Tag Archives: reverse mortgage industry

Celink taps Gravicore to transform operational agility while reducing fulfillment times and tech infrastructure costs

GREENWOOD VILLAGE, Colo. /ScoopCloud/ -- Gravicore, a technology company specializing in the deployment of cutting-edge cloud computing and data management solutions for financial services firms, today released a case study detailing its successful build-out and delivery of a cloud-based technology infrastructure for reverse mortgage subservicer Celink. An Amazon Web Services (AWS) Select Partner, Gravicore's work on behalf of Celink delivered measurable cost savings and improvements to staff productivity, operational resilience, organizational controls and business agility.

Integrating dozens of AWS and third-party services, Gravicore rearchitected Celink's technology platform to accelerate and enhance the subservicer's decision-making capabilities and modernized various technology-enabled workloads across Celink's many business functions, from enabling Line of Credit (LOC) withdrawals to be made through its self-service Borrower Portal to engineering a streamlined Investor Reporting system. Gravicore's contributions have enabled Celink to save hundreds of man-hours each month, increase software deployment frequency tenfold and eliminate expenses related to server over-provisioning and late LOC disbursement penalties. Notably, by automating workflows through a LOC Processing Module, Gravicore helped Celink realize a 40% reduction in LOC processing times.

"We chose Gravicore because of the team's strong knowledge of AWS, its opinionated framework for building cloud presence and the impressive set of tools it has developed," said Celink Chief Information Officer Sergey Dyakin. "Gravicore's fluency in both technology and financial services was a key accelerator of our technology transformation and an unquestionable contributor to its success."

"Financial services firms can achieve a wide array of operational benefits by modernizing data management and data-driven processes with a cloud-first strategy," said Gravicore Co-Founder and CEO Curtis Over. "At Gravicore, we take pride in empowering companies like Celink to become leaner and more agile through cutting-edge technology solutions and deep domain expertise."

Download the full case study for more information about Gravicore's partnership with Celink: https://gravicore.io/celink-case-study-landing-page/

About Gravicore:

Gravicore helps customers accelerate innovation by leveraging the cloud and modern data management services. The leadership team at Gravicore brings years of experience in technology-driven process transformations, including over a decade deploying cloud computing platforms and cutting-edge data management, analytics and reporting solutions. With deep domain expertise in mortgage, capital markets and fintech leadership, financial institutions and service providers rely on Gravicore to design and implement effective solutions while eliminating execution risk. Learn more at https://gravicore.io/.

About Celink:

Celink is the United States' leading subservicer of reverse mortgages. With a portfolio of over two hundred thousand loans, Celink is the subservicer of choice for the nation's largest reverse mortgage lenders. Celink's fully scalable servicing platform, ReverseServ Elite, supports proprietary reverse mortgage products and the government-insured Home Equity Conversion Mortgage (HECM). Reverse mortgages are home-equity products that help older homeowners stay in their homes and enjoy fulfilling retirements. Celink maintains an SQ2 rating as a primary servicer of reverse mortgage loans from Moody's. Learn more at: https://www.celink.com/.

Gravicore, a technology company specializing in the deployment of cutting-edge cloud computing and data management solutions for financial services firms, today released a case study detailing its successful build-out and delivery of a cloud-based technology infrastructure for reverse mortgage subservicer Celink.

Related link: https://gravicore.io/

Mid America Mortgage welcomes Dennis Loxton as national sales manager in its reverse mortgage division

ADDISON, Texas /ScoopCloud/ -- Mid America Mortgage, Inc. (Mid America) announced it has hired Dennis Loxton as national sales manager in the company's reverse mortgage division. A veteran of the reverse mortgage industry, Loxton joins Mid America from Liberty Reverse Mortgage, where he ran the Eastern wholesale division as regional vice president. At Mid America, Loxton will be responsible for recruiting top-tier loan officers to join the company's reverse mortgage division.

