Saint Augustine, FL—George Vrban, a reverse mortgage specialist with PS Financial Services, has joined an elite cadre of mortgage professionals who have achieved the status of being a Certified Reverse Mortgage Professional (CRMP). National Reverse Mortgage Lenders Association (NRMLA), headquartered in Washington, D.C., bestowed the certification on Vrban after he passed a rigorous exam and background check, thereby demonstrating a competency in the area of reverse mortgages and a dedication to uphold the highest ethical and professional standards.
Only 115 individuals nationwide currently have the CRMP credential.
“Being one of 115 people nationwide to have achieved this milestone is a testament to my commitment to reverse mortgages,” says Vrban. “The process involved to receive this professional designation was long and arduous and adds to the level of expertise maintained by myself and the firm.”
To qualify for the designation, applicants must have originated reverse mortgages for a minimum of three years or personally closed at least 50 loans; earned 12 continuing education credits; completed NRMLA’s Ethics Course; passed a comprehensive exam; and a background check. The certification is valid for three years, during which time designees must earn 8 CE credits annually to be re-certified. Applicants who are not loan originators, but nonetheless work in areas vital to the business, such as training, counseling, processing, underwriting and servicing, must have three or more years of experience.
“George is one of 115 individuals with the Certified Reverse Mortgage Professional designation. As a CRMP, he has demonstrated knowledge and competency in the area of reverse mortgage lending, and is dedicated to upholding high standards of ethical and professional practice in the industry.” said Peter Bell, President and CEO of the National Reverse Mortgage Lenders Association.
Reverse mortgages are available to homeowners 62 years old and older with significant home equity. They are designed to enable older Americans to borrow against the equity in their homes to help fund retirement needs, without having to make monthly payments as is required with a traditional “forward” mortgage or home equity loan. Under a reverse mortgage, funds are advanced to the borrower and interest accrues, but the outstanding balance is not due until the last borrower leaves the home, sells, or passes away. Borrowers may draw down funds as a lump sum at loan origination, establish a line of credit or request fixed monthly payments for as long as they continue to live in the home. To date, more than 963,000 senior households have utilized an FHA-insured reverse mortgage.
About George Vrban
Vrban became licensed in the insurance industry in 1992 and in the mortgage industry in 2003. With over 20 years of experience he is confident that he has the ability to help customers make educated and informed decisions regarding their financial future. He helped his first Reverse Mortgage (aka Home Equity Conversion Mortgage) client in 2007. After that, he knew that helping seniors meet their financial goals was exactly what he wanted to do.
Working with one of the top reverse mortgage lenders in the country these past 4 years has given him the opportunity to work with and help active adults over 62 from all over the country. He has led a team of licensed reverse mortgage advisors who have been tops in the industry in production, while helping seniors achieve their financial freedom.
Vrban is heavily involved in fundraising events that assist children in achieving their goals through school sports. Born in Ohio, he moved to Orlando in 1976, and currently resides in St. Augustine, Florida with his wife Michele.
Graduated from the University of Central Florida with a Finance degree. Mr. Vrban now enjoys his oldest son, Kyle, being at his alma mater as a junior pursuing his marketing degree. When he is not playing golf or soccer, he is spending time coaching his son Zachary in soccer who is a senior in high school at St. Joseph Academy in St. Augustine Florida.
About the National Reverse Mortgage Lenders Association:
The National Reverse Mortgage Lenders Association (NRMLA) is a membership organization comprised of over 300 companies and more than 2,000 people participating in the reverse mortgage industry. NRMLA serves as an educational resource, policy advocate and public affairs center for lenders and related professionals. NRMLA was established in 1997 to enhance the professionalism of the reverse mortgage business.
Name: Phil Stevenson
Organization: PS Financial Services
Source URL: http://www.prreach.com/pr/22547
Release ID: 105291