The Financial Interview Tool (FIT) used by HECM counselors to create a budget and the Benefits Check Up tool to identify local resources for reverse mortgage borrowers have been replaced by the Client Budget and Resource Identity Tool (CBRIT), HUD announced.
The “Resource Identity” portion of the CBRIT will help counselors direct HECM clients to various non-HECM resources for which they may be eligible and provides instructions on accessing those resources. This feature replaces the NCOA Benefits Check-Up, and its use should be reflected in HECM client files, said HUD.
Counselors may access CBRIT through ibisreverse.com. For any questions, please contact your agency’s HUD Point of Contact (POC) or email: housing.counseling@hud.gov