Tag Archives: HECM

ReverseVision Taps Credit Union Veteran Justin Burns as VP Operations, Invests in Platform Enhancements with Hire of Two Senior Software Engineers

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading Home Equity Conversion Mortgage (HECM) and private reverse lending platform, today announced the hire of credit union veteran Justin Burns as VP operations, and Senior Software Engineers Aron Weiler and Alan Guitierrez.

"Our mission is to bring reverse mortgage lending forward with an API-enabled lending platform that makes it possible for loan officers to evaluate and originate HECM and private reverse mortgages alongside forward lending programs," said ReverseVision President Joe Langner. "To that end, we've invested heavily in talent that will accelerate API development and integration partnership timelines. We look forward to delivering increased value to our customers with the help of Justin, Aron and Alan."

New to the ReverseVision team are:

* Justin Burns, VP Operations

Justin Burns possesses two decades' experience leading operations for financial and technology organizations. At ReverseVision, Burns will oversee company operations, identifying opportunities for process and structural optimization. Previously, Burns led service delivery operations at San Diego County Credit Union, the fifteenth largest credit union in the United States. Burns also has held positions as Senior Technical Advisor at Clear Solutions Advisors, Director of Technical Services and Operations at Pointivity Cloud Solutions, and Director, Service Delivery at Alliant International University. Burns holds a Master of Business Administration in information technology and business management.

* Aron Weiler, Senior Software Engineer

Aron Weiler has 20-plus years' experience heading software teams at global medical and science organizations. Before joining ReverseVision, Weiler served as Director of Software Engineering at Truvian, a San Diego-based medical diagnostic equipment firm, and Systems Architect, Senior Principal Software Engineer at BD (Becton, Dickinson and Company) (NYSE: BDX). Weiler has developed patents for computing architecture and a centralized medical device system.

* Alan Gutierrez, Senior Software Engineer

Alan Gutierrez possesses ten years' senior software development experience at global technology and medical device manufacturing corporations. Previously, Gutierrez has held roles as Senior Software Development Engineer at medical device manufacturing and software firm Breg, Senior Software Developer at global technology leader Cisco (NASDAQ: CSCO) and Senior Software Engineer at BD.

About ReverseVision

ReverseVision, Inc. is the leading Home Equity Conversion Mortgage (HECM) and private reverse mortgage program sales and origination technology platform, supporting more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite flexes to lenders' unique business and operational models, connecting all lending participants across the entire reverse mortgage lifecycle to meet borrowers where they are in life. A five-time HousingWire TECH100(TM) company, ReverseVision continues to build on its technology's pioneering capabilities with frequent enhancements.

For more information, visit https://www.reversevision.com/.

ReverseVision, the leading Home Equity Conversion Mortgage (HECM) and private reverse lending platform, today announced the hire of credit union veteran Justin Burns as VP operations, and Senior Software Engineers Aron Weiler and Alan Guitierrez.

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

Mid America Mortgage Selects ReverseVision as Technology Partner to Debut HECM and Reverse Products

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that Mid America Mortgage, Inc. (Mid America) has selected its flagship reverse loan origination system (LOS), ReverseVision Exchange (RVX) to support the introduction of HECM and private reverse mortgage products.

Instead of developing a proprietary reverse origination solution in-house, as Mid America has done with its forward LOS, the multi-state lender chose to partner with ReverseVision because they are the industry's foremost experts on reverse mortgage execution and technology development. Utilized by each of the top-ten producing HECM and reverse lenders, RVX's end-to-end reverse origination platform connects all participants across the reverse mortgage lifecycle, allowing them to exchange information throughout the loan process.

"Mid America has always sought opportunities to establish itself in underserved areas of the market, and reverse mortgages are a prime example," said Mid America Owner and Chief Executive Officer Jeff Bode. "Adding reverse mortgages to our existing product mix allows us to better cater to the unique financial needs of senior borrowers and foster customer retention by offering financial products relevant to borrowers at every stage in life. Given ReverseVision's reputation in the reverse mortgage space, we knew the firm was the only partner we could trust to power our reverse division."

To foster an informed borrower experience and strengthen customer relationships, Mid America has appointed HECM lending specialists to guide seniors through the HECM lending process, led by Mid America's newly appointed Director of HECM Lending Dan Barksdale.

