Overview of the HECM Tool

About Overview of the HECM Tool

The module is a broad overview of how the HECM Tool works. It provides information on signing in, navigating the tool, adding customers, editing customer details, creating reports for purchases or refinances, and generating report summaries.

December 10, 2023

This lesson provides a broad overview of how the HECM Tool works. It covers topics such as signing in, navigating the tool, adding and editing customers, creating reports for different scenarios (purchase and refinance), comparing different loan options, and generating and sending reports to clients.

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Learn how to easily sign in and out of the HECM Tool and reset your lost password. Learn the report generation restriction by license.

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How to add, edit and remove customers.

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In this lesson you will learn how to start and create a HECM Tool Report or HTR. This is a basic overview of how to create the HTR.

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Learn how to create a Purchase HECM Tool Report. Discover how to run purchase reports if purchase price is known or if the borrower has a specific amount available for closing to determine the home price.

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We cover how to create refinance reports with single option or two option comparison scenarios.

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Understand how to save, update, and edit reports. Learn how to keep rates updated and not share outdated reports.

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Learn how to find and edit existing reports for borrowers.

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