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FHA Home Equity Conversion Program (HECM) ~ E3

Course Description

The FHA HECM reverse mortgage program provides seniors the ability to tap into the equity they have built in their home as a supplemental income source. Mortgage professionals need to be aware of the many specific rules and regulations around FHA HECMs so borrowers can be effectively counseled through and beyond loan origination. This course will review and explore key features of the FHA HECM program. What You'll Learn: FHA HECMs and the specific role they fill in the lending marketplace Discuss underwriting guidelines specific to FHA HECMs Explain the product options available under the FHA HECM program, including their features and restrictions
20 Minutes
Series: Mortgage 101
Roles: Mortgage Professionals, Mortgage Closer, Mortgage Loan Originator, Mortgage Lock Desk, Mortgage Processor, Mortgage Servicer, Mortgage Underwriter
Course Format: E3

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