Local Businessman Awarded Special Reverse Mortgage Designation
Henderson, NV (PRWEB) February 26, 2016 -- Rick Rodriguez, a reverse mortgage specialist with Proficio Mortgage Ventures, LLC, has joined an elite cadre of mortgage professionals who have achieved the status of being a Certified Reverse Mortgage Professional (CRMP). National Reverse Mortgage Lenders Association (NRMLA), headquartered in Washington, D.C., bestowed the certification on Rodriguez after he 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.
Only 117 individuals nationwide currently have the CRMP credential, and Rodriguez is the first person in Southern Nevada to earn CRMP status.
“Being one of 117 people nationwide to have achieved this milestone is a testament to my commitment to reverse mortgages,” says Rodriguez. “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.
“Rick is one of 117 individuals with the Certified Reverse Mortgage Professional designation. As a CRMP, he has demonstrated knowledge and competency in the area of reverse mortgage lending, and is dedicated to upholding high standards of ethical and professional practice in the industry." said Peter Bell, President and CEO of the National Reverse Mortgage Lenders Association.
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. Under a reverse mortgage, funds are advanced to the borrower and interest accrues, but the outstanding balance is not due until the last borrower leaves the home, sells, or passes away. Borrowers may draw down funds as a lump sum at loan origination, establish a line of credit or request fixed monthly payments for as long as they continue to live in the home. To date, more than 963,000 senior households have utilized an FHA-insured reverse mortgage.
About Rick Rodriguez, CRMP
Since 2005 I have specialized in reverse mortgages and throughout my career I have been recognized as a knowledgeable reverse mortgage professional. I am passionate about reverse mortgages and educating the public on its benefits and requirements. I spend time consulting seniors, their families, and various professionals and organizations about the role reverse mortgages have in real estate and retirement planning. For over 10 years I have consulted thousands of seniors on the use of reverse mortgages as a retirement tool to meet financial goals and maintain liquidity. My consultations will walk you through the benefits and guidelines of using a reverse mortgage. Please feel free to contact me anytime to learn more about your options with a reverse mortgage in retirement.
About Proficio Mortgage Ventures, LLC
Proficio Mortgage Ventures, LLC (“PMV”), NMLS# 7840, is a wholly owned subsidiary of Proficio Bank. PMV is a full service reverse mortgage lender and offers an entire suite of services including full service processing, in-house closing and funding, a scenario desk, and an application fulfillment team. As a nationwide lender, we’re well trained to find the right solution that fits your needs. Whether you are exploring a reverse mortgage for purchase or refinancing, our staff will go the extra mile to efficiently manage your loan transaction.
About the National Reverse Mortgage Lenders Association:
The National Reverse Mortgage Lenders Association (NRMLA) is a membership organization comprised of over 300 companies and more than 2,000 people participating in the reverse mortgage industry. NRMLA serves as an educational resource, policy advocate and public affairs center for lenders and related professionals. NRMLA was established in 1997 to enhance the professionalism of the reverse mortgage business.
For information contact:
Lauren Vickery, Vice President, Marketing
855-212-0839; lvickery(at)proficiomortgage(dot)com
Lauren Vickery, Proficio Bank, http://www.proficiobank.com/, +1 (855) 212-0839, [email protected]
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