Ron Kamler on turnkey reverse mortgage solutions for credit unions

Credit unions have a large pool of members who could potentially benefit from reverse mortgages, but the product remains largely absent from their offerings. Ron Kamler, president and CEO of Alliance Reverse Mortgage, recently said that credit unions originated just 81 of the nearly 36,000 reverse mortgages closed nationwide over the past 12 months. Kamler, who has spent 19 years working with credit unions, said concerns about reputational risk and the complexity of the product have contributed to low adoption rates. In a conversation with HousingWire‘s Reverse Mortgage Daily, he discussed how credit unions can use outside reverse mortgage specialists to serve members, the growing role of reverse mortgages in retirement planning and why starting earlier can give borrowers more flexibility later in retirement.Editor’s note: This conversation has been edited for length and clarity. Sarah Wolak: On stage at the American Credit Union Mortgage Association (ACUMA) event a few weeks ago, you shared details about the very low share of reverse mortgages originated by credit unions. Why do you think adoption is so low despite the age and the size of the pool for credit union memberships? Ron...