Join us on June 25, 2013 at our offices in Bay Shore for the following educational sessions:
Understanding a Title Report (1 credit) 10AM – 11AM
Power of Attorney and Life Estate Basics for the Reverse Mortgage Transaction (1 credit) 11AM – 12PM
Trust Basics for the Reverse Mortgage Transaction (1 credit) 12PM – 1PM
Please RSVP if you plan to attend.
Tradition Title Agency, Inc.
67 East Main Street
Bay Shore, NY 11706
631-328-4410 – phone
631-328-4413 – fax
DE Underwriter Sees Benefit in Getting CRMP
Nancy Everitt, a D/E Underwriter for the past 25 years, is among a small, but growing cadre of industry professionals who have been awarded the Certified Reverse Mortgage Professional designation, despite never having originated a single reverse mortgage.
While the CRMP was designed especially for loan originators, NRMLA has always encouraged other personnel – underwriters, processors, title and closing agents, appraisers and loan servicers – to seek the CRMP. Attaining it demonstrates a strong level of personal commitment, education and ethical behavior, no matter what role you play in the reverse mortgage process.
In the summer of 2010, Karen Keating, President of Tradition Title in Bay Shore, NY, became the first non-originator to be awarded the CRMP and since Everitt received the designation in October 2011, a second D/E Underwriter has submitted her application and is expected to take the exam shortly.
“I have always been a firm believer in education,” says Everitt. “I read as much as I can and listen to as many webinars as I have time for, whether they are hosted by NRMLA, FHA or my own company.”
Everitt has spent much of her career on the “forward” side of the mortgage business, but in 2003, she and late husband Mark opened The Escrow Factory, Inc., one of the first independent escrow companies to do reverse mortgages in Southern California. She later joined Reverse Mortgage Solutions in 2008 as a HECM D/E underwriter, but recently she accepted a new position as Partner Services Director.
“Although I still underwrite, I primarily work with brokers,” she says. “When they see the CRMP next to my name, they ask me what that is and when I tell them, they say ‘wow, you must know a lot about reverse mortgages,’ which makes me look good as well as my company.”
To learn more about the CRMP designation, please click HERE.
If you passed the NMLS exam within the past 12 months, you are eligible to receive three (3) credits, specifically for that portion of the exam dealing with federal real estate laws and regulations. To get the credits, please email a copy of the course syllabus and exam completion certificate to Darryl Hicks, at dhicks@dworbell.com.
In addition to these credits, you may submit for review any other NMLS courses that you take as part of your annual license renewal. NRMLA will accept up to six (6) credits annually for courses unrelated to reverse mortgages. These may include courses offered through NMLS, as well as others related to senior finance, retirement, long-term care and healthcare.
AND DON’T FORGET THE UPCOMING CRMP CREDITS OFFERED BY TRADITION TITLE AGENCY! Details to follow soon!
Tradition Title Agency has been certified by NRMLA (the National Reverse Mortgage Lenders Association) to offer a credit course for CRMP candidates in June 2011. Approved courses will be on the following as they pertain to the reverse Mortgage transaction:
Power of Attorney and Life Estate
Trusts
Understanding a Title Report
DATES AND TIMES WILL BE ANNOUNCED, OR CALL Karen Keating at 631-328-4410 for further information.
Title Tracks: News From The World Of Title Insurance 