CampusMortgage® has put together an instructor-led on-demand webinar entitled: Reverse Mortgage Training - "Everything from A to Z". The Reverse Mortgage industry is highly regulated by FHA which means comprehensive and accurate training is required to become an effective Reverse Mortgage Professional. Whether you're an MLO, Mortgage Broker, Mortgage Underwriter, Loan Processor, Servicing Specialist or QC Specialist, this course will teach you all the necessary steps needed to complete Reverse Mortgages.

COURSE OUTLINE:

• Reverse Mortgage Explained
• Borrower Eligibility
• Financial Assessment
• Principal Limits Defined
• Counseling Requirements
• Income Requirements
• Credit Report/Credit Analysis
• LESA/Compensating Factors
• Mandatory Obligations vs Non-Mandatory Obligations
• Documentation Requirements
• Age of Documentation
• Form 1009 & FHA Connection Review
• Occupancy
• Non-Borrowing Spouse (Eligible and Ineligible)
• Use of POA or Guardian
• Reverse Mortgage Loan Types
• Appraisal
• Eligible Property Types
• Ineligible Property Types
• Required Repairs to Property vs Repair Set Aside
• Title
• Lien Seasoning
• Trusts (Revocable and Irrevocable)
• Solar Panels
• 10-Question Practice Quiz

Includes an additional class of your choosing!

FHA/VA Case Files Underwriting Review
Non-QM Underwriting - "Everything from A to Z"
Jumbo Loan Underwriting - "Everything from A to Z"
Multi-Family Underwriting & Processing - "FHA/VA Loans"
Multi-Family Underwriting & Processing - "Conventional Loans"
USDA Rural Housing Loan - "Quality, Process & Underwriting"

**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.

Price - $495.00   Sale - $395.00

Course Instructor: Various Trainers