Which came first, the chicken or the egg? That rhetorical question came to mind when hearing various reports of loan officers who found some confusion surrounding the gathering of a prospect’s financial data prior to HUD counseling. Once such loan professional is…
Opposing AB2010 (California) If you originate in California you will want to follow this story. The California Senior Legislature has asked for mandatory face to face reverse mortgage counseling. If passed, it would be a substantial change to the way California originators do business in the future. Here is a
Is it new HUD counseling protocols or low appraisals causing record fall-out rates? See what industry leaders have to say.
[vimeo id=”29848468″ width=”601″ height=”338″] Lack of funding for HUD counseling creating a road block for those who need it the most As we enjoyed our weekend October 1st came and went marking the beginning of the fiscal year 2012 and more importantly the date when funding from the government for
[vimeo id=”29496698″ width=”601″ height=”338″] Loan officer responsibilities and HUD Counseling A quick look at how you can increase your success and build trust with your potential borrowers before and after required HUD Counseling for their reverse mortgage.
Part 2 (Your thoughts after…) Last month (September 11th) brought the implementation of the Financial Interview Tool & Benefits Check Up (BCU) as part of HUD counseling for all reverse mortgage applicants. Please give us your thoughts (positive or negative) on this new protocol and questions to be covered. We
HUD Reverse Mortgage Counseling Financial Interview Tool Benefits Part 1 (Your thoughts before…) This week (September 11th) begins the implementation of the Financial Interview Tool & Benefits Check Up (BCU) as part of HUD counseling for all reverse mortgage applicants. Please give us your thoughts (positive or negative) on this
Effective 9/11/2010, HUD will begin implementing the use of the Financial Interview Tool (FIT) and Benefits Check Up (BCU) as part of the new counseling protocol for reverse mortgages. Learn why you must prepare yourself and your clients with the free online training session. Register today here.