National Reverse Mortgage Lenders Association

Nations Lending Opens New Branches in Sparta and Toms River, New Jersey, and Bruce Laukaitis and John Zura are the Branch Managers

Retrieved on: 
Wednesday, September 13, 2023
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Nations Lending is dedicated to providing exceptional service to buyers in both Sparta and Toms River, as well as the wider New Jersey area.

Key Points: 
  • Nations Lending is dedicated to providing exceptional service to buyers in both Sparta and Toms River, as well as the wider New Jersey area.
  • View the full release here: https://www.businesswire.com/news/home/20230913687003/en/
    Bruce Laukaitis, who will be leading the Sparta branch, is an accomplished professional with over 20 years of expertise in mortgage lending.
  • John Zura, who is the head of the Toms River branch, is a seasoned industry professional with over 20 years of experience in residential lending.
  • "We are excited to welcome Bruce Laukaitis and John Zura to Nations Lending," says Tim Dowling, VP Regional Manager.

Fairway Independent Mortgage Corporation Adds Veteran Reverse Industry Educator Craig Barnes; Names New President of Reverse Lending, Tane Cabe; Promotes Reverse Executive Team

Retrieved on: 
Tuesday, February 21, 2023
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MADISON, Wis., Feb. 21, 2023 /PRNewswire/ -- Fairway Independent Mortgage Corp. today took key next steps to evolve reverse mortgage origination across its network.

Key Points: 
  • MADISON, Wis., Feb. 21, 2023 /PRNewswire/ -- Fairway Independent Mortgage Corp. today took key next steps to evolve reverse mortgage origination across its network.
  • Leading the charge will be newly named President of Reverse Lending, Tane Cabe.
  • "The key to efficiency in closing is clean files, and the key to clean files is excellent training.
  • Craig also is an educator for the National Reverse Mortgage Lenders Association (NRMLA) and assists in certifying reverse mortgage professionals with the CRMP program.

FAR Launches HomeSafe Second: The Only Second-Lien Reverse Mortgage Product Empowering Older Americans to Tap Home Equity Without Making Monthly Payments

Retrieved on: 
Wednesday, February 1, 2023
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Recognizing this growing, largely unmet need for pre-retirees and retirees seeking flexibility, leading retirement mortgage solutions innovator Finance of America Reverse (“FAR”) today announced the launch of an enhanced version of HomeSafe Second.

Key Points: 
  • Recognizing this growing, largely unmet need for pre-retirees and retirees seeking flexibility, leading retirement mortgage solutions innovator Finance of America Reverse (“FAR”) today announced the launch of an enhanced version of HomeSafe Second.
  • “More than 21 million homeowners aged 55 or older had a mortgage in 2021, according to data from the U.S. Census Bureau.
  • We believe many of these homeowners could be potential HomeSafe Second customers,” said Kristen Sieffert, President of FAR.
  • For older homeowners, a HomeSafe Second loan might help them meet their financial and retirement goals.

Nearly 90% of Seniors Think the United States is Experiencing a Retirement Savings Crisis

Retrieved on: 
Wednesday, February 15, 2023
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IRVINE, Calif., Feb. 15, 2023 /PRNewswire/ -- Fearful of outliving their savings, many older homeowners are making difficult lifestyle choices to cut expenses, according to new data from American Advisors Group (AAG). Despite inflation and economic concerns, some seniors have managed to weather the storm without making lifestyle changes. However, some seniors have had to cutback. To learn exactly how seniors are feeling AAG, a national leader in home equity solutions for seniors, conducted the Retirement Savings Crisis Survey, with over 1,500 participants ages 60-75 across the U.S., to gain more understanding.

Key Points: 
  • Despite inflation and economic concerns, some seniors have managed to weather the storm without making lifestyle changes.
  • To learn exactly how seniors are feeling AAG, a national leader in home equity solutions for seniors, conducted the Retirement Savings Crisis Survey, with over 1,500 participants ages 60-75 across the U.S., to gain more understanding.
  • "The retirement savings crisis is a real thing.
  • The data show that seniors are feeling economic strain, and some are fearful that they will outlive their savings.

Revolutionary Retirement Income Style Awareness (RISA) Assessment Founders Announce Formation of Advisory Board Packed with Industry Heavy Hitters, Plan Go-To-Market for January 2023

Retrieved on: 
Monday, November 21, 2022
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The first members of the RISA Advisory Board include:

Key Points: 
  • The first members of the RISA Advisory Board include:
    John Faustino , Head of Broadridge Fi360 Solutions , Broadridges fiduciary education and technology business.
  • Faustino, a visionary in the retirement income space, also founded the Retirement Income Consortium .
  • Bonnie Treichel , founder and Chief Solutions Officer of Endeavor Retirement , who brings both experience as an Employee Retirement Income Security Act (ERISA) attorney and as a retirement plan advisor to the RISA Advisory Board.
  • RISA, the Retirement Income Style Awareness profile, is built on a retirement income framework that blends psychology and financial planning to help investors identify their unique retirement income preferences.

