"The CREV program covers a comprehensive list of reverse mortgage topics, including product structures, eligibility requirements, borrower counseling, risk management and ethnical best practices. Participants will learn about underlying requirements for Home Equity Conversion Mortgages (HECMs) like age limits and ongoing property maintenance; how loan amounts are determined; calculation of maximum proceeds; how credit reports impact the loan decision and sales tips for working with senior borrowers."
"Their commitment to education and excellence in reverse mortgage lending aligns with our mission to advance the professionalism and competence of mortgage brokers across the country. We are proud to support NAMB's CREV certification, said Mark O'Neil, senior vice president of wholesale for Mutual of Omaha Reverse Mortgage."
"Mutual of Omaha Mortgage was the No. 1 originator of HECMs in 2025, a year in which industrywide volume was flat compared to 2024. The company endorsed 5,740 HECMs last year, down from 6,149 a year earlier. It also was a leading secondary market participant, finishing third in issuance of HECM Mortgage-Backed Securities (HMBS) with $1.16 billion in volume and 19% market share."
The CREV program provides comprehensive training on reverse mortgage topics including product structures, eligibility requirements, borrower counseling, risk management, and ethical best practices. Course content covers HECM-specific requirements such as age limits and property maintenance, loan amount determination, maximum proceeds calculation, credit report impacts, and sales strategies for senior borrowers. Mutual of Omaha Reverse Mortgage Wholesale is the exclusive sponsor and is funding curriculum development and expansion. Mutual of Omaha emphasizes its commitment to education and professional standards for mortgage brokers. Mutual of Omaha Mortgage led HECM originations in 2025 and maintained significant secondary-market participation while expanding its reverse mortgage team.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]