"Having successfully originated HECMs and reverse mortgages for nearly a decade, I've witnessed not only the evolution of the reverse mortgage, but also the positive impact it has had on the lives of the seniors that have taken advantage of this product," Barksdale said. "When Mid America offered me the opportunity to launch its reverse mortgage program, I leapt at the opportunity to do so, and I look forward to leveraging the industry-leading digital mortgage platform Mid America has built - including RVX - to deliver this unique financial product to Mid America's senior-age borrowers."

"ReverseVision is excited to partner with Mid America as it strives to more fully meet the financial and retirement goals of its senior borrowers," said ReverseVision Vice President of Sales and Marketing Wendy Peel. "Mid America's entry into the reverse mortgage space provides lenders with an example of how a large, well-established lender can successfully integrate HECM and reverse lines into their existing business model."

About Mid America Mortgage, Inc.
Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://clicknclose.com.

Named a 2018 "Top Mortgage Workplaces" winner by Mortgage Professional America and a 2018 "Top Mortgage Employer" by National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

About ReverseVision
ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on the home-equity conversion mortgage (HECM) and related reverse mortgage programs. With nearly 10,000 active users, ReverseVision technology is used by 10 out of 10 top reverse mortgage lenders and supports more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite also includes reverse mortgage sales and education tools and a dedicated professional services team. ReverseVision partners with some of the finest and fastest-growing banks, credit unions and lending organizations in the United States to provide its reverse mortgage technology to brokers, correspondents, lenders and investors.

A four-time HousingWire TECH100(TM) company, ReverseVision has also been recognized in Deloitte's Technology Fast 500(TM) listing. The company continues to build on its technology's pioneering capabilities with frequent enhancements aimed at boosting users' reverse mortgage volume, workflow efficiency and data analysis capabilities.

For more information, visit https://www.reversevision.com/.

Twitter: @midamericamtge @reversevision #digitalmortgage #HECM

ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that Mid America Mortgage, Inc. (Mid America) has selected its flagship reverse loan origination system (LOS), ReverseVision Exchange (RVX) to support the introduction of HECM and private reverse mortgage products.

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

Total Expert and ReverseVision Team Up to Transform the Reverse Mortgage Customer Journey

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of technology and training for the reverse mortgage industry, today announced a partnership with Total Expert, creator of the first marketing operation system (MOS) specifically for banks and mortgage lenders. The two companies have deployed an API integration that links the Total Expert MOS with ReverseVision's RV Exchange (RVX) loan origination platform, enhancing the customer journey for reverse mortgage borrowers and enabling originators to better serve customers at all walks of life.

Total Expert offers a centralized platform that helps mortgage lenders manage their brands at an enterprise level with multi-channel marketing solutions, contact management, audit-ready compliance and built-in support for co-branded marketing campaigns. The system lets lenders orchestrate and deploy marketing campaigns across any channel (e.g., email, print, social media, text, video) and create hyperpersonalized relationships that keep prospects moving through the purchase decision tree.

The partnership between ReverseVision and Total Expert enriches the Total Expert platform with ReverseVision's expert insight into the reverse mortgage customer journey. Features include customized decision trees, specialized marketing communications and sales activities designed to help "forward" and reverse mortgage origination teams identify mutual opportunities.

"When it comes to reverse mortgages, no one understands how to build the relationship between loan officer and borrower better than ReverseVision," said Total Expert President Jeff Walton. "We're pleased to deliver that expertise to lenders as part of an integrated approach to sales and marketing that combines automation and personalization and that scales for any organization."

"By pairing RVSA with Total Expert's MOS, we've developed a package of generationally-comprehensive loan modeling and marketing tools that are readily scalable in format," said ReverseVision VP of Sales and Marketing Wendy Peel. "Bringing HECM's forward helps lenders better serve senior borrowers by matching them with the lending products that best meet their financial goals."

About Total Expert, Inc.

Total Expert is a fintech software pioneer of the first modern, enterprise-level Marketing Operating System (MOS) that enables lending and financial services firms to create customers for life by blending human relationships with digital simplicity. We power marketing and revenue growth for 10% of $2 trillion per year U.S. mortgage industry, and ensure banks and lenders stay ahead of how consumers expect to communicate, shop, and manage their financial lives in the digital/social era. For more information, visit https://totalexpert.com/.

About ReverseVision

ReverseVision, Inc. is the leading provider of technology and training for the reverse mortgage industry. With nearly 10,000 active users, ReverseVision technology is used by 10 of the top-ten reverse mortgage lenders and supports more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite also includes reverse mortgage sales and education tools and a dedicated professional services team. ReverseVision partners with some of the finest and fastest-growing banks, credit unions and lending organizations in the United States to provide its technology to brokers, correspondents, lenders and investors.

