VIP Mortgage proudly announced that Mary Nelson, Reverse Mortgage Operations Manager, joined an elite cadre of mortgage professionals who have achieved the status of being a Certified Reverse Mortgage Professional (CRMP). Nelson earned the designation after she 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. She joins only 148 individuals nationwide who currently have the CRMP designation,, and one of ten in Arizona, which includes her husband Tim..
“Being one of 148 people nationwide to have achieved this milestone is a testament to my commitment to reverse mortgages,” says Nelson. “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 eight 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.
“VIP couldn’t be prouder of Mary and her achievement,” said Jay Barbour, President and Founder of VIP. “She has demonstrated knowledge and competency in the area of reverse mortgage lending and we are honored to call her part of the VIP family!”
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.
Mary started her career in reverse mortgages four years ago when her husband, Tim, persuaded her to join the business as his reverse loan processor. Since then, the business has grown to include eight loan officers, six designated reverse operations staff, and licensing in multiple states. She believes in the reverse mortgage product and enjoys “making a difference” in the lives of their borrowers.
About V.I.P. Mortgage – Founded in 2006 amidst the collapse of the housing industry, VIP Mortgage is dedicated to restoring the reputation of the mortgage industry by putting their customers at the center of their business. As a full-service, direct lender headquartered in Scottsdale, AZ, the Company has grown to more than 400 employees in 25 branches, and is licensed in 16 states including – AZ, CA, CO, FL, HI, IL, IN, MI, MN, NE, NM, OR, TX, UT, WA, and WI. © V.I.P. Mortgage, Inc. Nationwide Mortgage Licensing System (NMLS) Company ID# 145502. Refer to www.nmlsconsumer.org to see where the Company is a licensed lender.
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