Reverse Mortgage Boom

Reverse Mortgage Boom? New Market?

More and more reverse mortgage originators and lenders are stepping into the market. What does this mean for consumers like you? More benefits, better rates, additional discounts, and more. Found a couple links that are already offering a competitive product. Including no upfront appraisal fee, fast closing, free scholarship for your grandchildren, and more.

Visit:
Reverse Mortgage Coupons
Reverse Mortgage Safety
Reverse Mortgage Lender

Truth be told, this is not the case, year over year production has increased but not in proportion to the influx of new originators that came into the business over the last 12-16 months.

The fact that in 2006 there were roughly 800 brokers in the industry closing 84,000 loans and then in 2007 there were around 1,800 brokers in the industry closing around 108,000 loans. Plus throw into affect all the new competition currently that is going on and a huge consolidation effort in the industry…….sigh…….can you say overly saturated?

Wanna get involved in the industry? Positions, jobs, recruiting, and training can be found at:
Reverse Mortgage Mentors