Reverse Mortgage Counseling (In-Person, Phone, Online)| Reverse.Mortgage
Home / Counseling List Last updated: September 20th, 2016

Reverse Mortgage Counseling List (In-Person, Phone, Online)

meeting with reverse mortgage counselor

Steps to receiving a reverse mortgage counseling certificate:

1. Request your pre-counseling document set. (Includes loan comparison, closing cost worksheet, amortization schedule, TALC - total annual loan costs)

2. Have these mandatory documents available: HUD document titled "preparing for your counseling session" and NCOA booklet "use Your Home to Stay Home" (.PDF versions provided below)

3. Determine whether or not you wish to see a counselor in person or obtain counseling by phone

4. Call around and check counselor availability and pricing. Some counseling agencies only accept payment upfront while others allow you to put their fee into the reverse mortgage closing costs.

5. After you have received your counseling you will receive three copies of your certificate in the mail and have the option to have your counselor fax or email a copy of the certificate to your lender.

The U. S. Department of Housing and Urban Development (HUD) requires that homeowner(s) interested in pursuing a Home Equity Conversion Mortgage (HECM) receive mandatory counseling regarding the implications of and alternatives to a reverse mortgage from a HUD-approved HECM counseling agency. We are required by HUD regulations to provide you with a list of HECM counseling agencies. The list must include all HUD-approved counseling intermediaries that can provide telephonic counseling, as well as five (5) counseling agencies within your local area, state or both, with at least one of the local agencies located within a reasonable driving distance for the purpose of face-to-face counseling

IMPORTANT: Below you will find a partial list of reverse mortgage counseling agencies that conduct counseling by phone. To receive a complete list including your most local counseling agencies you may visit in-person please request your proposal package here. Or Call us Toll Free 800-565-1722

Greenpath
Online: Website     Phone: 888-860-4167
Appointment Availability
24-48hrs
Fee and Payment
$135 Upfront or through loan
Language Options
English, Spanish, or you may have own Interpreter
Quickcert
Online: Website     Phone: 888-383-8885
Appointment Availability
24hrs
Fee and Payment
$125 Upfront or through loan
Language Options
English, Spanish, or you may have own Interpreter
Smart Money Housing
Online: Website     Phone: 800-403-3807
Appointment Availability
24hrs
Fee and Payment
$125 Upfront or through loan
Cambridge Credit Counseling
Online: Website     Phone: 888-764-7460
Appointment Availability
48hrs
Fee and Payment
$125 Upfront only
Language Options
English, Spanish, Polish, Italian
Hancock Community Development
Online: Website     Phone: 877-284-4326
Appointment Availability
24-48hrs
Fee and Payment
$115 Upfront only
Money Management International
Online: Website     Phone: 877-908-2227
Appointment Availability
48-72hrs
Fee and Payment
$150 Upfront only
Language Options
English, Spanish
National Foundation of Credit Counseling
Online: Website     Phone: 866-698-6322
Appointment Availability
3 Weeks
Fee and Payment
$175 Upfront only
Language Options
English
National Council on Aging
Online: Website     Phone: 800-510-0301
Appointment Availability
2 Weeks
Fee and Payment
$130 Upfront only
Language Options
English, Spanish
Clearpoint Financial Solutions
Online: Website     Phone: 877-877-1995
Appointment Availability
2 Weeks
Fee and Payment
$150 Upfront only
Language Options
English, Spanish
Debt Helper
Online: Website     Phone: 888-860-4167
Appointment Availability
1 Week
Fee and Payment
$120 Upfront or through loan
Language Options
English, Spanish, or you may have own Interpreter

Mandatory Documents for Your HECM Counseling Session

counseling guide .pdf download Preparing for your Counseling Session (PDF file, 4 Pages)
What You Can Expect from Your Reverse Mortgage Counselor (4Pgs)
counseling guide .pdf download
Expanding the Use of Reverse Mortgages for Long-Term Care: A Blueprint for Action

 

Additional Documents for CA Homeowners

counseling guide .pdf download CA Reverse Mortgage Worksheet Guide (PDF file, 2 Pages)
This self-evaluation worksheet has five essential questions for you to consider when deciding if a
reverse mortgage is right for you.
counseling guide .pdf download

 

What happens after Reverse Mortgage Counseling?

After you have completed your counseling session you will be mailed a certificate of completion (view sample document). This Counseling certificate should be signed and returned to your lender if you wish to proceed with the processing of the loan. No 3rd party services may be ordered such as Appraisal, Title, Escrow until the lender has your signed certificate in hand.

 

Additional resources:

 

Reverse Mortgage Counseling
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