Tag Archives: Constellation Mortgage Solutions

Mortgage Coach and ReverseVision team up to help consumers compare ‘forward’ and reverse mortgage financing options

IRVINE, Calif. /ScoopCloud/ -- Mortgage Coach, a borrower conversion platform empowering mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time, today announced an integration with ReverseVision, a subsidiary of Constellation Mortgage Solutions, Inc., the leading national provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology. The integration enables lenders to produce a Reverse Total Cost Analysis (TCA), an interactive presentation that allows loan originators to give consumers side-by-side comparisons of how reverse mortgages perform against forward mortgages over the lifetime of the loan.

According to the National Reverse Mortgage Lenders Association (NRMLA), consumers age 62 and above comprise a significant share of the mortgage market, holding $10.1 trillion in home equity. Yet, HECM and private reverse mortgages, specifically designed to meet the unique financial circumstances of seniors, are rarely presented as options, often due to lender unfamiliarity with the programs.

Mortgage Coach's Reverse TCA enables loan originators to better serve clients with confidence by helping them evaluate whether a forward or reverse mortgage is best suited to meet their homeownership and financial goals. Designed to educate consumers about the conditions of reverse mortgages and illustrate unique features such as flexible disbursement options, the Reverse TCA serves to strengthen borrower trust in loan originators while empowering them with a more comprehensive understanding of their financial options.

Consumers can easily share Reverse TCA presentations with financial advisors and family members via text and email, which allows those involved in the long-term care of borrowers to feel informed and confident.

"For the first time ever, the Reverse TCA is making it possible for tens of thousands of expert forward mortgage advisors to easily, accurately and compliantly compare forward and reverse mortgage options side-by-side," said Mortgage Coach President Joe Puthur. "The solution strengthens lender relationships with qualified clients by modeling home financing options designed for their stage in life while helping loan officers advise clients on the mortgage solution that is right for them."

"This new partnership with Mortgage Coach opens doors for forward mortgage lenders to drive new undiscovered loan revenue and profitability by leveraging the surging home equity market via HECM mortgages," said Stephen Ryczek, president of Constellation Mortgage Solutions. "Lenders can provide an equity loan that provides seniors with a more comfortable retirement without the financial stress of monthly loan repayment."

"For many years, Finance of America Mortgage loan originators have embraced Mortgage Coach TCAs to visually educate our borrowers about all forward mortgage options, helping them select the loan that serves them best from our diverse mortgage product lineup," said Graham Fleming, president of Finance of America. "Similarly, Finance of America has long relied on ReverseVision. With this new integration, we can now uniquely illustrate any reverse mortgage option to help our senior clients flexibly leverage record home equity as they age in place. We look forward to showcasing our full product set, which includes reverse mortgages, to all eligible borrowers, ensuring they receive the best loan program for their overarching homeownership and financial goals."

About Mortgage Coach:

Mortgage Coach is an award-winning borrower conversion platform that gives consumers the confidence to transact with educational presentations that model loan performance over time. The company's side-by-side loan comparisons allow borrowers to make faster, more informed mortgage decisions while enabling lenders to consistently deliver an on-brand, consultative home financing experience that increases borrower conversion, repeat business and referrals. To date, more than 140 enterprise independent mortgage banks, depository banks and credit unions rely on Mortgage Coach to deliver personalized, modern service that grows revenue and customer loyalty. To learn more about Mortgage Coach, visit https://www.mortgagecoach.com or follow @MortgageCoach.

About ReverseVision:

Since 2007, ReverseVision, a subsidiary of Constellation Mortgage Solutions, Inc., has served the industry's top reverse mortgage lenders and 100 percent of all reverse investors, including banks and credit unions, mortgage brokers, and independent mortgage banks. ReverseVision's enterprise HECM mortgage platform and integrations allow its users to seamlessly originate reverse mortgages. ReverseVision's core platform, ReverseVision Exchange (RVX), is comprehensive and proven to automate the entire reverse lending process from Origination through Secondary Marketing to Closing. The company's technology is being successfully leveraged as a springboard that helps lenders get into the reverse space easily and efficiently. For more information, visit https://www.reversevision.com/.

Mortgage Coach, a borrower conversion platform empowering mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time, today announced an integration with ReverseVision, a subsidiary of Constellation Mortgage Solutions, Inc., the leading national provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology.

Related link: https://mortgagecoach.com/

VirPack and Mortgage Builder Announce Integration Built to Streamline the Digital Mortgage Process

MCLEAN, Va. /ScoopCloud/ -- VirPack is pleased to announce a new partnership with Mortgage Builder, a Constellation Mortgage Solution Company and full loan lifecycle solution. This new integration will provide Mortgage Builder customers advanced workflow and document management capabilities, including optical character recognition that automates document recognition and data extraction to easily determine if data extracted from critical loan documents matches loan data in Mortgage Builder.

The VirPack Mortgage Builder integration creates new efficiencies for Mortgage Builder customers through the power of VirPack's automation and workflow technology.

The carefully designed multi-point integration:
* Enables users to launch directly from Mortgage Builder into VirPack.
* Posts Mortgage Builder content directly to VirPack enabling documents and reports to be automatically categorized and indexed without manual operations from a Mortgage Builder user.
* Recognizes Mortgage Builder specific and IDS generated barcodes automatically enabling an accurate indexing of Mortgage Builder and IDS generated documents.

