BLOOMFIELD, N.J.–(BUSINESS WIRE)–Reverse
Mortgage Funding LLC (“RMF”), one of the nation’s leading reverse
mortgage lenders and 2016’s top issuer of Home Equity Conversion
Mortgage-backed securities (HMBS), today announced that two of its
experts, Rob Cooper, National Director – Builder/Realtor HECM for
Purchase Program, and Julie Didyoung, a Pennsylvania-based Reverse
Mortgage Specialist (NMLS ID #485913), will be featured presenters at
the 2017 National Association of Home Builders (NAHB) International
Builders’ Show® (IBS). Both Mr. Cooper and Ms. Didyoung will serve on
the panel titled “Closing the Deal by Meeting the Needs of Your Older
Buyers with a Reverse Mortgage” scheduled for Tuesday, January 10 at
10:00 AM ET.
According to Freddie Mac Vice President and Chief Economist Sean
Becketti, there are 19 million age 55+ home owners who plan to buy a
home at least one more time, and nearly eight million expect to move
within the next four years. Given this strong demand for new homes
amongst Baby Boomers – a generation that home has often been overlooked by
homebuilders across the country – it is critical for homebuilders,
mortgage professionals and financial planners to understand how the Home
Equity Conversion Mortgage For Purchase (“HECM For Purchase”) program
can be a powerful resource for driving sales and increasing the
purchasing power of older Americans.
“The HECM For Purchase program is something that all real estate and
financial professionals need to know about as it can be a game changer
for today’s high number of retirees, allowing them the freedom to
purchase a home that better suits their lifestyle while maintaining
financial flexibility,” said Mr. Cooper. “By partnering with
homebuilders across the country to offer this financing option, RMF has
made it possible for many homebuilders to further diversify their
customer base and benefit from the strong dynamic of homeowners in
retirement who are in the market for a new home.”
As a fundamental component of the presentation, Mr. Cooper will provide
a high-level overview of how the HECM For Purchase program works, and
will demonstrate how it has positively impacted the sales of
homebuilders around the country. Ms. Didyoung will highlight examples of
customers throughout Pennsylvania who have leveraged RMF’s HECM For
Purchase program to purchase their dream home from Scarmazzi Homes, one
of the many homebuilders across the U.S. that offers this financing
option.
Other featured experts scheduled for the “Closing the Deal by Meeting
the Needs of Your Older Buyers with a Reverse Mortgage” panel
include Scarmazzi Homes Co-Founders Paul Scarmazzi and Lisa Scarmazzi.
Mr. and Mrs. Scarmazzi will explain the rationale behind incorporating
the HECM For Purchase program into their business plan, will share the
compelling results of this decision, and will detail the most effective
ways to market the program. Furthermore, they will also provide insight
into how the HECM For Purchase program can help older American
homebuyers afford many of the upgrades and/or different style homes they
need or desire.
About Reverse Mortgage Funding LLC
Established in 2012, Reverse Mortgage Funding LLC (NMLS ID #1019941) is
one of the fastest-growing lenders in the industry, one of the nation’s
largest GNMA issuers of reverse mortgages, and a recognized thought
leader in the reverse mortgage business. A wholly owned subsidiary of
Reverse Mortgage Investment Trust Inc. (RMIT), the company’s focus is on
originating, acquiring, investing in, and managing reverse mortgage
loans and securities backed by reverse mortgage loans. The company is
headquartered in New Jersey, with corporate offices in New York and
California and field offices throughout the U.S. Learn more by calling
(844) 804-3863 or visiting www.reversefunding.com.
Follow Reverse Mortgage Funding LLC on Facebook at www.facebook.com/reversemortgagefundingllc
and on LinkedIn at www.linkedin.com/company/reverse-mortgage-funding-llc.
This material has not been reviewed, approved
or issued by HUD, FHA or any government agency. The company is not
affiliated with or acting on behalf of or at the direction of HUD/FHA or
any other government agency.
©2016
Reverse Mortgage Funding LLC, 1455 Broad Street, 2nd Floor, Bloomfield,
NJ 07003, 1-888-494-0882. Company NMLS ID: #1019941 (www.nmlsconsumeraccess.org).
Equal Housing Lender. Arizona Mortgage Banker License #0927682; Licensed
by the Department of Business Oversight under the California Residential
Mortgage Lending Act; Loans made or arranged pursuant to a California
Finance Lenders Law; Georgia Mortgage Lender Licensee #36793; Illinois
Residential Mortgage Licensee; Massachusetts Mortgage Lender License
#ML1019941; Licensed by the New Jersey Department of Banking &
Insurance; Rhode Island Licensed Lender; Texas Mortgage Banker
Registration in-state branch address 6044 Gateway East, Suite 236, El
Paso, TX 79905. Not intended for Hawaii and New York consumers. Not all
products and options are available in all states. Terms subject to
change without notice. Certain conditions and fees apply. This is not a
loan commitment. All loans subject to approval. L766-Exp012018
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