Reverse Mortgage Professionals Remain Optimistic In 2019, Backing Proprietary Products
As much as mortgage professionals wish they could predict the future of the industry, it's just not a reality, though, remaining positive and standing behind strong products is a great way to build a future of your own.
That is what some of today's reverse mortgage professionals are doing with proprietary products being one of the top reasons for all optimism.
"My crystal ball has a lot of fogginess in it, but I think we’ll see progress on HECM since people continue figuring out how to make the economics work," said Chris Mayer, CEO of Longbridge Financial, according to Reverse Mortgage Daily.
"This will be a great year for proprietary products, and we’ll see substantial growth on new and different products. I expect us to continue to see real growth and more in proprietary over HECM products."
The report also revealed that professionals in the reverse mortgage industry see a lot of room for opportunity in 2019. For others, 2019 is just part of a more long-term plan. Looking beyond 2019 has become a priority for many folks who what to be prepared for shifts that could come at any moment.
To learn more about the increased optimism amongst the reverse mortgage industry, click on the image above.
