NRMLA CRMP study guide
NRMLA CRMP · Work through your exam, one topic at a time.
The Certified Reverse Mortgage Professional (CRMP) is a designation created by the National Reverse Mortgage Lenders Association (NRMLA), a trade association whose stated goal is to tell consumers with confidence that they can depend on an NRMLA member. NRMLA describes the CRMP as a credential that distinguishes individuals as among the most knowledgeable, most competent, and most ethical and professional in the field. The NRMLA CRMP study guide has 4 sections and about 1,520 words.
01Reverse Mortgage Regulations and Program Details
This domain tests whether you can place a HECM inside its legal stack: which authority sets each rule, which body enforces it, and what the borrower must be told. Questions here are often about the source of a requirement rather than the requirement itself.
364 words, about 2 min02HECM Program Requirements and Product Features
This domain tests the mechanics and the arithmetic: who qualifies, how much money is available, how it can be paid out, what it costs, and when the loan comes due. All borrowers must be 62 or older at closing and must occupy the home as their principal residence, with at least one borrower on title.
430 words, about 2 min03Origination, Underwriting, and Servicing Practices
This domain follows the loan from counseling through claim: what must happen before application, how the lender judges whether the borrower can keep the home, and what servicing requires afterward. Independent counseling by a HUD-approved agency must occur before the borrower signs the application, and a signed certificate must be in the file.
363 words, about 2 min04Ethics, Consumer Protection, and Professional Responsibility
This domain tests judgment rather than arithmetic: whether you put the borrower's interest ahead of the sale, describe the product honestly, and protect older and vulnerable clients. Reverse mortgage proceeds are often a borrower's largest financial asset.
363 words, about 2 min