Effective March 2, 2015, HECM applicants will be required to demonstrate their ability to meet financial obligations. Be prepared to help your clients understand these new essential components of the HECM application process— the financial assessment and Life Expectancy Set-Aside requirements. Learn the evolution of these requirements, the financial information/documentation required by lenders, how income and expenses are analyzed, and calculations for life expectancy set-asides.
This faculty-led webinar training will last 90-minutes and include resource materials, check and reflect activities, interactive polling, and participant Q & A with the faculty. A quiz will be open at the conclusion of the session which must be passed in order to obtain a certificate and credit toward continuing education hours. Participants can access the training site upon registration and begin looking at the available resources prior to the live online training session. Participants will complete the quiz and print their certificate immediately after the live session.