What does the origination process look like?

Here is a quick look at the origination process on a reverse mortgage. Step One: Customer requests a quote for a reverse mortgage and advisor receives quote from Legacy. Step Two: Customer agrees to proceed with an application and arrangements are made for a Legacy Reverse Mortgage loan officer to take the application. Step Three: Customer goes to counseling session. Step Five: Loan is processed and closed. Step Six: At funding advisor is paid fee for services. Entire process will usually take 4-6 weeks.