Gaining traction in the last few months, Reverse Basics is becoming recognized as an effective learning resource within the reverse mortgage industry.
A product of Reverse Focus, Reverse Basics was recently approved by the National Reverse Mortgage Lenders Association (NRMLA) for two Certified Reverse Mortgage Professional (CRMP) continuing education credits.
Reverse Basics was developed in part by Wendover Consulting’s Ken Kanady, the former learning and development manager for reverse mortgage training at Wells Fargo.
“Today’s reverse mortgage professional needs a focused and disciplined learning tool to improve their own knowledge of the reverse mortgage programs, laws, disclosures and an ongoing resources for this ever changing product,” says Jeffrey Taylor, CEO and founder of Wendover Consulting.
The program provides subscription-based access to companies and individuals through an online course, which consists of a series of slides with quizzes and checkpoints learners must pass in order to complete the course. Covering roughly three hours of content, students receive a certification upon completion.
Because it updates on a monthly basis, says Shannon Hicks, vice president of product development at Reverse Focus, Reverse Basics allows both individuals and lenders to track their progress and document training content for internal and regulatory compliance.
“Loan originators, loan servicing and compliance personnel can now benefit from this evolving learning tool as their corporate education program for use in compliance with local, state and federal audits and or examinations,” says Taylor.
To date, several top ten reverse mortgage lenders have registered their staffs and sales forces under the program, notes Reverse Focus.
Written by Jason Oliva
