See you in New York City!

Allegiant Reverse Services’ Sales and Management teams are joining NRMLA for it’s 2019 Eastern Regional Meeting. We are looking forward to hearing from The Honorable Brian Montgomery, Acting Deputy HUD Secretary and Assistant Secretary for Housing/Federal Housing Commissioner. 

 

Click here to learn more about this event. Use the button below to schedule a meeting.

 

We look forward to seeing you there!

 

May Webinars

Tips to Improve Your Closing Experience 

Wednesday, May 8,  2019 – 10:00am PST/1:00pm EST 

Closing transactions efficiently and accurately is our first priority. You’ll get peace of mind and security with our smooth and easy process. Join us to see how you and your borrower can help improve the closing experience.

Click here to register.

 

Introduction to Manufactured Homes

Wednesday, May 15,  2019  10:00am PST/1:00pm EST

Please join us for an introduction to Manufactured Home guidelines, procedures and suggestions to help make the process smoother. This is a segment of our business that often is met with hurdles, questions and confusion. The purpose of this class is to help you identify red flags early in the process and to help arm you with information and questions to ask your borrower.

Click here to register.

Tips for Identifying a Phishing Email

Phishing emails are more frequent than ever, so it’s important that we stay diligent when reviewing and monitoring our inboxes. Our team recently completed a webinar dedicated to educating participants about privacy and security. Below are some tips we found most helpful when identifying a phishing email. 

  •  Not personalized. For example: The introduction will read “Dear Customer”
  • Poor grammar, overuse of capitalization and spelling errors.
  • From a nondescript or incorrect email address.
  • Reply-To address is different than sender’s address.
  • Asks for account information.
  • Contains threats and commands,
  • No direct contact information given.
  • Before clicking a link, hover over it to confirm that you are being directed to the site displayed.

Title Tidbits: Reviewing Your Title Commitment

Below are some tips from ARS’ Underwriting Counsel/Title Manager, Kevin Weaver.

  • Always be sure to read your title commitment and Title Commitment Review Sheet. This will help identify the exceptions and requirements that may need to be fulfilled in order to meet your closing date.
  • Keep the borrower up to date on any additional documents that may be needed. For example; If  your transaction is utilizing a POA, it would be beneficial to send to your Settlement Team in advance. This will ensure that the document is in fact an original and can record at closing. Should an original death cert be required, be sure you obtain in advance as often times the vital records need to be ordered and this could delay your closing.
  • Your settlement team is ready and available, so be sure that you keep them updated on status. This will help the file close smoothly and quickly with the best experience for the borrower.

Happy Earth Day: What can you do to make a difference?

Making a difference doesn’t require you to change every aspect of your life, every act makes a positive change in our environment. One way to help our planet is by reducing your waste and limiting the use of single-use plastic.

Below are four products to kick start your efforts:

  1. Invest in a reusable straw. Click here to view straw options for every lifestyle.
  2. Switch to reusable silicon storage bags. Dishwasher, microwave and oven safe options!
  3. Use beeswax food wrap instead of plastic wrap. Click here to learn about the pros and cons of beeswax food wraps.
  4. Purchase mesh or cotton produce bags to use while you are grocery shopping.

Click here to visit 4Ocean, an organization dedicated to ocean cleanup across the world. 4Ocean is currently working on a cleanup project in Haiti where they strive to pull 3000 pounds of plastic and trash from the ocean and coastlines each day. Support the cause by purchasing one of their bracelets. Each bracelet is made from recycled glass and plastic gathered during their cleanup projects. Every bracelet purchase funds the cleanup of 1 pound of trash from the ocean and coastlines.

 

Recap: NRMLA Western Regional Meeting

Another successful experience at NRMLA’s Western Regional Meeting! The Sales In Today’s World roundtable discussion was definitely a highlight and informative. Seasoned loan originators and managerial staff shared their goals for 2019 and how they are obtaining success in today’s marketplace.

Craig Barnes, lead trainer at Reverse Mortgage Funding LLC, launched a new course that shares the best practices to help you convert more leads to closed loans called If You’re Talking Too Much, You’re Losing. 

Email Solutions@AllegiantReverse.com if you would like to hear more about what was covered at this great event.

The CoreLogic Store

Sometimes you are looking to dive a little deeper. CoreLogic has rolled out an online store where you can access additional tools to help research potential borrowers. Gain access to AVM’s, foreclosure activity reports, voluntary lien reports and more. You’ll get the choice to purchase reports individually or a predetermined report package.

Simply click the link to get started – CoreLogic Online Store

 

 

April Webinars

The Borrower’s Experience – CRMP Certified Course 

Wednesday, April 10,  2019 – 10:00am PST/1:00pm EST 
This class will give the attendees a bird’s eye view of the entire process from Marketing to Post Closing of a reverse mortgage transaction.  It will cover some pit falls and how to avoid them. Although you may only handle one portion of the transaction, the borrower is a part of the whole process which can be overwhelming. We will explain how the attendees can be more empathetic to our borrower’s needs.
Note: CRMP Credit not available for California residents.
Click here to register.

Title Review 101

Wednesday, April 17,  2019  10:00am PST/1:00pm EST

Please join us as we will discuss the basics of title insurance, title commitments and how to review the reports for important and relevant information that will need to be addressed during the transaction.

Click here to register.

CFPB Warns of ‘Quadrupled’ Reports of Elder Financial Abuse

We stay alert, informed and implement safeguards to protect our senior borrowers. It takes all of us to prevent fraud, and the most important player is you. Read the RMD article below about the increase in elder financial abuse.

“The Consumer Financial Protection Bureau (CFPB) is warning of reported widespread financial abuse of seniors ranging in sources from offshore scammers to immediate family members. The agency detailed its findings in a new blog at the agency’s website, and has released a dedicated report to inform the public about the rampancy of the issue.

In response to the increasing prevalence of the issue, financial institutions are, “filing hundreds of thousands of reports with the federal government about these suspicions,” and the agency’s new report highlights key details of Suspicious Activity Reports (SARs) that the institutions have submitted to it.

Among the data revealed in the report, there is an increasing level of frequency in financial scams targeting older Americans.

“SAR filings on elder financial exploitation quadrupled from 2013 to 2017,” the CFPB said in its blog post announcing the report’s release. “In 2017, financial institutions filed 63,500 SARs reporting elder financial abuse. Yet these SARs likely represent only a tiny fraction of the actual 3.5 million incidents of elder financial exploitation estimated to have happened that year.”

The reports are also not limited only to banks or credit unions, but also extend to money services businesses used by consumers to wire money. Older adults aged between 70-79 reportedly lost around $43,300, but the figure of average loss grows to around $50,000 in cases where the victim knew their scammer.”

Click here to read the full RMD article.

Click here to read the CFPB blog post.

See you in Huntington Beach!

Allegiant Reverse Services is excited to kick-off the 2019 conference circuit by attending NRMLA’s Western Regional Meeting in Huntington Beach.

NRMLA says it best, “Reverse mortgage professionals, no matter what role they play in their companies, attend NRMLA’s meetings year after year to improve their standing in the marketplace.”

Click here to learn more about the event. 

Please contact us to schedule a meeting by emailing Solutions@AllegiantReverse.com. We look forward to seeing you there!