NRMLA Awards CRMP Designations to First Class of Originators

NewImage.jpgThe National Reverse Mortgage Lenders Association awarded the first class of loan originators the Certified Reverse Mortgage Professional (CRMP) designation during the association’s Annual Meeting & Expo on Nov. 3 in New Orleans.

Developed with the support of its board of directors and membership, NRMLA invested more than $200,000 to create the program with Professional Testing Inc. of Orlando, Fla., international experts on creating licensure and certification programs.

“In our ongoing effort to assure America’s seniors that they can borrow with confidence from a NRMLA lender, we have made a significant investment of both human and financial resources and created a rigorous program focused on solid experience, continued education and ethical training,” said Peter Bell, NRMLA president.

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In order to apply for the CRMP designation, loan originators are required to have at least two years of experience and closed 50 reverse mortgages.  If they meet the requirements, they can must take 12 hours annually of continued education, participating in a three-hour interactive ethics training seminar, a background check and sitting for an exam. The certification is valid for three years, but a designee must recertify every year and obtain 12 hours of continuing education credits annually over that period.

The program is administered by an Independent Certification Committee comprised of NRMLA members that oversee the establishment of criteria, eligibility, testing and recertification. In accepting their responsibility in governing this credentialing organization, committee members must understand that their fiduciary responsibility includes safeguarding the public’s trust through the administration of a credible credential and in exercising due diligence to uphold the integrity of the certification program.

The members of the first class of CRMP designees represent 12 companies from nine states. They include:

  • Henrietta Belcher-Stack, reverse mortgage assistant vice president at WSFS Bank, located in Millsboro, Del.
  • Clarence “Buck” Harbuck, Gulf Coast area sales manager for Financial Freedom, located in Ormond Beach, Fla.
  • Eric Kirschbaum, reverse mortgage manager at All Island Mortgage & Funding, located in Smithtown, N.Y.
  • Kenneth Klawans, president of iReverse Home Loans LLC, a subsidiary of Hopkins Federal Savings Bank, located in Owings Mills, Md.
  • Anissa G. Palmatier, a reverse mortgage consultant with PNC Reverse Mortgage LLC, located in Bloomington, Ill.
  • Michelle Newbold, a reverse mortgage consultant with PNC Reverse Mortgage LLC, located in Bloomington, Ill.
  • Eric Rittmeyer, president, Fidelis Mortgage, located in Baltimore, Md.
  • Karen Keating, president, Tradition Title Agency, located in Bayshore, N.Y.
  • James King III, a reverse mortgage consultant with McGowin-King Mortgage, located in Birmingham, Ala.
  • Roberto Nascimento, reverse mortgage manager, Wells Fargo Home Mortgage, located in White Plains, N.Y.
  • Alain Valles, owner, Direct Finance Corporation, located in Hanover, Mass.
  • Song Hutchins, vice president, Capital Point Funding Group Inc., located in Silver Spring, Md.
  • Anthony Gatto, owner, Morgan Hill Funding, located in Turnersville, N.J.
  • Bruce Anderson, reverse mortgage consultant, Ameriplex Mortgage, located in Albuquerque, N.M.

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  • Thank you for recognizing the first class of recipients. Since the Annual Meeting last month, the list has grown bigger. There are now 21 people who have been awarded the CRMP and another six people have passed the exam and are in the final stages of completing their background checks.

    Recent awardees include:

    Randy Anderson, Reverse Mortgage Solutions, Spring, TX

    Carolyn Fields, Citizens First Wholesale Mortgage Company, located in The Villages, FL

    Jane Harrington, M&T Bank, Buffalo, NY

    Melinda Hipp, Legacy Mutual Mortgage, San Antonio, TX

    Edward O’Connor, Advanced Funding Solutions, located in Lindehurst, NY

    Morrie Shoob, Seniors Reverse Mortgage Solutions, San Ramon, CA

    Neil Sweren, Southern Trust Mortgage, Ellicott City, MD; and

    Lawrence Wolf, Franklin American Mortgage Company, Marlton, NJ

    These people are using the CRMP logo on their business cards, on their web sites and in their marketing materials. They’re very excited about the CRMP, because it gives their clients a greater sense of security that they’re working with someone who is not only ethical, but highly competent.

    Everybody who has taken the exam has told me it’s no cake walk, that you really need to know the rules and regulations.

    If anyone is interested in learning more, they can visit http://www.nrmlaonline.org/nrmla/ethics/conduct.aspx

    Darryl Hicks, Vice President of Communications
    NRMLA

  • While I applaud the efforts of these individuals, I still question the value of the designation in the eyes of certain segments of the public and government due to its lack of formal education requirements. Attendance of twelve hours of designated conference program hours and three intensive hours of NRMLA ethics as the sole educational prerequisite for obtaining the credential shows little commitment to understanding issues like appraisal, real estate law, basic legal entity law, tax law, and the financial principles which are so basic and crucial in helping seniors through the decision making process in obtaining a reverse mortgage. If passing college level work of this nature was mandated as a prerequisite (or in the case of those already holding the credential as additional ongoing CPE requirement), then the credential would mean far more to all segments of the public and government officials.

  • While I applaud the efforts of these individuals, I still question the value of the designation in the eyes of certain segments of the public and government due to its lack of formal education requirements. Attendance of twelve hours of designated conference program hours and three intensive hours of NRMLA ethics as the sole educational prerequisite for obtaining the credential shows little commitment to understanding issues like appraisal, real estate law, basic legal entity law, tax law, and the financial principles which are so basic and crucial in helping seniors through the decision making process in obtaining a reverse mortgage. If passing college level work of this nature was mandated as a prerequisite (or in the case of those already holding the credential as additional ongoing CPE requirement), then the credential would mean far more to all segments of the public and government officials.

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