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 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.
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This material has not been reviewed, approved
or issued by HUD, FHA or any government agency. The company is not
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©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