Flow of a Reverse Mortgage

Talk to RMverse Mortgage Client

Required third party non-profit counseling session.

Application is taken

Prelim Title work gets ordered.

Case Number is ordered

Appraisal is done.

Check all items on check off list.

Once information gathered send to underwriting.

Sign final loan documents.

Mandatory three day rescission period.

Funds are disbursed.

Collateral package if needed

Sent to servicing company

Repair account is opened