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New American Funding Reverse Mortgage Operation Builds Out 47-State Footprint with ReverseVision RVX

SAN DIEGO, Calif. -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, is pleased to announce that Tustin, California-based national mortgage lender New American Funding is expanding its reverse mortgage lending operation to 47 states using the RV Exchange (RVX) loan origination software (LOS).

ReverseVision's flagship product, RVX 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, encompassing 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.

Founded in 2003, New American Funding is a full-service mortgage lender that recently expanded its centralized reverse mortgage division to serve all 47 states in which New American Funding is licensed to operate. Its internal reverse mortgage lending staff serves branch office originators on the forward side with an exclusive focus on the home-equity conversion mortgage (HECM) for purchase, an FHA-insured reverse mortgage through which qualified borrowers can purchase a home with no required mortgage payment and which may enable them to create a tax-free line of credit for retirement funding.

"New American Funding selected RVX due to its simplicity, its popularity with nearly all the major lenders and its ability to integrate with our LOS as well as our enterprise CRM and lead management platform," said Ellen Skaggs, New American Funding's reverse national production manager. "ReverseVision was very helpful in onboarding us and worked hard to help my team create some custom modules."

According to Skaggs, as incoming leads enter New American Funding's proprietary CRM, they are automatically distributed to the appropriate branch. Engaging ReverseVision in the system allows leads for the reverse mortgage operation to be routed directly into RVX. Borrower data from RVX is also shared with New American Funding's forward LOS so lenders can use its familiar interface to conduct outreach with borrowers at pre-determined relationship milestones.

"New American Funding is an exciting example of how mortgage lenders are embracing technology to enable enterprise strategies for marketing, CRM and expansion into new markets," said John Button, CEO of ReverseVision. "ReverseVision has enjoyed the opportunity to support both its expansion of reverse mortgage lending and its commitment to an enterprise CRM strategy."

About New American Funding:

New American Funding, a national mortgage banker licensed in 47 states, was founded by Rick and Patty Arvielo in 2003. With Rick's expertise in marketing and technology and Patty's extensive mortgage background, New American Funding quickly became one of the fastest-growing mortgage bankers in the industry. Today, with well over 2,100 employees, nationwide branches, a servicing portfolio of $14 billion and funding over $1 billion per month, New American Funding is at the height of its game.

At New American Funding's mission is to provide homeowners and future homeowners a variety of home financing options at competitive rates, fulfilling their needs in a manner that enhances their standard of living and helps them realize the American Dream.

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/.

This news story was published by the Neotrope® News Network - all rights reserved.

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Veteran Reverse Mortgage Educator Dan Hultquist Joins ReverseVision as Director of Learning and Development

SAN DIEGO, Calif. -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, has hired industry educator Dan Hultquist as director of learning and development. In this role, Hultquist will apply his experience in originating loans and working with retirement advisors to help ReverseVision bring a range of products, financial tools and educational techniques to the industry, ultimately driving volume growth.

A certified reverse mortgage professional (CRMP), Hultquist co-chairs the education committee for the National Reverse Mortgage Lenders Association (NRMLA). In addition, Hulquist is author of the book "Understanding Reverse," which answers the top questions he has received as a national reverse mortgage trainer with a special focus on the point of sale.

"Dan comes armed with unparalleled product knowledge and extensive field experience," said John Button, CEO of ReverseVision. "This unique combination makes Dan the perfect resource to spearhead several upcoming ReverseVision initiatives that will provide assistance to reverse mortgage lenders and brokers nationwide."

Hultquist most recently served as reverse mortgage training manager for Open Mortgage. In that role, he developed reverse mortgage training materials and conducted monthly compliance training using a custom learning management platform. At the same time, Hultquist originated loans as a branch manager for the Austin, Texas-based lender.

"I've been blessed to work for outstanding reverse mortgage lenders, like Open Mortgage, who understood the value of reverse mortgage training and supported my commitment to industry-wide education," said Hultquist. "Returning to loan origination gave me a renewed appreciation for the work done by field professionals every day. But after wearing two hats for the past couple of years, I'm ready to focus my energies on what I love best: education. This opportunity with ReverseVision gives me the perfect platform for pursuing this passion and positively impacting our industry."

Hultquist is a Penn State graduate and earned an MBA from Kennesaw State University. He lives outside Atlanta with his wife and three children.

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/.

*PHOTO for Media: Send2Press.com/mediaboom/16-0720-Dan-Hultquist-300dpi.jpg
*PHOTO Caption: Dan Hultquist, Director of Learning and Development, ReverseVision.

