What is the best way to get reverse mortgage clients?

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I have been doing loans for about 8 yrs and seems that loans are getting tougher to do. I am doing a reverse mortgage and seems to be going very smoothly. This was a referral from someone. What do you experienced loan officers suggest for finding reverse mtg clients?

3 Comments
  1. Reply
    beachgirlfoodie
    May 16, 2011 at 4:54 am

    Learn as much as you can about reverse mortgages so you can be considered an expert. They are pretty easy to do since credit and income are not an issue.

    However, you do need to be able to explain the benefits, closing costs, etc. Reverse mortgages are not for everyone, and they do have a bit of negative connotation. Also be aware that a lot of folks that are considering reverse mortgages include their children in the decision – you need to be able to explain why the reverse mortgage can benefit your potential client.
    Network at your Chamber of Commerce. Check out Activerain.com -this is a social network for real estate/mortgage professionals. Do a search for reverse mortgage and find out what the top mortgage people are saying and doing.

    Sign up and start a blog. This will not bring you immediate business, but if you keep up at it, you will gain some referral business and get some exposure over time – this social network is very well liked by Google. I once was interviewed by a reporter from from a local news station as a result of an article I posted about a real life reverse mortgage scenario!

  2. Reply
    Sandy Slim
    May 16, 2011 at 5:52 am

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  3. Reply
    Lotus Lim
    May 16, 2011 at 6:12 am

    There have been a several options for lending.just you have to choose depending on your purpose.Most people come up with bad credit for a loan.i don’t think it is not hard to get now a days with out having fair credit score.check this is place may be a help to find solution.

    http://www.bestonlineloancompanies.com

    You can get approved for an online loan on same day.i advise you to pick loan from certified lenders .direct loan is the good choice so that you will get at low apr compared to different states…..

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