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Process
Speak with a licensed originator

- Discuss your financial situation
- Educate and answer all of your questions on the HECM Reverse Mortgage
- Discuss the steps in obtaining a HECM Reverse Mortgage
- Explanation of costs associated with the HECM Reverse Mortgage
- Sends you an application
- Endorse the application with a copy of drivers license/ state ID, social security card, mortgage statement, home owners insurance, and send it back.
- Help you schedule a counseling session with an FHA Counselor


Speaking with a government counselor

-. Explains the HECM Reverse Mortgage in detail explores other financial options.
- Answers any and all of the borrowers questions, runs a financial analysis check to make sure the borrowers understands the program.
- Counseling certificate.

Appraisal

- A licensed FHA appraiser reviews the borrowers property and the historical sales of comparable properties to determine value.


Processing

- Reviewing documents
- Checking to see if all of the information is complete
- Approval
- Schedule a clear to close


Closing
- Signing the closing documents