Business, Free News Articles, Product Launches, Software

ReverseVision Launches Interactive Tool to Help Originators and Consumers Compare HECM Loans with HELOCs, First- and Second-Lien Mortgages

SAN DIEGO, Calif. -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) and senior lending industry, today announced the release of the Comparison Calculator within RV Sales Accelerator (RVSA). The Comparison Calculator is an interactive tool that allows loan originators to give consumers side-by-side comparisons of how HECMs and their unique features, such as the adjustable rate HECMs' line-of-credit that grows over, performs against other home equity loan products over the projected life of the loan.

ReverseVision developed its Comparison Calculator in response to a compelling study by the National Council of Aging, which found that when presented with a blind comparison of HECM and Home Equity Line of Credit (HELOC) loans, seniors choose the HECM over the HELOC 58 percent of the time. The Comparison Calculator is the first tool of its kind to offer consumers side-by-side comparisons of HECM lines of credit against other loan types, such as home equity lines of credit (HELOCs) and traditional first- and second-lien mortgages. This powerful feature gives consumers alternative options to dipping into their retirement, equity and other savings accounts when managing their finances.

"With seniors holding more than six trillion dollars in accumulated home equity in the United States, consumers need to know that they have options to tap into their financial resources - and originators need tools to help them describe the differences in how these options perform over the long term," said ReverseVision Product Manager Jason Price. "We are proud to introduce a tool that takes the Generational Lending concept and puts to practice helping borrowers as their needs change over time."

"Additionally, we are pleased to empower mainstream-loan officers with access to this technology by releasing it onto our new platform," continued Price. "Now any company can leverage these tools in their own portal, CRM or point-of-sale solution."

"The Generational Lending Scenario Builder is exactly what the industry needs to help loan officers reach senior borrowers who would be better served by HECMs than 'comfortable,' traditional loan types," explained Wendy Peel, vice president of sales and marketing for ReverseVision. "Equipped with this tool, originators can visually demonstrate how a HECM can perform against other loan types, thereby empowering borrowers with a more comprehensive understanding of their financial options and strengthening borrower trust in both the HECM product and their loan originator."

About ReverseVision:

ReverseVision, Inc. 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 four-time HousingWire TECH100(TM) company, ReverseVision has also been recognized in Deloitte's Technology Fast 500(TM) listing. 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.

Twitter: @ReverseVision #reversemortgage #HECM

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Awards and Honors, Business, Free News Articles

ReverseVision Named to HousingWire Magazine’s Tech100 List of Top Housing Technology Companies for a Fourth Year

SAN DIEGO, Calif. -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced it has been named to HousingWire (HW) Magazine's Tech100(TM) list of innovative housing technology companies for a fourth time. ReverseVision was previously named a HW Tech100 honoree in 2015, 2017 and 2018.

ReverseVision was recognized for its position as the industry's most trusted provider of technology and training for HECM origination and senior lending. ReverseVision's flagship origination system, RV Exchange (RVX), is used by 10 of the top 10 HECM lenders and processes more reverse loans than all other solutions combined.

"As a company, ReverseVision is intently focused on providing our HECM and reverse originating customers with technology that enables them to flourish," said John Button, president and CEO of ReverseVision. "Accelerated by mortgage market conditions, generational lending has moved from a concept to reality. Coupled with the massive growth in proprietary senior lending products we are rapidly spearheading game-changing partnerships, developing new components and implementing APIs that enable reverse lenders to improve performance by connecting with other similar best-of-breed mortgage systems."

"This year's Tech100 list is stronger than ever! We leveraged a highly-qualified selection committee to review all nominations and guide the selection process. This extra layer of expertise and practical exposure to selected companies was influential in helping HousingWire recognize the 100 fintech companies that deserve the honor of being named the greatest players in the game," said HousingWire Editor-in-Chief Jacob Gaffney. "We couldn't be more proud of the innovators and entrepreneurs behind these organizations and we hope you'll join us in celebrating their inclusion on the most prestigious list of its kind - the HW Tech100."

