HUD has released a toolkit outlining the process for individuals to become certified as HECM roster counselors. This includes necessary training, examinations, and maintaining certification. It stresses the importance of unbiased counseling. Although there is overlap with HUD housing counselor certification, a separate HECM roster certification is required for counseling FHS-backed HECM loans. Counselors must act in the best interests of clients and cannot promote specific counseling services. A second document provides guidance for HUD-approved agencies about reverse mortgage counseling and general education responsibilities.
Counselors must be certified and included in the HECM roster to ensure they provide unbiased counseling, separate from general HUD housing counseling.
The toolkit emphasizes the need for ethical guidance, stating that counselors must not perform any services conflicting with the financial interests of clients.
Collection
[
|
...
]