"Mid America strives to provide loan products that serve all types of borrowers. Senior homeowners comprise a large majority of the market but are often overlooked when it comes to mortgage products that meet their unique needs," said Mid America Owner and CEO Jeff Bode. "Adding Dennis Loxton only deepens the bench strength and level of experience in reverse mortgages Mid America has cultivated in the reverse mortgage arena, and on behalf of the entire company, I'd like to welcome him to the Mid America family."

Loxton also served as regional sales director at American Advisors Group, where he provided personalized solutions and service to provide borrowers with the best financial outcomes in retirement. Prior to America Advisors Group, Loxton developed significant reverse mortgage experience through various positions at Liberty Home Equity Solutions, Success Mortgage Partners, First Century Bank, Sun West Mortgage Company and VirtualBank, where he built the industry's first suite of proprietary reverse mortgage products.

In addition to founding a continuing education school for attorneys, financial advisors and real estate agents in 2005, Loxton also launched and continues to distribute an email newsletter about the reverse mortgage industry for the financial services and mortgage industries. He has also held a Certified Financial Planner(r) (CFP) designation since 1999.

"Reverse mortgages are a great option for senior homeowners looking to leverage their home's equity in retirement, but not every lender is prepared to offer these highly complex and often misunderstood loan products," Loxton said. "Mid America understands how reverse mortgages can be used to meet the unique financial needs of senior homeowners and has equipped its loan officers with the necessary tools to meet their clients' needs across all stages of the homeownership lifecycle. I am thrilled to be joining such an innovative, forward-thinking company and look forward to expanding its footprint in reverse mortgages nationwide."

To learn more about joining Mid America's reverse mortgage team or to subscribe to Loxton's reverse mortgage newsletter, contact Loxton at Dennis.Loxton@midamericamortgage.com.

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 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://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and 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/.

Mid America Mortgage, Inc. (Mid America) announced it has hired Dennis Loxton as national sales manager in the company's reverse mortgage division. A veteran of the reverse mortgage industry, Loxton joins Mid America from Liberty Reverse Mortgage, where he ran the Eastern wholesale division as regional vice president.

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

ReverseVision’s Jason Price Honored with HousingWire Insiders Award

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced that Product Manager Jason Price has been named to HousingWire's 2017 "Insiders Award" list.

Price was recognized for his contributions to ReverseVision's overall product enhancements and success, including the development of new calculators within RV Sales Accelerator (RVSA), the firm's web-based sales tool specifically designed to assist loan officers with increasing reverse mortgage applications and closing more loans. RVSA's calculators provide lenders the ability to model Home Equity Conversion Mortgages (HECMs) in conjuction with a borrower's retirement portfolio so they may visually understand how it will impact their financial resources over time. Price also contributed to several critical updates to RV Exchange (RVX), ReverseVision's flagship loan origination software. These updates have lead to increase efficiency and stability within the product.

Before assuming his current role, Price served as ReverseVision's customer support manager for two years. During that time, he managed the day-to-day operations of a support staff and worked with ReverseVision customers to resolve technical issues and business concerns. He also oversaw the company's transition to the ZenDesk ticketing system, led renovaions to the online support portal and merged three separate knowledge base systems into a single system which led to integrated ticketing, increased response times and more self-assisted support for users.

Price is Six Sigma Green Belt certified. He joined ReverseVision with more than 14 years of IT/software support experience at such leading firms as NextWave Broadband and Adobe Systems.

"Jason's strategic thinking, broad problem-solving skillset and passion for client service have helped secure ReverseVision's place as the undisputed leader in reverse mortgage technology," said ReverseVision President and CEO, John Button. "Perhaps more importantly, he has a deep understanding of the industry and clients he serves. His innovative contributions to ReverseVision product development are helping shape the industry's future."

"The scale of our Insiders Award this year is impressive in both its breadth and depth," said Jacob Gaffney, HousingWire editor-in-chief. "The talent on display here is unmistakable, and the scope of the work our winners do day-in and day-out is a testament to their accomplishments. It's an honor for HousingWire to publish this award."

