Documents & Underwriting

Reverse Mortgage Documents - How and Why Information is Obtained - Processing and Underwriting

Application Documents

Your mortgage loan originator (also known as a loan officer) gathers information from you, and  with that information, creates your HECM loan application.  You will sign the application in the appropriate places, and the loan officer submits these to the processing department.

How Does Mortgage Processing Work?

A processor receives the application documents and opens a file.  This is done via software specifically designed for the mortgage industry so it can be later uploaded to an underwriter for review.  The processor is responsible for the following tasks:

*Entering your data into the mortgage processing system 

*Checking documents for accuracy 

*For FHA: Ordering an FHA Case number OR transfer of a  case number

* Ordering a title report to confirm ownership of your home

*Obtaining updates on real estate taxes and tax bills

*Ordering an appraisal on your property to determine its value

*Getting payoffs from your current mortgage company 

*Submitting your application and documents to underwriting

*Advising the loan officer that the loan has been approved with conditions

*Uploading conditions required by the underwriter to close your loan

*Getting your loan ready for a clear to close by the underwriting department

*Scheduling your closing and contacting all parties who will attend 

*Post Closing : Making sure your funding and payoffs were disbursed.

Mortgage Underwriting

What do underwriters look for?

Underwriters are most common in industries where transactions carry considerable risk.

Each industry has their own underwriter specific to a particular business model with expert knowledge of their field, and in the case of mortgages, an underwriter must have a firm knowledge of mortgage lending.

An underwriter is responsible for assessing and evaluating risk to the lender or, in an FHA loan, FHA.

FHA Insured loans or HECM's (Reverse Mortgages):

It is the FHA underwriter's job is to ensure that the FHA HECM application and documents meet FHA stancards and is ensurable by FHA guidelines. Once it has been detemined the loan meets those guidelines, the underwriter can approve the loan with conditions required for a clear to close.


Got questions? Get Kathie's Free Reverse Mortgage Booklet. For a free Reverse Mortgage Comparison:


  • Names of all borrowers
  • Dates of birth for all borrowers
  • Balances on mortgages & equity loans
  • Approximate value of home
  • Zip code to property or address

Contact Kathie Adler - 631-804-9044

Drop us a line!

Better yet, see us in person!

Kathie Adler will provide a free consultation as well as free literature so you can learn the ins and outs of Reverse Mortgages. She makes home visits or you can meet her at the Advisors' Office.   Set up your appointment today, and take advantage of this life changing tool called a Reverse  Mortgage.

If a Reverse Mortgage is not right for you, Kathie can provide information on other mortgage products. Advisors Mortgage Group does conventional. VA, FHA, 203k, construction loans, etc.  

Advisors Mortgage Group, LLC

3330 Park Avenue, Suite 1, Wantagh, NY 11793

(631) 804-9044 (Cell, best way to reach Kathie) or leave a message 24 hours a day: 888-843-9797