This news story was published by the Neotrope® News Network - all rights reserved.

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Evolve Bank & Trust Selects ReverseVision Exchange (RVX) Loan Origination Software

SAN DIEGO, Calif. -- ReverseVision is pleased to announce that Memphis, Tennessee-based Evolve Bank & Trust (Evolve), a full-service commercial bank and mortgage lender serving customers and communities nationwide, has selected RV Exchange (RVX) reverse mortgage loan origination software (LOS).

Evolve's reverse mortgage division is co-managed under the guidance of David Brindley and Steven Rosenberg. "We're proud to offer Evolve Bank & Trust customers a distinctive selection of mortgage products to address all their financial needs," said Brindley. "Adding home-equity conversion mortgage, or 'HECM,' loans to the mix allows us to better serve the needs of the growing number of Baby Boomers who are planning for retirement."

"Evolve is the ideal choice for homeowners considering a reverse mortgage," said Rosenberg. "Borrowers can feel confident in the quality of our loan products, and they know they'll receive the same exceptional service we've been delivering to our customers for over 90 years."

Evolve selected RVX as its reverse mortgage LOS because of the ease of use and ability to support the entire lifecycle of the HECM loan. "ReverseVision Exchange was easy to integrate into our model. It allows us to issue our own closing documents, pay mortgage insurance premiums, schedule and conduct closings - you name it, we can do it on RVX. From origination to the secondary market, it's the best system to enhance our growth and implement our marketing strategies," said Brindley.

RVX is San Diego, California-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.

"We are delighted to partner with Evolve Bank & Trust as they continue to help more seniors access this unique home-equity solution," said ReverseVision Vice President of Sales and Marketing Wendy Peel.

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.

About Evolve Bank & Trust:

Established in 1925, Evolve Bank & Trust specializes in delivering personalized relationship-based banking and mortgage services. Evolve is a nationwide Preferred SBA lender and also offers trust and fiduciary services, physician lending and equipment finance to its customers throughout the United States. The bank offers a wide array of competitively priced loan and deposit products and services and is actively involved in helping its communities grow. Evolve Bancorp, Inc. is the Arkansas-based holding company of Evolve Bank & Trust.

For more information, visit http://www.getevolved.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.

This news story was published by the Neotrope® News Network - all rights reserved.

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ReverseVision Teams Up with Factual Data to Provide Integrated Credit Reporting Solutions to Users of RV Exchange (RVX) LOS

SAN DIEGO, Calif. -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, has partnered with Factual Data to provide integrated credit reporting solutions to users of RV Exchange (RVX) loan origination software (LOS). Credit information supplied by Factual Data is available in RVX as of the system's most recent update on April 18.

"Integrating with ReverseVision gives Factual Data the opportunity to help our mutual customers access the critical data they need. Lenders will have the ability to build efficiencies that allow them to proceed quickly and confidently through the lending process," said Factual Data Senior Vice President of Sales Jay Giesen.

Loveland, Colorado-based Factual Data provides independent verification of credit, income and other loan qualification data for the mortgage industry. Founded in 1985, Factual Data is a trusted name in risk mitigation and provides data verification for top lenders in the United States.

"Through our partnership with Factual Data, RVX users will enjoy streamlined access to the critical credit information they need to identify qualified borrowers," said ReverseVision Vice President of Sales and Marketing Wendy Peel.

RVX is San Diego, California-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.

Factual Data makes it easy for RVX users to request additional details when questions arise about a borrower's credit report. Without leaving RVX, users can quickly and easily order supplemental credit information, such as updated tradeline or payment histories, from the relevant creditor.

"While a borrower's ability to qualify for a reverse mortgage does not hinge on his or her numerical credit score, the new Financial Assessment rules require reverse mortgage lenders to carefully consider the borrower's ability to meet financial obligations," Peel said. "That's why offering lenders the ability to order credit supplements from within RVX is such a critical advantage of this integration."

About Factual Data:

Factual Data is a trusted provider of credit, risk mitigation, flood and verification services to the mortgage lending industry. Leveraging innovative technology and deep industry experience, Factual Data simplifies the mortgage lending process for its customers.

For more information, visit https://www.factualdata.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/.

This news story was published by the Neotrope® News Network - all rights reserved.

