Do I take an application?

No. Advisor simply advises customers of their options and presents  the quote information provided by Legacy Reverse Mortgage. Once a customer indicates they want to proceed with a reverse mortgage and they have been advised, your role is almost finished. Legacy Reverse Mortgage personnel will take the application and work directly with the customer to get the loan closed.

The only documentation the advisor and borrower will execute is the agreement between the advisor and borrower detailing the advisors role and how much he will be paid. The Advisor/Borrower agreement is located on the Reverse Mortgage Advisor Program web page.