Now in its sixth year, the HW Tech100 awards program recognizes the most innovative technology companies in U.S. real estate, mortgage lending, mortgage servicing and investments. The full list of honorees can be viewed in the April edition of HW Magazine and online at https://www.housingwire.com/articles/48513-here-are-the-housingwire-2019-tech100-winners.

About ReverseVision:
ReverseVision, Inc. is the leading provider of technology and training for Home Equity Conversion Mortgage (HECM) origination. With many thousands of 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 four-time 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 HousingWire:
HousingWire is 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, 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.

Twitter: @ReverseVision @HousingWire #2019HWTECH100

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Awards and Honors, Business, Free News Articles

ReverseVision Vice President Wendy Peel Recognized as One of Mortgage Banking’s Most Powerful Women

SAN DIEGO, Calif. -- ReverseVision, the leading provider of technology and training for the reverse mortgage industry, announced today that Vice President of Sales and Marketing Wendy Peel has been honored by National Mortgage Professional (NMP) Magazine as one of Mortgage Banking's Most Powerful Women.

The NMP award, new this year, honors "women who continue to blaze new trails and lead the way for a brighter future in today's mortgage profession." Peel was recognized for reimagining and redirecting how Home Equity Conversion Mortgages (HECMs) and other reverse mortgage products are viewed by lenders and consumers in ways that will have a long-lasting and positive impact on the mortgage industry.

Peel's innovative Generational Lending(TM) approach to serving borrower needs across the consumer lifecycle has entrenched ReverseVision as the reverse mortgage market's most dynamic and leading origination platform while simultaneously winning over lender hearts and minds on the benefits of reverse mortgages. She is a regular contributor to industry trade publications, writing on topics from Generational Lending to connecting with baby boomers online.

"When Wendy joined us in 2015, she embarked on a multi-year education campaign to enlighten lenders and brokers as to the significant opportunity open to them in originating HECMs," said John Button, president and CEO of ReverseVision. "More recently, she has expanded on that theme to demonstrate the positive impact of positioning HECMs alongside traditional mortgages for every potential borrower."

"My mission has been to help lenders realize the many potential opportunities that reverse mortgage products offer to better meet the needs of borrowers," said Peel. "It's gratifying to play a role in helping lenders succeed."

A complete list of Mortgage Banking's Most Powerful Women appears in the October issue of NMP: https://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201810/#/0.

About National Mortgage Professional:

National Mortgage Professional Magazine has become "The Source for Top Originators" - that connects the mortgage professional community under various media formats. Our exceptional team of industry-seasoned monthly contributors combined with our knowledgeable editorial staff, all with meaningful expertise in their respectful disciplines, provide the most up-to-date news, insight and advice for today's mortgage professional. We are committed to ensuring that today's industry is equipped with the most comprehensive understanding of mortgage news available through our many resources, including, but not limited to, articles in the print edition of National Mortgage Professional Magazine and 38 state-specific e-editions, the NMP Daily and NMP Ticker email newsletters, the exclusive daily news stories and postings on our website (https://nationalmortgageprofessional.com), and our regular series of original Webinars, along with a number of additional resources in the works.

About ReverseVision:

ReverseVision, Inc. 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 three-time 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.

Twitter: @ReverseVision #reversemortgage #HECM @NatlMortgagePro #mortgagebanking

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Business, Free News Articles

ReverseVision and STRATMOR Group Partner to Integrate First-Ever HECM Borrower Satisfaction Benchmark into MortgageSAT

SAN DIEGO, Calif. -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced it is partnering with leading mortgage industry advisory firm STRATMOR Group to develop the first-ever HECM borrower satisfaction benchmark as part of STRATMOR's MortgageSAT Borrower Satisfaction Program.

Many of the borrower satisfaction measures that apply to traditional loans also apply to HECM loans, but there are unique elements to HECM origination that factor into the borrower experience as well, such as the requirement that HECM borrowers complete reverse mortgage counseling with an independent third party. To ensure its MortgageSAT program accurately considers these unique HECM processes, STRATMOR Group will build a tailored survey with input from ReverseVision.

"Bringing MortgageSAT to reverse lenders is exciting for a number of reasons," said STRATMOR MortgageSAT Program Director Mike Seminari. "As the dominant provider of reverse mortgage technology, ReverseVision is uniquely positioned to engage a large sample of lender participants, making this a true benchmark lenders can use to assess their performance against a meaningful peer dataset."

