Academy

In this module, we’ll give you a historical background of the reverse mortgage industry and provide a framework for understanding regulatory oversight.

We’ll also discuss trade association involvement, wholesale providers, other vendors to contact, and resources you’ll want to access. Please don’t try to remember all this information – you’ll be able to reference most of this information in your training resources.

In this module, we’ll give you a historical background of the reverse mortgage industry and provide a framework for understanding regulatory oversight.

We’ll also discuss trade association involvement, wholesale providers, other vendors to contact, and resources you’ll want to access. Please don’t try to remember all this information – you’ll be able to reference most of this information in your training resources.

In this module, we’ll discuss basic reverse mortgage guidelines like borrower responsibilities, lien seasoning, and a quick overview of non-borrowing spouses, counseling, financial assessment, fees, and more.

In this module, we will discuss How HECM principal limits are calculated, the three factors that determine principal limits, HUD’s Principal Limit Factor Tables, and then we’ll give you some examples.

In this module, we’ll discuss the different types of HECM loan purposes including HECM for purchase and HECM-to-HECM refinancing. We’ll then discuss different rate structures, adjustments, caps and when each product might be beneficial to the client.

In this module, we’ll discuss how initial disbursements are limited and how mandatory obligations impact this calculation. We’ll also cover the multiple ways the borrower can receive their funds with a HECM.

In this module, we’ll discuss why we use two rates, how they are calculated, the impact of rates, how they are locked, and more.

This module will completely cover the most powerful feature of the HECM product, the line-of-credit. It’s been said that the HECM line-of-credit is the basis of all HECM financial planning. So, if you want to  conduct business with financial advisors, you’ll need to know and understand this module well.

We’ll discuss the rate at which the LOC  grows, the two ways it grows, how to explain it, whether it makes sense to make  voluntary payments, a financial planning strategy known as “LOC conversion,” and  more

In this module, we’ll discuss the HECM for  Purchase product fundamentals, motivations, process, guidelines, and  restrictions. We’ll also look at examples.

In this module, we’ll discuss WHY a  homeowner would consider a HECM-to-HECM refinance, some warnings and anti-churning guidelines, seasoning requirements, and how the IMIP is  adjusted for these loans.

In this module, we discuss proprietary reverse mortgages, how they are similar,  how they are different, possible restrictions,  and specific opportunities to look for.

These products are more than just jumbo  reverse mortgages, so let’s dig into the details.

In this module, we’ll discuss some of the  public perception challenges you’ll face in the reverse mortgage business. We’ll  discuss things you may have heard or read about the industry and counter these with  the truth.

In this module, Cassidy and I will discuss multiple ethics concerns including prepayments, cross-selling, churning, borrower competency, reverse mortgage advertising, trigger phrases, and more.