Start page defines Single Family Origination HECM Counseling
HECM Counseling Functions
The HECM Counseling Functions menu enables
HUD and its HECM counseling business partners to perform the necessary
business tasks related to maintaining the FHA HECM Counselor Roster
and generating HECM Counseling Certificates required for FHA endorsement
of HECM loans. HUD's business partners include: a) FHA-approved
housing counseling agencies, b) housing counselors employed by
FHA-approved housing counseling agencies and approved for HECM
counseling, and c) FHA Connection Application Coordinators employed
by FHA-approved housing counseling agencies.
The HECM Counseling
Functions table below describes each function on the
HECM Counseling Functions menu and its capabilities.
|| Allows authorized
HECM counselors to enter and update information for a completed
HECM counseling session and generate a HECM counseling certificate.
A signed certificate is required by FHA before the lender can obtain
FHA insurance for a HECM loan.|
In addition, authorized users may use this function to search for
and view HECM counseling certificates generated via the FHA Connection.
Users include authorized HUD personnel, HECM counselors, and housing
counseling agencies' FHA Connection Application Coordinators.
|| Allows authorized
users to retrieve information about counselors on the FHA HECM Counselor
Roster. In addition: |
counseling agency's FHA Connection
Application Coordinator uses this function to add or
update a counselor's employment information,
counselor uses this function to view their information,
update personal and contact information, and add/update training
HUD Headquarters personnel can update counselor information
and terminate/reinstate a counselor's enrollment in the Roster.|
Counselor Roster Held
authorized HUD Headquarters personnel to review a HECM Counselor
Roster Application or HECM Counselor Roster Update/Renewal put on
hold for any of the following: |
After performing the necessary research,
the reviewer either accepts or rejects the application/renewal.
may be listed on the Limited Denial of Participation (LDP)
List or in the Excluded Parties List System (EPLS),
is a possible issue with the counselor's address or zip code,
research is needed to match the counselor with the correct
HECM Counselor Exam record.