Public Course Delivery Method: Classroom Course
Duration of Course: 1 day

About this Course

As more baby boomers reach qualifying age, many public and private institutions are developing products to assist seniors with life changes, financial planning and more. As a result, reverse mortgages are growing in popularity. It is important to have a thorough understanding of these loan types in order to responsibly handle these loans with their unique demographic of qualified borrowers.

This timely new course from CampusMBA, the education division of the Mortgage Bankers Association (MBA), presents a comprehensive overview of the reverse mortgage industry and the loan products available. Students learn the process as they follow a reverse mortgage loan from the first contact with a prospective borrower all the way to closing. They also learn how loan calculations and payments are derived.

Special focus is given to the responsible selling of reverse mortgages, including understanding borrower needs, qualification requirements, dealing with borrower heirs and trusted advisors, and common myths that surround this type of loan.

Finally, students review key guidelines that cause origination and processing issues and discuss the purchase of reverse mortgages.

Learning Objectives

At the conclusion of this, students will be able to:

• Identify reverse mortgage products
• Understand borrower concerns, as well as common questions
• Identify what internal practices are needed to grow reverse mortgage business
• Understand how to market purchase reverse mortgage transactions

Who Should Attend

This course is designed for existing reverse mortgage lenders, originators and processors looking to expand their product knowledge. It is also ideal for companies considering entering the reverse mortgage field.

About CampusMBA Reverse Mortgage Central: Understanding Reverse Mortgages is part of CampusMBA Reverse Mortgage Central. Increase your reverse mortgage business with CampusMBA Reverse Mortgage Central. This collection of valuable educational resources from CampusMBA, the education division of the Mortgage Bankers Association (MBA), provides the most comprehensive set of solutions for getting you up to speed on successful and responsible lending of reverse mortgage loans. Visit Reverse Mortgage Central today.

Successful completion of this event will earn the participant 2 points toward MBA's Certified Mortgage Banker (CMB) Designation.