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HERMIT System & Resources

HERMIT System went live on October 9 at 11:00 Eastern.

Home Equity Reverse Mortgage Information Technology (HERMIT) System
FHA issued Mortgagee Letter 2012-17 on September 11, announcing the launch of HERMIT, the online system for Home Equity Conversion Mortgages. The HERMIT User Guide is linked below and there are additional resources in the right column of this page.

The purpose of this web page is to provide information and resources to FHA-approved industry professionals who originate and service FHA Home Equity Conversion Mortgages under Section 255 of the National Housing Act.

HERMIT User Guide
Table of Contents
CHAPTER 1:      System Overview
CHAPTER 2:      Getting Started
CHAPTER 3:      Introduction to User Groups
CHAPTER 4:      Loan Setup
CHAPTER 5:      General Servicing (Pre-Endorsed/Endorsed)
CHAPTER 6:      General Servicing (Assigned)
CHAPTER 7:      Timelines  - Part 1
CHAPTER 7:      Timelines  - Part 2
CHAPTER 8:      Claims
CHAPTER 9:      Reports
CHAPTER 10:    Admin  Functions
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