February Webinars

/in /by
Fraud Prevention – CRMP Certified Course
Wednesday, February 13,  2019 – 10:00am PST/1:00pm EST 
Join us for our new class dedicated to enhancing the security of your transaction. We have compiled a comprehensive overview of some of the most common ways you can detect and prevent fraud. Allow us to share with you ways to stay alert to fraud so you can protect yourselves, your clients and increase overall awareness of the dangers of fraud.
Note: CRMP Credit not available for California residents.
Click here to register.
The Payoff Process
Wednesday, February 20,  2019  10:00am PST/1:00pm EST
Paying off debt is a crucial part of the reverse mortgage transaction. Join us to familiarize yourself with the timeline and requirements when there is debt involved. We will also cover ways to identify potential liens that may cause delays in the closing of your file.
Click here to register.

BCFP Creates Placemat to Educate Consumers About Scams

/in /by

The Bureau of Consumer Financial Protection created a consumer education placemat to help older adults protect themselves from fake charity scams. The placemat is part of a series of consumer education placemats that meal service providers can share with meal deliveries or at group meal sites, financial institutions can share with their customers, faith-based organizations can share with their congregants.

The placemats are free to order in bulk. To accompany the fake charity scam placemat, the BCFP created a brief guide that practitioners can use to prevent, protect, recognize, and report fake charity scams. Read the agency’s blog about fake charity scams for more information.

If you have any questions, members can contact the BCFP at olderamericans@cfpb.gov.

Educate Your Clients About This Social Security Scam

/in /by

In a recent blog posting on the Federal Trade Commission web site, Jennifer Leach, acting associate director of the Division of Consumer and Business Education, played a recording of a new phone scam that has defrauded tens of thousands of people out of a combined $10 million.

“Scammers are saying your Social Security number (SSN) has been suspended because of suspicious activity, or because it’s been involved in a crime,” said Leach. “Sometimes, the scammer wants you to confirm your SSN to reactivate it. Sometimes, he’ll say your bank account is about to be seized – but he’ll tell you what to do to keep it safe. (Often, that involves putting your money on gift cards and giving him the codes – which, of course, means that your money is gone.)”

She also noted that the correct phone number for the Social Security Administration (800-772-1213) is coming across on caller ID, but the phone number that the scammers provide is different. If you or your clients get these calls, you are urged to tell the FTC at ftc.gov/complaint.

As a reminder, NRMLA offers a free consumer brochure — titled Recognize & Report Elder Financial Abuse — that you can download and distribute to your clients that helps them recognize common scams and signs of financial exploitation. Download copies by clicking on the image below.

Recognize & Report Elder Financial Abuse

Delay in IRS Lien Payoff Statements

/in /by

Due to the partial federal government shutdown, there has been a significant delay in obtaining payoff statements from the Internal Revenue Service (IRS). Approximately 12% of the IRS staff are currently working, therefore we’re finding that these requests are impossible to obtain by phone and fax numbers as they are currently not going through.

Remember that all IRS payoff statements must be current, as additional interest, penalties and taxes may have accrued. We are continuing to monitor daily, as I am sure that each of you are as well. If you have any concerns, please feel free to reach out to your settlement team or account manager.

 

Keeping Up with ARS

/in /by

Follow us as we announce new courses and updates, celebrate birthdays and holidays. 

Follow us on Facebook, Instagram and LinkedIn. 

Click here to view more pictures from our holiday party. 

Education Calendar 2019

/in /by

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.

2019 Education Calendar

HECM Lending Limit Increased

/in /by

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. 

Ron’s NRMLA News Coverage

/in /by

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.

Channel 4 News Promo

Ron One on One

Stay classy San Diego and thanks for stopping by!

Camp Fire Relief Fund

/in /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

  1. Butte County
  2. 151,000 acres burned
  3. 66% contained
  4. 77 civilian fatalities – 3 injuries
  5. 11,713 residences, 472 commercial and 3,388 other buildings
  6. Almost 1,000 people missing

Our hearts go out to all affected by this disaster and we thank you in advance for your generosity.

Camp Fire Survival Story

/1 Comment/in /by

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.