CLE courses are a great way to reach out to the legal profession. This is the fourth one I have heard about in the last two years. A practicing attorney in Florida has had such a course for several years now. A branch of a mortgage banker in California has also had some success with a CLE course.

Reverse mortgages have historically a very weak standing in the legal community primarily due to pre HECM era and also bad press. Courses that are detailed with lots of primary source reference materials and quotations from practicing attorneys are great. Courses of this nature can be a real bridge not only for the originator and originating firm but also the industry as a whole into the legal community. Courses that merely state what we believe are facts should be avoided; they tend to reinforce the poor image many practicing lawyers have about our industry.

For the sake of the industry, firms that have had legal problems in the not too distant past should refrain from teaching attorneys about the legalities of reverse mortgages. With the findings and penalty assessments made in April 2008, it is hard to see this particular company dispensing information on consumer protections to the legal profession. http://www.hvpress.net/news/119/ARTICLE/4150/20….

Those who emphasize teaching trusted advisors, like attorneys, CPAs, and CFPs, about reverse mortgages should have an above average reputation in advertising, affiliations, legal practices, and providing service to seniors. Anything less could cause more harm than good.

tishman,

Why would NRMLA be involved in such a review? Here the issue is not the content but the provider.