Welcome to the Certified Reverse Mortgage Professional (CRMP) web page. One of our goals as an industry trade association is telling consumers with confidence, you can depend on a NRMLA member. Saying it is one thing; proving it is another. That is why NRMLA created the Certified Reverse Mortgage Professional (CRMP) designation.

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During my lifetime, retirement planning has become more and more challenging. the HECM market is highly regulated. Under a counseling requirement that is unique to reverse mortgages, HECM lenders.

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NRMLA lenders must abide by the group’s code of ethics. All HECM reverse mortgage loan borrowers must meet with an independent third-party counselor before applying for the loan. These counselors must.

Reverse mortgage counselors also must follow uniform counseling protocol, such as (1) discussing with prospective mortgagors the financial implications of entering into a reverse mortgage and (2) certifying that counseling occurred.

Reverse mortgages (HECM home equity conversion Mortgage) provide retired borrowers receiving social security a mortgage option that uses the equity in their home to pay them each month without requiring a mortgage payment.

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The reverse mortgage counselor must become familiar with the client’s financial situation by working with the client following the requirements of HECM Protocol 7.B.12 provide the client with a discussion of reverse mortgage products and other

The road to becoming a financial counselor begins with earning a bachelor’s degree in finance, mathematics, accounting, business or economics.. How to Become a reverse mortgage counselor;. How to Become a Mortgage Banker; Banker Qualifications;

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The grant will support specialized counseling to seniors in California with reverse mortgages who may be at risk of losing their homes because of unpaid property taxes, unpaid insurance bills or.

While a reverse mortgage may be the perfect solution to your in-home care dilemma, it also comes with strict rules regarding homeowners’ insurance, mortgage insurance, and home maintenance, making it.

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