VIP Exclusive
CRMP Certified Reverse Mortgage Professional VIP Exam
CRMP — The CRMP (Certified Reverse Mortgage Professional) designation is awarded by the National Reverse Mortgage Lenders Association (NRMLA); the proctored exam covers HECM program rules, financial assessment, counseling requirements, property eligibility, disbursement options, servicing, and consumer protections, and requires candidates to pass with a score of approximately 75% or higher.
29
Questions
120m
Time Limit
75.00%
To Pass
Question 1 of 29👑 VIP
A 68-year-old homeowner with a $320,000 appraised home approaches you about a HECM. She owes $85,000 on her current mortgage. Her spouse is 61 years old and is listed on the deed but will not be a borrower on the reverse mortgage. Which of the following statements is MOST accurate regarding this scenario under current HUD guidelines?
Questions 2–29 and full explanations are VIP-exclusive.