According to ReverseVision President and CEO John Button, reverse mortgages still suffer from a poor reputation despite the fact that the causes are long resolved with a HECM program that is safer than ever. "We expect the MortgageSAT survey results, including borrower comments, will shed light on the fact that reverse borrowers are thoughtful people who are planning for their financial futures," said Button. "The vast majority of them are very happy with both the process and the loan product."

With the MortgageSAT program, ReverseVision customers will be able to survey every borrower within 24 hours of loan closing. Direct, instant borrower feedback, along with deep insights into the loan process and the people involved, will enable lenders to pinpoint sources of borrower dissatisfaction and quickly take corrective action. MortgageSAT will provide individual scores for each participant in the HECM process (e.g., counselor, loan officer or broker, processor, underwriter and closer) and measure the borrower's perception of the entire experience with analysis by region, branch and individual employee.

"We're eager to give reverse lenders the ability to understand what's working and what's not working in their origination process," said Seminari. "MortgageSAT's value for lenders includes its ability to deliver actionable insights for mortgage leaders and coaching moments for employees."

About STRATMOR Group:

STRATMOR Group is a leading mortgage industry advisory firm that provides a range of programs and services designed to counsel lender CEOs and senior executives. STRATMOR serves more than 250 companies annually, providing strategies that increase growth and improve profitability in sales, marketing, technology, operations and mergers and acquisitions using comprehensive, propriety data and key insights gained through extensive experience in the mortgage industry. The company is well known for its financial models and its collaboration with the Mortgage Bankers Association in the PGR: MBA and STRATMOR Peer Group Roundtables program. Find out more about STRATMOR on its website at https://www.stratmorgroup.com/.

About ReverseVision:

ReverseVision, Inc. 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 three-time 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.

Twitter: @ReverseVision @STRATMORGroup #HECM #MortgageSAT

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Business, Free News Articles, Software

ReverseVision Expands Support for Proprietary Reverse Mortgage Products

SAN DIEGO, Calif. -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that it is offering a combination of enhanced software functionality and professional services to help mortgage lenders launch proprietary reverse mortgage products.

ReverseVision's release of enhanced proprietary product support comes in response to an uptick in lender interest in proprietary reverse products following last October's changes to the HECM program by the U.S. Department of Housing and Urban Development (HUD).

"In the current market, well over nine out of 10 reverse mortgages are HUD-insured HECMs, which leaves a lot of room for growth in proprietary products," said Wendy Peel, vice president of sales and marketing at ReverseVision. "After several consecutive years of responding to HECM program changes, lenders are eager for an opportunity to stabilize their operations and fill borrower needs not addressed by the HECM program. The double-digit growth we're currently witnessing in the proprietary products niche of senior lending closely resembles the trajectory of non-QM lending in the traditional mortgage space."

ReverseVision says innovative lenders are reinvigorating their reverse mortgage businesses by developing counterparts to forward proprietary loan programs that target gaps in the market. For instance, though HECMs allow senior homeowners to tap into their home equity wealth at very low cost over the long term, upfront fees can be prohibitive - especially since October 2017 regulatory changes. Proprietary reverse mortgages can help seniors secure a reverse mortgage loan with lower upfront costs.

Proprietary reverse mortgages can expand access to home equity for seniors with home values much greater than the HECM maximum claim amount of $679,650. Proprietary products also have more flexibility for condominiums than HECMs and provide opportunities to lend to borrowers younger than HECM's minimum age of 62. Designers of proprietary reverse mortgages have even begun adding options like monthly term payments to their products.

"We've designed our system for flexibility so that we can configure almost any proprietary product without a major software release," said Jeff Birdsell, vice president of professional services at ReverseVision.

The lender process for submitting a new proprietary product to ReverseVision is simple. Once a lender has designed a proprietary product and its accompanying document package, the lender need only submit a completed proprietary products questionnaire to ReverseVision to initiate the setup.

