Our Education Calendar provides you with an overview of our scheduled classes for 2019. Please remember that we are happy to offer individual sessions or a customized training to best fit the needs of your office. Our online library of previously recorded classes is also available to view at your convenience.
Click the link below to download your copy of the 2019 Education Calendar.
It was recently announced that for the period January 1, 2019 through December 31, 2019, the national lending limit for Home Equity Conversion Mortgages will increase to $726,525.
Our calculator and new orders have been updated to be ready for this change effective January 1, 2019.
Click here to read the Mortgagee Letter.
Dear Reader,
This year’s NRMLA Annual Meeting and Expo was a great success. We enjoyed visiting with our partners and meeting new faces. This year we wanted to bring a little fun back to the conference. We hope you enjoyed Ron Burgundy and his news crew in San Diego, CA. Thanks to everyone for your participation!
Click the video below to see Ron’s full coverage report during the conference. Ron interviewed several industry professional’s to confirm that ARS is the best in the industry.
Ron Burgundy’s Field Report
In case you missed the promo and staff interviews videos, please check out the links below.
Stay classy San Diego and thanks for stopping by!
By now everyone is aware of the magnitude of the damage caused by the fires in California. Our industry is rooted in the shared mission of helping seniors by aging in place and improving their lives by helping to provide financial security. The Camp Fire has threatened the safety and security of thousands of seniors who have lost their personal belongings, their homes and the lives of some of their loved ones. All of us at Allegiant Reverse Services (ARS) have come together to try and help in any way we can by adopting a senior, donating supplies, clothes, toys and we have scheduled multiple ARS teams to head up to Chico, CA to help wherever it’s needed.
We have seen firsthand the generosity and community spirit of the reverse mortgage industry and we’re asking for you to join us in helping the senior population in Butte County. Allegiant Reverse Services (ARS) has started by helping one senior relocate to her new home. Click Here to read Carol’s story.
Together we can, and we will do more! ARS has chosen Paradise Alliance Church because of their focus on the senior community. They are a part of the 5% of the structures that survived the fire that wiped out the the town of Paradise. Their church will be used as a hub for the rebuilding efforts and they need help. They are working directly with more than 600 members who are seniors to assess their needs, and with our donations they will be in a better position to do so. We are directing the money to go towards helping pay for lodging for seniors who have lost their homes.
You may donate directly to Paradise Alliance Church through this GoFundMe account.
Find out more information about the Paradise Alliance Church here: https://paradisecma.org/
Some current statistics of the Camp Fire in Northern California. For more current statistics please click here.
As of 11/19/2018
Our hearts go out to all affected by this disaster and we thank you in advance for your generosity.
Meet Carol and her friends (pictured above) who were displaced during the Camp Fire in Butte County, CA. Carol is safe, but her friends need a place to stay.
Caroline Elizabeth Rollo was a resident of Magalia for 9 years with her late husband, Ted a.k.a. Teddy Bear. After Ted’s passing, Carol moved on to live at Feather Canyon Retirement in 2008 and has developed a community of great friends. Caroline loves to dance; in fact, in her younger years she and Ted danced competitively. Carol is wonderful in the kitchen, she loves to bake, cook and has a wicked sense of humor.
On Thursday, November 9th at 7:30 am, Carol and her dog Sadie stood at the corner of Feather Canyon Retirement parking lot when her close friends Dwight Lightbody (Buddy) and Rich Brown drove by and picked her up. At this time the fire had spread to surround their vehicle; luckily, the 3 narrowly escaped Paradise arriving in Corning 8 hours later. Carol is currently staying with family until she can relocate to a new residence. Buddy and Rich are staying at hotel in Redding as they pursue a new residence.
Allegiant Reverse Services (ARS) has bought Carol a new bed, dresser, TV and are replacing her favorite lounge chair. Our team has come together to do whatever we can to help make her relocation to Roseville a little easier. We know nothing can replace what she has lost, but we’re doing everything we can to make sure her basic needs are taken care of. There are hundreds more just like Carol who are temporarily or permanently relocating while their community gets rebuilt.
If you can help in any way please contact us at info@allegiantreverse.com.
Cybersecurity at Home
Home computer users have been victims of unprecedented cyber-crime over the past decade. Recent exploits of home computer users include Ransomware, Identity Theft, Harassment and Extortion. The primary means of delivering cyber attacks against home used ins the Internet and statistically, no age group is immune either. Click here to review the FBI 20127 Internet Crime Report.
There are many things you can do to prevent cyber-crime. Check out there useful links for making you computer and Online data more secure:
Click here to learn 10 ways to secure a new computer.
Click here to learn about virus basics.
Click here to learn best practices when choosing and protecting your passwords.
Click here to learn about home network security.
Mobile Device Security
Mobile Devices such as smart phones and tablets have become the new computers-of-choice for millions of Americans and introduce entirely new threats to one’s identity and information. As a rule of thumb in the cybersecurity community, all mobile devices are considered “untrusted devices” by their very nature. The number of apps available for Android and iOS operating systems, which constitute the largest share of mobile devices, have exploded offering users everything from real-time traffic information to Online banking. However, cybersecurity professionals have struggled to keep up with the ability to secure these devices and the apps that use them. The primary threats to mobile users are:
Malicious Apps (Mobile Malware): there are a significant number of apps that are specifically designed to infect the user’s mobile device such as Trojan software (a type of computer worm). These malicious apps intentionally steal data from other apps on the phone (such as contacts), steal data form files on the device such as photo’s and videos, allow cyber-criminals to intercept calls and text messages and allow malicious actors to turn on cameras and record sounds.
