Housing Counseling FAQ
Q

Will counselors be certified or licensed to do HECM counseling and, if so, will HUD track a certified counselor’s continuing education?

Date Published: September 2015

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A

HUD instituted the Home Equity Conversion Mortgage (HECM) roster rule in October 2009 that requires HECM counselors to register on a HUD roster after taking and passing a HECM exam. Further, to remain on the roster, counselors will be required to take continuing education and training on HECMs every two years and provide this information to HUD.


Tags: Housing Counseling Program HECM Counseling Fees

FAQ ID:

2552