https://www.quonticbank.com/

 

Presenters: Frank Melia, CMPS and Michael Bocelli, CMPS

 

Everything an Elder Law Attorney Needs to Know Regarding Trust Lending Options for Properties in Irrevocable Trusts

 

This presentation will cover how to qualify trustees/grantors for loan programs where properties are held in Irrevocable Medicaid Trusts. We’ll review a few case studies of families who have used their home’s equity to cover home health care expenses, allowing their loved ones to stay at home.

 

Presenter Bios:

Frank Melia, CMPS | NMLS # 62591 Vice President of Lending. Frank Melia has worked in the financial services industry since 1990, working as a financial advisor for the first 10 years of his career. Over the past 18 years, he has built a successful track record as a certified mortgage planner, with a focus on both irrevocable trust lending and reverse mortgage lending. In 2007, Frank received his Certified Mortgage Planning Specialist designation from the CMPS Institute in Ann Arbor, Michigan. Viewed as an expert on the mortgage industry; Frank can be heard on “Ask the Lawyer with Mike Connors,” a weekly radio program broadcast on AM 970 The Answer and AM 570 WMCA in New York City. Frank is a resource to elder law attorneys regarding how they can help their clients navigate their trust lending loan options. Frank lives in Massapequa, NY with his wife, Jennifer and their teenage daughter, Julia. When not assisting families with financing options, Frank enjoys playing golf on the beautiful golf courses throughout the country.

 

Michael Bocelli, CMPS | NMLS # 38416 Vice President & Certified Mortgage Planning Specialist for Quontic Bank Michael Bocelli, CPMS. Michael is an extremely accomplished mortgage planner, with over 10 years’ experience in the mortgage industry, specializing in all types of residential mortgage lending. His honesty, integrity, and passion to help others, make him ideally suited for the mortgage banking profession. He has helped thousands of homeowners from the inception of his career and has established himself as a trusted expert among his peers, as well as other professionals who entrust him to handle their clients mortgage financing needs. Michael works with some of the most respected and highly regarded professionals in their respective fields which include, estate/elder care planning attorneys & law firms. Michael has been endorsed by one of his past clients on their weekly Radio Talk show, “The Optimal Health Radio Program”, on WABC 770 AM, where he has been referred to as “the mortgage doctor”. Michael received his Certified Mortgage Planning Specialist designation in early 2015 and offers mortgage planning services nationwide that include: new home purchases, refinances, home equity conversion mortgages (HECM, reverse mortgages), construction loans, and portfolio lending programs.