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ReverseVision and Open Mortgage to Exhibit Reverse Mortgage Origination Solutions at 2016 EMERGE Forum in New Orleans

SAN DIEGO, Calif. -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, is pleased to announce that it will be an exhibitor at the EMERGE: Consumer Financial Health Forum being held June 15-17 at the historic Roosevelt Hotel in New Orleans, Louisiana. ReverseVision will partner with fellow EMERGE exhibitor Open Mortgage to present an interactive and educational experience at booth #107. Open Mortgage is a Texas-based mortgage lender that has originated home-equity conversion mortgage (HECM) loans since 2010.

Offered by American Banker and the Center for Financial Services Innovation (CFSI), EMERGE is an opportunity for banks, credit unions and other financial services providers to explore responsible and competitive strategies for improving both consumer financial health and their bottom lines. The ReverseVision/Open Mortgage exhibit will invite attendees to test their awareness and understanding of the HECM reverse mortgage product.

"Financial institutions that offer mortgage products need to be able to meet borrowers where they are in life. The HECM product is designed specifically for the needs of senior borrowers who are retired or nearing retirement," said Wendy Peel, Vice President of Sales and Marketing for ReverseVision. "Wealth management groups within financial institutions who serve senior homeowners should also consider HECM as part of the overall retirement strategy. Whether as a bridge to delaying social security benefits or simply as line of credit for emergencies, the HECM loan product has a wide range uses in potentially extending a portfolios life and the seniors' quality of life."

"HECMs can be a critical element of the financial mix available to homeowners at age 62 or older. When used strategically, HECM can add lifespan to the resources of retirees' and their households," agreed Sharon Falvey, director of sales operations for Open Mortgage.

About ReverseVision:

Recognized as a Deloitte's 2015 Technology Fast 500 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/.

About Open Mortgage:
Open Mortgage is a retail, wholesale and correspondent lender offering automated tools, cutting-edge technology and excellent customer service. Every great athlete has a great coach; with this model in mind, Open Mortgage provides the tools and personal support to help lenders grow their origination business. Open Mortgage offers a wide variety of mortgage products including conventional mortgages, mortgage refinance, FHA loans, USDA loans, VA loans and reverse mortgages. Equal Housing Opportunity Lender NMLS #2975

For more information, contact: Cecilia Delgado, cece@corp.openmtg.com, 512-354-2347.

This news story was published by the Neotrope® News Network - all rights reserved.

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Open Mortgage Launches Reverse Mortgage Wholesale Operation on ReverseVision’s RV Exchange (RVX) LOS

SAN DIEGO, Calif. -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, is pleased to announce that Texas-based mortgage lender Open Mortgage has launched its reverse mortgage wholesale operation on the RV Exchange (RVX) loan origination software (LOS).

A full-service mortgage lender, Open Mortgage has been a home-equity conversion mortgage (HECM) retail lender since 2010, originating its reverse mortgage production via the RVX LOS. RVX 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. This central exchange model is unique in the mortgage industry and allows wholesale transactions to be conducted seamlessly from origination to investors.

"Offering the HECM reverse mortgage has been a smart business move for Open Mortgage," said Scott Gordon, founder, president and CEO of Open Mortgage. "Our strategy to get into the product early has allowed us to serve growing borrower demand, build our internal expertise and prepare to serve loan originators in a wholesale capacity, supported along the way with tools delivered by ReverseVision."

"As competition heats up, mortgage brokers are eager to add a product that differentiates them in the marketplace, but they may not know where to start," said Sharon Falvey, director of sales operations for Open Mortgage. "Thanks to our experience as an RVX-enabled HECM retail lender, we are ideally positioned to serve those mortgage brokers through a combination of unparalleled customer service and technology infrastructure while they become reverse mortgage experts themselves."

Falvey also noted that Open Mortgage is eager to attract reputable mortgage brokers that share its commitment to top-shelf customer service, empowering the dream of ownership for borrowers of every description and the responsible origination of HECM reverse mortgages.

About Open Mortgage:

Open Mortgage is a retail, wholesale and correspondent lender offering automated tools, cutting-edge technology and excellent customer service. Every great athlete has a great coach; with this model in mind, Open Mortgage provides the tools and personal support to help lenders grow their origination business. Open Mortgage offers a wide variety of mortgage products including conventional mortgages, mortgage refinance, FHA loans, USDA loans, VA loans and reverse mortgages. Equal Housing Opportunity Lender NMLS #2975.

For more information, visit http://openmortgage.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/.

* Logo for media: Send2Press.com/mediaboom/16-0517-ReverseVision-300dpi.jpg

This news story was published by the Neotrope® News Network - all rights reserved.