"We are excited to partner with Mortgage Builder whose strong focus on streamlining operations and customer service aligns strongly with VirPack's goals of improving the loan application workflow through modernization. This partnership will help Mortgage Builder customers by increasing employee efficiency, driving productivity, and facilitating additional document controls," said Wayland Pond, Chief Operating Officer of VirPack.

"Partnerships, like the one between Mortgage Builder and VirPack elevate the digital lending experience for both the lender and the borrower. We are pleased to select VirPack as our preferred document management integrated solution. Mortgage Builder is committed to creating positive customer experiences through intuitive technology, streamlined workflows, and superior customer service. We believe our customers will find this new integration provides efficiencies in processing and speeds loan closings," said Stephen Ryczek, President & General Manager of Mortgage Builder - A Constellation Mortgage Solution Company.

About VirPack

VirPack simplifies virtual document management for the lending industry by providing user-centric solutions for loan file management, e-delivery, and file indexing with full text OCR to significantly increase productivity and modernize business operations. A leader in file automation and automated workflows - our solutions replace manually complex and error-prone business processes with accuracy and efficiency for resource-constrained teams. For 20 years we have served the mortgage banking and financial services industries, innovating and creating award-winning technologies and solutions that have enabled customers to gain strategic competitive advantages. For additional information, visit https://www.virpack.com/.

About Mortgage Builder

Mortgage Builder provides enterprise mortgage software solutions for today's lenders that empower teams, quickly adapt to changing regulations, and are customizable to unique workflows. A subsidiary of Constellation Mortgage Solutions, MB is built to serve the needs of lenders - from origination to post-closing to servicing. The MB platform is a complete solution that is backed by our award-winning customer support team. Since 1999, Mortgage Builder has been working to help today's mortgage professional streamline operations, reduce costly errors that can lead to problems with compliance, and close more loans faster to increase ROI. Learn more at https://www.mortgagebuilder.com/.

*IMAGE LINK for media: https://www.Send2Press.com/300dpi/20-0924s2p-virpack-300dpi.jpg

VirPack is pleased to announce a new partnership with Mortgage Builder, a Constellation Mortgage Solution Company and full loan lifecycle solution. This new integration will provide Mortgage Builder customers advanced workflow and document management capabilities, including optical character recognition that automates document recognition and data extraction to easily determine if data extracted from critical loan documents matches loan data in Mortgage Builder.

Related link: https://www.virpack.com/

IDS Inks Exclusive Partnership Agreement with Mortgage Builder

SALT LAKE CITY, Utah /ScoopCloud/ -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today it has expanded its partnership to become the exclusive integrated document preparation vendor of Mortgage Builder, a provider of award-winning mortgage loan origination and servicing software. The newly rebuilt integration now fully incorporates the IDS eSignature platform and custom form generation capability.

The partnership includes the migration of Mortgage Builder's client base to idsDoc, IDS' flagship document preparation platform, which is recognized for unequalled customization and superior customer service. In addition, the integration supports new data points to meet more recent demands and upcoming needs, including TRID documents, eClosing process fields and impending URLA updates.

"There has been a concerted effort to modernize the aesthetics and functionality of the Mortgage Builder platform under the new leadership direction of Mortgage Builder's parent company Constellation Mortgage Solutions," said IDS Vice President and General Manager Mark Mackey. "IDS is honored to be one of a handful of vendors Mortgage Builder has chosen to help transform its award-winning platform into one built for the digital mortgage era, and we are eager to expand our partnership with Mortgage Builder to deliver an enhanced digital lending experience to our mutual clients."

Featuring enhanced system-to-system connectivity and seamless data transfer using the MISMO Version 3.4 data standard, the integration utilizes idsDoc for all document preparation within Mortgage Builder. In addition, specified data input enables Mortgage Builder to remain the single system of record, while still allowing the completion of custom and state fields. Through this interface, users are able to review the IDS compliance audit report to see what needs to be updated in Mortgage Builder and to draw from IDS's wide library of official, custom and state-specific documents.

"Mortgage Builder is pleased to strengthen our existing relationship with IDS," said Stephen Ryczek, President and General Manager of Mortgage Builder. "Our commitment to exceptional customer service and dedication to the highest level of compliance available in the loan origination software space are the perfect fit for this exclusive relationship moving forward. IDS's proven track record makes them the ideal technology partner, and we are eager to bring this new and improved capability set to our already robust loan origination and servicing platform."

About Mortgage Builder

Mortgage Builder provides enterprise mortgage software solutions for today's lenders that empower teams, quickly adapt to changing regulations, and are customizable to unique workflows. A subsidiary of Constellation Mortgage Solutions, MB is built to serve the needs of lenders - from origination to post-closing to servicing. The MB platform is a complete solution that is backed by our award-winning customer support team. Since 1999, Mortgage Builder has been working to help today's mortgage professional streamline operations, reduce costly errors that can lead to problems with compliance, and close more loans faster to increase ROI. Learn more at www.mortgagebuilder.com.

About IDS, Inc.

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include eSignatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regard to major industry compliance changes. (https://info.idsdoc.com/)

Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today it has expanded its partnership to become the exclusive integrated document preparation vendor of Mortgage Builder, a provider of award-winning mortgage loan origination and servicing software.

Related link: https://info.idsdoc.com/