Direct Finance Corp., Hanover, Mass., has achieved the designation of Certified Reverse Mortgage Professional (CRMP) from the National Reverse Mortgage Lenders Association (NRMLA). Valles is one of only ten loan officers in the U.S. to have earned the CRMP designation.
Valles, along with the nine other CRMP designees, will be honored at a ceremony at NRMLA's annual meeting that will take place November 3-5 at the Roosevelt Hotel in New Orleans.
The Washington, DC-based National Reverse Mortgage Lenders Association (NRMLA) was established in 1997 to enhance the professionalism of the reverse mortgage business. NRMLA educates consumers about the pros and cons of reverse mortgages, trains lenders to be sensitive to clients' needs, and enforces a Code of Conduct and Best Practices among reverse mortgage brokers and lenders.
To attain the CRMP designation, Valles was required to have a minimum of two-years of experience in the reverse mortgage business and close at least 50 loans; take 12 hours of continuing education courses as well as NRMLA's three-hour Ethics Course; pass a background check; and sit through a three-hour exam. The certification is valid for three years, during which time designees must sit for an additional 12 hours of continuing education per year to be re-certified.
Alain Valles founded Direct Finance Corp. in 1997 with the mission of improving the quality of life through responsible financing. He is a past president of the Massachusetts Mortgage Association. Valles received a Masters in Real Estate from the Massachusetts Institute of Technology, an MBA from the Wharton School at the University of Pennsylvania, and a BBA, summa cum laude, from the University of Massachusetts. He is a resident of Hanover, Mass.