A four-time HousingWire TECH100(TM) company, ReverseVision has also been recognized in Deloitte's Technology Fast 500(TM) listing. The company continues to build on its technology's pioneering capabilities with frequent enhancements aimed at boosting users' reverse mortgage volume, workflow efficiency and data analysis capabilities.

For more information, visit https://www.reversevision.com.

Twitter: @ReverseVision @TotalExpertInc #reversemortgage #HECM #digitalmortgage

ReverseVision, the leading provider of technology and training for the reverse mortgage industry, today announced a partnership with Total Expert, creator of the first marketing operation system (MOS) specifically for banks and mortgage lenders. The two companies have deployed an API integration that links the Total Expert MOS with ReverseVision's RV Exchange (RVX).

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

ReverseVision and STRATMOR Group Partner to Integrate First-Ever HECM Borrower Satisfaction Benchmark into MortgageSAT

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced it is partnering with leading mortgage industry advisory firm STRATMOR Group to develop the first-ever HECM borrower satisfaction benchmark as part of STRATMOR's MortgageSAT Borrower Satisfaction Program.

Many of the borrower satisfaction measures that apply to traditional loans also apply to HECM loans, but there are unique elements to HECM origination that factor into the borrower experience as well, such as the requirement that HECM borrowers complete reverse mortgage counseling with an independent third party. To ensure its MortgageSAT program accurately considers these unique HECM processes, STRATMOR Group will build a tailored survey with input from ReverseVision.

"Bringing MortgageSAT to reverse lenders is exciting for a number of reasons," said STRATMOR MortgageSAT Program Director Mike Seminari. "As the dominant provider of reverse mortgage technology, ReverseVision is uniquely positioned to engage a large sample of lender participants, making this a true benchmark lenders can use to assess their performance against a meaningful peer dataset."

According to ReverseVision President and CEO John Button, reverse mortgages still suffer from a poor reputation despite the fact that the causes are long resolved with a HECM program that is safer than ever. "We expect the MortgageSAT survey results, including borrower comments, will shed light on the fact that reverse borrowers are thoughtful people who are planning for their financial futures," said Button. "The vast majority of them are very happy with both the process and the loan product."

With the MortgageSAT program, ReverseVision customers will be able to survey every borrower within 24 hours of loan closing. Direct, instant borrower feedback, along with deep insights into the loan process and the people involved, will enable lenders to pinpoint sources of borrower dissatisfaction and quickly take corrective action. MortgageSAT will provide individual scores for each participant in the HECM process (e.g., counselor, loan officer or broker, processor, underwriter and closer) and measure the borrower's perception of the entire experience with analysis by region, branch and individual employee.

"We're eager to give reverse lenders the ability to understand what's working and what's not working in their origination process," said Seminari. "MortgageSAT's value for lenders includes its ability to deliver actionable insights for mortgage leaders and coaching moments for employees."

About STRATMOR Group:

STRATMOR Group is a leading mortgage industry advisory firm that provides a range of programs and services designed to counsel lender CEOs and senior executives. STRATMOR serves more than 250 companies annually, providing strategies that increase growth and improve profitability in sales, marketing, technology, operations and mergers and acquisitions using comprehensive, propriety data and key insights gained through extensive experience in the mortgage industry. The company is well known for its financial models and its collaboration with the Mortgage Bankers Association in the PGR: MBA and STRATMOR Peer Group Roundtables program. Find out more about STRATMOR on its website at https://www.stratmorgroup.com/.

About ReverseVision:

ReverseVision, Inc. is the leading provider of technology and training for Home Equity Conversion Mortgage (HECM) origination. With nearly 10,000 active users, ReverseVision technology is used by 10 of the top-ten reverse mortgage lenders and supports more HECM transactions than all other systems combined. The company's comprehensive product suite also includes HECM sales and education tools and a dedicated professional services team. ReverseVision partners with some of the finest and fastest-growing banks, credit unions and lending organizations in the United States to provide its HECM technology to brokers, correspondents, lenders and investors.

A three-time HousingWire TECH100(TM) company, ReverseVision has also been recognized in Deloitte's Technology Fast 500(TM) listing. ReverseVision's annual user conference, the only event of its kind in the industry, brings together more than 200 lenders, vendors and educators each year to advance HECM lending. The company continues to build on its technology's pioneering capabilities with frequent enhancements aimed at boosting users' HECM volume, workflow efficiency and data analysis capabilities. For more information, visit https://www.reversevision.com.

