Colorado’s First Certified Reverse Mortgage Specialist  - (303) 467-7821

Reverse Mortgage Blog

Changes To HECM Appraisals

Bruce Simmons - October 02, 2018
Changes To HECM Appraisals

On Friday, September 28th , the Federal Housing Administration (FHA) announced it will require a second appraisal on Home Equity Conversion Mortgages (HECM) that have been flagged by the agency as having the potential for an inflated property valuation (appraisal). Beginning on October 1st, lenders will have to submit all appraisals that have an FHA case number of October 1, 2018 or later, to undergo a “collateral risk assessment” conducted by FHA. ..


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Bruce Simmons Reverse Mortgage Specialist

American Liberty Mortgage, Inc.
Bruce E. Simmons, CRMP
Reverse Mortgage Manager
NMLS #409914

1932 W 33rd Ave
Denver, CO 80211

Direct: (303) 467-7821
Cell: (303) 513-2748
Toll Free: 1-877-467-7801

Fax: (303) 600-7871
bruce@almortgageinc.com

Licensing: Colorado LMB #100036937 // American Liberty Mortgage, Inc NMLS #1462
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