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Free News Articles Home Alliances and Partnerships Business Free News Articles Up-and-comer ubermortgage Embraces Home-Equity Conversion Mortgage (HECM) with Technology from ReverseVision Up-and-comer ubermortgage Embraces Home-Equity Conversion Mortgage (HECM) with Technology from ReverseVision
SAN DIEGO, Calif. -- ReverseVision, the leading technology provider for the reverse mortgage industry, has formed a partnership with ubermortgage Inc. to support the budding lender's increasing demand for home-equity conversion mortgages (HECMs) with its RV Exchange (RVX) loan origination technology.
Emerging this year as a wholly-owned subsidiary of South Pacific Financial Corp., ubermortgage describes itself as a consumer-direct lender that combines the convenience of call center and online loan shopping with a relationship-oriented customer service approach to meet the evolving needs of today's consumers.
According to CEO John Johnston, the FHA-insured HECM has been part of ubermortgage's product plan since the company's outset.
"HECMs are an important opportunity for ubermortgage to create value for our customers Fabio Borini Jersey ," said Johnston. "We have a fiduciary responsibility to offer all borrowers, including those age 62 and older, flexible loan options that meet their needs."
An experienced traditional lender, Johnston knew that getting up to date on the latest changes to the HECM program was an essential first step. He signed up for training through RV University (RVU) and completed a live, three-day training course designed to springboard the success of companies like ubermortgage that have yet to establish their own HECM training. The course also gives attendees the opportunity to test-drive RVX.
ReverseVision's RVX serves as a centralized exchange that connects all participants in the lifecycle of a HECM loan and allows 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.