HECM Counseling Protocol Webinar Draws Record Number of Attendees

NewImage.jpgSignaling the importance of the new Home Equity Conversion Mortgage (HECM) counseling protocols, 627 reverse mortgage professionals took part in a webinar provided by Reverse Fortunes to learn more about the new regulations.

Attendees included reverse mortgage originators, government officials, and trade association executives.

The educational session was focused on HUD’s new counseling protocol as it relates to the F.I.T. (Financial Interview Tool) component, and was moderated by Shannon Hicks, a Reverse Fortunes Partner and Vice President of Product Development.

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“This firm is concerned that its members are not prepared for the ever changing regulatory and business environment.  Reverse Fortunes is committed to providing a level of support to the Broker/Originator that is committed to the Reverse Mortgage Industry”, said Hicks.  “The more efficient we become at the distribution of such information, the more prepared the industry will be relative to appropriate origination practices.  This fact benefits the industry as a whole.”

Because of the importance of the new protocol, Reverse Fortunes has made the event available to those who missed it here.

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  • I am grateful for the help I received from this informational webinar. It was well-designed and helped me prepare for the FIT and Benefits Tool in the new counseling protocol. nShannon HIcks did a great job of presenting the full facts of the Counseling Protocol in an objective way.nnAs a side note, yesterday I received a call from someone who was counseled under the FIT and Benefits Tool. Her counselor tried to talk her out of getting a reverse mortgage, telling her she has other options such as selling her home because beyond her mortgage, she still has a little equity.nShe was scared that the counselor could deny her the ability to get a reverse mortgage. I reassured her that once she received the counseling cert, the counselor had nothing to do with whether or not she got a reverse mortgage. What is the point of scaring borrowers?nnNo more details here, but are the counselors playing the boogeyman? Scaring away potential borrowers? Making them feel as though they don’t have the right to do a reverse mortgage if they have any other choice? It seems to counselors, we are the loan of last resort. I can hardly wait until some of them turn 62 and find themselves in the same boat as the seniors they are scaring.

  • I am grateful for the help I received from this informational webinar. It was well-designed and helped me prepare for the FIT and Benefits Tool in the new counseling protocol. nShannon HIcks did a great job of presenting the full facts of the Counseling Protocol in an objective way.nnAs a side note, yesterday I received a call from someone who was counseled under the FIT and Benefits Tool. Her counselor tried to talk her out of getting a reverse mortgage, telling her she has other options such as selling her home because beyond her mortgage, she still has a little equity.nShe was scared that the counselor could deny her the ability to get a reverse mortgage. I reassured her that once she received the counseling cert, the counselor had nothing to do with whether or not she got a reverse mortgage. What is the point of scaring borrowers?nnNo more details here, but are the counselors playing the boogeyman? Scaring away potential borrowers? Making them feel as though they don’t have the right to do a reverse mortgage if they have any other choice? It seems to counselors, we are the loan of last resort. I can hardly wait until some of them turn 62 and find themselves in the same boat as the seniors they are scaring.

  • I am grateful for the help I received from this informational webinar. It was well-designed and helped me prepare for the FIT and Benefits Tool in the new counseling protocol. nShannon HIcks did a great job of presenting the full facts of the Counseling Protocol in an objective way.nnAs a side note, yesterday I received a call from someone who was counseled under the FIT and Benefits Tool. Her counselor tried to talk her out of getting a reverse mortgage, telling her she has other options such as selling her home because beyond her mortgage, she still has a little equity.nShe was scared that the counselor could deny her the ability to get a reverse mortgage. I reassured her that once she received the counseling cert, the counselor had nothing to do with whether or not she got a reverse mortgage. What is the point of scaring borrowers?nnNo more details here, but are the counselors playing the boogeyman? Scaring away potential borrowers? Making them feel as though they don’t have the right to do a reverse mortgage if they have any other choice? It seems to counselors, we are the loan of last resort. I can hardly wait until some of them turn 62 and find themselves in the same boat as the seniors they are scaring.

