There is a publication called The Reverse Review which provides reverse mortgage news and information to the professionals who are working in the industry. A recent article from this publication focuses on the important fact that reverse mortgage professionals must maintain a code of ethics in working with their senior clients. Doing so protects the senior borrower and also gives more security and credibility to the reverse mortgage industry.
The article points out that a number of people have entered the reverse mortgage industry specifically because it's still thriving despite the fact that other mortgage industries are failing. They encourage these people to look closely at their reasons for being in the business and to make a commitment to their senior customers to treat them ethically and fairly in spite of the fact that they are certainly in the business to turn a profit. It is through professional articles like these that the industry becomes safer and more profitable to everyone involved.
Question of the Day: What should be done to further encourage reverse mortgage professionals to maintain their ethics in working with senior clients?
