Why Would a Lender Want to be Designated a Certified Reverse Mortgage Professional (CRMP) by the National Reverse Mortgage Lenders Association (NRMLA)?

Mortgage lending is a highly competitive industry, and Certified Reverse Mortgage Professional (CRMP) certification is one way to stand out from the crowd. It instills confidence in borrowers by telling them that you are knowledgeable when it comes to the reverse mortgage industry. It also signals that you are committed to the highest ethical standards and put borrowers’ needs ahead of yours.1

Are There Ongoing Continuing Education (CE) Requirements Needed to Maintain CRMP Certification?

Because the reverse mortgage industry evolves continuously, maintaining CRMP status requires eight hours of approved continuing education (CE) credits annually. In addition, CRMPs must retake the ethics course and submit to a new background check every three years.1

How Much Does CRMP Certification Cost?

Candidates must pay a $250 nonrefundable application fee, $49.95 for the online background check, and a $195 certification fee after passing the exam. Once the CRMP designation has been awarded, the candidate must pay an annual $195 certification fee to maintain the CRMP. Additional costs may be incurred when traveling to NRMLA events to obtain CE credits.8

The Bottom Line

The Certified Reverse Mortgage Professional (CRMP) designation is for mortgage professionals who have demonstrated expertise and competency in the reverse mortgage lending industry. The CRMP is issued by the National Reverse Mortgage Lenders Association (NRMLA), representing the highest standards of ethical and professional behavior. Typically, a CRMP certification requires three years of reverse mortgage experience, passing a comprehensive exam, ethics training, and a background check.