The first step is education. In it, we learn about the client’s situation and teach the client about how a reverse mortgage would work specifically for them. We also investigate whether a client would qualify for a reverse mortgage or not(as not everyone qualifies). Next, the senior completes reverse mortgage counseling and fills out an application. After that, an appraisal is done and title is ordered. Underwriting then receives the file, and shortly after the client will be “cleared to close”. All in all this normally takes under a month.