San Diego, CA. The Certified Home Equity Conversion
Mortgage Specialist' (CHECMS') course has been updated by the
ICFE. It is a training and certification curriculum specifically
developed to help professionals learn and understand the nature
of the home equity mortgage conversion law and practice, and all
the substantive characteristics of reverse mortgages from the
nonprofit Institute of Consumer Financial Education (ICFE).
Of special notice has been the recommendation of the CHECMS'
certification program by the prestigious
National Reverse Mortgage Education Center. NRMEC is one of
the most integrated web sites for consumers and professionals
who want to know more about reverse mortgages.
A reverse mortgage for seniors can mean the difference
between enjoying the golden years and living with daily anxiety.
It's important for senior homeowners and their families to
receive qualified professional advice on the use of this
financial tool, since it is not appropriate for everyone.
The CHECMS' course materials include a 100 question
examination and a minimum score of 80 percent is needed for
certification. Participants who successfully complete the course
will be prepared to work with seniors and their families in
determining the best means of utilizing the HECM program. It is
notable the educational value of the ICFE's CHECMS course has
been accepted by several prestigious governing bodies for
continuing education credits for their members. In addition to
the substantive education, many will receive 15 credit-hours
toward their CE requirements.
Participants learn about the law that created reverse
mortgages and what it takes to be a HUD qualified lender. The
ICFE course takes the student through the step-by-step process
of originating a HECM and completing it to closing the loan.
Plus it includes HUD servicing options and enrollees will learn
and develop the knowledge and skills needed to effectively
comply with all the HUD regulatory procedures. Beyond the
immediate usefulness of the course content, holders of ICFE
certification are better able to market their services and
integrate them with other professional capabilities. Everyone in
the process, including senior homeowners, their families, and
professionals will benefit.
For more information contact:
Yan Ross, JD, Author: 602-703-3336 or
Lyn R. Link, NRMEC: 800-628-3071 or
About the ICFE:
The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation). The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely.
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.
The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (studentdebthelp.org). CASDRAP disbanded in 2010, shortly after the web site project was completed. In 2011 the ICFE assumed the single sponsorship of the (studentdebthelp.org) web site and is now responsible for its content and operation.
The ICFE is also an on-line help for consumers who spend too much. ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.
Visit the ICFE's other web sites at: www.financial-education-icfe.org and studentdebthelp.org. Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G, a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.