  • I am grateful for the help I received from this informational webinar. It was well-designed and helped me prepare for the FIT and Benefits Tool in the new counseling protocol. nShannon HIcks did a great job of presenting the full facts of the Counseling Protocol in an objective way.nnAs a side note, yesterday I received a call from someone who was counseled under the FIT and Benefits Tool. Her counselor tried to talk her out of getting a reverse mortgage, telling her she has other options such as selling her home because beyond her mortgage, she still has a little equity.nShe was scared that the counselor could deny her the ability to get a reverse mortgage. I reassured her that once she received the counseling cert, the counselor had nothing to do with whether or not she got a reverse mortgage. What is the point of scaring borrowers?nnNo more details here, but are the counselors playing the boogeyman? Scaring away potential borrowers? Making them feel as though they don’t have the right to do a reverse mortgage if they have any other choice? It seems to counselors, we are the loan of last resort. I can hardly wait until some of them turn 62 and find themselves in the same boat as the seniors they are scaring.

  • I am grateful for the help I received from this informational webinar. It was well-designed and helped me prepare for the FIT and Benefits Tool in the new counseling protocol. nShannon HIcks did a great job of presenting the full facts of the Counseling Protocol in an objective way.nnAs a side note, yesterday I received a call from someone who was counseled under the FIT and Benefits Tool. Her counselor tried to talk her out of getting a reverse mortgage, telling her she has other options such as selling her home because beyond her mortgage, she still has a little equity.nShe was scared that the counselor could deny her the ability to get a reverse mortgage. I reassured her that once she received the counseling cert, the counselor had nothing to do with whether or not she got a reverse mortgage. What is the point of scaring borrowers?nnNo more details here, but are the counselors playing the boogeyman? Scaring away potential borrowers? Making them feel as though they don’t have the right to do a reverse mortgage if they have any other choice? It seems to counselors, we are the loan of last resort. I can hardly wait until some of them turn 62 and find themselves in the same boat as the seniors they are scaring.

  • I am grateful for the help I received from this informational webinar. It was well-designed and helped me prepare for the FIT and Benefits Tool in the new counseling protocol. nShannon HIcks did a great job of presenting the full facts of the Counseling Protocol in an objective way.nnAs a side note, yesterday I received a call from someone who was counseled under the FIT and Benefits Tool. Her counselor tried to talk her out of getting a reverse mortgage, telling her she has other options such as selling her home because beyond her mortgage, she still has a little equity.nShe was scared that the counselor could deny her the ability to get a reverse mortgage. I reassured her that once she received the counseling cert, the counselor had nothing to do with whether or not she got a reverse mortgage. What is the point of scaring borrowers?nnNo more details here, but are the counselors playing the boogeyman? Scaring away potential borrowers? Making them feel as though they don’t have the right to do a reverse mortgage if they have any other choice? It seems to counselors, we are the loan of last resort. I can hardly wait until some of them turn 62 and find themselves in the same boat as the seniors they are scaring.

  • I am grateful for the help I received from this informational webinar. It was well-designed and helped me prepare for the FIT and Benefits Tool in the new counseling protocol. nShannon HIcks did a great job of presenting the full facts of the Counseling Protocol in an objective way.nnAs a side note, yesterday I received a call from someone who was counseled under the FIT and Benefits Tool. Her counselor tried to talk her out of getting a reverse mortgage, telling her she has other options such as selling her home because beyond her mortgage, she still has a little equity.nShe was scared that the counselor could deny her the ability to get a reverse mortgage. I reassured her that once she received the counseling cert, the counselor had nothing to do with whether or not she got a reverse mortgage. What is the point of scaring borrowers?nnNo more details here, but are the counselors playing the boogeyman? Scaring away potential borrowers? Making them feel as though they don’t have the right to do a reverse mortgage if they have any other choice? It seems to counselors, we are the loan of last resort. I can hardly wait until some of them turn 62 and find themselves in the same boat as the seniors they are scaring.

  • I am grateful for the help I received from this informational webinar. It was well-designed and helped me prepare for the FIT and Benefits Tool in the new counseling protocol. nShannon HIcks did a great job of presenting the full facts of the Counseling Protocol in an objective way.nnAs a side note, yesterday I received a call from someone who was counseled under the FIT and Benefits Tool. Her counselor tried to talk her out of getting a reverse mortgage, telling her she has other options such as selling her home because beyond her mortgage, she still has a little equity.nShe was scared that the counselor could deny her the ability to get a reverse mortgage. I reassured her that once she received the counseling cert, the counselor had nothing to do with whether or not she got a reverse mortgage. What is the point of scaring borrowers?nnNo more details here, but are the counselors playing the boogeyman? Scaring away potential borrowers? Making them feel as though they don’t have the right to do a reverse mortgage if they have any other choice? It seems to counselors, we are the loan of last resort. I can hardly wait until some of them turn 62 and find themselves in the same boat as the seniors they are scaring.

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