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What You Need to Know About LESAs

What You Need to Know About LESAs
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The agenda includes the following topics:

  • LESA Basics
  • Partially Funded vs. Fully Funded
  • Important information and reminders
  • Funds Distribution
  • LESA Calculations
  • LESA – Bad?
  • Avoiding a LESA
    • Extenuating Circumstances and Compensating Factors
    • Scenarios
  • Review

NOTE: THIS COURSE IS NOT APPROVED FOR CRMP CREDIT. 

Course Content

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.