Welcome to the Reverse Mortgage (HECM) page. Please select “Tier Level Type” to access forms, helpful guides, tutorials, and tools.

STEP 1: SELECT TIER LEVEL TYPE

TURNKEY

Elects to have LHFS handle processing of the loan. Has minimal requirements for submission to LHFS. May determine who will contact borrower for documentation.  Does not use eXPRESS to submit loan documents or conditions.

SKILLED

Elects to fully process loan. Has the same minimum requirements for submission to Underwriting that the Processor has for a Turnkey Tier Level. Uses eXPRESS to submit the loan and to submit conditions to Underwriting.

INDEPENDENT

Completes the Proposal, generates the Application package, Discloses the loan, and Processes loan. Uses Reverse Vision to upload loan documentation and any subsequent conditions. May communicate with the Underwriter directly.