The RMD Podcast

In the tenth episode of The RMD Podcast, RMD Editor Chris Clow is joined by the VP of Field Retail and Director of Government Relations at Finance of America Reverse (FAR), and co-chair of the National Reverse Mortgage Lenders Association (NRMLA) Scott Norman!Known for his instrumental role in expanding the reverse mortgage business to the state of Texas and being deeply involved in the industry at multiple levels, Norman sits down with RMD to discuss his extensive history in the business while also sharing his informed perspective on what reverse mortgages can look like through 2020 and beyond.Listen to this episode of The RMD Podcast to learn:-- How Norman came to be involved in the reverse mortgage industry-- What it was like to originate Texas’ first HECM-- How he divides time between key roles at both FAR and NRMLA-- FAR’s role in the proprietary product landscape-- And more!

In the ninth episode of The RMD Podcast, Open Mortgage CEO Scott Gordon joins RMD Editor and host Chris Clow!Initially trained as a computer programmer and engineer, Gordon sits down with Chris to discuss his path into the mortgage industry, how he identified opportunities in the reverse mortgage arena, as well as his thoughts on the reverse mortgage industry as it stands right now.Listen to this episode of The RMD Podcast to learn:- The importance of Open Mortgage's company culture.- How Gordon himself sees things differently because of his background in technology.- How Open Mortgage is aiming to position itself for future growth.- And more!

In the eighth episode of The RMD Podcast, RMD Executive Editor and Aging Media Network Director of Content Elizabeth Ecker joins host Chris Clow to talk about the biggest reverse mortgage industry stories covered by RMD in 2019!The past year has been a very eventful one for the reverse mortgage industry, and as we prepare to say goodbye to 2019 and hello to 2020, Liz and Chris take an in-depth look at five of the biggest, most attention-getting industry stories based on RMD website traffic data.Listen to this episode of The RMD Podcast as we discuss:- The story regarding the abrupt closure of top 10 lender Live Well Financial, as well as the ongoing criminal case brought by the FBI against its former CEO.- New reverse mortgage rules and proposals handed down by the federal government, including the indefinite extension of the second appraisal rule and HECM program ideas that came from the White House.- The long odyssey of Ditech Holding Corporation's bankruptcy, along with subsequent attempts to auction off its reverse mortgage servicing business, Reverse Mortgage Solutions.- And more!

In the seventh episode of The RMD Podcast, we speak to the CEO of Longbridge Financial, Chris Mayer!Coming into the business from notable positions in government and in academia, Mayer shares with us how his experiences ultimately led him into a primary leadership position at a top 10 reverse mortgage lender. He also shares his perspective on some of the unexpected things he's had to do as an industry leader, and his perspectives on the future of the proprietary reverse mortgage market.Listen to this episode of The RMD Podcast to learn:- How Mayer's first research paper on the topic of reverse mortgages managed to stick with him.- The philosophy behind the introduction of Longbridge's new Platinum LOC product.- Potential lessons that American reverse mortgage lenders might be able to take from other countries.- The work that remains to be done in communicating reverse mortgage benefits to seniors.

In the sixth episode of The RMD Podcast, we speak to the president of Liberty Home Equity Solutions, Mike Kent!After spending a long time in the traditional, forward mortgage space, Kent's entry into the world of reverse mortgages led him to understand the core, fundamental difference between the two businesses: the people. Whether it's the people he works alongside, or the customers he hears from on a regular basis, Kent shares with us his personal connection to the reverse mortgage industry while balancing all of the responsibilities that come with being a leader within it.Listen to this episode of The RMD Podcast to learn:- What led Kent and Liberty to its company slogan, "changing lives."- How Liberty's proprietary product, EquityIQ, is shaping up so far after its recent launch.- Some of the most influential reverse mortgage changes Mike has observed over his career.- What he sees the future holding for both HECM and proprietary reverse mortgage lending.

In the fifth episode of The RMD Podcast, we speak to reverse mortgage industry speaker and HighTechLending producing branch manager and trainer Martin Andelman!Beginning his career as a writer, Andelman found an affinity for the reverse mortgage product before finding a new career path in the industry. Attendees at industry conferences have likely seen his presentations concerning his perspective on the positioning of the reverse mortgage product, particularly in terms of how going after needs-based borrowers is an unsustainable path for industry success.Listen to this episode of The RMD Podcast to learn:- Andelman's path to the reverse mortgage industry.- Effective ways originators can forge connections with different kinds of trusted advisors.- The necessity in moving away from needs-based borrowers and more toward those who employ loan proceeds strategically.- Tips for originators on how to speak the 'languages' of trusted advisors like attorneys and financial planners.

Gary M. Singer operates out of Fort Lauderdale, Florida, and has written on the topic of reverse mortgages in both regional and national publications. He finds a lot of value in the proposition of the reverse mortgage product for seniors.Listen to this episode of The RMD Podcast to learn:- The function real estate attorneys can serve as trusted advisors.- How Singer developed his positive feelings toward the reverse mortgage product.- Common questions he receives about reverse mortgages in his capacity as an attorney.- Tips for originators on developing referral partnerships with legal professionals.

In the third episode of The RMD Podcast, we go behind the scenes of the National Reverse Mortgage Lenders Association (NRMLA) by speaking with its Executive Vice President.Steve Irwin is one of the most visible leaders of NRMLA, on the front lines of both reverse mortgage industry advocacy and education. In our exclusive interview, we go into detail about the association's activities, touching on a whole host of industry-related topics along the way.Listen to this episode of The RMD Podcast to learn:- What goes into a typical day (even if there is such a thing) for Steve and the staff at NRMLA.- What led Steve from a career in the entertainment business and into his place as a prominent part of the reverse mortgage industry.- How evolving industry trends related to regulation and new proprietary products could effect the ongoing efforts of NRMLA

The second episode of The RMD Podcast features a very special guest! With a reverse mortgage market in a state of evolution, it’s natural to look toward the Federal Housing Administration (FHA) to see if more changes could be made to the Home Equity Conversion Mortgage (HECM) program that could impact the lives of lenders and borrowers everywhere.FHA Commissioner and Acting Deputy Secretary of the Department of Housing and Urban Development (HUD) Brian D. Montgomery sat down with Reverse Mortgage Daily Editor Chris Clow at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in New York to discuss a wide variety of topics related to the HECM program, and the larger reverse mortgage industry.Listen to this episode of the RMD Podcast to learn:- The Commissioner’s perspective on the health of the HECM program so far in 2019, and how FHA will accomplish its review as ordered by the president- The performance of the second appraisal rule, and how its effect on the program is having an impact- The Commissioner’s perspective on how the greater prevalence of proprietary products is serving the industry and its borrowers- The current level of HECM program stability, and the possibility of future program changes being made by FHASubscribe to the RMD Podcast to be notified when new episodes are released. Listen today!

Reverse Mortgage Funding (RMF) is one of the nation’s largest reverse lenders, standing as a top 5 company based on Reverse Market Insight's list of the industry's top lenders.RMF President David Peskin sits down with Reverse Mortgage Daily Editor Chris Clow to discuss the realities inherent in running a major reverse mortgage lender, charting his own journey into a leadership position in the industry as well as the unique perspectives that come from serving as a reverse mortgage thought leader.Listen to this episode of the RMD Podcast to learn:- Major lessons learned by working through the industry and becoming the head of a major lender- Problems David has had to overcome that someone may not expect he's had to contend with- The biggest forward strides the industry has made over the course of his career- Effective marketing practices, and where the future of the reverse mortgage industry lies