Reverse Mortgage Lenders Meeting and Expo
2007 NRMLA Annual Meeting & Expo
The Reverse Mortgage Business: Reaching For a New Stratosphere
This is a milestone year for us as we celebrate our 10th anniversary at the NRMLA 2007 Annual Meeting & Expo, November 14-16, in San Diego.
We have developed an information-rich agenda, with our largest exhibit area ever — the only one anywhere offering products and services exclusively oriented to reverse mortgage companies. Plus, we’re planning a big bash to celebrate NRMLA’s 10 years of helping the reverse mortgage business grow.
Looking back, it’s pretty amazing how far we’ve come.
In 1997, FHA insured only 5,208 Home Equity Conversion Mortgages; NRMLA had 31 members and 35 people attended our first conference in Chicago. The general public, the mortgage industry or Wall Street all paid little attention to us. There was only one investor, Fannie Mae, and just two reverse mortgage products, the HECM and the Home Keeper.
This year, we’ve reached a new stratosphere – achieving widespread recognition of reverse mortgages as a mainstream personal financial management option. We are seeing multiple investors enter the market bringing more product innovation than ever before to better assist America’s retirees. Still a dominant force, FHA is expected to endorse over 100,000 loans in 2007, NRMLA currently represents nearly 600 (and climbing) and we’re anticipating over 1,000 attendees at the 2007 NRMLA Annual Meeting & Expo.
At this year’s conference, we will reflect on the reverse mortgage industry’s accomplishments to date, honor individuals who helped get us to where we are and examine where the industry is headed.
Our program will feature advanced-level discussions on capital markets and equity investor interest in the reverse mortgage sector, Ginnie Mae’s new HECM securitization program, analytics and factors that drive loan pricing, and new technologies that are being developed to help reverse mortgage lenders operate more efficiently.
We’ll also present introductory, intermediate and advanced level workshops focusing on aging issues, loan servicing, closing and backroom operations, public relations and consumer outreach, marketing and loan origination. The leadership from our primary regulator, the U.S. Department of Housing and Urban Development, has been invited to update us on what the Department is doing to streamline and improve the HECM program.
You won’t find a more comprehensive agenda of reverse mortgage topics anywhere. Best of all, of course, is the opportunity to meet and mingle, share ideas, obtain referrals, gain answers to your questions and develop friendships with the most dynamic individuals in the reverse mortgage business.
If you are a vendor, use our conference as a springboard to gain the valuable exposure within this high-growth sector of the mortgage business by becoming a conference sponsor and exhibitor. We look forward to seeing you in November.
