UK Based Responsible Equity Release Prepares to Enter the US Market

Tuesday, 09 March 2010 17:32

UK based equity release industry stalwarts Responsible Equity Release are preparing to enter the reverse mortgage market the United States equivalent to the UK retirement planning tool, equity release.

Typically involved in 65% of all online equity release inquiries, Responsible feel they have a lot to offer the online USA market and are staying true to their philosophy of providing plentiful free information to their visitors. 



Steven Wilkie, Technical Director of Responsible Equity Release has this to say:



"Our UK success has been as a result of our willingness to give out for free what others charge for. We answer hundreds of requests a day for our free equity release guide and developed the industry's first comparison calculator, a tool which illustrates the potential loan amounts available from different leading providers."



It seems more internet marketers are recognizing the demanding nature of online inquirers. Paul Starkey of Neo-G, a leading sports supports brand states:



"Customers know what they want and know they shouldn't have to pay for any kind of information on the net. Businesses who fail to understand this will find themselves out of business, sharpish."



Very much in line with their philosophy, the Responsible Group have made their first step into the US market with a free informational website on reverse mortgages, http://www.mortgagewiser.com 



Steven Wilkie claims that its business as usual:



"In line with our strategy, we have worked with a leading Stanford University statistics professor to develop an industry first Reverse Mortgage Drawdown Clock showing visitors at a glance, how many reverse mortgages are currently being taken out in the USA along with their value. The short-attention span of the internet user means they don't want to have to wade through official publications to scope the state of the industry. With our clock, they can be provided with the information they want, free of charge and at a glance."



Responsible seems to be the buzzword of the recessionary times and is bandied about without much thought behind its meaning. For Steven Wilkie, knowledge appears to be the foundations for acting responsibly. 



"We are committed to Responsible lending. In our eyes, this means the customer must have access to the information required to make an informed and responsible decision. We will continue to provide free tools to achieve this goal."



From this perspective, the Responsible Group seem committed to adding value and insight into an industry often painted as being confusing, which can only be a good thing. 



The drawdown clock can be seen ticking away at http://www.mortgagewiser.com/reverse-mortgage-drawdown-clock.html

Media Contact:
Steven Wilkie
http://www.mortgagewiser.com
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
+448005244853





 

Reverse Mortgage Scammers Face Charges

Last Updated on Monday, 08 March 2010 20:57 Monday, 08 March 2010 20:53

Three metro Atlantans have been indicted for allegedly running a reverse mortgage fraud ring.

Jonathan Alfred Kimpson, 27, of Lithonia and Gia Harris, 26, of Atlanta were indicted by a federal grand jury on charges of conspiracy to commit financial institution fraud involving so-called "reverse" mortgages. Kimpson was also charged with aggravated identity theft and wire fraud.

Kelsey Torrey Hull, 38, of Lithonia was charged on Feb. 25 in a criminal information related to the same scheme, on a charge of financial institution fraud and conspiracy.

Kimpson and Harris were indicted separately on Feb. 24, 2010, and Hull was charged the next day. The indictments and information were unsealed upon the arrest of Kimpson and Harris when they appeared before United States Magistrate Judge Linda T. Walker Wednesday and entered not guilty pleas to the charges.
 

Read more: Reverse Mortgage Scammers Face Charges

Taiwan Announces Commitment to Reverse Mortgages for the Second Half of 2010

Last Updated on Monday, 08 March 2010 17:23 Monday, 08 March 2010 17:20

The Taiwanese government announced over the weekend that it will work out a feasibility and implementation plan for a home equity release program for senior citizens in the second half of 2010.

Minister of the Interior Jiang Yi-huah explained that the plan will be created through a collaboration by the MOI and the Financial Supervisory Commission, according to Jiang.

Taiwan considers a home equity release program to be an essential component to retirement security among the elderly.

2011 will act as a trial period for the program, with "house rich, cash poor" senior citizens being the main targets.

As such, two models will be made available: 
 

Read more: Taiwan Announces Commitment to Reverse Mortgages for the Second Half of 2010

Seattle Mortgage Companies Appoints New SVP of Reverse Mortgages

Last Updated on Friday, 05 March 2010 00:37 Friday, 05 March 2010 00:35

Sarah Hulbert has been named senior vice president, reverse mortgages, for Seattle Mortgage Company, announced Les Bedford, the mortgage company’s executive vice president.  Seattle Mortgage Company is a subsidiary of Seattle Bank.

Hulbert is a nationally recognized leader in the reverse mortgage industry, with nearly 20 years of experience in every facet of the business.  She was previously with Seattle Mortgage Company from 2000 to 2006, serving as senior vice president and national director as the company’s reverse mortgage operation grew to become the third largest originator in the nation.  Seattle Mortgage Company sold the business line to Bank of America in 2007.

Read more: Seattle Mortgage Companies Appoints New SVP of Reverse Mortgages