Now in its second year, HousingWire's Insiders Award program was created to celebrate the "unsung heroes" behind the industry's most successful organizations. For a full list of honorees, visit https://www.housingwire.com/articles/41179-hw-insiders-2017.

About HousingWire:
HousingWire is by far the nation's most influential source of news and information for U.S. mortgage markets, boasting a readership that spans lending, servicing, investments and real estate market participants as well as financial market professionals.

Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B-to-B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International.

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 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 reverse mortgage lending. 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 http://www.reversevision.com/.

ReverseVision, Inc., the leading provider of software and technology for the reverse mortgage industry, today announced that Product Manager Jason Price has been named to HousingWire's 2017 "Insiders Award" list.

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

Skyline Financial Corp. Lays Groundwork for New Reverse Mortgage Division with Technology, Training from ReverseVision

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, has forged a partnership with Skyline Financial Corp. (Skyline Home Loans and NewLeaf Lending) to support the lender's growing reverse mortgage division with RV Exchange (RVX) loan origination technology and RV University (RVU) training programs.

One of the nation's top 50 mortgage lenders and a leading national issuer of Ginnie Mae securities, Skyline has originated a modest number of FHA-insured home-equity conversion mortgages (HECMs) over the years, mostly on a hybrid correspondent basis. According to industry veteran and recently appointed Division Vice President Joe Renner, Skyline is now ready to focus on becoming a full-fledged reverse mortgage lender.

"The home-equity conversion mortgage is often overlooked as a viable home-equity alternative, and it's especially underutilized as a means of purchasing a home. By growing our retail efforts and expanding HECM products to our wholesale channel, we can better serve the needs of Skyline customers," said Rinner. "Getting the right technology and training from ReverseVision was our first step."

ReverseVision's RVX serves as a centralized exchange, connecting all participants in the lifecycle of a reverse mortgage and allowing them to log in to a single system to share documents and information for each part of the loan process. The system encompasses everything from point-of-sale, processing and underwriting to funding, post-closing and secondary marketing.

"ReverseVision is proud to support a lender of Skyline's size and influence in making HECM loans available to more consumers," said Wendy Peel, vice president of sales and marketing for ReverseVision. "Skyline serves as the model for how large lenders can leverage an established network of traditional loan officers to create a thriving reverse mortgage line of business."

ReverseVision also offers live and online training programs through its RVU education platform, including a three-day course specifically designed to help companies like Skyline that have yet to establish their own HECM training accelerate the origination process.

Patrick Trolley, a mortgage planner and senior account executive with Skyline and NewLeaf, attended ReverseVision's accelerated loan originator training in April. An experienced traditional lender, Tromley had no specific knowledge of reverse mortgage lending. He enrolled in the training not only to springboard his own HECM origination efforts, but to better support his network of broker clientele.

"It was a great experience. I learned a lot and left the training feeling confident enough to line up two leads within a week," said Tromley. "I would recommend this training to anyone who is contemplating getting into the HECM space."

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 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 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 reverse mortgage lending. 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 http://www.reversevision.com.

About Skyline Home Loans/NewLeaf Lending:

Skyline Financial Corp. is a full-service, direct mortgage lender based in Calabasas, California. It operates as a retail lender under the name of Skyline Home Loans and is in the wholesale space as NewLeaf Lending. Consistently ranked one of Mortgage Executive Magazine's top 50 mortgage companies, Skyline has been in business for over 30 years. With more than 40 branches throughout the nation and nearly 600 employees, the company's mission statement is to" put the power of the home mortgage in the hands of our customer, through human connection, trust and our intelligent mortgage platform."

To learn more, visit https://www.skylinehomeloans.com/ and http://www.newleafwholesale.com/.

ReverseVision, the leading provider of software and technology for the reverse mortgage industry, has forged a partnership with Skyline Financial Corp. (Skyline Home Loans and NewLeaf Lending) to support the lender's growing reverse mortgage division with RV Exchange (RVX) loan origination technology and RV University (RVU) training programs.

