Welcome to Ibis RMA.
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This calculator is intended for counselors on the HUD HECM Counselor Roster. You can launch the FIT system directly from Ibis through a link on the Navigator page. Other features include sticky notes, calendar tasks, and the ability to reassign a client to another user in your organization.
If your client has a Record Locator Number, you can enter it on the Navigator page and info about your client and the products proposed to them will flow into RMA. An Ibis RLN will save you some typing and ensures you that your client has received a complete pre-counseling package either from your agency or a lender unknown to you.
 
A sample non-borrowing spouse ("NBS") certification page has been added to Ibis RMA. As part of the HECM loan package it must be signed by any borrower with a NBS and by all borrowers who are not married, i.e., all single borrowers. If there are two single borrowers, each must sign one of these certification pages. To view and print this page, click here > NBS Page <.
 
SOFTWARE UPDATES: As per ML2019-20, the 2020 national HECM lending limits have been increased to $765,600. For the period January 1, 2020 through December 31, 2020, the maximum claim amount for FHA-insured HECMs will be $765,600. To apply the new lending limit that goes into effect Jan 1, 2020, select “Case Number will be assigned on or AFTER 1/1/2020...” on the Estimates pate.
 
Effective January 1, 2021, Ginnie Mae will no longer accept LIBOR-based loans. It appears that all HECM lenders will be switching to the Constant Maturity Treasury (CMT) indices. CMT was used in the old days, and Ibis has maintained it. The Ibis interest rate database is up to date. Since it takes 60 days or more to process a HECM from proposal to closing, expect to see CMT loans coming thru around or before November 1, 2020. Shortly Ibis RMA will use CMT rates as its default setting.
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Other inquiries?
Email support@ibisrmo.com. Or, after 11 AM Eastern time call 800-566-5077
To login to the BCU system, click => Log-in to BCU
To login to the FHAC system, click => FHAC Log-in
Dec 3,2020 v8.28
Warning: This site is provided by Ibis Software Corporation ("Ibis") under a contract with HUD. The contract provides exclusive access to this site to individuals listed on the HUD HECM Counseling Roster or otherwise approved by HUD. The software supporting this site is copyrighted (c) by Ibis which also has Patents Pending. Ibis has been providing online reverse mortgage tools since 1999 and PC-based reverse mortgage tools since 1992.

HUD and Ibis hereby restrict the use of this calculator to noncommercial purposes. Counselors may use this calculator to generate loan estimates, but may not sell this information in whole or in part to any party. All commercial uses are restricted and unauthorized and may constitute a violation of U. S. copyright law. This calculator is not for commercial use. Commercial users are not to use this calculator.