Disqus - Friends of The_Critic

Re: GAO Finds Potentially Misleading Claims in Reverse Mortgage Marketing

Kevin Reichard — Tue, 14 Jul 2009 07:43:44 -0000

question - has any senioe EVER lost their home due to unpaid taxes and insurance???!!??

Re: HUD Investigates Financial Freedom Production

Kevin Reichard — Thu, 23 Jul 2009 06:56:13 -0000

It'd be interesting if they audited Wells and JB with the same vigor! How many Wells loans have issues? JB?!?!?!?!?

Re: House Passes Bill Lowering Reverse Mortgage Benefit, Senate Up Next

Kevin Reichard — Wed, 29 Jul 2009 07:49:04 -0000

NRMLA = supportive, like a twenty year old bra - it's there, but at this point, it aint doin' much!!!!

Re: Baby Boomers Spending More Free Time Online Than Watching TV

Kevin Reichard — Thu, 06 Aug 2009 07:15:22 -0000

I'm streaming my next reverse seminars nationwide, I will then e able to reveal nationwide data on the internet to the rest of you!. To catch you up from the last internet discussion: right now, I get more than 25% of my loans online. If you watched my video blog for that topic and implemented anything I spoke about, you are too! New book on how I do it without PPC or seo coming this Fall!

Re: Baby Boomers Spending More Free Time Online Than Watching TV

Kevin Reichard — Thu, 06 Aug 2009 07:16:39 -0000

where's the magic you promised we could see a few months ago kid?!?!?!

Re: Fox Business News Asks the Reverse Mortgage Question

Kevin Reichard — Thu, 13 Aug 2009 06:41:40 -0000

You can tell that the anchors still don't get it! Iit is still amazing - the lack of overall knowledge! Good job of explaining selling vs reverse COSTS however!

Re: Consumer Reports Investigative Report on Reverse Mortgages, Hardly Balanced

Kevin Reichard — Tue, 18 Aug 2009 07:17:37 -0000

the good news? - you have to pay to get this magazine or to view articles online, and magazine subscriptions seem to be one of the first things to be cut back in tough times.....

Re: Journalist Asks Everyone to Stop Labeling Reverse Mortgages as “Bad”

Kevin Reichard — Tue, 18 Aug 2009 07:19:21 -0000

nail on the head, critic.....

Re: Baby Boomers Online: Where Are They?

Kevin Reichard — Thu, 17 Sep 2009 07:25:06 -0000

I'm getting 1/3 of my business online today......if you want proof, search "reverse mortgage coral springs" on google as an example, and check the 5+ FREE listings I have on page one. Then click the video search tab, and see that NO ONE else has video search results for 3 full pages of results. (just one term, mind you) You can do it to, contact me anytime to learn how.

Re: Baby Boomers Online: Where Are They?

Kevin Reichard — Fri, 18 Sep 2009 07:59:38 -0000

call me Bill, anytime. 954-304-4592. Any other reverse originators looking to gain a presence online that will get you real leads and loans, I will be sharing it all with you in the coming weeks with my new book, "eMarketing in 2010 and beyond... Going viral, crushing your competition, and taking it to the bank without paying for Search Engine Optimization or Pay-Per-Click advertising"
and supporting website. I am currently consulting with a handful of companies who want to do what I do, again, get in touch with me for more information.

Re: Senate Passes Appropriations Bill, Let the Reverse Mortgage Negotiations Begin

Kevin Reichard — Tue, 22 Sep 2009 07:32:15 -0000

I'm with you critic, and admire your passion, but I have to be honest as always and state that it is simply too little, too late. The train has left the station..... and they forgot to make sure the seniors were seated properly prior to leaving.....!!!
Change is inevitable, how you prepare and react is the question!

Re: AAG Rolls Out Reverse Mortgage TV Campaign, Celebrity Spokesperson Coming Soon

Kevin Reichard — Wed, 23 Sep 2009 07:30:35 -0000

John Madden? Maybe Clint Eastwood?!?!? Who cares?!?!?

Re: Implementation of HECM Principal Limit Reduction, “A Nightmare” says Industry

Kevin Reichard — Wed, 30 Sep 2009 06:46:57 -0000

Critic, while long winded, it correct. How can any of you act as if you never saw this coming?!?! You DO read RMD.com right?!?!?! My bigger concern is this - THE LENDERS WILL BE A DISASTER FOR WEEKS OR MONTHS TO COME. I have spoken to some upper level people at major lenders and they are on the same page - implementing a new calculator, and using the old to complete files in process will be the TRUE NIGHTMARE!!! If you thought things got backed up earlier this year.....get ready. Think about it - you are a bank that has to deal with wholesale lenders and LO's all over, and it's up to them to use the correct calculator. This is gonna be interesting, I hope you are prepared!

Re: Industry Veteran Joins MetLife Reverse Mortgage Division

Kevin Reichard — Sat, 03 Oct 2009 08:19:02 -0000

Congrats to Mr. Rose, I hope that this is a move that is for the best! On a side note, is WF taking over RMD.com? Those a re some LARGE ads in between the posts! I got a recruiting call from WF this week, it amazes me that they do not cross reference prior to calling to check and see that I already worked there before! With the uptick in these ads, I'm thinking that they are on another hiring binge? At the same time of year when they let go all of the non-essential and last in the door employees (assistants, etc)? Any thoughts?

