CampusMBA, the award winning education division of the Mortgage Bankers Association (MBA), launched Reverse Mortgage Central, a complete training solution for the entire real estate finance industry as demand for reverse mortgages continues to grow. The new three part live online series and classroom based course are designed to provide professionals with insight into candidate qualifications and how reverse mortgages can be leveraged responsibly as part of a senior's overall retirement plan.

"As more baby boomers reach qualifying age we're seeing an array of public and private sector institutions develop products to assist them with life changes, especially when it comes to financial planning," said John Golden, MBA's senior vice president of education. "While we see increasing demand for reverse mortgages it's vitally important that industry professionals have a thorough understanding of the products in order to responsibly originate the loans while providing seniors with yet another option for their financial future."

In response, CampusMBA has launched a live online series focusing on reverse mortgage products. Industry professionals can register now for courses that begin this month. The courses, which are outlined below, provide participants with the necessary information to decide if the option is right for them.

Session #1: July 24, 2008
Describe how borrowers qualify for a reverse mortgage
Explain the key terms of a reverse mortgage
Understand how loan calculations are determined
Differentiate between disbursement options
Understand and explain the loan repayment process
Recognize when a reverse mortgage will benefit a borrower

Session #2: July 31, 2008
Differentiate between reverse mortgage products
Understand the borrower requirements
Understand the counseling requirements
Understand the counseling process
Understand common misconceptions about reverse mortgages
Recognize how a reverse mortgage can impact government benefits

Session #3: August 7, 2008
Understand the loan origination process
Understand key time lines for processing
Explain the good faith estimate
Understand compensation for a reverse mortgage
Explain reverse mortgage specific forms and disclosures
Recognize potential processing issues
Identify frequently asked questions at closing

In addition to hosting live online workshops, CampusMBA is hosting its first instructor-led, classroom based course, entitled "Understanding Reverse Mortgages" on August 12 in Washington, D.C. Alice Alvey, a master certified mortgage banker, will serve as the lead course instructor.