SOFTOPT ENGINEERING LLC
Summary
HECM, Home Equity Conversion Mortgage, reverse mortgage, reverse mortgage counseling, HECM counseling, counseling, housing counseling, reverse mortgage counselor, HECM counselor, HECM software, HECM tools, reverse mortgage software, software, consulting, online tools, HECM Policy, HECM Regulations, HECM Formulas, HECM Calculations, HECM Origination, HECM Servicing, Total Annual Loan Cost, TALC, HECM Consulting
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Description
SoftOpt Engineering LLC dba Reverse Engineer Lab LLC licenses HECONOMICS, a consumer-facing and professional-facing educational web platform that enables senior homeowners to learn about FHA’s reverse mortgage called a Home Equity Conversion Mortgage (HECM). Reverse Engineer Lab developed and built HECONOMICS to support Traditional HECM and Purchase HECM. Licensees may include: Federal & State Agencies, Senior Advocate Organizations, and Housing Counseling Agencies. Reverse Engineer Lab possesses subject matter expertise in the following areas: HECM Policy and Regulations; HECM formulas to perform the calculations for Loan Origination, Servicing, and Regulation Z’s Total Annual Loan Cost (TALC). HECM consulting services available upon request.
