Galen Elise Call, CRMP. Certified Reverse Mortgage Professional Monterey California

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One Step at a Time

Where should you start?  The decisions surrounding this loan are often overwhelming and I encourage you to seek the advice from  those whom you trust the most: family, friends, attorney, tax and financial advisors. Especially seek counsel from a qualified reverse mortgage originator who understands and can explain what this loan is and is not. If you learn that your advisors also need step 1 below, please encouage them to contact me.

Step 1 Education:  Meeting with a qualified reverse mortgage professional is key. Contact me for more information about details and specific reverse mortgage loan programs. 831-645-1164 or galen@treehousemortgage.com  The National Reverse Mortgage Lenders Association http://www.reversemortgage.org  provides an excellent overview of reverse mortgages and can answer many questions. I am a member and my parent company American Pacific Reverse Mortgae Group is a member. HUD is also a good resource for educational materials. https://www.hud.gov/program_offices/housing/sfh/hecm/hecmhome 

Step 2 HUD Counseling: A HUD-approved agency interviews you usually over the phone, for a lengthy conversation often lasting over an hour. It takes a few days to schedule and at completion you receive a certificate. The cost est. $150.00 is paid by you usually with a credit card and in exceptional cases the cost can be collected at closing from the reverse mortgage proceeds. I can provide that list of counselors.

Step 3 Your Application: Once you have completed your HUD counseling,  after a 7 day wait period in California,  I will guide you throught the applcation package. We can do this in person or over the phone  If you live in California I can help you!

Step 4 Processing: At this phase we open escrow, order the title report, the FHA case number and most notably order the appraisal.  The appraiser will contact you directly to schedule the inspection.  This step can take a couple of weeks and from here to the closing table takes on average 30 days.

Step 5 Underwriting: After the  appraisal has been completed and the report is in hand, we submit the entire file for underwriting. Additional items might be requested.

Step 6 Final Loan Documents and Funding: Once your loan has been fully approved and any outstanding conditions have been satisfied, we will set up an accommodation signing to take place at your home  or at my office, whichever is most convenient for you. The loan signing usually takes about 1 hour. We will then send the final loan documents back to underwriting, and you can expect your Reverse Mortgage to fund after 3 business days. ( a HECM for purchase has no 3 day recission)

Step 7 Enjoy your new life!

 

 

 

GALEN ELISE CALL, CRMP


Certified Reverse Mortgage Professional

Call Today: 831-645-1164
gcall@apmortgage.com

NMLS #226129 | DRE #00908338
APMC DRE #01215943 | APMC NMLS #1850

APM Reverse Mortgage Group

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Licensed by the Department of Corporations under the California Residential Mortgage Lending Act

Licensed by the Department of Financial Protection and Innovation under the CRMLA

California zip codes served: 93940, 93901, 93905, 93908, 93921, 93933, 93943, 93950, 93953, 93955, and 93962

Not available in New York.

Copyright © 2025 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies are subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans are subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.

3000 Lava Ridge Ct. Suite 103
Roseville, GA 95661

Branch NMLS #150590

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