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Assessment Confusion with HECM Counseling & Loan Officer Responsibilities
Financial Assessment Confusion? Last week as the first borrower’s entered the Financial Assessment we received several reports of confusion of the roles that loan officers and HECM counselors play in preparing the prospective borrower. Which came first, the chicken or the egg? That rhetorical question came to mind when hearing various reports of loan officers who found some confusion surrounding the gathering of a prospect’s financial data prior to HUD counseling. Once such loan professional is…
Due to the nature of this interview there will be no transcript.
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