Twitter: @ReverseVision @STRATMORGroup #HECM #MortgageSAT

ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced it is partnering with leading mortgage industry advisory firm STRATMOR Group to develop the first-ever HECM borrower satisfaction benchmark as part of STRATMOR's MortgageSAT Borrower Satisfaction Program.

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

ReverseVision’s Sold-Out Third Annual User Conference Equips New and Experienced HECM Lenders with Data-Driven Insights

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, attracted a record crowd of industry newcomers to its third annual user conference February 6-8 at the Kona Kai Resort and Spa in San Diego.

More than 80 companies attended ReverseVision's User Con 2018 event, which garnered increased attendance by "new to the industry" participants seeking to bolster their book of business with HECMs and related products.

The conference's opening session, dubbed "Generational Lending," was designed specifically for these industry newcomers. After debunking the common myths that still plague HECM lending, the session showed how HECM products help lenders grow long-term customer relationships by rounding out a portfolio of products relevant to each stage of the customer's life. Registration for this year's Generational Lending session more than tripled that of the previous year and included representatives from depository banks looking to learn more about the HECM product.

Other conference sessions covered a variety of subjects geared toward strengthening attendees' HECM lending endeavors in 2018, including industry outlook, compliance, security, sales strategies and ReverseVision technology.

One of the top-rated conference sessions was delivered by Jim Cameron, senior partner at mortgage industry advisory firm STRATMOR Group. Cameron shared exclusive data insights comparing today's forward and reverse lending markets and highlighting the opportunity represented by the millions of Baby Boomers who will reach the age of HECM qualification in the coming years. In addition, Cameron's findings shed light on the number of borrowers over 62 that could have benefitted from a HECM had it been offered as a loan option.

"RV User Con is a game changer for UNMB's reverse mortgage business. Sponsoring this year's conference gave us the valuable opportunity to get in front of potential job candidates and network with our peers in the industry," said Elly Johnson, COO and Vice President of reverse lending for United Northern Mortgage Bankers (UNMB). "We were pleased with both the turnout and the informative conference content, which left us with a greater understanding of ReverseVision's products as well as industry trends and expectations."

Johnson shared her expertise with User Con attendees in a panel session on modeling and selling HECM purchase loans and proprietary reverse mortgage products. UNMB was also featured in the conference's open General Lending session.

Also very popular among attendees was a special session led by Bob Massi, owner of Massi and Massi Attorneys at Law and better known to many as "The Property Man" on Fox News. Massi painted a compelling portrait of Baby Boomer homeowners and supplied session participants with specialized guidance on how to approach this unique and growing demographic about HECM loans. Following Massi's session, a panel of experts discussed proprietary products and why lenders might find them an attractive alternative for some of their more unique borrowers.

"ReverseVision was honored to welcome many new faces to our third annual conference," said Wendy Peel, vice president of sales and marketing for ReverseVision. "We are proud to equip new and experienced HECM originators alike with the sales tools and holistic strategies they need to maximize their HECM business and keep customers for life."

ReverseVision has already begun planning its next user conference, which will return to San Diego in 2019. Early registration is recommended to secure attendance.

Attendees and ReverseVision customers are encouraged to view handouts from this year's conference by visiting https://www.reversevision.com/handouts.

About ReverseVision:
ReverseVision, Inc. is the leading provider of technology and training for Home Equity Conversion Mortgage (HECM) origination. With nearly 10,000 active users, ReverseVision technology is used by 10 of the top-ten reverse mortgage lenders and supports more HECM transactions than all other systems combined. The company's comprehensive product suite also includes HECM sales and education tools and a dedicated professional services team. ReverseVision partners with some of the finest and fastest-growing banks, credit unions and lending organizations in the United States to provide its HECM technology to brokers, correspondents, lenders and investors.

A 2017 HousingWire TECH100(TM) company, ReverseVision has also been recognized in Deloitte's Technology Fast 500(TM) listing. ReverseVision's annual user conference, the only event of its kind in the industry, brings together more than 200 lenders, vendors and educators each year to advance HECM lending. The company continues to build on its technology's pioneering capabilities with frequent enhancements aimed at boosting users' HECM volume, workflow efficiency and data analysis capabilities.

For more information, visit https://www.reversevision.com.

ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, attracted a record crowd of industry newcomers to its third annual user conference February 6-8 at the Kona Kai Resort and Spa in San Diego.

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