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Updated in [July 27th, 2023]
This course is designed to provide Notary Publics and Loan Signing Agents with the additional training needed to handle Reverse Mortgage signings. Upon completion, learners will have a better understanding of the reverse mortgage process and be able to better serve their clients, closing agents, and loan officers. Additionally, learners will be able to add an additional stream of income to their notary business. The course covers an overview of the Reverse Mortgage Process, terminology relevant to Reverse Mortgage closings, consumer requirements for a Reverse Mortgage, unique documents used in this type of closing, and the perspective of the Reverse Mortgage Notary Closing Agent. It is important to note that learners should already possess a very good working knowledge of the duties and responsibilities of a Notary Loan Signing Agent prior to taking this course.
Course Syllabus
Introduction
Overview of Reverse Mortgages
Consumer Requirements for Reverse Mortgages
Documents Used in a Reverse Mortgage Signing
A View from the Notary Side of the Table
Elder Financial Exploitation
Conclusion
Final Assessment