The reverse mortgage product is prone to a great deal of misunderstanding with the general public according to most industry observers, which has directly led to initiatives at leading industry companies that are focused on product education. However, one industry participant has a new opportunity to change reverse mortgage perceptions, this time at the government arm which oversees the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program: the U.S. Department of Housing and Urban Development (HUD).

Carol Dujanovich, the VP of Operations at Michigan-based 1st Nations Reverse Mortgage, was recently honored with an appointment to HUD’s Housing Counseling Federal Advisory Committee, making her the first reverse mortgage industry representative to sit on such a committee. To discuss the significance of the appointment and what the committee will aim to do under the direction of HUD Secretary Marcia Fudge, Dujanovich sat down with RMD Editor Chris Clow for an episode of The RMD Podcast.