Mutual of Omaha to sponsor reverse mortgage broker certification program
The
National
Association
of
Mortgage
Brokers
(NAMB)
announced
Tuesday
that
leading
reverse
lender
Mutual
of
Omaha
Mortgage
is
partnering
with
the
trade
group
as
the
exclusive
sponsor
for
a
reverse
mortgage
specialist
certification
program.
According
to
a
press
release
from
the
companies,
the
sponsorship
is
a
“significant
milestone
in
NAMB’s
ongoing
commitment
to
providing
high-quality
education
and
professional
development
opportunities
to
mortgage
brokers
seeking
deeper
expertise
in
reverse
mortgage
lending.”
NAMB’s
Certified
Reverse
Mortgage
Specialist
(CREV)
certification
aims
to
give
mortgage
professionals
advanced
knowledge
and
skills
to
better
serve
a
growing
demographic
of
senior
homeowners.
Baby
boomers
and
Gen
X
are
increasingly
exploring
the
use
of
home
equity
through
reverse
mortgages
and
other
products.
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.
As
the
exclusive
sponsors
of
the
CREV
program,
Mutual
of
Omaha
Reverse
Mortgage
Wholesale
is
supporting
further
development
and
expansion
of
course
curriculum.
Mutual
of
Omaha
said
it
seeks
to
“reinforce
its
commitment
to
excellence
and
education
within
the
mortgage
broker
community.”
“We
are
excited
to
partner
with
Mutual
of
Omaha
Reverse
Mortgage
Wholesale
to
elevate
the
Certified
Reverse
Mortgage
Specialist
program,”
NAMB
President
Kimber
White
said
in
a
statement.
“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.
“By
investing
in
the
education
and
certification
of
mortgage
professionals,
we
are
helping
ensure
more
consumers
receive
informed
and
ethical
guidance
when
considering
reverse
mortgage
options.”
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.
Last
week,
the
company
announced
key
hire
as
it
added
Tommy
Noyes,
formerly
of
Liberty
Reverse
Mortgage,
as
a
national
reverse
wholesale
account
executive.
Liberty’s
assets
are
being
sold
in
the
near
future
to
Finance
of
America,
a
deal
that
was
reported
in
November.
