WSFS Financial Corporation, the parent company of WSFS Bank, announced that Henrietta Belcher-Stack, Assistant Vice President of Reverse Mortgage, received the first Certified Reverse Mortgage Professional (CRMP) designation.
The CRMP designation was created by an Independent Certification Committee comprising of members from the National Reverse Mortgage Lenders Association (NRMLA) that administer the program, while working in conjunction with Professional Testing, Inc.
Each of the nine designees were required to have a minimum of two years of experience in the reverse mortgage business and close at least 50 loans; take 12 hours of continuing education courses, as well as NRMLA’s three-hour ethics course, pass a background check and sit through a three-hour exam. The certification is valid for three years, during which time designees must sit for an additional 12 hours of continuing education per year to be re-certified.
“I congratulate Henri as an inaugural designee as she has demonstrated a deep understanding of the product and a dedication to continually use ethical lending practices with our Customers,” said Trish Kauker, Vice President, WSFS Reverse Mortgage.
WSFS is the number one reverse mortgage lender in Delaware, endorsing 95 HECM loans YTD according to data from the Department of Housing and Urban Development.
The company used to have a larger reverse mortgage footprint when it purchased 1st Reverse Financial Services, but decided to shut it down only a year later.