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

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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

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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 [email protected] if you would like to hear more about what was covered at this great event.

The CoreLogic Store

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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

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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

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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!

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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 [email protected]. We look forward to seeing you there!

 

  

March Webinars

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Ins and Outs of Title and Settlement in Texas

Wednesday, March 13,  2019 – 10:00am PST/1:00pm EST 

Join us for a webinar dedicated to walking you through a Texas closing from start to finish, with an emphasis on Texas guidelines. We will review vesting tips and hits, required forms and documents, state specific fees, trusts and so much more.

Click here to register.

 

Introduction to Powers of Attorney

Wednesday, March 20,  2019  10:00am PST/1:00pm EST

Reverse mortgages are complex and being prepared is key to a successful closing. Powers of Attorney are very common in the Reverse Mortgage industry. We are happy to share our experience and knowledge with you and together we can make the borrower’s experience a pleasant one.

Click here to register.

Announcing NRMLA 2019 Committee Member

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Megan Awalt, Vice President, has been selected to join NRMLA’s Independent Certification Committee. A committee dedicated to administering the Certified Reverse Mortgage Professional (CRMP) designation.

 

Kansas State Stamp Tax

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For all mortgages of real property, or renewal or extension of such a mortgage, received and filed for record on and after January 1, 2019, the tax shall be 0.0% of the principal debt or obligation which is secured by such mortgage.

Use the link to see the full statute: STATE STAMP TAX – Statute Kansas State Legislature

Our calculator was updated to reflect this change effective January 1, 2019.

 

Only you can PREVENT FRAUD!

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With the aging of the baby boomers, an average of 10,000 Americans are turning 65 every day and will continue at that rate until the year 2030. At which point one in five persons in the U.S. is projected to be 65 years or older and the numbers are projected to reach 74 million. By 2050, the elderly population in America is expected to reach 88 million; by 2060, more than 98 million.
Imagine the people you know who fit into the statistics above, wouldn’t you want to know they are educated, protected and taken care of?
If we all do our part to remain aware and informed then we are a step closer to preventing further fraud. But it takes more than a village, it takes you.
Start with taking action and reporting fraud. Call the Senate Aging Committee Toll Free Fraud Hotline to report fraud or suspected fraud for investigation. You can also receive tips on how to avoid scams and fraud.
Call Monday – Friday
9:00 am – 5:00 pm (EST)
1.855.303.9470