Reverse Mortgage Counseling Association
Welcome
This service is a joint development of RMCA and Ibis that provides you with a list of HECM counseling agencies and an easy to use, 'protocol' pre-counseling package (the Sandbox) that you can print or email to your clients.

The one-page counselor list is current and accurate. It follows HUD, Massachusetts, Minnesota and California regulations. The Sandbox is a unique, patent pending tool that creates a personalized website for your client where they can run scenarios. If a lender creates a Sandbox, it shows the reverse mortgage products offered by that lender.

 
Enter your Access Code >     then click >>              
 

If you don't have an access code, click here to request one. Click only once, we're swamped, so be patient on our reply. This is a required input to use this service. Your access code tells the Sandbox what products to show and controls the ID number shown at the top of the agency locator list.

When a counseling session begins, the counselor can ask the client if they have a ID number at the top of their agency list. If they do, they can read it to the counselor who will then enter it into the Ibis RMA counseling software. The ID number triggers Ibis RMA to show the products and pricing that have been proposed to this particular client.

Counselors will be looking at accurate loan scenarios, and there will be fewer complaints and less confusion about differences in figures between those that clients have received from a lender and what they hear during their counseling session. There is no contact between the counselor and the lender, yet the counselor can easily see and use the same figures proposed by the lender. This should eliminate concern about counselors steering clients to other lenders.

Lenders can be more confident that clients will be counseled on loan examples similar to those offered by them to the client. And soon lenders will have to enter the HCS (Housing Counseling System) numbers of the counselors on the list they provide to each client into the FHA Connection. The RMCA locator list shows these HCS numbers.

Counselor Training Notes: To test drive the new system, first create a Sandbox by clicking the 'Start Sandbox' button that will appear below as soon as you log-in here. On the first page you enter client info. On the second page you can review the numbers that the client will receive (let Ibis know what default products you want to show). On the third page you can email the Sandbox to yourself or print it.

Then log-in to RMA.IbisReverse.com as usual. On the Navigator page enter the Record Locator Number (RLN) of the Sandbox you created and click 'Get Info'. The client's info and product will appear. Click 'Save Client' at the bottom of the page. The reason we have you create a Sandbox on your own is for you to see how it works and to generate a unique RLN. Once a RLN is used, that client is assigned to whichever counselor entered it first. But your admin folks can move clients from one counselor to another.

 

Copyright © 1992–2012 Ibis Software Corporation  All rights reserved. Patents pending.
2.9.8 - 4/10/2012