NRMLA Committees

NRMLA has a committee structure to respond more effectively to the growing number of issues being addressed by the association and to create more opportunities for members to become actively involved.

To learn more about any of the following committees, please contact Steve Irwin, NRMLA’s Executive Vice President, at

Education Committee

Co-Chairs – Jim Cory, Live Well Financial, Inc. & Dan Hultquist, Live Well Financial

The Education Committee helps bolster the educational foundation of reverse mortgage industry participants through curriculum development and exploring alternative delivery channels. 

Ethics Committee

Co-Chairs – Sarah Cavanaugh, Finance of America Reverse & Barry Scoles, Georgetown Mortgage, LLC

There is probably no more important time than now to make ethics the highest priority for the industry. Any practice that does not put the customer first is not only bad business, it is harmful to the rest of the industry participants who “do the right thing.” Our members have asked us to play a strong role in this regard. The committee enforces the Code of Ethics & Professional Responsibility by evaluating ethics complaints, imposing enforcement actions, and coordinating the issuance of advisory opinions.

Risk & Compliance Committee

Chair – Karim Hatata, Liberty Home Equity Solutions

Managing risk and understanding the evolving compliance landscape is top of mind for the management teams of our membership. The committee has tackled such issues as the implementation of New Hampshire House Bill 594, evaluating the compliance impacts of the recent HECM program changes (including loan docs and borrower disclosures), drafting and submitting comments on HUD’s proposed Quality Loan Practices, and discussing FTC guidance on identifying Red Flags and Identity Theft.

Independent Certification Committee (ICC)

Chair- Brett Kirkpatrick, Harbor Mortgage Solutions

The ICC is charged with the development and implementation of policies and procedures to assure the operation and administration of the Certified Reverse Mortgage Professional (CRMP) designation is executed in conformance with best certification practices. This committee provides oversight to the development and administration of a legally defensible, valid and reliable certification examination. It assures the item bank is sufficient and adequately maintained. The committee also provides oversight to the development of all program components including, but not limited to: eligibility criteria, re-certification requirements, ethics and disciplinary procedures.

The main objective before the ICC in 2015 is to re-evaluate the certification exam in light of the recent HECM program changes.

  • CRMP Eligibility Committee (Operates under the ICC)
    The Eligibility Committee evaluates outside course submissions and determines whether they should be awarded continuing education credits.
  • CRMP Ethics Committee (Operates under the ICC)
    The Ethics Committee is an ad hoc committee that will convene when professional designees violate the Code of Ethics and Professional Responsibility. This committee has not had to take action as of this date.
  • CRMP Exam Committee (Operates under the ICC)
    The Exam Committee is comprised of subject matter experts who are charged with evaluating the current CRMP exam and making appropriate changes.

HMBS Issuer Committee

Chairs – Mike McCully, New View Advisors, LLC & Darren Stumberger, Live Well Financial, Inc.

The HMBS Issuer Committee has been very active for the past couple of years. The committee has considered the “True Sale” issue and was instrumental in presenting the case to HUD, GNMA and the SEC. More recently, the committee has considered such issues as the 98% buy out requirements and the topic of platinum securities. The main objective for the committee in the coming year will be to engage in regular meetings with GNMA.

HUD Issues Committee

Chairs – Nick Buscaglia, M&T Bank; Elly Johnson, United Northern Mortgage Bankers Ltd

The HUD Issues Committee is a long-standing NRMLA committee that continues to dialogue with HUD on its most pressing issues. The committee has worked on such issues as HECM for Purchase Underwriting issues and proper usage of ADP codes. The past few months have seen this committee work very collaboratively on the Financial Assessment Application recommendations through its sub-group, the FA Working Group.

PR Committee

Chair – Jason McNamara, Celink & Sara Sefcovic, Finance of America Reverse

The PR Committee has recently reconvened and will be charged with implementing various extreme summit initiatives.

State & Local Issues Committee

Chairs – Scott Norman, Finance of America Reverse & George Lopez, James B.Nutter & Company

The State & Local Committee has been a fairly re-active committee engaging in legislation as it arises at the state level. Recent efforts include efforts in CA, MN, MA, MS, IL, TX, etc. The committee leadership is launching an initiative to engage members in more proactive outreach at the state level and will enable rapid response teams to engage at the state level, should the need arise.

Servicing Committee

Chairs – Ryan LaRose, Celink & Gail Balettie, Celink

The Servicing Committee is another long standing committee with an outstanding record of active engagement. The committee has spent most of the past year working on HERMIT implementation issues and due and payable issues. This committee’s presentation at the recent NRMLA conference was a stand-out session and the need for the committee to develop additional educational materials for the membership.