THE EXPLODING REVERSE MORTGAGE MARKET
As more baby boomers retire, the demand for reverse mortgages is expected to skyrocket. The most common type of reverse mortgage, Home Equity Conversion Mortgage (HECM), has risen drastically. In 2006, the Federal Housing Administration insured over 76,000 HECMs compared to 43,000 in 2005 (Source: Reverse Mortgage Lenders Association). With more than 19 million senior homeowners, those numbers will only increase.
To help you prepare for this expected demand, Wolters Kluwer Financial Services is hosting Best Practices for Home Equity Conversion Mortgages, a free educational webinar on August 29, 2007, from 2 P.M. to 3 P.M., EDT. Click here to register.
During our webinar, you’ll learn:
- What’s happening in the marketplace, including demographics, trends, and regulatory changes
- What’s involved in offering HECMs, including product nuances, state and federal requirements, the benefits to your organization, and pitfalls to watch out for
- How to educate consumers on which product is right for them
- Improving HECM workflow and processes at your organization
Presenters
Sandy Thomas, Vice President of Compliance at Financial Freedom Senior Funding Corporation, a subsidiary of IndyMac Bank, FSB. Sandy is an expert in Regulatory Compliance and Enterprise Risk Management with industry knowledge on reverse mortgages.
Jeff Klein is an Associate Attorney at Wolters Kluwer Financial Services who specializes in mortgage compliance issues.
Register today!
MEETING THE DEMANDS OF A CHALLENGING MARKET
Customer Spotlight: Tami Luckenbach
Funding Manager, HomeStone Mortgage
Switched to Desert Document Services in 2006
Business for HomeStone Mortgage continues to rise despite recent market woes. To maintain their current success, HomeStone Mortgage needs to access the right products, manage daily changes to rate sheets, and comply with heightened disclosure requirements from investors and auditors. So how are they adapting and managing even more business than ever?
With Desert Document Services.
“We switched to save money, and we’re staying because of the great service,” says Tami. “Adding investor loan products is so user friendly, I can just pick an investor and set it up myself! And, they get it right the first time…compliant packages complete with disclosures. Switching to DesertDocs was easy, and our closers love it.” When Tami does need help, she isn’t worried. “I know who I’m calling. For customer service, it’s 250 percent better than what we had.”
DON'T MISS US AT MBA'S 94TH ANNUAL CONVENTION & EXPO OCTOBER 14 - 17, 2007
Visit our booth (#401) to tap into our industry leaders and learn more about the latest in technology and compliance solutions, including:
- e-Disclosures
- Secure Document Exchange
- Expere® Integrated Enterprise
- Desert Document Solutions
- CompliSource
- PCi Wiz Sentinel®
- PCi Wiz Sentri™
- And much more!!
Look for the Internet Center on the convention floor, sponsored by Wolters Kluwer Financial Services. Use one of the many computers with free Internet access to check your email or look up information online.
For more information or to register, click here.
ATTEND A FREE TOWERGROUP WEBINAR SPONSORED BY WOLTERS KLUWER FINANCIAL SERVICES
Broken Trust: Preventing Data Loss from Breaking the Bank
Tuesday, August 21, 2007, 12:00 NOON to 1:00 P.M., EDT
Presented by George Tubin, Research Director, Delivery Channels and Financial Information Security
The incidence of information data leakage continues to swell, accounting for well over 100 million breached records since the start of 2005. In the electronic world of bits and bytes, customer information is more valuable than gold for a growing criminal element that thrives on stolen data. However, it seems that most financial services institutions have still not done enough to prevent the loss of highly sensitive electronic customer information. Regulators have responded to this issue by legislating requirements with varying degrees of stringency that force financial institutions to implement stronger information security measures. Financial service institutions should act now or risk losing customers if targeted in a high-profile data loss incident.
The webinar will address key questions, including:
- How will evolving global regulations disrupt existing data privacy and security frameworks?
- What are the emerging best practices that leading financial institutions will adopt to keep pace with the evolutionary problems of data loss and information leakage?
- How can institutions develop a cost framework to assess the monetary, resource, and customer impacts of data loss?
Jason Marx, General Manager of Mortgage for Wolters Kluwer Financial Services, will be speaking at the introduction. The content, statements, and opinions in this TowerGroup webinar are the sole, independent positions of TowerGroup.
Register for this webinar or find out more about George Tubin.
REMINDERS
- Check out ComplianceHeadquarters™, your free online resource for additional real estate compliance information.
- Want to take a closer look at SDX Secure Document Exchange but missed the live demonstrations? It’s never too late to watch the recorded version.
- Missed an issue of the VMP® Information Newsletter? Access previous issues in the archive.
