Updates

Disabling REiSource 3/1/25 – Setup StewartNow Account Today!

February 20, 2025/in Updates/by Adan Gutierrez

At the end of February 2025 we will be disabling REiSource as a property profile tool. Moving forward, StewartNow will be the sole property profile tool offered by ARS.

In addition to having access to pull property profiles with property details, transaction history and sales comparables, StewartNow will also have access to search and pull recorded documents (county permitting).

StewartNow Live Demonstrations

Thursday, February 20, 2025
https://attendee.gotowebinar.com/register/1416076863813615957

10:00 AM (Pacific Time)
Webinar Time Zone Conversion
11:00 AM – 12:00 PM MST
12:00 PM – 1:00 PM CST
1:00 PM – 2:00 PM EST

Thursday, February 27, 2025
https://attendee.gotowebinar.com/register/5485163789538205277

10:00 AM (Pacific Time)
Webinar Time Zone Conversion
11:00 AM – 12:00 PM MST
12:00 PM – 1:00 PM CST
1:00 PM – 2:00 PM EST

You can email Solutions@AllegiantReverse.com today to make the switch to StewartNow. Thank you.

Increase in Foreclosures

February 20, 2025/in Updates/by Adan Gutierrez

Written By: Tina Meilinger, Senior Vice President

Over the past few months, we have noticed an increase in the number of borrowers we are seeing in Foreclosure. A reverse mortgage is a wonderful program for so many and especially those that may be struggling to make ends meet and alleviate the chance of losing their home in foreclosure.

Since the states vary on guidelines and requirements, here are some helpful questions to ask at the onset.

Are you current on your payments now?
Have you entered into any modification agreements with your current lender?
Do you receive notices that you are delinquent on payments?
Obtain a copy of their current mortgage statement, this shows the payment due and can show how late they may be on their payments.

These are just a few of the questions that can help borrower and lender as you move through opening escrow. Some states record a Notice of Default which would tell when a home may be going to sale, other states file a Lis Penden, some lenders work through their loss mitigation team. Asking early on if the foreclosure sale can be postponed often allows additional time to get the reverse mortgage closed and paid off. Foreclosures can occur not only due to a payoff but can happen on delinquent taxes, after a period of years

Remember, each state differs and some may not have any rights of redemption, so understanding and confirming at the onset will be extremely helpful.

We all want to help the borrowers and most importantly limit the chance of losing their home in foreclosure.

February Calculator Updates

February 1, 2025/in Updates/by Adan Gutierrez

We are constantly updating to reflect any increases or decreases in state fees or underwriter changes to ensure you are pulling accurate quotes each time. Our calculator has been updated to reflect fee changes in the following state(s):

– Arizona
– California
– Kentucky
– Oklahoma
– Washington

Conveniently get a quote any time, day or night, by simply and accurately inputting the required information and let our interactive fee calculator do the rest. Please call 844-808-8299 or email Solutions@AllegiantReverse.com for further details or for a quote.

February Webinar

February 1, 2025/in Updates/by Adan Gutierrez

How to Customize Data Lists with TitlePro 247

Thursday, February 13, 2025
10:00 am PST

Click here to register.

Happy Valentines Day!

February 1, 2025/in Updates/by Adan Gutierrez

We love what we do because of you. We just couldn’t let Valentine’s Day pass without letting you know how appreciated you are. Thank you for your partnership.

January 2025 Office Closures

January 2, 2025/in Updates/by Adan Gutierrez

Our office will be closed on Wednesday, January 1, 2025, in observance of New Years Day.

Our office will be closed on Monday, January 20, 2025, in observance of Martin Luther King Jr. Day.

January Calculator Updates

January 2, 2025/in Updates/by Adan Gutierrez

We are constantly updating to reflect any increases or decreases in state fees or underwriter changes to ensure you are pulling accurate quotes each time. Our calculator has been updated to reflect fee changes in the following state(s):

– Kentucky
– Oklahoma

The ARS Fee Calculator has also been updated to reflect the new HECM limit, $1,209,750.

Conveniently get a quote any time, day or night, by simply and accurately inputting the required information and let our interactive fee calculator do the rest. Please call 844-808-8299 or email Solutions@AllegiantReverse.com for further details or for a quote.