Go
About NRMLAEventsReference / PublicationsVendor DirectoryBooks & Recordings
NRMLA > Reference / Publications > Processing / Underwriting
Getting Started in RM's Senior Issues Marketing / Origination Strategic Relationships Counseling Processing / Underwriting Secondary Markets Loan Servicing Products Legislation Regulations News Coverage Industry Statistics Research Papers Reverse Mortgage Advisor Consumer Booklets Important Links

Processing / Underwriting


Disclosure of Servicing Fee Set-Aside July 24, 2007

Following is a question submitted by one of our members on proper disclosure of the service fee set-aside. The answer was provided by Dan Mooney, head underwriter at HUD's Santa Ana Homeownership Center, in Santa Ana, CA.

Replenishing a Line of Credit July 3, 2007

A NRMLA member recently submitted the following question that deals with prepaying a HECM line of credit. The answer was provided by Daniel Mooney, a senior underwriter at HUD's Santa Ana Homeownership Center, in Santa Ana, CA.

Reverse Mortgages on Tribal Lands July 3, 2007

Recently, a NRMLA member asked whether FHA will insure reverse mortgages made on homes located on tribal lands. The following answer was provided by Daniel Mooney, a senior underwriter at HUD's Santa Ana Homeownership Center, in Santa Ana, CA.

Listed Name on Title

Both HUD and Fannie Mae require the name of the reverse mortgage borrower be the only one to appear on the title.

HUD Issues Notice on Manufactured Housing Tags January 18, 2007

HUD has posted new guidance on missing labels for manufactured homes.

Appraisal Guidelines-Q&A December 11, 2006

The following Q&A, developed in cooperation with the Department of Housing and Urban Development, offers lenders additional guidance on appraisal guidelines mandated in Mortgagee Letter 2005-48.

How Lenders and Title Companies Can Work Together to Ensure a Smooth Transaction June 28, 2006

The following article written by title insurance executive Chris McLucas examines common issues that a title company should be prepared to handle in completing a reverse mortgage transaction.

Well Water Vs. Public Water June 19, 2006

If a borrower uses water from a well on the property instead of public water, then tests must be conducted to make sure that the well water is fit for drinking.

Taking the Fear Out of Trusts & Powers of Attorney June 19, 2006

In states like Florida and California with large senior populations, an increasing number of elderly homeowners are placing all or most of their assets—including their home—into a trust for tax and estate planning purposes.

What You Need to Know About Manufactured Homes June 19, 2006

Following is an article that explains some of the issues you need to be aware of when working with a client who lives in a manufactured home.

Listed Name on Title

Both HUD and Fannie Mae require the name of the reverse mortgage borrower be the only one to appear on the title.

What You Need to Know About Powers of Attorney June 19, 2006

Some reverse mortgage applicants have a friend or family member act as power of attorney to handle legal and similar matters.



All materials copyrighted © 2008 National Reverse Mortgage Lenders Association.