ReverseVision Named to HousingWire’s HW TECH100 for Second Time

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced it has been named to HousingWire's HW TECH100(TM) list of the housing economy's most innovative technology companies for a second time. Previously recognized in 2015, ReverseVision is the only reverse mortgage loan origination software (LOS) provider to be selected for the prestigious award.

HousingWire introduced its TECH100 program in 2014 to recognize the increasingly influential role of technology companies serving the mortgage space. Chosen by HousingWire's editorial staff, winners of the award must demontrate market influence across six discrete dimensions. Every year has seen an increase not only in the number of companies who apply for the award, but also the breadth of their innovation.

ReverseVision was recognized for its flagship RV Exchange (RVX) LOS, the only reverse mortgage software that connects users across the entire industry. From loan origination to ordering services and from documents to closing, the end-to-end loan process can be done without ever stepping outside the software.

"HousingWire's Tech100 program is widely recognized as a 'who's who' of mortgage technology innovators, and we are honored to make the list for a second time," said John Button, president and CEO of ReverseVision. "ReverseVision is proud to support our lenders and brokers as the industry's source of reverse mortgage innovation in technology, education and thought leadership."

"The companies that make up the 2017 HW TECH100(TM) are the cream of the crop of the entire housing industry, from real estate to mortgage lending, servicing and investment," said HousingWire Senior Financial Reporter Ben Lane. "These companies aren't just taking part in the housing industry's technological revolution; they're leading it."

For a full list of honorees, visit http://tech100.housingwire.com/.

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 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 driving innovator in the reverse mortgage industry, ReverseVision's growth, leadership and innovation have been recognized in Deloitte's Technology Fast 500(TM) listing and by such publications as HousingWire, Mortgage Banking and Mortgage Professional America. 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 reverse mortgage lending. 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 http://www.reversevision.com.

About HousingWire:

HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments and real estate operations. The company's news, commentary, magazine content, industry directories and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/ Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors and Trade Association Business Publications International.

Learn more at http://www.housingwire.com.

ReverseVision, Inc., the leading provider of software and technology for the reverse mortgage industry, today announced it has been named to HousingWire's HW TECH100(TM) list of the housing economy's most innovative technology companies for a second time. Previously recognized in 2015, ReverseVision is the only reverse mortgage loan origination software (LOS) provider to be selected for the prestigious award.

ReverseVision Names Kelly Kelleher Director of Corporate Marketing and Events

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced the promotion of Kelly Kelleher to the role of director of corporate marketing and events.

Since joining ReverseVision as marketing manager in 2013, Kelleher has worn many hats and helped guide projects ranging from a full-scale corporate rebranding to targeted marketing campaigns to drive user participation in ReverseVision's flagship reverse mortgage loan origination system (LOS), ReverseVision Exchange (RVX). Kelleher has also heightened the firm's visbility in traditional mortgage trade media and events and designed and championed corporate thought leadership initiatives in partnership with the Mortgage Bankers Association (MBA), American Bankers Association (ABA) and various financial planning and financial advisor networks.

"Kelly's accomplishments in driving strategic direction with detail-oriented execution will only continue to enhance and strengthen ReverseVision's position as the industry leader," said ReverseVision Vice President of Sales and Marketing Wendy Peel.

In her new role, Kelleher will refine ReverseVision's brand identity to ensure it resonates with an evolving reverse mortgage marketplace that is experiencing the entry of more traditional, or "forward," lenders than ever before. She will also spearhead the ongoing cultivation and contribution of ReverseVision thought leadership to support industry growth.

Peel noted that Kelleher's combination of technical experience and expertise in all media outlets make her uniquely qualified to grow ReverseVision's annual user conference, RV UserCon, and "Fact Track" events, which educate prospective brokers and lenders on how and why to enter the reverse mortgage market. Through these activities, Kelleher will continue to bring reverse lending ideas, education and awareness to financial planners and other retirement advisors.

