In this course, you will learn about the various aspects of the reverse mortgage, including what’s a reverse mortgage, the reverse mortgage history and background, the benefits of a reverse mortgage, and how it compares to a traditional forward mortgage.

 Expected Duration: Approximately 30 Minutes

 Delivery Method: Text & Video, sound WILL be needed for Module

  Assessment: This Course does not contain any quizzes, nor will there be a final assessment after the course is complete

This course will serve as an introduction to the HECM loan.  Some topics that will be covered in this training include: the HECM loan purpose, rate options, and various payment plans available to the borrower; HECM to HECM Refinance and HECM to Purchase requirements; borrower eligibility, property eligibility, and non-borrowing spouse requirements; maturity event, financial assessment, HECM fees and rate lock. 

 Expected Duration: Approximately 45 Minutes

 Delivery Method: Text & Video, sound WILL be needed for Module

  Assessment: This Course does not contain any quizzes, nor will there be a final assessment after the course is complete

In this Reverse Mortgage HECM Rates Overview Training, we will review the various rate types that correlate to the HECM loans.

 Expected Duration: Approximately 20 Minutes

 Delivery Method: Text & Video, sound WILL be needed for Module

  Assessment: This Course does not contain any quizzes, nor will there be a final assessment after the course is complete

This course will serve as an introduction to the financial assessment. In this course we will review the purpose of financial assessment, what to look for when using extenuating circumstances and compensating factors, and what a life expectancy set-aside (LESA) is and when is it required.

 Expected Duration: Approximately 30 Minutes

 Delivery Method: Text & Video, sound WILL be needed for Module

  Assessment: This Course does not contain any quizzes, nor will there be a final assessment after the course is complete

In this course we will do a deep dive into what a HECM for Purchase is and how it works. We will also review how the HECM for Purchase compares to a traditional mortgage.  Other topics that will be covered in this training include: Borrower Eligibility and Obligations, important documentation and guidelines, as well as loan officer tips and realtor and builder benefits.

 Expected Duration: Approximately 45 Minutes

 Delivery Method: Text & Video, sound WILL be needed for Module

  Assessment: This Course does not contain any quizzes, nor will there be a final assessment after the course is complete

 Expected Duration: Approximately 45 Minutes

 Delivery Method: Text & Video, sound WILL be needed for Module

  Assessment: This Course does not contain any quizzes, nor will there be a final assessment after the course is complete

This course is broken out into three (3) videos.  In the first video we will cover the basic navigation of Quantum Reverse.  The second video we will review using Loan Table to access loans, and in the last video we will walk through how to update Loan Cards.

 Expected Duration:  Approximately 1 Hour

 Delivery Method: Text & Video, sound WILL be needed for Module

  Assessment: A final assessment will be given at the end of this Course.  The final assessment requires a passing score of 80% or higher.  You will have two attempts to pass.

This course will show you the step-by-step process on how to create a loan in Quantum Reverse and how to add or remove a Borrower, Non-Borrowing Spouse (NBO), and a Power of Attorney (POA).

 Expected Duration:  Approximately 10-15 Minutes

 Delivery Method: Text & Video, sound WILL be needed for Module

 Assessment:  The final assessment will be given once you have completed all the Videos in this Course.  The final assessment requires a passing score of 80% or higher.  You will have two attempts to pass.

This first video in this course will show you how to structure a loan and how to create a proposal in Quantum Reverse.  The second video will show how to send the Counseling Cert as eSign option.

 Expected Duration: Approximately 30-45 Minutes

 Delivery Method: Text & Video, sound WILL be needed for Module

  Assessment: A final assessment will be given at the end of this Course.  The final assessment requires a passing score of 80% or higher.  You will have two attempts to pass.

The video in this course will show you the process on how to Originate the Application.  

 Expected Duration: Approximately 50-60 Minutes

 Delivery Method: Text & Video, sound WILL be needed for Module

  Assessment: A final assessment will be given at the end of this Course.  The final assessment requires a passing score of 80% or higher.  You will have two attempts to pass.

This course will cover how to send the counseling cert or a letter of explanation as eSign through Quantum Reverse.

 Expected Duration:  10 minutes

 Delivery Method: Text & Video, sound WILL be needed for Module

  Assessment: This course does not contain any quizzes, nor will there be a final assessment after the course is completed.

This video will show the process on how to upload documents to Quantum, complete the Context Screen, validate milestones and complete the LO Submission Checklist.

 Expected Duration: Approximately 20-30 Minutes

 Delivery Method: Text & Video, sound WILL be needed for Module

  Assessment: A final assessment will be given at the end of this Course.  The final assessment requires a passing score of 80% or higher.  You will have two attempts to pass.