Documents, Flyers and Forms

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We are pleased to inform you that the Documents, Flyers and Forms tab is available on our website. You will now have the option to request a variety of educational flyers that pertain to reverse mortgage title and settlement. Our current library includes:

-Rate Calculator Guide
-Spotting Elder Abuse and Fraud
-Signing by Mark
-Power of Attorney Fraud
-Trusts
-Checklist for a Smooth Closing

You may request any of these flyers here or by emailing solutions@allegiantreverse.com.

 

 

Rob Awalt Builds A New Team

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Professional athletes who become successful in subsequent careers often cite lessons from their sports experience as helping them meet the challenge. For Rob Awalt, former tight end for the St. Louis and Phoenix Cardinals, Dallas Cowboys and Buffalo Bills from 1987 through 1993, the key takeaway is that the focus has to be on the team, not the individual. But to make the team successful, you have to concentrate on doing your own part as well as you possibly can.

This is the guiding principle that led Awalt to establish Allegiant Reverse Services in April 2016. The nationwide title and settlement company, headquartered in Roseville, California is dedicated exclusively to reverse mortgage closings. “We are not focused on running any other business or any part of the business, or the next real estate sale”, Awalt states. “If we take care of the borrower, the lenders are taken care of and have a loan that is done well that they can sell to a securitizer and servicer. Our part in the reverse mortgage process is to ‘glue it all together.” Not surprisingly, “we” and “team” references pepper Awalt’s conversations.

To read the complete article from Reverse Mortgage Magazine, click here.

FHA Increases HECM Loan Limit

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The maximum claim amount for FHA-insured Home Equity Conversion Mortgages has been increased from its current $625,500 limit to $636,150, according to Mortgagee Letter 2016-19 published by the Department of Housing and Urban Development.

This new MCA – which is equal to 150 percent of the Freddie Mac national conforming limit of $424,100 – becomes effective for case numbers assigned on or after January 1, 2017 and will last through December 31, 2017. The $636,150 limit also applies to the Freddie Mac high-cost exception areas, which include Alaska, Hawaii, Guam and the Virgin Islands.

The ARS rate calculator has been adjusted so clients can quote up to the new HECM loan limit before being notified that Jumbo fees are needed.

Our Year in Reverse

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2016 in Reverse

dec
Hard to be believe that we are ending 2016 with 38 employees up from 3 in April.   Our vision is now a reality – amazing staff, great leadership and outstanding partners.  We look forward to an even better 2017.  Happy Holidays

Our Training Center is now live on our website.

nov

Let us never forget to be thankful for everything around us. Click here for a special Thank you from our President Rob. We attended the NRMLA annual expo in Chicago where our VP Megan Awalt participated as a speaker on the panel to discuss A Better Borrower Experience: Preparing Your Client for a Smooth Closing.  We attended multiple industry social events where we got to know our clients better.

oct

Great leaders are hard to find. That is why on Bosses Day we made sure we showed our leader some love.  Also, we declared October to be Spirit Month. Our first live training class was introduced. We have since presented 11 live training classes, including client specific training. Megan was featured in the Reverse Review Magazine sharing a Title Tip: Signing By a Mark.
sep
We began building our educational library.
ARS attended the 16th Texas Reverse Day in Dallas.  We had the opportunity to spend some time with Rob’s former teammate and keynote speaker, Daryl “Moose” Johnston. Our new website went live!
 aug
We received our ALTA Best Practices Certification. In addition to our Secure Insight approval, this is another testament to show our commitment to protecting the privacy and security of our lenders and borrowers.  We are young at heart and to show how brave we have been through this transition we all took a leap of faith and flew.
Read our first newsletter August Newsletter
jul
During this month our main focus was acquiring talent to ensure we continue to deliver the prompt and excellent service our client are accustomed to.  Megan shared our first announcement with our clients.  The Legacy Continues.
jun
Here we grow!  The true definition of Teamwork was shown during this month.  Every staff member stepped out of their comfort zone to come together and build this company piece by piece.
ARS’ first feature in Reverse Mortgage Daily

may

Yes, We Are Open for Business!  In just a few weeks the name Allegiant Reverse Services was born, we found office space and our brand was established.  Our first official order was opened. We attended NRMLA in Huntington Beach for this first time as Allegiant Reverse Services.

apr

Day one of our new venture was spent at the East Coast NRMLA conference in New York City.  At that time we didn’t have a name, office or email address but we had a vision for what would become Allegiant Reverse Services. Throughout the event we heard the same message over and over, “I work with people, not with companies”.

We look forward to everything that 2017 will bring!