"I am continually impressed with Kelly's drive and commitment. She brings unique energy and ideas to every project - even the exhausting task of working a tradeshow floor. ReverseVision substantically benefits from the results she brings to the team," said ReverseVision President and CEO John Button.

"At ReverseVision, I am fortunate to be in a position where I can put my skills and experience to work for both a company and a product, the HECM, in which I sincerely believe," said Kelleher. A home-equity conversion mortgage, or HECM for short, is the most common type of reverse mortgage. "Exploring new ways of promoting the reverse mortgage industry and projecting the ReverseVision message on a national level is a compelling professional challenge that I welcome and embrace vigorously."

About ReverseVision:

Recognized as a Deloitte's 2015 Technology Fast 500(TM) company, ReverseVision is the leading software and technology provider for the reverse mortgage industry and offers products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision technology than all other reverse mortgage loan origination systems combined. ReverseVision has partnered with some of the finest and fastest-growing lending organizations in the United States to provide its leading reverse mortgage technology to brokers, correspondents, lenders and investors.

ReverseVision is a driving innovator in the reverse mortgage industry. ReverseVision continues to improve its software with frequent new innovations and by building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.

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

ReverseVision, Inc., the leading provider of software and technology for the reverse mortgage industry, today announced the promotion of Kelly Kelleher to the role of director of corporate marketing and events. In her new role, Kelleher will refine ReverseVision's brand identity to ensure it resonates with an evolving reverse mortgage marketplace.

ReverseVision’s Wendy Peel Named a 2016 ‘Elite Woman in Mortgage’ by Mortgage Professional America Magazine

SAN DIEGO, Calif., May 12, 2016 (SEND2PRESS NEWSWIRE) -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced that Vice President of Sales and Marketing Wendy Peel is one of Mortgage Professional America (MPA) magazine's 2016 "Elite Women in Mortgage."

Peel was recognized for her significant contributions to the mortgage industry and efforts to transform public perception of the reverse mortgage by promoting greater training and partnership among lenders, financial planners and consumers.

"Wendy really hit the ground running when she joined ReverseVision early last year," said ReverseVision President and CEO John Button. "In less than 18 months, she has helped ReverseVision grow from a recognized name in reverse mortgage technology to a trusted leader in reverse lending education and collaboration. We are thrilled, but unsurprised, to see Wendy singled out as one of MPA's Elite Women in Mortgage."

A publication of Key Media, MPA delivers news, opinion and analysis to mortgage, real estate and finance industry professionals through its bi-monthly magazine and daily email newsletter. Its annual list of "Elite Women in Mortgage" recognizes influential women leaders in the mortgage industry.

Since Peel joined the company, ReverseVision has added 700 new lenders and brokers to its flagship loan origination system, RV Exchange (RVX). RVX is currently used by nine of the top ten reverse mortgage lenders, and more reverse mortgages are originated on the LOS than all other systems combined. 2016 also saw Peel's successful launch of ReverseVision's inaugural User Conference, which convened lenders and brokers from 67 companies, including four of the nation's top five reverse lenders.

"I am privileged to be honored among such an accomplished field of industry peers," said Peel. "While our industry has made great strides in recent years, this recognition only motivates me to set my sights on the next set of challenges facing our customers and their clients."

About ReverseVision:

Recognized as a Deloitte's 2015 Technology Fast 500(TM) Company, ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision technology than all other reverse mortgage LOS combined. ReverseVision has partnered with some of the finest and fastest-growing lending organizations in the U.S. to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors.

ReverseVision is recognized as a driving innovator in the reverse mortgage industry. ReverseVision continues to improve its software with frequent new innovations and by building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.

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

Twitter: @ReverseVision

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/reversevision-s-wendy-peel-named-a-2016-elite-woman-in-mortgage-by-mortgage-professional-america-magazine-2016-0512-07.shtml.

