HUD Counseling

Financial Assessment Confusion

Shannon HicksMay 4, 2015May 1, 2015

by Shannon HicksMay 4, 2015May 1, 20157 1535

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…

AB2010 – California mandatory face-to-face counseling

Shannon HicksMarch 14, 2012March 15, 2012

by Shannon HicksMarch 14, 2012March 15, 20122 1421

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

Fallout: HUD Counseling or Appraisals?

Shannon HicksMarch 12, 2012September 10, 2013

by Shannon HicksMarch 12, 2012September 10, 201310 2043

Is it new HUD counseling protocols or low appraisals causing record fall-out rates? See what industry leaders have to say.

Road block: Lack of funds for HUD Counseling: Industry Leader Update

Shannon HicksOctober 3, 2011September 10, 2013

by Shannon HicksOctober 3, 2011September 10, 20135 1288

[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

The Buck Stops Here: Friday’s Food for Thought

Shannon HicksSeptember 23, 2011September 10, 2013

by Shannon HicksSeptember 23, 2011September 10, 20134 1471

[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.

After the Financial Interview Tool (FIT) and BCU

Shannon HicksOctober 3, 2010July 13, 2012

by Shannon HicksOctober 3, 2010July 13, 20125 1659

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

Before & After: The Financial Interview Tool & HUD Counseling

Shannon HicksSeptember 7, 2010June 20, 2012

by Shannon HicksSeptember 7, 2010June 20, 201211 1922

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

9/11 brings New HUD counseling tool: Why it’s a “game-changer”

Shannon HicksAugust 23, 2010June 20, 2012

by Shannon HicksAugust 23, 2010June 20, 20123 1293

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.

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HUD Counseling

Financial Assessment Confusion

AB2010 – California mandatory face-to-face counseling

Fallout: HUD Counseling or Appraisals?

Road block: Lack of funds for HUD Counseling: Industry Leader Update

The Buck Stops Here: Friday’s Food for Thought

After the Financial Interview Tool (FIT) and BCU

Before & After: The Financial Interview Tool & HUD Counseling

9/11 brings New HUD counseling tool: Why it’s a “game-changer”

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