Understanding Reverse has been updated for 2024 and is now available on Amazon and discounted through the Understanding Reverse store. We apologize for the delay, but updating this 10th edition had many challenges.
You may notice some changes
First, you’ll notice the cover has changed. Not only has the LOGO been simplified for branding purposes, but there is also no YEAR listed on the cover. Why? Because future editions of each book will be “revisions” for Amazon’s purposes. They will simply contain updated content, and you will no longer need to worry if you are buying the most updated version.
Next, you’ll see that the back cover will be the same for both Amazon and website purchases of the book. If you like to insert marketing stickers or business card sleeves, there is still room for that on the inside front cover.
If you wish to have custom covers for either Understanding Reverse or Navigating Reverse, we are now offering branded copies on larger print runs (see Branded Books below).
You’ll also notice new content, including:
- A new chapter on HECM vs. HELOC
- Updated Cash for Keys guidelines effective 3/25/24
- Changes to expected interest rate locking and extensions
- The $20 maximum charge for a change of payment plan
- Warnings about repair rider deadlines
- Updated HECM for Purchase examples (Upsize/Downsize figures)
- Updated occupancy certification options
- An explanation of the first and second security instruments
Lastly, the most challenging part of this year’s updates were the regulatory references. Most of the references in the book had to switch from those pointing to mortgagee letters (ML) and the Code of Federal Regulations (CFR) to the newly updated HUD Handbook 4000.1.
What is the Branded Book option?
We want broader distribution of the books and a greater impact for our valued partners. Therefore, we are branding books that promote YOU when you provide Understanding Reverse for education, sales, and marketing initiatives and Navigating Reverse at closing for borrowers, spouses, and their heirs.
White-labeling is important not just for the marketing value but also for compliance reasons. In addition to marketing your firm, loan originators can also market themselves while paying the same wholesale cost generally paid for these books.
How to order
If you are ordering individual copies, you can easily do that on Amazon in both paperback and eBook formats. If you are purchasing in bulk, paperbacks can be purchase at a significant discount through Understanding Reverse. As always, we pay shipping and handling charges.
If you want to discuss Branded Books for your firm, please reach out to me directly at [email protected].