This is an interesting article from the Wall Street Journal about why Wells Fargo isn’t doing reverse mortgage loans anymore. Regulations on the bank limit their ability to get information they need to make decisions, so they ended the program. Other lenders are still lending, but this will be something to watch.
Real Estate Business
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Wells Fargo No Longer Accepts Reverse Mortgages
Friday, June 17th, 2011Basics for Building a Better Business
Wednesday, November 17th, 2010Last week I taught this class to a group of agents in Murfreesboro, TN at the Middle Tennessee Association of Realtors. Terrific class with everyone participating. One of the brokers suggested this would be a great class to be required by all new agents. We discuss the income and budgetary sides of the business. How and where do agents get business. And once they have the business, how are they servicing their clients to make sure that clients get the best care with the least amount of stress! Are your agents providing the level of service your clients need and deserve?
