Franklin Funding Vice President is Only Certified Reverse Mortgage Professional in South Carolina

David Heilman, vice president of Franklin Funding Reverse Mortgages, was recertified as a Certified Reverse Mortgage Professional. He is the only professional in the state of South Carolina with this credential. Heilman joins an elite group of mortgage professionals who have earned this designation from the National Reverse Mortgage Lenders Association.

Heilman was first certified as a Certified Reverse Mortgage Professional in 2012. The process includes a rigorous exam demonstrating a competency in the area of reverse mortgages as well as a background check. Only 87 individuals nationwide currently have the CRMP credential. Heilman also signed a code of ethics, marking his commitment to uphold the highest ethical and professional standards. 

“Being one of less than 100 people nationwide to have achieved this milestone is a testament to my commitment to reverse mortgages,” Heilman said. “It also demonstrates the dedication Franklin Funding has to the clients we serve. And with more than 10,000 people turning 65 each day, there is no doubt the use of home equity will be needed more than ever as older adults try to maintain their lifestyle, continue funding retirement or pay for healthcare.”

To qualify for the designation, applicants must have originated reverse mortgages for two or more years and personally closed at least 50 loans; earned 12 continuing education credits; completed NRMLA’s Ethics Course; passed a comprehensive exam; and a background check. The certification is valid for three years, during which time designees must earn 12 CE credits annually to be re-certified.

Franklin Funding Reverse Mortgages, A Division of Success Mortgage Partners is a licensed FHA mortgage banking firm specializing in reverse mortgages for homeowners in South Carolina, North Carolina and Georgia. Franklin Funding has been helping individuals, families and trusted advisors with reverse mortgages since 1999.

A reverse mortgage is a FHA-insured loan that enables homeowners (62+) to convert a portion of the equity in their home into cash without having to sell the home, give up title/ownership, or take on a new monthly mortgage payment. The loan balance grows as they use the funds and interest accumulates over time with a one-time repayment when that home is no longer the primary residence.