NEWS SOURCE ReverseVision, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

NOVA Home Loans Chooses ReverseVision Exchange (RVX) Software to Originate Reverse Mortgages, Deliver to Investors

SAN DIEGO, Calif., March 30, 2016 (SEND2PRESS NEWSWIRE) -- ReverseVision announced today that NOVA(R) Home Loans (NOVA), a Tucson, Arizona-based mortgage lender serving the Southwestern United States, has selected RV Exchange (RVX) as its reverse mortgage loan origination software (LOS). NOVA has originated reverse mortgages as a correspondent lender since 2014.

According to Glen Smart, manager of NOVA's reverse mortgage division, the lender selected RVX for its superior integration with secondary market investors. "Frankly, the first question we ask whenever we partner with a new investor is, 'Will you work with RV Exchange?'" Smart said.

RVX is San Diego, Calif.-based ReverseVision's flagship product. The LOS serves as a centralized exchange, connecting all participants in the lifecycle of a reverse mortgage by allowing them to log in to a single system to share documents and information for each part of the loan process.

"RV Exchange allows us to deliver the same reverse mortgage package to any number of investor partners," Smart said. "We don't have to learn and open a bunch of different investors' systems to compare options. We absolutely love that."

RVX encompasses everything from point-of-sale, processing, underwriting, funding and post-closing to secondary marketing. This central exchange model is unique in the mortgage industry and offers benefits to all parties that include reduced document errors, heightened information security and shorter fulfillment timelines.

At NOVA, loan officers refer all reverse mortgage leads to a team of dedicated reverse mortgage specialists. Referring loan officers receive a referral fee when the loan closes.

"We've found that when leads are handled exclusively by certified reverse mortgage experts, customer interactions are better and loans close more frequently," said Smart. "I would love to see everyone in the industry shift to a model that relies on specialists versus the loan officer that tries to do one or two reverse mortgages a year. That's where mistakes get made, files are delayed, seniors are upset and the program gets a bad name."

NOVA is the largest independent mortgage bank in Arizona. Licensed in 12 states, NOVA currently operates branches in Arizona, Colorado and Nevada.

"Through RVX, NOVA Home Loans matches the needs of senior borrowers and investors, both of whom receive unique benefits from HECM loans," said ReverseVision Vice President of Sales and Marketing Wendy Peel. The HUD-insured home-equity conversion mortgage (HECM) is the most widely used reverse mortgage product. It allows homeowners age 62 and older to tap into their home equity as a source of income or line of credit.

"HECM can be an ideal solution for Baby Boomers who want to age in place and extend their finances throughout retirement," Peel said. "NOVA's commitment to the reverse mortgage business and to educating REALTORS(R), financial planners and seniors on reverse mortgage products is a boon to the communities it serves."

Smart also acknowledged the role of education in growing NOVA's reverse mortgage division. "We teach continuing education classes on reverse mortgages to real estate agents," Smart said, "and my goal for 2016 is to increase the number of interactions we have with financial planners, CPAs and estate attorneys. These professionals serve as trusted advisors and can help seniors and their families compare options and make the best possible financial decisions for their situation."

About NOVA(R) Home Loans:

Licensed in 15 states with branch locations throughout Arizona, Colorado and Nevada, NOVA has served the needs of homeowners and homebuyers since 1980. As one of the fastest-growing lenders in the Southwest, NOVA provides customers with the lending strength of a large financial institution and the flexibility of a local business, including specialized loan programs that traditional banks may not offer. At NOVA, loan applications are handled in-house from start to finish for exceptional service and closing speed.

For more information, visit http://www.novahomeloans.com/.

About ReverseVision:

Recognized as a Deloitte's 2015 Technology Fast 500(TM) Company, ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision technology than all other reverse mortgage LOS combined. ReverseVision has partnered with some of the finest and fastest-growing lending organizations in the U.S. to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors.

ReverseVision is recognized as a driving innovator in the reverse mortgage industry. ReverseVision continues to improve its software with frequent new innovations and by building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.

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

TWITTER: @ReverseVision @yesNOVA

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/nova-home-loans-chooses-reversevision-exchange-rvx-software-to-originate-reverse-mortgages-deliver-to-investors-2016-0330-02.shtml.