Finance of America Reverse and Morningstar Collaborate to Educate Financial Advisors about Reverse Mortgages

Retrieved on: 
Thursday, October 13, 2022
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With FAR, financial advisors will learn about the unique benefits of a reverse mortgage and FARs other home equity products.

Key Points: 
  • With FAR, financial advisors will learn about the unique benefits of a reverse mortgage and FARs other home equity products.
  • Financial advisors play a critical role in helping people plan for their retirement.
  • FAR's education within Morningstar Advisor Workstation helps fill a significant gap between financial advisors guidance and consumers expectations.
  • Product offerings include mortgages, reverse mortgages, and loans to residential real estate investors distributed across retail, third-party network, and digital channels.

Three in Four Generation X Adult Children Want Their Parents to Retire in the Comfort of Their Own Home *

Retrieved on: 
Friday, October 14, 2022
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IRVINE, Calif., Oct. 14, 2022 /PRNewswire/ -- Inflation and current economic conditions are creating problems for senior Baby Boomers, and new data from American Advisors Group (AAG) show that many of their Generation X (Gen X) children are not emotionally or financially prepared to care for them in their later years. To learn exactly how Gen X adult children are feeling, AAG, a national leader in home equity solutions for seniors, conducted the Adult Children Survey with over 1,500 participants ages 40-55 who have senior parents.

Key Points: 
  • AAG's Adult Children Survey Shows Generation X Adult Children are Not Emotionally or Financially Prepared to Care for Their Parents in Later Years.
  • "The retirement savings crisis is real, and many Gen X adult children are telling us that caring for their parents will be extremely difficult and potentially unattainable."
  • The data show that Gen X adult children are not emotionally or financially prepared to care for their parents:
    Roughly three in four adult children want their parents to age in the comfort of their own home.
  • Half of Gen X adult children in the U.S. do not know how much debt their parents have amassed.

Majority of Retirees and Pre-Retirees Lack Sufficient Savings to Retire by Age 65, According to New Research from The Stanford Center on Longevity and FAR

Retrieved on: 
Monday, October 3, 2022
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Reality in Retirement Planning, a new study from the Stanford Center on Longevity (SCL) that examines the challenges and concerns facing retirees and pre-retirees as they plan for retirement.

Key Points: 
  • Reality in Retirement Planning, a new study from the Stanford Center on Longevity (SCL) that examines the challenges and concerns facing retirees and pre-retirees as they plan for retirement.
  • The study findings show that the majority of retirees and pre-retirees are not financially prepared for retirement and lack sufficient savings to fully retire at age 65.
  • The findings also indicate there is room to improve the resources retirees and pre-retirees use to help make retirement planning decisions.
  • Download the full report here: disconnectedretirement.stanford.edu
    The Stanford Center on Longevity conducted this study with support from Finance of America Reverse.

Great Place to Work® and Fortune Name AAG One of the 2022 Best Workplaces in Financial Services & Insurance™

Retrieved on: 
Wednesday, September 28, 2022
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IRVINE, Calif., Sept. 28, 2022 /PRNewswire/ -- Great Place to Work® and Fortune have honored American Advisors Group (AAG) as one of the 2022 Best Workplaces in Financial Services & Insurance™. Earning a spot means that AAG is one of the best companies to work for in the country.

Key Points: 
  • IRVINE, Calif., Sept. 28, 2022 /PRNewswire/ -- Great Place to Work and Fortune have honored American Advisors Group (AAG) as one of the 2022 Best Workplaces in Financial Services & Insurance.
  • Earning a spot means that AAG is one of the best companies to work for in the country.
  • "AAG is truly a very special place, where we do extraordinary things for seniors, so they can achieve a better retirement."
  • Great Place to Work selected the Best Workplaces for Financial Services & Insurance by gathering and analyzing confidential survey responses from more than 176,000 employees from Great Place to Work-Certified companies in the financial services and insurance industry.

Constellation Mortgage Solutions' Stephen Ryczek Appointed to NRMLA Board of Directors

Retrieved on: 
Friday, August 12, 2022
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SOUTHFIELD, Mich., Aug. 12, 2022 /PRNewswire-PRWeb/ -- Stephen Ryczek, President of Constellation Mortgage Solutions (CMS), a provider of enterprise mortgage loan origination and servicing technology, was recently appointed to the NRMLA Board of Directors. Earlier this year, CMS acquired ReverseVision, a reverse mortgage loan origination system, and is proud to offer it among its suite of enterprise-level platforms.

Key Points: 
  • SOUTHFIELD, Mich., Aug. 12, 2022 /PRNewswire-PRWeb/ -- Stephen Ryczek, President of Constellation Mortgage Solutions (CMS), a provider of enterprise mortgage loan origination and servicing technology, was recently appointed to the NRMLA Board of Directors.
  • "I am honored to be appointed to the NRMLA Board of Directors," says Ryczek.
  • "I am delighted Stephen has accepted this invitation to serve on NRMLA's Board of Directors," says NRMLA President Steve Irwin.
  • Constellation Mortgage Solutions provides industry-leading lending technology solutions through its products: Mortgage Builder LOS, Mortgage Builder LSS, and ReverseVision LOS.