Changes in HUD Counseling

Revised 6-1-07 Latest Update from Direct Connect
Direct Connect is a service commonly used by reverse mortgage advisors to order third party counseling reverse mortgage counseling for their borrowers. One of the questions I posed to the head of the HUD counseling department in Santa Ana, CA is how are HUD counselors going to keep up with this rapidly changing industry. To their credit, each counseling session is performed with product specific information and the numbers that are discussed are specific to the loan estimates of the borrower. See below for further information.