Once the proprietary product and associated documents have been configured within ReverseVision's flagship RV Exchange (RVX) loan origination system - a process that takes an average of eight to ten weeks, soup to nuts - lenders gain full transparency into the product setup and can even change certain settings, such as product names and lender margins, at will. A support staff that specializes in assisting lenders with proprietary products is available to perform more complex adjustments and answer customer inquiries.

"Pioneering proprietary products have the potential to elevate reverse mortgages beyond the complexities, caps and limitations of HUD's HECM program," said Birdsell. "They'll also create some stability in the industry where sudden government changes to the HECM program have sent reverse lenders into emergency response mode. These new products could also drive loan production by competing more directly with traditional loans and serving a broader range of customer needs."

If you are interested in creating a proprietary product, please contact ReverseVision at proservices@reversevision.com.

About ReverseVision:

ReverseVision, Inc. 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 three-time 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/.

Twitter: @ReverseVision #reversemortgage #proprietaryloans

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Awards and Honors, Business, Free News Articles

ReverseVision Product Manager Jason Price Named a 2018 HousingWire Rising Star

SAN DIEGO, Calif. -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that Product Manager Jason Price has been recognized by HousingWire as a 2018 Rising Star. Price received the award in recognition of his extensive contributions to ReverseVision and for his role in developing innovative, technology-based solutions that have benefitted the HECM industry at large.

Now in its fifth year, HousingWire's Rising Stars(TM) award program recognizes housing economy professionals under 40 who have proven themselves as leaders and innovators. Honorees come from every space in the mortgage sector and are chosen by HousingWire editors for demonstrated excellence and for driving markets forward in their respective fields.

"Jason's unique perspective enables him to diagnose industry challenges and develop innovative solutions that impact the way the industry thinks about HECM lending," said John Button, president and CEO of ReverseVision. "He has demonstrated tremendous leadership in charting the course of ReverseVision's product development. His recognition as a HousingWire Rising Star is well deserved."

The list of Price's technological contributions to ReverseVision and HECM technology is long. Most notably, Price innovated a calculator tool for RV Sales Accelerator (RVSA) that allows lenders to visually model the financial impact of HECMs on the retirement portfolios of well-funded borrowers. The 'show, don't tell' approach embodied by the calculator tool has been a major turning point in the industry-wide effort to shift perceptions of the HECM loan from a needs-based product to a wealth management solution.

"This year's class of Rising Stars represents the best in young leadership within the mortgage finance arena," said Caroline Basile, HousingWire's online editor and member of the selection committee. "I'm impressed by the achievements of this year's winners and look forward to seeing what each of them accomplishes in the mortgage and housing finance economy in the future."

Price is profiled in the June issue of HousingWire magazine. To view the full list of 2018 HW Rising Stars(TM) honorees, visit https://www.housingwire.com/articles/43468-housingwires-class-of-2018-rising-stars/.

About ReverseVision:

ReverseVision, Inc. 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 three-time 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 HousingWire:

HousingWire is 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, 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.

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Alliances and Partnerships, Business, Free News Articles, Software

ReverseVision and Allegiant Reverse Services Partner to Simplify Title Ordering for HECM Loans

SAN DIEGO, Calif. -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced a partnership with Allegiant Reverse Services (ARS), a full-service title and settlement company with an exclusive focus on reverse mortgage closings. The integration of ARS' Order Source order management system with ReverseVision's RV Exchange (RVX) loan origination system (LOS) enables ARS settlement agents to place title orders and track files directly from the RVX platform.

Used by all 10 of the top-ten HECM lenders, RVX provides a central point of access for participants in the HECM financing process to securely view loan information, share documents and communicate throughout the lending process. RVX reduces the incidence of document errors, strengthens information security and expedites time-to-close by making the tools for the entire HECM lifecycle accessible through a single portal - from point of sale to post-closing and secondary marketing.

Roseville, California-based ARS is a division of both FNC Title of California and FNC Title Services, LLC. Together, FNC and ARS are the most dominant title companies in the HECM industry.

"Integrating ARS' order management system into RVX enables settlement agents to place orders, review documents and securely communicate about the closing process without having to log in to a separate website and rekey data," said ReverseVision Vice President of Sales and Marketing Wendy Peel. "We are pleased to play a role in facilitating an enhanced HECM borrowing experience for ARS and its customers."

