What HECM Documentation must Mortgagees upload in HERMIT before claim submission?

Before claim submission, Mortgagees must upload into the Home Equity Reverse Mortgage Information Technology (HERMIT) system copies of the following documents:

  • all inspection reports from the initial inspection through the sale of the property; and
  • all appraisals received from the date the Home Equity Conversion Mortgage (HECM) became due and payable.

For more information see Mortgagee Letter 15-10 available at https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee
 
Any additional questions may be directed to the FHA Resource Center at Toll-Free (800) CALLFHA (225-5342) or by email to answers@hud.gov. Persons with hearing or speech impairments may reach this number by calling the Federal Information Relay Service at (800) 877-8339.


All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-02416