What is the National Reverse Mortgage Lenders Association (NRMLA)?

As a senior homeowner considering a home equity loan, you know that having a lender that you can trust is important.  To find a trustworthy company within any industry, you should expect an alliance of experts that ensures the ethics and professionalism of that trade.  Fortunately, the reverse mortgage industry is no different.  To uphold this expectation of the rightfully cautious consumer is the well-respected establishment called the National Reverse Mortgage Lenders Association, also known as NRMLA.

A Brief History

The reverse mortgage industry has been growing ever since the inception of the reverse mortgage loan in the early 1960’s.  By the 1990’s, the industry sought to establish a trade association that would serve as their advocate.  Housing industry paralegal Peter Bell, who had already attained more than 20 years of experience working with the U.S. Department of Housing and Urban Development (HUD), was brought in to organize this association.  As a representative of products that are sold to a protected class in America, Bell understood that they needed to have a code of conduct that all members would adhere to.  Together with other industry participants, he launched the National Reverse Mortgage Lenders Association in Washington in 1997.  Members included reverse mortgage lenders and other reverse mortgage companies in the industry.  Today, NRMLA has grown to over 300 members from its small beginnings of only 17.

What is NRMLA?

NRMLA is the organization that serves as the voice and the conscience of the reverse mortgage industry’s lenders.  Their mission is to enhance the professionalism of the reverse mortgage business by advising policy makers on reverse mortgage issues, enforcing their Code of Ethics and Professional Responsibility, training lenders to be sensitive to the needs of clients, and educating consumers about the pros and cons of reverse mortgages.  For its members, NRMLA provides marketing outreach and lobbying efforts, compiles and publishes data on reverse mortgage sales, and hosts industry conferences.

The Importance of NRMLA and Its Standards

One of the most important goals of NRMLA is to be a reliable ally of the senior consumer.  In order to achieve this, one objective is to show senior homeowners factual information about the loan and connect them with trusted lenders by way of their consumer website, ReverseMortgage.org.

Another objective is to work closely with the lenders who are members, as well as with HUD, Congress, state legislatures, and regulatory agencies to assess the reverse mortgage process and then refine it. The ultimate goal for the agencies involved is to ensure that all actions and decisions aim to assist the senior clients they serve.

Within the association, NRMLA members are expected to commit to keeping the highest ethical standards, and to place the borrower’s best interest as a top priority.  By enforcing these standards, NRMLA has created an environment where lenders can prove their credibility, and that they are worthy of a client’s confidence.


Getting a reverse mortgage loan is a big decision, and once you’ve realized that it may be the right solution for you, the next step is to choose the right lender.  As the leading reverse mortgage lender in the nation, American Advisors Group (AAG) is proud to be an active member of the National Reverse Mortgage Lenders Association.  This means that AAG aligns itself with the same high standards expected by the association, honoring its responsibility to present senior homeowners with accurate reverse mortgage information and a secure borrowing experience.

Call American Advisors Group at 1-888-998-3147 to speak with a reverse mortgage professional about how this loan can help supplement your retirement income.  You just may find out first-hand how AAG upholds NRMLA’s premium standards, and how you truly can “borrow with confidence” with a reverse mortgage loan.


“About NRMLA.” NRMLA.org.  NRMLA National Reverse Mortgage Lenders Association.  ND.  Web.  15 October 2015.  https://www.nrmlaonline.org/about

“About NRMLA.”  ReverseMortgage.org.  NRMLA.  ND.  Web.  15 October 2015.  http://www.reversemortgage.org/TheNRMLAAdvantage/AboutNRMLA.aspx

Bell, Marty.  “Spotlight: Inside NRMLA.”  ReverseReview.com.  The Reverse Review.  2012 June.  Web.  15 October 2015.  http://www.reversereview.com/magazine/4696-spotlight-inside-nrmla.html

“National Reverse Mortgage Lenders Association.”  Wikipedia.org.  Wikipedia The Free Encyclopedia.  11 June 2015.  Web.  15 October 2015.  https://en.wikipedia.org/wiki/National_Reverse_Mortgage_Lenders_Association.

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