ICFE eNEWS #09-15 - July 23rd 2009
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ICFE Updates Home Certified Equity Mortgage Conversion Specialist
Course CHECMS' is Recommended by the NRMEC and Accepted for 5 CEUs

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 yanross@avalonstrategies.com
Lyn R. Link, NRMEC: 800-628-3071 or lyn@NRMEC.org

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.

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