RFI User Guide - HECM Reverse Mortgage Lender Network

 

RFI - HECM Reverse Mortgage Lender Network

 

A key component of RFI is its ability to access The Mortgage Professor's network of HECM reverse mortgage lenders. This allows RFI to use real-time HECM pricing in its calculations.

By default, RFI automatically selects the HECM lender and product that optimizes results for the scenario whenever you "Calculate" a scenario using a button in the "Calculate Scenario Projections" column of the scenario definition table. You always have the ability to view real-time HECM pricing and override RFI's selected lender by clicking one of the "HECM Quotes" buttons in the "View Live HECM Pricing" column in the scenario definition table.  When you click one of these buttons the HECM quote screen is displayed as follows:

There are a few things to note about this screen:

 

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