Hecm Counseling Certificate

Department of housing and urban development office of housing certificate number.

Hecm counseling certificate. Hud may not collect this information and you are not. See prepare for exam for details. Confirm e mail to confirm the counselors email address and i agree and certify to these terms to agree to the terms of the hecm counselor certification. The hud intermediaries providing hecm counseling nationwide page has moved.

This certificate is presented to the lender with the reverse mortgage application. The counselor may schedule subsequent meetings until they feel that the consumer understands these issues. To find a reverse mortgage counselor near you search the hecm counselor roster or call 800 569 4287. Reverse mortgage counseling can be done over the phone or it can be done face to face with a regional agency.

In order to get a home equity conversion mortgage reverse mortgage youll need an hecm counseling certificate. After the counseling session the counselor will mail a signed copy of the hecm counseling certificate to the homeowner. Please visit the hud office of housing counseling webpage on the hud exchange to browse related guidance resources and training. January 17 2018 hecm counselor exams have been updated.

To find a reverse mortgage counselor that provides telephone and face to face counseling nationwide use the hud intermediaries providing hecm counseling nationwide list. Hecm origination counselors must be certified registered within fha connection and are required to maintain education on a bi annual basis. Mortgagee letters related to home equity conversion mortgage program date announced. Training printing the study guide the study guide consists of 15 modules and a glossary that vary from approximately 20 to 60 pages.

Here are a few of the most frequently asked questions surrounding this document. Who provides hecm counseling. Up to three hecm training courses completed within the past two. Hud has approved roughly 800 individuals to be on its approved counselor roster.

Counselors cover a number of required topics including eligibility loan amounts and loan limits and future repayments. 2502 0524expires 4302017 provision of this information is required to obtain mortgage financing. Hecm default counseling assists seniors who are at risk of defaulting on hecm loans. Information about the home equity conversion mortgage hecm certification is available on the hecm counseling resources page of the hud exchange.

A lender may not process a home equity conversion mortgage without the required counseling certificate. You can now take practice exam for assessing your knowledge before taking the actual certification test.