Jim Cory highlighted that the National Reverse Mortgage Lenders Association seeks to increase the visibility of reverse mortgages, emphasizing their importance in the evolving mortgage landscape. He noted that outreach at industry events is crucial for enhancing understanding and acceptance among potential partners.
Cory remarked on the improved receptivity of forward mortgage professionals, stating, 'The openness that people have is far better than it has been in years past.' He attributed this shift to the emergence of new major players in the forward market.
At the MBA event, Cory indicated a significant presence of reverse mortgage professionals, suggesting that the industry is becoming more integrated with forward lending practices. He stated, 'People are talking and want to hear more,' underlining the increased interest.
The concerted efforts of reverse mortgage professionals to engage with their forward counterparts reflect a strategic pivot in the industry, aiming to create a more comprehensive mortgage product offering amidst changing market conditions.
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