CampusMBA launches Reverse Mortgage Central MortgagePress.comCampusMBA, Reverse Mortgage Central, reverse mortgage, HECM, online
CampusMBA, the award-winning education division of the Mortgage
Bankers Association (MBA), has launched Reverse Mortgage Central, a
complete training solution for the entire real estate finance
industry as demand for reverse mortgages continues to grow. The new
three part live online series and classroom based course are
designed to provide professionals with insight into candidate
qualifications and how reverse mortgages can be leveraged
responsibly as part of a senior's overall retirement plan.
"As more baby boomers reach qualifying age we're seeing an array
of public and private sector institutions develop products to
assist them with life changes, especially when it comes to
financial planning," said John Golden, MBA's senior vice president
of education. "While we see increasing demand for reverse mortgages
it's vitally important that industry professionals have a thorough
understanding of the products in order to responsibly originate the
loans while providing seniors with yet another option for their
financial future."
In response, CampusMBA has launched a live online series
focusing on reverse mortgage products. Industry professionals can
register now for courses that begin this month. Each course,
outlined below, provides participants with the necessary tools
to:
Session #1: Thursday, July 24, 2008 Describe
how borrowers qualify for a reverse mortgage
Explain the key terms of a reverse mortgage
Understand how loan calculations are determined
Differentiate between disbursement options
Understand and explain the loan repayment process
Recognize when a reverse mortgage will benefit a borrower
Session #2: Thursday, July 31, 2008
Differentiate between reverse mortgage products
Understand the borrower requirements
Understand the counseling requirements
Understand the counseling process
Understand common misconceptions about reverse mortgage
Recognize how a reverse mortgage can impact government benefits
Session #3: Thursday, August 7, 2008
Understand the loan origination process
Understand key time lines for processing
Explain the good faith estimate
Understand compensation for a reverse mortgage
Explain reverse mortgage specific forms and disclosures
Recognize potential processing issues
Identify frequently asked questions at closing
In addition to hosting live online workshops, CampusMBA is
hosting its first instructor-led, classroom based course, entitled
"Understanding Reverse Mortgages" on August 12 in Washington, D.C.
Alice Alvey, Master Certified Mortgage Banker (CMB), will serve as
the lead course instructor.
For more information, visit www.campusmba.org/reversemortgagecentral.htm.
