peace of mind. 

Subscribe Now

     

THIS JUST IN

RMF Newsroom, Partners

Reverse Mortgage Funding Introduces Home Equity Conversion Mortgage For Purchase Certification Program For Third-Party Originators

Exclusive program is designed to give originators a real competitive advantage by enabling them to become HECM For Purchase Certified experts through a series of robust training programs, product tutorials, operational support and marketing resources

BLOOMFIELD, N.J. – July 24, 2017 – Reverse Mortgage Funding LLC (“RMF”), a leading reverse mortgage lender dedicated to helping older Americans achieve financial peace of mind, today introduced its exclusive Home Equity Conversion Mortgage For Purchase (“HECM For Purchase”) Certification Program for broker partners, an on-demand course to help third-party originators gain a real competitive advantage by becoming HECM For Purchase Certified experts. HECM For Purchase (nicknamed “H4P”) is a Federal Housing Administration (FHA)-insured* home financing program that enables homebuyers age 62 and older to purchase a new home that best suits their lifestyle by taking out a home equity-based loan on the home they are buying.

With 25% of all home buyers age 60 and above1, H4P is specifically designed to help ease the financial burden older Americans face when it comes to rightsizing or relocating, and can help increase their purchasing power. By becoming certified experts in H4P and adding it to their product mix, originators have an opportunity to expand their customer base, grow their own business and close more loans.

“H4P is a program all those involved in the home building and buying process should fully understand, as it offers tremendous benefits for all parties,” said Mark O’Neil, National Sales Leader of Reverse Mortgage Funding’s wholesale and correspondent channels. “Given the importance of this product, we are very excited to offer our partners the opportunity to become HECM For Purchase Certified experts.”

The H4P Certification Program will feature a dedicated team of highly experienced training professionals who are deeply committed to the success of all participants. RMF also offers a full suite of resources to further support originators offering this product, including product tutorials, tip sheets, and marketing collateral. Those who complete the course will be designated HECM For Purchase Certified for two years. The program takes just four to six hours to complete, and the web-based courses can be taken at the originator’s convenience. The program is free of charge to RMF’s approved broker partners.

Mr. O’Neil added, “As the National Council on Aging highlighted in its study , the results of which were published in March 2017, there is a real need for proper education regarding home equity release products. H4P is a very compelling option that many in the lending, building and buying communities don’t realize is available or fully comprehend. We believe that through the H4P Certification Program, we will raise awareness of the product and help many more older American homeowners move into the home they want while maintaining the financial flexibility they need.”

For more information on the H4P Certification Program or to register for courses, please call (877) 820- 5314 or visit partners.reversefunding.com.

About Reverse Mortgage Funding LLC

Established in 2012, Reverse Mortgage Funding LLC (NMLS ID #1019941) is one of the fastest-growing reverse mortgage lenders in the industry, one of the nation’s largest GNMA issuers of reverse mortgages, and a recognized thought leader in the reverse mortgage business. A wholly owned subsidiary of Reverse Mortgage Investment Trust Inc. (RMIT), the company’s focus is on originating, acquiring, investing in, and managing reverse mortgage loans and securities backed by reverse mortgage loans. The company is headquartered in New Jersey, with corporate offices in New York and California and field offices throughout the U.S. Learn more by calling 888-494-0882, visiting www.reversefunding.com, or following us on Facebook or LinkedIn.

Media Contact:
Matthew Chudoba
203-682-8217
Matthew.Chudoba@icrinc.com

1National Association of Realtors, Profile of Home Buyer and Sellers 2016

L1160-Exp072018

Print

Subscribe to Retirement News with Professor Craig

Join our mailing list to get the latest in lifestyle content, financial advice, news and information from Professor Craig to live a better retirement.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

A More Flexible Home Equity Loan

If you’re 62 or older, there is a home equity line of credit option that offers greater financial flexibility than a traditional Home Equity Line of Credit (HELOC). It’s called a Home Equity Conversion Mortgage (HECM) line of credit. 
If you have an existing mortgage or home equity loan you could refinance them with a HECM line of credit and get enhanced benefits, including a flexible payment feature and a line of credit that GROWS when left untouched.
As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, and keeping your home in good condition.


Equity Elite Reverse Mortgage



Put Your Home Equity to Work for You



Get Your Free Reverse Mortgage Quote


By clicking "CALCULATE", you are providing your signature and express "written" consent to be contacted by or behalf of Reverse Mortgage Funding LLC, its affiliates and/or its agents (collectively Company) at the telephone, email or mailing address that you have provided for purposes of fulfilling this inquiry about reverse mortgages and/or the Company's products or services, even if you have previously registered on a "do not call" government registry or requested Company to not send marketing information to you by email and/or direct mail. You agree that the Company may use automatic telephone dialing systems and prerecorded voice messaging in connection with calls or texts made to the telephone number you provide even if the telephone number is assigned to a cellular or mobile telephone service or other service for which the called party is charged. You understand that you are not required to consent to receiving autodialed calls or texts as a condition of any reverse mortgage and/or purchasing any Company products or services. If you do not wish to authorize Company to contact you in this manner, you can call 888-277-1567 to complete your request. You understand that you can revoke this consent at any time.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.