Page 1 - HECMroadmap
P. 1
Reverse Mortgage Roadmap
The Road to a Better Retirement
Stop 2
Review Reverse Mortgage loan
options with your RM Professional
Stop 1 Stop 3
Meet with your local Reverse Attend HUD Counseling and
Mortgage (RM) Professional obtain Counseling Certificate
Stop 4
Meet with your RM Professional to
sign loan application package
Stop 5
Provide all required documents
to your RM Professional
! Loan Submitted Stop 7
for Processing
An appraisal company will work
Stop 6 with you to schedule and collect
Your Setup Specialist will order your FHA payment for appraisal
Case #, title work, and appraisal services
Stop 8
Your Processor will navigate you through loan process
and collect any missing documents/conditions
Final Loan
Approved Stop 9
The Underwriting Team will review
Stop 10 your loan and grant a final decision
Closing Team draws final loan
documents for you to sign, issues
wire transfer, collects funding
conditions, and funds the loan
