Get training

• 1). In order to become a HECM-approved counselor, you will have to attend HUD-approved training or download the training materials online. This material does not just encompass training in reverse mortgages but also covers proprietary reverse mortgages, home keeper and cash account products. These materials can be obtained for free through HUD or AARP. You will also be required to download specialized HECM software from HUD so that you can familiarize yourself with the loan process in order to obtain underwriting approval.
  
  
• 2). Once you have studied for the HECM certification exam, you will need to register for the exam itself. You will do so by visiting the official HECM website (listed below) and reading all necessary requirements for the exam. You will then go to the Edgia website to pay the $100 testing fee and find a Prometric testing center near you to take the certification exam.
  
  
• 3). It is important to be prepared before taking the exam because you will not be permitted to take any study materials into the testing room. You are required to achieve a score of at least 80 out of 100 in order to achieve certification. Once certified, you will receive the information on how to apply to become a member of the HUD HECM National Counseling Network.
  
  
• 4). Once applying to become a member of the HECM national counseling network, you will be required to provide your FHA certification as well as your proof of passing score. Once completed you will be part of the HUD HECM National Counseling network and be able to participate in their projects, have access to the website and get reverse mortgage leads.