What is a remote reverse mortgage counselor?

Remote Reverse Mortgage Counselors are certified professionals who provide counseling services to individuals considering a reverse mortgage, typically over the phone or via online platforms. Their main role is to educate homeowners about the benefits, risks, and financial implications of reverse mortgages, ensuring clients make informed decisions. They are required by federal guidelines to offer unbiased information and answer any questions the client may have before proceeding with a reverse mortgage application.