NRMLA hosts ethics classes to boost lender educationMortgagePress.comNRMLA, reverse mortgages, ethics, seniors, Peter Bell, James Brodsky, Certified Reverse Mortgage Professional designation
As part of its ongoing effort to reassure America's seniors
applying for reverse mortgages that members of the National Reverse
Mortgage Lenders Association can be trusted and depended upon,
NRMLA held the first in a series of interactive workshops to teach
lenders how to implement the association's Code of Ethics and
Professional Responsibility into their everyday business
routines.
"NRMLA's mission has always been to protect the rights of
seniors; making sure that senior homeowners fully understand the
details of any reverse mortgage they're considering and that they
are treated with dignity and respect from start to finish," said
NRMLA President Peter Bell. "Because our industry is growing, we
want to be proactive in making sure members fully understand the
practical aspects of our Code of Ethics and how it applies to their
daily business activities."
During the three-hour workshop, Bell and legal counsel James
Brodsky, of the law firm Weiner, Brodsky, Sidman, Kider, PC,
Washington, D.C., instructed members on the finer points of the
Code of Ethics and then organized role-playing sessions that
simulated discussions between lenders and clients focusing on what
is acceptable behavior and what is not.
Participation in the workshop is a requirement for all
candidates seeking NRMLA's new Certified Reverse Mortgage
Professional designation (CRMP), which will be launched this
summer. The ethics workshop will be offered at all future NRMLA
conferences. The inaugural workshop took place after NRMLA hosted
the first in a series of regional conferences in Boston on March
18-19. The association next regional events are scheduled in
Chicago (April 22-23) and Orlando (May 6-7).
Other important topics discussed at the Boston conference,
included updates on the new HECM for Purchase program,
cross-selling restrictions being imposed by the Department of
Housing and Urban Development, the growing role of Ginnie Mae in
the secondary market for reverse mortgages, and updates from state
regulators.
For more information, visit www.reversemortgage.org.
