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The Challenges of Diving into an Applicant’s Highly Personal Financial Information
In marking the division of history one may refer to B.C. or A.D.. For the reverse mortgage industry we have NA and FA, no-assessment and financial assessment. That point in time can be marked as April 27th 2015 when HUD’s Financial Assessment guidelines went into effect forever changing the face of the Home Equity Conversion Mortgage program.
The in depth review of an applicant’s highly personal financial data has created a mental hurdle that many struggle to overcome…
Download a transcript of this episode here.
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