Reverse Mortgage Training - "Everything from A to Z"
Need Help? Call us today at 1-800-865-8550 Press 1 for SalesCOURSE DESCRIPTION: The Reverse Mortgage industry is highly regulated by FHA which means comprehensive and accurate training is required to become an effective Reverse mortgage professional. Whether you're an MLO, Mortgage Broker, Mortgage Underwriter, Loan Processor, Servicing Specialist or QC Specialist, this Reverse Mortgage Training - "Everything from A to Z" course will teach you all the necessary steps needed to complete Reverse Mortgages. COURSE OUTLINE: Reverse Mortgage Explained Borrower Eligibility Financial Assessment Principal Limits Defined Counseling Requirements Income Requirements Credit Report/Credit Analysis LESA/Compensating Factors Mandatory Obligations vs Non-Mandatory Obligations Documentation Requirements Age of Documentation Form 1009 & FHA Connection Review Occupancy Non-Borrowing Spouse (Eligible and Ineligible) Use of POA or Guardian Reverse Mortgage Loan Types Appraisal Eligible Property Types