Certified Reverse Mortgage Professional Award

1400 16th Street, NW
Suite 420
Washington, DC 20036
Tel: 202.939.1760
Fax: 202.265.4435

September 2, 2015

Local Businessman Awarded Special Reverse Mortgage Designation

Gold River, CA-Douglas Bertsch, Reverse Mortgage Specialist at American Pacific Reverse Mortgage Group, has joined an elite cadre of mortgage professionals who have achieved the status of being a Certified Reverse Mortgage Professional (CRMP). National Reverse Mortgage Lenders Association (NRMLA), headquartered in Washington, D.C., bestowed the certification on Bertsch after he passed a rigorous exam and background check, thereby demonstrating a competency in the area of reverse mortgages and a dedication to uphold the highest ethical and professional standards.

Only 110 individuals nationwide currently have the CRMP credential.

"Being one of 110 people nationwide to have achieved this milestone is a testament to my commitment to reverse mortgages," says Bertsch. "The process involved to receive this professional designation was long and arduous and adds to the level of expertise maintained by myself and the firm."

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. Applicants who are not loan originators, but nonetheless work in areas vital to the business, such as training, counseling, processing, underwriting and servicing, must have five or more years of experience.

"Doug is one of 110 individuals with the Certified Reverse Mortgage Professional designation. As a CRMP, he has demonstrated knowledge and competency in the area of reverse mortgage lending, and is dedicated to upholding high standards of ethical and professional practice in the industry." said Peter Bell, President and CEO of the National Reverse Mortgage Lenders Association.

Reverse mortgages are available to homeowners 62 years old and older with significant home equity. They are designed to enable older Americans to borrow against the equity in their homes to help fund retirement needs, without having to make monthly payments as is required with a traditional "forward" mortgage or home equity loan. Under a reverse mortgage, funds are advanced to the borrower and interest accrues, but the outstanding balance is not due until the last borrower leaves the home, sells, or passes away. Borrowers may draw down funds as a lump sum at loan origination, establish a line of credit or request fixed monthly payments for as long as they continue to live in the home. To date, more than 900,000 senior households have utilized an FHA-insured reverse mortgage.

About Doug Bertsch
Doug Bertsch has lived in Sacramento for over 50 years. He has been originating mortgages in the greater Sacramento area for over 35 years and has concentrated on helping improve the lives of local seniors through Reverse Mortgages for the last 15 years. If you, a friend, or family member have questions about a Reverse Mortgage, Doug Bertsch can provide the answers.

Contact Information for Doug Bertsch
Direct: 916-768-9369
Email: Doug.Bertsch@apmortgage.com
Office: (By Appointment Only) American Pacific Reverse Mortgage
3000 Lava Ridge Ct., Suite 103
Roseville, CA 95661

About the National Reverse Mortgage Lenders Association:
The National Reverse Mortgage Lenders Association (NRMLA) is a membership organization comprised of over 300 companies and more than 2,000 people participating in the reverse mortgage industry. NRMLA serves as an educational resource, policy advocate and public affairs center for lenders and related professionals. NRMLA was established in 1997 to enhance the professionalism of the reverse mortgage business.

For information contact:
Darryl Hicks, Vice President, Communications
202-939-1784; dhicks@dworbell.com