Reverse Mortgage Guide

The Bank of America is seeking five “reverse mortgage analytics managers”.

According to an ad posted on Quantster.com, candidates should have “4-7 years of strong analytical experience in consumer or commercial banking.” Also, an “MS or PhD degree in Applied Mathematics, Statistics, Computational Finance, Engineering, Economics, Physics or applicable fields is a mandatory requirement to be successful in this position.”

I read this ad and think: If it takes such brain power to figure out and fine tune reverse mortgage programs, does the typical consumer have enough information and data to sign up for such financing? And if they have such material in hand do they understand what it means?

Little wonder that counseling is a good idea before getting a reverse mortgage.

This entry was posted on Wednesday, June 6th, 2007 at 5:34 am and is filed under Reverse Mortgage . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.