InfoMay 18, 2017 · Real Estate
PS Financial Services Owner Shares Expertise During National Reverse Mortgage Lenders Associations Webinar
PS Financial Services, a leading Miami-based Company specialized in Reverse Mortgages Loans, recently had Owner and Principal, Phil Stevenson, a Certified Reverse Mortgage Professional (CRMP), participate as a guest panelist at a webinar held as part of the National Reverse Mortgage Lenders Association’s Reverse Mortgage Education Week. The webinar was also created in partnership with Next Avenue, a PBS news service that covers baby-boomer issues.Press Release VideoLoading the player...Details(prREACH)
PS Financial Services, a leading Miami-based Company specializing in Reverse Mortgages Loans, recently had Owner and Principal, Phil Stevenson, a Certified Reverse Mortgage Professional (CRMP), participate as a guest panelist at a webinar held as part of the National Reverse Mortgage Lenders Association’s Reverse Mortgage Education Week. The webinar was also created in partnership with Next Avenue, a PBS news service that covers baby-boomer issues.
The goal of the panel was to inform how these types of loans work and to try to eradicate common misconceptions related to the industry. Stevenson and his fellow industry professional panelists answered a variety of questions collected by Next Avenue, disclosing the challenges that specialists face when attempting to pitch the products to consumers.
During his portion of the panel discussion, Stevenson focused on explaining why it’s important to comply with Home Equity Conversion Mortgages (HECM) rules and provided specific examples of cases managed by PS Financial Services and how they have counseled several couples with their reverse mortgage. He also explained that, after August 2014, some rules changed for the non-borrowing spouse, ultimately providing them more protection.
Stevenson is one of only approximately 150 CRMPs nationwide and currently sits on the Ethics Committee of the NRMLA. He was also on the expert panel in 2016 assigned to rewrite the National Mortgage Licensing Test, which every person in the United States who wants to become a Licensed Mortgage Loan Originator must pass. To listen to the webinar presented by Next Avenue and NRMLA, please visit https://www.nrmlaonline.org/2017/04/25/education-week-webinar-qa-certified-reverse-mortgage-professionals.
About PS Financial Services
PS Financial Services is a leading company specialized in the Home Equity Conversion program (HECM) or the Reverse Mortgages Loans. The Miami-based company services many seniors in the states of Florida, Georgia, New York, California, Texas and South Carolina, and is conformed by a group of 22 highly experienced Licensed Mortgage Loan originators and Certified Reverse Mortgage Loan Professionals (CRMP). The company’s Principal was appointed to the Ethics Committee of the National Reverse Mortgage Lenders Association (NRMLA) and has been quoted in premium outlets such as Forbes. The Company provides an unparalleled level of service and a commitment to helping their customers in a fast, efficient, and low-cost manner. For more information, please visit https://www.psreversemortgage.com/.LinksQuotes“Whenever a borrower or a client asks me if they can outlive a reverse mortgage and be forced to move, I tell them, ‘yes… when you turn 150 years old,’” Stevenson said, humorously, before adding, “reverse mortgage does have a date on the legal document and you need a date when this mortgage will end, and it’s the youngest borrowers 150th birthday. We know no one is going to reach 150, at least not at this point in history, maybe in the future. So, you can live there for the rest of your life as long as you comply with the rules.”Contact
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