What do you see as the near-term state of the reverse mortgage market? The overall benefit to the consumer is a widening of the talent pool to help educate seniors about the product and provide access. The real impact that is more important will be the shift from the number of potential loan officers who become interested in the product to support their business and volume replacement as refinance volumes decline. On the reverse mortgage product, it will largely have no impact.

What impact will the rise in interest rates have on the reverse mortgage industry? Being bilingual is something that is very attractive to us but not a requirement due to the other markets we serve. We have a great interest in individuals with reverse mortgage experience and because of our forward and reverse capabilities are also looking for MLO’s who would like to be able to originate both products. We have approximately 12 people working at Moneyhouse U.S., and it is a growing staff-we are looking to expand immediately, especially in our Orlando office. and what does the company look for in potential employees? How many people work with Moneyhouse U.S. We can work with Hispanic borrowers and help make mortgage transactions much more comfortable for them in addressing their needs. that are underserved, largely because of language.

There is a large percentage of Hispanic potential borrowers and homeowners in the U.S.

expansion and create an important niche for us-we have a fully bilingual staff with Spanish documentation options and support. Many aspects of the Puerto Rican business side have been able to assist our U.S. Unique to Puerto Rico is the fact that all transactions are done in Spanish.

Moneyhouse puerto rico