About HECM Insurance Application
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  Preparing to Use HECM Insurance Application  
  Information Sources  
 

HECM Insurance Application information is entered primarily from the following forms included in the case binder:

bullet Appraisal Report
   
bullet Buydown Agreement
   
bullet Certificate of HECM Counseling (form HUD-92902)
   
bullet Credit Report (form HUD-92902)
   
bullet Demographic Information Addendum to URLA - (Freddie Mac Form 65 - Fannie Mae Form 1003)
   
bullet HECM Financial Assessment and Property Charge Guide and HECM Financial Assessment Worksheet
   
bullet HECM Loan Agreement (including Repair Rider, if applicable)
   
bullet
 HECM Payment Plan
   
bullet HUD Addendum to Uniform Residential Loan Application (form HUD-92900-A)
   
bullet Mortgage or other security instrument
   
bullet Note
   
bullet
 Settlement Statement/Closing Disclosure
   
bullet Uniform Residential Loan Application for Reverse Mortgages (Fannie Mae form 1009)
   
 
Topics
  
  Preparing to Use HECM Insurance Application  
  bullet Purpose  
  bullet HECM Insurance Application Authorization  
  bullet Information Sources  
  bullet Requirements  
  bullet Upfront (Initial) Mortgage Insurance Premium (MIP)  
  bullet Underwriters  
  Completing the HECM Insurance Application Form  
  bullet User Aids  
  bullet Tips for Entering General Information  
  bullet Tips for Entering Worksheet and Mortgage Information  
  bullet Tips for Changing Borrower
Information		  
  HECM Insurance Application - Accepted or Rejected?  
  bullet Determining Insurance Application Status  
  bullet Retrieving Mortgage Insurance Certificate (MIC) Information  
  bullet Resolving a Notice of Return (NOR)