About DirectConnect
DirectConnect Reverse Mortgage Counseling Services is an exclusive copyrighted online management system that is owed and operated by OneSource Educational Development Corporation ("OneSource").
OneSource is a national development company with over 60 years of combined experience in developing proven educational programs and online management systems for non-profit credit counseling organizations, credit associations, private financial companies, private and state universities, and for the Executive Office for U.S. Trustees debtor education program under the new bankruptcy law.
The DirectConnect management system was created as a one-stop solution that will unite reverse mortgage lenders, HUD-approved counseling agencies and seniors together in an effort to close loans quicker by satisfying all counseling requirements for HECM loans, Cash Account loans as well as issue completion certificates to seniors and lenders within 24-72 hours.
DirectConnect has approximately 100 HUD-approved HECM counselors spread out across the United States, covering all time zones. All HECM counselors have years of experience in HECM counseling and have now been trained for Cash Account counseling.
In addition, the DirectConnect management system has been reviewed and was revised by the U.S. Department of Housing and Urban Development, known as HUD to ensure that the system meets all requirements to the HUD HECM counseling protocol including procedures and policies.
Key benefits of DirectConnect:
- DirectConnect provides the management tools and education materials required by the non-profit agency to facilitate the reverse mortgage counseling session and issue completion certificates. The system also provides reports to better allow the agency to manage their counselors sessions, monitor the progress of their borrowers, and develop controls to ensure all borrowers receive the best service.
- DirectConnect also allows HUD approved counselors to search for clients who may be calling in for their reverse mortgage counseling session; view and work with new clients that need counseling, follow up on pending clients that still need to talk to you and view all completed clients.
- DirectConnect provides various tools that the Lender will need to be able to register new clients for counseling, search for clients who may be calling in with questions about their loan; view all new clients, check the status of a client or all loan officers clients, view all completed clients per loan officer, run reports to keep everyone informed and administer the users on the DirectConnect system.
- DirectConnect also allows Loan Officers to search for your clients, view all their new clients, view and check the status of their pending clients, view all completed clients and run reports on their clients.
After many months of developing these tools and resources, we are proud to share the
DirectConnect Reverse Mortgage Counseling Services with you.
Best Regards,
OneSource Educational Development Corporation