Reverse Mastermind Summit kicks off with practical advice, choice words

Reverse mortgage professionals converged in Knoxville, Tennessee, this week for the inaugural “This is our collective love letter to the industry,” Riddick told a packed room at the start of the day’s presentations.

Riddick referenced his past life as a collegiate basketball player with his message on the need for leadership in the industry. His words come at a time when Home Equity Conversion Mortgage (HECM) business “Traditional mortgage lending, such as cash-out refis or home equity lines of credit (HELOCs), they’re beginning to fail the older homeowner more today than they ever have before,” Hicks said. “And we’re not talking about individuals who are cash poor, but house rich. We’re talking about folks who we might even call the His second point was that “reverse mortgage lending is no longer operating in a vacuum.” He referenced the growth of Hultquist said this is especially problematic at a time when the industry continues to battle “We should have no filter to talk about these products,” he said. “Understand what they are and do your research. If you don’t recognize how predatory these products are, do the math. …  If I have my way, those products will be banned.

“These products will be our industry’s single biggest threat in 2026 … if we don’t counteract some of the deceptive advertising,” Hultquist added. “‘Oh, it’s not a loan.’ Wait, you’re giving the client money that has to be repaid. How is that not a loan?”