Yet, the more forward lenders know about reverse mortgages, the higher the close rate on such reverse loans will go. (nrmlaonline.org)
Sadly, I have pretty much given up hope, as it seems there is not, nor will there be a process to appeal, or reverse the loan conversion. (thecollegeinvestor.com)
Review the reporting requirement with your reverse underwriters and review conditions and declines on old files to ensure you understand your institutions practices in regards to credits scores on reverse loans to ensure you are meeting the HMDA expectation. (mortgagecompliancemagazine.com)