Last reviewed 08-20-2026Short-Sale.com Editorialglossary
Home Equity Reverse Mortgage Information Technology (HERMIT) System (applicable to HECMs only)
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
Home Equity Reverse Mortgage Information Technology (HERMIT) System (applicable to HECMs only)
The Home Equity Reverse Mortgage Information Technology (HERMIT) System refers to HUD’s HECM Servicing platform for collecting MIP, managing all servicing activities and paying insurance claims. See the HERMIT User Guide for detailed information regarding using the platform.
Need help?
Ask more questions about Home Equity Reverse Mortgage Information Technology (HERMIT) System (applicable to HECMs only) in Help. You'll get answers for your situation.
People also ask