Green Real Estate Education has developed certification programs given to over 5,000 in the various real estate professions nationwide. Their certification for mortgage professionals is the GCPP-GL, the Green Certified Mortgage Professional Level One Green Leadership. The company is the first company in the United Sates to offer green education in the different professions involved in a real estate transaction. They have educated over 5,000. The company announces they will present a breakout session for members of the IAMP, the Illinois Association of Mortgage Professionals on the advantages of green mortgages.

Energy efficient mortgages ( known as EEM’s ) were first presented by Fannie Mae in the late 1970’s. Robert Mitchell, Executive Director of Green Real Estate Education says, “We hope to be invited to every Mortgage Professionals Association event in 2010. This information could help cause market transformation. With the mortgage meltdown and people losing homes, the timing couldn’t be better for these professionals to acquire new products to discuss with clients.”

EEM’s and EIM’S ( Energy Improvement Mortgages ) offer a different avenue for a view of traditional mortgages. Mitchell says, “ Loans have different nuances.  With these products, you are allowed a higher debt to income ratio because you are saving money on your utility bills.” Mitchell says this would not be allowed if the upgrades and energy products installed were not producing a lower utility bill. “The purpose of our educational programs and to keep the pricing under $100 is for them to be able to afford this certification program and to gain valuable education. We teach professionals to understand their part when they sit down with consumers everyday who want to build green or re-finance. This information needs to be provided to every mortgage professional”

Mitchell feels it is imperative that those in the real estate and mortgage industries become familiar with green products and green financing to help clients take advantage of the many tax incentives that are available to consumers. He says there is a true value of energy mortgage products for the industry in light of the current economic crisis most are experiencing.  The importance of this training will become abundantly clear when they begin to see their clients responses to these financial products that are helping them to achieve healthier air quality and lower operating costs and utility bills.

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