Says Jay Barbour, President and Founder of VIP, “As one of only 148 individuals nationwide with this designation, VIP couldn’t be prouder of Mary and her achievement."
Phoenix, AZ (PRWEB) October 16, 2016
VIP Mortgage is proud to announce that Mary Nelson, Operations Manager with V.I.P. Mortgage, joined an elite cadre of mortgage professionals who have achieved the status of being a Certified Reverse Mortgage Professional (CRMP). Nelson earned the designation after she passed a rigorous exam and background check, thereby demonstrating a competency in the area of reverse mortgages and a dedication to uphold the highest ethical and professional standards.
“Being one of 148 people nationwide to have achieved this milestone is a testament to my commitment to reverse mortgages,” says Nelson. “The process involved to receive this professional designation was long and arduous and adds to the level of expertise maintained by myself and the firm.”
To qualify for the designation, applicants must have originated reverse mortgages for a minimum of three years or personally closed at least 50 loans; earned 12 continuing education credits; completed NRMLA’s Ethics Course; passed a comprehensive exam; and a background check. The certification is valid for three years, during which time designees must earn 8 CE credits annually to be re-certified. Applicants who are not loan originators, but nonetheless work in areas vital to the business, such as training, counseling, processing, underwriting and servicing, must have three or more years of experience.
Only 148 individuals nationwide currently have the CRMP designation. Nelson is one of ten people in Arizona to earn the designation, including her husband Tim, who earned the CRMP in December 2013.
Says Jay Barbour, President and Founder of VIP, “As one of only 148 individuals nationwide with this designation, VIP couldn’t be prouder of Mary and her achievement. She has demonstrated knowledge and competency in the area of reverse mortgage lending and we are honored to call her part of the VIP family!”
Reverse mortgages are available to homeowners 62 years old and older with significant home equity. They are designed to enable older Americans to borrow against the equity in their homes to help fund retirement needs, without having to make monthly payments as is required with a traditional "forward" mortgage or home equity loan.
Mary started her career in reverse mortgages 4 years ago when her husband, Tim, persuaded her to join the business as his reverse loan processor. Since then, the business has grown to include 8 loan officers, 6 designated reverse operations staff, and licensing in multiple states. She believes in the reverse mortgage product and enjoys “making a difference” in the lives of their borrowers.