The Department of Housing and Urban Development issued a temporary waiver that allows reverse mortgage counselors who were required to take the HECM exam last year, but couldn’t, to remain on the Counselor Roster.
Counselors must take the HECM exam every three years, but the exam was unavailable for several weeks at the end of 2021 while HUD found a replacement vendor to manage the exam process. The HECM Roster exam is now available and can be accessed at hecmexam.org.
Those HECM counselors that this waiver applies to have been extended in FHA Connection through June 30, 2022. View the waiver.