Re: Reverse Mortgage Lender Does Bank Deal, Will More Follow?

Kevin Reichard — Fri, 09 Oct 2009 08:30:11 -0000

Great to hear it is official John, congrats from south Florida!

Re: Schwarzenegger Signs Reverse Mortgage Elder Protection Act Into Law

Kevin Reichard — Tue, 13 Oct 2009 07:39:56 -0000

Would this not be the lender's responsibility to provide to LO's with the proper, required documents for the specific state that they are doing business in?

For the record, the "tightening " if you will, of this business is showing many the door here in Florida......

While I believe that we should be disclosing as much as we can without using scare tactics, I believe that individual states setting these standards would be better served if we had a national set of rules and standards. Otherwise, your LO's doing business in 50 states will have to be on top of each and every state's rules, disclosures, etc.....and that is gonna' get messy.

Re: National Aging in Place Week Kicks Off, New Website Released

Kevin Reichard — Fri, 16 Oct 2009 07:23:25 -0000

I am hardly impressed by a "NATIONAL " resource for seniors that has a mere handful of areas, or chapters up and running. And then, a senior is referred to a single person in that area for advice? Who are these people, and who regulates who the reps are for each chapter? It just seems silly to launch and promote a site that is incomplete, the DC chapter has "filler copy", and I do not see how any of this is going to assist a senior more than a copy of their yellow pages will.

Re: Reverse Fortunes Adds New CRM and Improves Marketing Tools

Kevin Reichard — Wed, 02 Dec 2009 07:39:47 -0000

The team at reversefortunes.com continues to develop and provide quality, useful tools for reverse loan originators. Kudos! A real CRM that pushes data is another logical step in the right direction.....I'm looking forward to the lead central as well, having a centralized area for us all to comment on the validity of lead generation companies will allow us all to choose much more wisely. Well done!

Re: Reverse Fortunes Adds New CRM and Improves Marketing Tools

Kevin Reichard — Thu, 03 Dec 2009 07:02:39 -0000

I believe that most who do use the inflated house price as a way to get business do not last long! Once they try to justify reality after the fact, most seniors walk.....education first seems to work best, and while you may have come across the type that makes promises they cannot keep, these guys are leaving our world as they should to pursue other endeavors! (at least here in FL they are!)

Re: HUD OIG Reiterates Faith in Reverse Mortgage Program

Kevin Reichard — Thu, 03 Dec 2009 09:44:30 -0000

I've had one client in 5 years that was savvy enough, and had the ability to pay the interest each year. Just one. Just an FYI on your lively debate!

Re: Live Reverse Mortgage Marketing Training Launches

Kevin Reichard — Sat, 05 Dec 2009 07:41:24 -0000

Thanks Critic. I'll be happy to hear from you after you see something other than the free content that is available for anyone to see....the content and the presentation is certain to be something that our niche will find helpful, educational, and beneficial - even while I continue to declare that I am one of the good guys out there. I'll look forward to more "critic-al" commentary once you see the bigger picture next week! (and yes, lead generation will be a focus in all of the 2010 LIVE events.....)

Re: Financial Freedom Raises Correspondent Net Worth Requirements, More to Follow?

Kevin Reichard — Sat, 05 Dec 2009 07:54:41 -0000

I called this as the next shoe to drop after the NRMLA event - the Lenders will begin to put production requirements on their correspondents and eliminate those who do not keep up. I t makes sense from a risk and big bank philosophy, but will continue to hurt the business as good , caring producers will be forced to work elsewhere or leave the industry. It has already started as a result of the other changes, but this is again, the next shoe.

I'm certainly glad someone is smiling.....as the contraction of this industry continues.

Re: Live Reverse Mortgage Marketing Training Launches

Kevin Reichard — Sat, 05 Dec 2009 20:29:12 -0000

Interesting insight and advice, I appreciate the input. While certain personalities take the route you do not approve (ie: Tony Robbins, Dave Ramsey, etc), they seem to be doing AOK as well.....
I'm not even close to the level that these others have achieved, but to discount using the person as the brand - What about Tiger?!?!? LOL, thanks again, and yes, I can take the critiques, in fact most of the time they help me see things I cannot on my own. Now,......tune in and see what I really have going on!

Re: Financial Freedom Raises Correspondent Net Worth Requirements, More to Follow?

Kevin Reichard — Sat, 05 Dec 2009 20:34:39 -0000

comment on the 650 figure- I counted less than 600 on the list provided by NRMLA at the event.
150 were from the top 8 "big boys"
250 were the other lenders, service companies, counselors, title cos, lead generation companies, etc.

That leaves 250 TOPS for the rest, ....for the entire industry.
Just making an observation, check out the attendee list!

Re: Live Reverse Mortgage Marketing Training Launches

Kevin Reichard — Mon, 07 Dec 2009 07:49:21 -0000

Levity, sarcasm, wit.....all difficult to relay and interpret on message boards.....
I just want to help others with the knowledge base that I have, and create a business while doing so. Putting yourself "out there" is always an invitation for others to comment and critique.

Just keep in mind my buddy Teddy's thought on the subject:

"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."

— Theodore Roosevelt