Lets looks at how the Underwriter looks at a credit report for a manual underwrite file. What happens when the credit doesn't meet Financial Assessment requirements? Is a LESA always required?

In the Webinar, we will cover: Entering Borrower info or creating the Prospect’s file in Reverse Express Determining Reverse Mortgage Benefit for the Borrower How to Read a Reverse Mortgage Price Sheet Customizing the scenario to the borrower’s needs Generating a Quote or Pre-Counseling Package in both English and Spanish

We will cover the key process flow as well as documents needed to successfully process a closed HECM.

Determining eligibility and understanding the guidelines the Underwriter is going to undertake is key to a successful transaction. Learn how understanding Financial Assessment considerations will help you "Right Fit" your Borrower and help you avoid unforeseen credit and income issues.