With millions of baby boomers soon to enter retirement, experts believe reverse mortgage originations will skyrocket in the coming years.
This could provide a new ripe revenue stream for title companies as turmoil reigns in the mortgage market.
Currently, few settlement service providers understand the product with any amount of proficiency. Our expert panel will guide you through the process of what it takes to service this growing market segment.
Who should purchase this CD?
- Title agents
- Title attorneys
- Escrow officers
What will you learn?
- What is a reverse mortgage?
- How does the process compare to a typical purchase transaction?
- Who are the major players servicing these loans?
- What is a title company's responsibility in the process?
- What services does a loan originator expect from a title company?
- What are common title issues that arise in reverse mortgage transaction?
- How should title companies educate processors on possible reverse mortgage hang-ups?
- How must a title company prepare to handle senior borrowers?
Randall E. Bradley
Executive Vice President
National Closing Solutions
Randall Bradley joined the National Closing Solution's team in January 2002 as Regional Sales Manager. Randall has lead the divisional sales force and helped promote NCS' line of products to lenders and brokers nationally.His background includes more than 20 years of experience in sales and financial analysis. Prior to joining NCS, Randall served as Chief Financial Officer for Paragon Construction in Auburn, Calif. Prior to that he enjoyed a 15 year career with Bank of America, culminating in a position as Vice President and District Sales Manager where he managed operations for 33 retail branches with more than 600 employees.
Vice President, Corporate Counsel
Customized Lender’s Services
David Gutmann is vice president and corporate counsel for Customized Lender’s Services and vice president of First American Title Insurance Company of New York. He has been with the company since 1999. As corporate counsel to Customized Lender’s Services he oversees all regulatory compliance and underwriting matters. He was previously in private practice with two mid-sized firms in the Rochester, N.Y., area where he concentrated his practice in real estate, including residential and commercial.
Anna L. Sommers
Anna is an engagement manager for boutique consulting firm, Vynamic Solutions in Philadelphia PA. Prior to joining Vynamic, Anna was the Northeast Account Manager, Sr. for Countrywide Bank’s Reverse Mortgage division. She handled all top-producing regional accounts, as well national accounts. Prior to joining Countrywide, she was with Credit Suisse Financial Corp for assisting with their Reverse Mortgage operations platform and product development. Anna also has participated in NRMLA's Marketing, and Education committees.
Mary Jane Fiscus
Placer Title Company
Mary Jane has over 30 years of experience in the title and escrow industry, proudly serving Placer Title Company since 1990. With extensive experience on all sides of title and escrow, Mary Jane enjoyed a successful career as an Escrow Officer before becoming a Branch Manager, and now County Manager. With an emphasis on both personal and professional development of staff in Nevada and Placer Counties, Mary Jane has been instrumental in the recruitment of highly skilled employees. Key responsibilities include building strategic partnerships and implementing growth strategy, as well as financial oversight of the Nevada and Placer County divisions.