Join thousands of mortgage professionals using the industrys most reliable loan origination software complex process, meet streamlined solution. A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The original founder and ceo of reverse mortgage origination software platform reversevision is reentering the home equity conversion mortgage market with a new product that is currently in. Posted on 04012020 categories industry statistics hecm origination volume remains strong in february. A reverse mortgage is a loan where the lender pays you in a lump sum, a monthly. We have our own, easytolearn, easytouse online, reverse origination software bay docs to help you determine your borrowers loan amount, rates, fees, cash available and all other loan details. Reversevision, the leading provider of home equity conversion mortgage hecm and private reverse mortgage sales and origination technology, today announced their recently released. Webbased reverse mortgage software designed to manage contacts, organize tasks and events. Our online system allows you to enter and transmit data via the web without desktop software installation to provide a custom interface directly from your loan origination system.
Totalexpert and reversevision team up to transform the reverse. Since 1986, homequity banks chip reverse mortgage was the only product on the market, but now another player, equitable bank, decided it wanted a piece of the action and launched its own. Custom mortgage origination software we develop custom commercial and residential mortgage software, designed for mortgage servicing, amortization, and loan origination. Kiel mortgage selects reversevision rvx loan origination. With the hecm program, these fees are currently allowed to be up to 2%.
A 2018 housingwire tech100 company, reversevision has also been recognized in deloittes technology fast 500 listing and is the leading reverse mortgage software and technology provider for the entire industry. More loans leverage rv exchange rvx than all other reverse mortgage technologies combined. Ditech sells reverse mortgage solutions to mortgage assets. Reverse market insight is the premier provider of data, analysis and portfolio valuation services for the reverse mortgage industry. Our software solution is purposebuilt for you not retrofitted from a system developed for the forward mortgage industry. Integration connects reversevisions flagship loan origination platform with total. Upon choosing a lender and applying for a hecm, the consumer will receive from the loan originator. Sales engine is a groundbreaking approach to reverse mortgage crm built by a team of passionate, experienced, and innovative entrepreneurs and developers. Every day, over 10,000 baby boomers become ageeligible for a reverse mortgage. Reversevision software to accommodate proprietary reverse. I have used many origination platforms and reversevision continuously is the easiest and. The margin used in our calculator is 175 basis points 1. Point is your allinone answer to easier loan marketing.
People used to think you could take the hecm products, strip out the. However, the insurance contract must have been issued on january 1st of. Chases heloc pause could give reverse mortgages an advantage reverse mortgage daily april 23. The lender will add a margin to the index to determine the rate of interest actually being charged.
Kiel mortgage selects reversevision rvx loan origination software to support expansion of its hecm division. This webbased software will allow you to instantly determine borrower eligibility with plaza. Hecm endorsement analytics february 2020 huds february 2020 hecm endorsement. Equity loan optimizer helo into its reverse express origination system. Our software and analytical services drive key business decisions for the. That page also provides more detailed information about fees to expect when getting a reverse mortgage with one reverse.
The original founder and ceo of reverse mortgage origination software platform reversevision is reentering the home equity conversion mortgage market with a new product that is currently in development. Rv exchange rvx is the only reverse mortgage software that connects you to the entire industry. Recognized as a deloittes 2015 technology fast 500 company, reversevision, inc. Always my goto origination software for reverse mortgages.
Reverse mortgage origination fees asked on 2142007. Joe langner is the new president of reversevision, a provider of reverse mortgage origination technology langner is a distinguished industry executive with nearly 30 years of executive. Liberty home equity solutions is exclusively a lender of fha reverse mortgages and remained in the top five reverse mortgage lenders by volume throughout most of 2019. Can i deduct mortgage insurance premiums on a reverse.
Reversevision the most powerful reverse mortgage software. Reverse mortgage software providers bring new private products. This is the only reverse mortgage software that connects you to the entire industry. Webbased and highly scalable, quantumreverse is built around a workflow and compliance engine that easily adapts to operations of all sizes. Upfront costs for reverse mortgages come in three categories. Webbased and highly scalable, quantumreverse is built around a workflow and compliance engine that easily adapts to. Reverse mortgage software firm reversevision hires joe. From loan origination to servicing, documents to closing, rvx and its product features ensure you never have to step outside the software rvx does it all.
In a reverse mortgage, you get a loan in which the lender pays you. Thomas martignoni, who originally introduced the reversevision loan origination software in 2003, and denis shchasnovich, reversevisions original architect and head of. Tom has been working with reverse mortgage clients exclusively since 2002. Reverse mortgage software providers bring new private products aboard. The 6 best reverse mortgages for 2020 free buyers guide. Quantumreverse is the state of the art reverse mortgage origination system.
From loan origination to services, loan documents to closingrv exchange rvx does it all. From loan origination, to services documents to closing. Your company must be approved to originate reverse mortgages with plaza in order to have access to this fee software. Baseline advises and provides data and analytics to the industrys top originators, ginnie mae issuers, and broker dealers. Reversevision founder to launch new reverse mortgage. We are the experts in the reverse space connecting more loans and lenders than any other platform. From loan origination, to services documents to closing, you never have to step outside the software.
When you have a regular mortgage, you pay the lender every month to buy your home over time. The top nine best and most affordable reverse mortgage lenders. Reverse mortgage industry experts as the most widely used loan origination software provider in our industry, reverse vision knows the marketand the law. Plus a number of years prior to that before becoming a specialist. Baseline is the reverse mortgage industrys premier valuation software company. Reverse mortgage software reverse mortgage hedge advisory. Calyx point calyx software mortgage loan origination and. You can deduct amounts you paid for qualified mortgage insurance premiums on a reverse mortgage. More countries promote reverse mortgagelike programs. First, the mortgage lender can charge an origination fee. Reverse mortgage software provider reversevision announced this week that its loan origination system can be customized to accommodate. Earlier this year, ditech agreed to sell its forward mortgage originations and servicing businesses to new residential and the stock and assets of its reverse mortgage business, reverse. Grow your business by offering reverse mortgages from plaza. Examination procedures mortgage origination cfpb examinations 2 are hybrid, having a fixed interest rate for a certain period of time and then changing to an adjustable rate.