Certified Reverse Mortgage Professional (CRMP) Designation

Welcome to the Certified Reverse Mortgage Professional (CRMP) web page.

Earning the CRMP will distinguish you as someone who has demonstrated superior knowledge and competency in the area of reverse mortgages and dedication to upholding the highest ethical and professional standards.

KEY DOCUMENTS
CRMP Candidate Handbook (PRELIMINARY DRAFT) Describes all aspects of the certification process and helps candidates prepare for the exam. The handbook contains an overview of exam content, eligibility criteria, information on registering for the exam, guidelines for taking the exam and relevant policies and requirements.

Exam Blueprint
Describes the areas of knowledge covered in the CRMP exam.

CRMP Application
Once you have met all the eligibility requirements, please fill out this application and submit for review to NRMLA along with payment. If approved, you may sit for the exam. The fee for the application and test process is $250. When an applicant is granted the CRMP, the fee for a three-year designation is $450 if paid entirely upfront or $175 per year if paid in annual installments.

CRMP Recertification Handbook
Describes the process for getting re-certified after three years. Recertification, which requires annual continuing education, is again $450 for three additional years if paid in one payment or $175 per year if paid annually.

CRMP Code of Ethics
A copy of the Code of Ethics is included with the Application. It must be signed and included with the Application.

All CRMP applicants must meet the following requirements:

All loan officer applicants must have a minimum 2 years experience originating reverse mortgages and closed a minimum of 50 reverse mortgages.
All other applicants who are not loan officers must have a minimum 5 years experience working in reverse mortgages in one or more of the following areas: underwriting, processing, management and operations, title and closing services, appraisals, and/or loan servicing.
Within one year prior to taking the examination, applicants must complete 12 hours of continuing education from NRMLA or such other providers as approved by NRMLA in areas related to reverse mortgages and senior financial issues.
Possession of a current mortgage loan originator license in your jurisdiction, if a license is required.
Completion of a background check. Once an applicant has met all the requirements and has passed the exam, he or she will need to have a background check by our designated vendor. The current estimate for the standard background check package is $86 and will paid by the applicant directly to the vendor that provides the background checks for NRMLA.
Submission of a signed Consent Statement.

To obtain the necessary 12 hours of continuing education credits that are required to sit for the exam, you have two options: 1) attend NRMLA conferences (regional meetings and the Annual Meeting & Expo) or 2) submit for consideration outside classes that relate to reverse mortgages or senior finance issues. If you would like us to consider an outside course, please click HERE to review the information we will need and the submission process.

In the meantime, there are steps you can take to prepare yourself. The exam itself was developed by a diverse group of knowledge experts with varying backgrounds and years of service in the reverse mortgage business. The exam questions focus on counseling, origination, processing, underwriting, servicing, and other critical issues.

The source documents for the exam include the HECM statute, regulations, mortgagee letters, and various articles found on NRMLAOnline.org, all of which are presented below.

Section 255 of the National Housing Act (HECM enabling legislation)
24 CFR Part 206 (Code of Federal Regulations dealing with HECMs)
HUD Handbook 4235.1
HUD Handbook 4330.1, Chapter 13
FHA Mortgagee Letters
Reverse Mortgage Basics
What Originators Should Know about Reverse Mortgage Servicing
Appraisal Guidelines-Q&A
Replenishing a Line of Credit
Listed Name on Title
What You Need to Know About Manufactured Homes
Well Water Vs. Public Water
Taking the Fear Out of Trusts & Powers of Attorney
Sample Loan Package
Linkage Between Reverse Mortgages, Medicaid and SSI (Part 1)
A Comprehensive Guide to HECM Counseling
Reversing the Trend: The Recent Expansion of the Reverse Mortgage Market (Study published by the Federal Reserve Board, April 2009)

If you have any further questions about the CRMP, please contact Darryl Hicks, at 202-939-1784, or at dhicks@dworbell.com.