Insecure Apps: It is estimated that over 80% of all mobile apps have significant vulnerabilities that could lead to exploitation by cyber-criminals leading to data loss and device compromise.
Insecure WiFi Exploitation: There are many applications designed to trick users to log into them posing as WiFi hot-spots. Once connected, these applications, called Remote Access Tools (RATs), can hijack the entire mobile device and compromise all of its data.
Click here to learn best practices when is comes to securing your mobile device.
Click here to learn the 10 best ways to secure your android phone.
Click here to learn iPhone security tips.
Social Media Security Concerns
Social Media sites have grown in popularity over the past decade and have offered an avenue for people to connect in ways that were unimaginable in previous generations. The ability to allow users to share photo’s, videos and intimate personal information does not come without risk. Modern Social Media sites have introduced new considerations for cybersecurity from cyber-bullying to privacy concerns where anyone from cyber-criminals to large corporations can have access to your personal information.
Click here to get more information on how to stay safe on social media.
Online Shopping Security
Online Commerce has exploded in growth over the past 15 years providing more choices and convenience for customers than ever before. From monolithic Online retail sites such as Amazon to small businesses providing niche products and services there is no doubt that Online shopping is here to stay. As such, cyber-criminals have concentrated significant efforts in compromising Online shopping sites and your shopping data through various means. StaySafeOnline (powered by the National Cybersecurity Alliance) has published valuable information for consumers to stay safe when shopping Online.
Click here for more information on how to safely shop online.
Banking and Finance Online
It is almost impossible to find any bank or major financial institution that does not offer Online portals for customers to do just about everything from checking their balance, paying bills and investing in the stock market. As with Online shopping, or any type of action that could compromise financial data for that matter, cyber-criminals have historically targeted banks and Online financial applications.
Although consumers cannot control how financial institutions secure their data, there are steps you can do to help protect your financial information when banking Online.
Click here to learn 13 essential online banking tips.
It’s amazing what a difference a year makes; an advancing market with the introduction of proprietary products and continued policy developments. Something we can count on is the ever-changing structure of the business and a forum to discuss what the future holds, NRMLA’s 2018 Annual Meeting & Expo. An event that fosters collaboration between reverse mortgage professionals, a time of year where we come together to share, build and explore.
Allegiant Reverse Services’ management will be in attendance. Be sure to stop by and visit with us. We look forward to seeing you there.
For more information about this event please click here. Email Solutions@AllegiantReverse.com to schedule a meeting with us.
Across the mortgage lending space, wire fraud attempts are on the rise as hackers become increasingly sophisticated in their methods of deception.
In 2016, the American Land Title Association revealed that title companies reported an alarming 480% increase in wire fraud scams.
Allegiant Reverse Services, a California-based reverse mortgage title company, said it has spotted multiple incidents where a scammer poses as a HECM borrower requesting a wire transfer.
Allegiant Reverse Vice President Megan Awalt said that while all mortgage loan transactions are susceptible to scammers, it makes sense that this could be especially prevalent in HECM transactions.
“The reverse world does seem to have a high number of originators who use non-company email addresses, and those do leave more room for problems,” Hafenstein said.
Click here to read the full article on HousingWire.com.
• The Federal Housing Administration on Friday announced a new appraisal requirement for Home Equity Conversion Mortgage lenders in another attempt to stem losses to the Mutual Mortgage Insurance Fund. Read the Mortgagee Letter here: Mortgagee Letter
• Earlier this week Finance of America Reverse announced their new HomeSafe Second-Lien Reverse Mortgage. Allegiant Reverse Services is listed on the FAR Job Aid that went out to their customers as one of three preferred vendors for this product. Please email solutions@allegiantreverse.com for more information or to open an order. To read the article click here.
As the reverse mortgage lenders have adjusted to meet the needs of California borrowers, so have we! In the article below, Reverse Mortgage Daily details the ways in which the new menu of proprietary products have stepped in to fill the void in California that the HECM hasn’t been able to meet. Our business is built on adjusting to the needs of our clients as well as the needs of the market.
To adapt towards the emphasis on the new products, we have lowered our California rates for home values at and above the maximum claim amount. If you haven’t pulled a quote recently, do so today! If you currently don’t have a log in to our calculator, you may request one at solutions@allegiantreverse.com.
Our value not only comes from our service and expertise but also by offering competitive rates throughout the nation. If you haven’t used us before, open an order today to see for yourself why 30% of reverse mortgage closings are done with our company.
California Poised to Take Center Stage in Private Reverse Mortgage Market
As new proprietary reverse mortgage products are teased and released, California sits as a prime potential market for borrowers looking for home equity-tapping options outside of the federal program. Favorable tax laws, high property values, and a large retiree population are a few reasons why jumbos could be poised to take off in the state.
Click here to read the full article.
