Certified Home Equity Conversion
 
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ICFE Provides Financial Education, Continuing Education Credits, CEUs, CEs, Free Credit Repair, Bankruptcy Education and Financial Planning for All Age Groups.    

Special Half-off Enrollment Special - Enroll Today for only $175

The National Reverse Mortgage Education Center (NRMEC) has reviewed
the CHECMS course and exam and has found it to meet NRMEC's high
professional standards. NRMEC recommends the CHECMS reverse mortgage
program for any professional who works with senior adults.

Special Half-off Enrollment Special - Enroll Today for only $175
Association For Financial Counseling and Planning Education (AFCPE.org) accepts this course for 5 CEUs.

Introduction

The United States Congress created reverse mortgages as part of  the Housing and Community Development Act of 1987.  It established the federal mortgage insurance program, which directed the department of Housing and Urban Development (HUD) to create Home Equity Conversion Mortgages (HECMs) also widely known as reverse mortgages.

Reverse mortgage education for the consumer and professional is now coming to the forefront as more and more baby boomers move into retirement and begin to use their home equity as part of their retirement income.  Even in its infancy, however,  fraud and financial abuse became a major problem.  HUD initiated various projects to educate senior homeowners about reverse mortgages.  Likewise, a program regulations and oversight came into being with regards to reverse mortgage lenders and their representatives. 

The ICFE's
Certified Home Equity Conversion Mortgage Specialist  (CHECMS) program is a comprehensive training and certification curriculum has been specifically developed to help professional counselors and interested others learn and understand the purpose of the HECM program and how it has expanded over the last ten years.  Participants will also learn the characteristics of HECMs and what it takes to be a HUD qualified lender. This new course takes the student through step-by-step process of originating a HECM and completing it to closing the loan and it even includes HUD servicing options. Enrollees will learn and develop the knowledge and skills needed to effectively comply with HUD related HECMs.

The CHECMS course is ideal for the financial services industry professionals who are dedicated to educating and assisting consumers, clients, customers, businesses, and the general public reverse mortgages.  ICFE trained and certified professionals are employed by a wide range of organizations including,  housing,  senior, consumer credit and debt counseling organizations, credit unions and other financial institutions,  cooperative extension system, all branches of the military,  mortgage, real estate, and financial services firms.  Many others are private practitioners including notary public, attorneys, security consultants, CPAs, CFPs, and consumer educators.

The growth of reverse mortgages has been explosive.  America's seniors are getting bombarded with ads on TV, offers in their mailboxes and telephone calls all aimed at enticing them to determine their qualifications for a reverse mortgage.  As the senior population continues to grow and there will be more professionals who will need to be trained and qualified to provide retirees and elderly homeowners with valuable guidance on whether or not a home equity conversion mortgage is right for their circumstances. 

Special Half-off Enrollment Special - Enroll Today for only $175


Get Started Now!
Who Is Enrolling in the ICFE's valuable
Certification Programs and earning CE's?
 

 CFP, CLU-ChFC, RFC, CPA, Notaries, Credit and Debt Counselors

 Bank, Credit Union & Student Lenders

 Military Personal Finance and Resdiness Counselors

 Employee Benefits Administrators

 Reverse Mortgage Lenders and Real Estate Agents

 In-house Collection and Recovery Counselors

 Faith Based Credit and Financial Counselors

 Bankruptcy and Financial Education Instructors

 First-time Home Buyer Advocates-Counselors

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Specialized Credit Report Reviewer and ID
Theft Risk Management Credentials from ICFE Set New Standard

Why Become a Reverse Mortgage CHECMS™ ?
Here's some of the reasons why people are getting ICFE certified:

 Becoming certified by the ICFE makes a difference to your clients, your company and yourself
and is a manifestation of your commitment to high standards of professionalism aimed at
your employer, your colleagues, your clients and the general public.

 Demonstrate your professional qualifications.

 Enhance your experience in the field and promote your professional value.

 Learn critical elements of the Housing and Community Development Act.

 Stay current with the HUD reverse mortgage program and other financial education trends.

 Fulfill continuing education (CE) and PACE requirements.
 The ICFE Certified Home Equity Conversion Mortgage Specialist is accepted by the International Association of Registered Financial Consultants and awards IARFC members 5 CEUs.

 The CFP Board accepts this program for 5 CEUs for CFPs.

 CHECMS has been approved by the International Association of Privacy Professionals - IAPP for up to 20 group B, professional development, credits.

 Association For Financial Counseling and Planning Education (AFCPE.org)accepts this course for 5 CEUs.
 Benefit: Earn a listing in the ICFE's online Directory of CHECMS®

The National Reverse Mortgage Education Center (NRMEC) has reviewed
the CHECMS course and exam and has found it to meet NRMEC's high
professional standards. NRMEC recommends the CHECMS reverse mortgage program for any professional who works with senior adults.
 

 

About reverse mortgages (source HUD.gov)

The HECM FHA insured reverse mortgage can be used by senior homeowners age 62 and older to convert the equity in their home into monthly streams of income and/or a line of credit to be repaid when they no longer occupy the home. The loan, commonly known as HECM, is funded by a lending institution such as a mortgage lender, bank, credit union or savings and loan association. To assist the homeowner in making an informed decision of whether this program meets their needs, they are required to receive consumer education and counseling.

HECM counselors will discuss program eligibility requirements, financial implications and alternatives to obtaining a HECM and provisions for the mortgage becoming due and payable. Upon the completion of HECM counseling, the homeowner should be able to make an independent, informed decision of whether this product will meet their needs.

Homeowners who meet the eligibility criteria can complete a reverse mortgage application by contacting a FHA-approved lending institution such as a bank, mortgage company, or savings and loan association.

 

Special Half-off Enrollment Special - Enroll Today for only $175

 

Become an ICFE Certified Home Equity Conversion Mortgage Specialist
Here is what's included in the ICFE
Reverse Mortgage CHECMS
enrollment package: 
 
 ICFE
CHECMS  Independent Study Guide - H&CD Act of 1987
ICFE
CHECMS  Independent Study Guide Table of Contents
(Click Here to View the Reverse Mortgage CHECMS Table of Content)
 

  ICFE CHECMS 100 Question Examination/Answer Sheet -
(85 questions - (85%) correct answers required)
  ICFE Certificate with ICFE Seal "Certified Home Equity Conversion Mortgage Specialist

 ICFE eNEWS and regular email updates

 

Regular Enrollment in ICFE CHECMS  Program                                              $350.00

LESS Special Half-off discount (available through November 30, 2011)                $175.00

SPECIAL Introductory Price         (plus $10 postage)                                      $175.00

Get Started Now!

 

Program Materials:

 

 

Study Guide

Study Exam

Certificate of Completion