Bank of America and Wells Fargo Exit The Reverse Mortgage Industry

In the past few months, we have seen arguably the two largest reverse mortgage banks exit the industry.  The news surprised most folks and created a major shake in the industry that is still being felt primarily by those employees left looking for new jobs.  There were some who were less surprised and pointed out the small percentage of business that was lost by Wells and BofA as compared to their overall company revenues.  Thus making it easier to understand their decision to focus on their core business of traditional banking. 

As for the rest of us who are committed to the industry, this is an exciting opportunity to connect with even more clients who will continue to require the reverse mortgage program for years to come.  We have always thought of ourselves as specialists and now more than ever we will have a chance to demonstrate that to the public.  The service to be provided will now come from people and companies who have made reverse mortgages their career and take great pride in helping seniors obtain financial security.  To speak to one of these dedicated specialists, please call :  877.576.3783 or visit www.reversemortgagebenefit to be paired with a reverse mortgage specialist.