Tag Archives: Norcom Mortgage

SimpleNexus and Norcom Mortgage Partner to Develop New Customer Mobile App

LEHI, Utah /ScoopCloud/ -- Norcom Mortgage, a family-owned mortgage company with 36 locations along the East Coast, announced today the launch of its Easy Street App for iOS and Android mobile devices. Built by SimpleNexus, developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, the Easy Street App provides borrowers a convenient and safe way to apply for a loan, stay up-to-date throughout the loan process and even complete the loan closing ceremony from a mobile device.

"This new mortgage technology is a game-changing step for Norcom. The Easy Street app brings together borrowers, Realtors and loan officers in a way that is unmatched in the mortgage industry," said Norcom Mortgage Executive Vice President, Operations Manager Mike Dimech. "Thanks to our partnership with SimpleNexus, this turnkey solution will allow our loan officers to conduct the entire mortgage process on one platform, enhancing our efficiency and ultimately revolutionizing our customers' experience and how we close loans."

"With so much opportunity in the market, we know lenders are looking for technology that delivers not just great value, but great speed-to-value," said SimpleNexus Co-founder Ben Miller. "With Norcom's partnership, we have managed both. We brought Easy Street to life very quickly, and we are proud of the way it provides meaningful enhancements to the borrowers and loan officer experience with minimum disruption to the way work gets done."

Every step of the mortgage process is handled through the Easy Street app. After filling out the mortgage application, borrowers can photograph and securely upload documents, receive push notifications to track the status of their loan, download loan approval letters and e-sign closing documents - all from their mobile devices. Borrowers can even use the app to navigate the loan closing process digitally. Eliminating the need for a lengthy in-person closing ceremony.

The app features two-factor authentication and data encryption to protect borrowers' personal and financial data. In addition, loan officers can share the app with real estate agents and other referral partners, giving them access to mortgage calculators, automatic notifications and easy access to contact information.

For more information or to download Norcom's Easy Street app, please visit easystreet.norcommortgage.com

About Norcom Mortgage

Established in 1989, Norcom Mortgage is a growing family-owned mortgage company with 260 employees and 36 branch locations along the East Coast. Our programs vary and are flexible, whether you are a first-time homebuyer, an experienced mortgage shopper, a veteran, looking to refinance, and beyond. To learn more, visit https://norcommortgage.com

About SimpleNexus

SimpleNexus is a homeownership platform transforming the mortgage experience and connecting borrowers, loan officers, real estate agents and settlement service providers throughout the homebuying process. The platforms' native mobile toolset enables lenders to originate, process and close home loans from anywhere with increased efficiency and convenience. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals, sign disclosures and execute eClosings - all on the go. SimpleNexus provides borrowers with a single sign-on experience from home search to the application, document upload, eClose and beyond for a more streamlined homeownership journey. Learn more: https://www.simplenexus.com/

News from SimpleNexus

Norcom Mortgage, a family-owned mortgage company with 36 locations along the East Coast, announced today the launch of its Easy Street App for iOS and Android mobile devices. Built by SimpleNexus, developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents.

Related link: https://simplenexus.com/

This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

Norcom Mortgage Names ReverseVision Its Provider of Choice for End-to-End HECM Technology

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that Norwich Commercial Group, Inc. dba Norcom Mortgage (Norcom) has selected ReverseVision as its provider of choice for end-to-end HECM technology.

In addition to ReverseVision's flagship RV Exchange (RVX) loan origination software (LOS), Norcom has deployed RV Database (RVDB), an add-on that enables lenders to create a local "data warehouse" of pertinent reverse mortgage data, and RV Sales Accelerator (RVSA), a web-based tool that helps loan officers drive HECM loan volume.

"Over the course of my career, I've managed hundreds of HECM transactions using both proprietary and name-brand solutions," said Pete Mendenhall, Certified Reverse Mortgage Professional (CRMP) and Vice President of HECM Lending for Norcom. "What I like about ReverseVision's technology is that it gives me the ability to manage and oversee everyone who touches the loan and keep them pulling in the same direction. For example, the real-time report in RVSA gives me a birds-eye view of where my prospects are in the origination life cycle with the push of a button."

Norcom has also leveraged ReverseVision's integrations with Velocify's customer relationship management (CRM) tools and Ellie Mae's Encompass(R) LOS to streamline lead management and loan fulfillment.

"ReverseVision's integrations deliver a lot of flexibility and time savings," added Mendenhall. "Our traditional/forward and HECM teams can easily trade leads with one another. At the same time our HECM loan officers are working in RVX, our operations team - which is responsible for closing and funding - can work in Encompass, which they know best, without any balls getting dropped."

Founded in 1989, Norcom is a generational lender that has grown rapidly since evolving from a mortgage broker to a mortgage lender in 2005. Working to be licensed in all 50 states, Norcom is currently licensed in 40 U.S. states plus the District of Columbia and Guam. Its team of more than 130 loan officers and 102 third-party originator (TPO) partners offers a 360-degree variety of conventional and specialized loan products, including HECMs and other equity-release programs.

"On its own, RVX is powerful origination technology that connects every participant in the lifecycle of a HECM loan - all the way to the secondary market," said ReverseVision Vice President of Sales and Marketing Wendy Peel. "When supported by ReverseVision's full product suite, RVX becomes an unstoppable tool for helping lenders like Norcom Mortgage accelerate business and close more loans. We are honored to be Norcom's provider of choice for reverse mortgage technology, and we look forward to a partnership marked by growth and success."

About ReverseVision:

ReverseVision 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/.

About Norcom:

Founded in Avon, Connecticut, in 1989, Norcom is a fast-growing generational lender serving families throughout the United States. The Norcom family offers customers a wide range of mortgage programs that fit their needs and superior customer service while placing an emphasis on speed, flexibility and low rates. The company gives back to the communities it serves through its outreach division, Norcom Cares.

For more information, visit https://norcommortgage.com/.

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News from ReverseVision Inc.

ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that Norwich Commercial Group, Inc. dba Norcom Mortgage (Norcom) has selected ReverseVision as its provider of choice for end-to-end HECM technology.

Related link:

This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.