"Our partnership with ReverseVision supports ARS' ongoing effort to provide exceptional efficiency of service," said Megan Hafenstein, vice president at ARS. "Now, ARS customers can reap the benefits of a more cohesive and simplified HECM process by placing orders and managing documents directly within RVX."

About Allegiant Reverse Services:

Allegiant Reverse Services (ARS) is a full-service title and settlement company dedicated to nationwide reverse mortgage closings. ARS is a division of FNC Title Services, LLC, which is headquartered in Rockville, Maryland. Over the years, the ARS team has advocated for the reverse mortgage industry in a highly proactive way, providing education and training for lenders and brokers while efficiently handling the transactions of senior borrowers. As a result, the team has earned superior trust and established a network of strong connections throughout the United States. To learn more about ARS please visit http://www.allegiantreverse.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 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 three-time 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/.

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Advertising and Marketing, Awards and Honors, Business, Free News Articles

ReverseVision Vice President of Sales and Marketing Wendy Peel Honored with MBA Insights 2018 Tech All-Star

SAN DIEGO, Calif. -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, announced today that Vice President of Sales and Marketing Wendy Peel has been honored with the MBA Insights 2018 Tech All-Star Award.

Peel accepted her award this morning during the opening session of the Mortgage Bankers Association's Technology Solutions Conference & Expo 2018 in Detroit. This is the seventeenth year the MBA has recognized outstanding leaders in mortgage technology with its Tech All-Star Award. Peel, who was also recently named a HousingWire Woman of Influence and one of Mortgage Professional America's Hot 100, was recognized not only for her contributions to ReverseVision's growth and success as a provider of HECM technology, but also for her profound impact on the mortgage industry as a whole as a driving force behind the "normalization" of HECM loans.

"Long misunderstood and underappreciated, the HECM has finally come into its own as a loan product that enables lenders to optimally serve seniors' home-equity needs," said ReverseVision President and CEO John Button. "By emphasizing lender and borrower education, Wendy has changed hearts and minds when it comes to HECM lending, increasing adoption of ReverseVision technology and benefitting the mortgage industry at large."

Under Peel's tenure, more than 2,500 lenders and brokers joined ReverseVision's RV Exchange (RVX) platform, which now serves all 10 of the top-10 HECM lenders and has more than 10,000 active users. In 2016, Peel launched ReverseVision's inaugural user conference, RV UserCon. The third annual RV UserCon, which took place this past February, was a sold-out event attended by more than 80 companies.

"My job is bigger than simply leading the sales and marketing efforts of ReverseVision," said Peel. "I've made it a priority to right the reputation of the HECM and encourage mortgage lenders of every stripe to add HECMs to their product mix in order to serve the generational mortgage needs of the full spectrum of homeowners. I am honored to be recognized for this work among such a prestigious group of industry peers."

About ReverseVision:

ReverseVision, Inc. 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 three-time HousingWire TECH10o(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/.

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Awards and Honors, Business, Free News Articles

HousingWire Names ReverseVision to Its TECH100 List of Housing’s Most Innovative Tech Companies for a Third Year

SAN DIEGO, Calif. -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced it has been named to HousingWire's HW Tech100(TM) list of innovative housing technology companies for a third time. Previously recognized in 2015 and 2017, ReverseVision is the only provider of Home Equity Conversion Mortgage (HECM) technology to receive this distinction.

Now in its fifth year, the HW Tech100 recognizes the most innovative technology companies in U.S. real estate, mortgage lending, mortgage servicing and investments. HousingWire received hundreds of applicants for the 2018 awards program. Of the 100 companies HousingWire recognized this year, more than half are new to the list.

"It's an honor for ReverseVision to be recognized among HousingWire's Tech100 for a third time - particularly in a year when so many coveted spots on the list went to industry newcomers," said John Button, president and CEO of ReverseVision. "This award is a testament to ReverseVision's ongoing commitment to bringing innovation solutions to the HECM space."

"The number of fintech companies serving the mortgage industry has exploded over the last several years - making the choice of just 100 companies this year very difficult," said HousingWire Magazine Editor Sarah Wheeler. "Companies in the 2018 Tech100 represent the leading edge of solutions and services that will propel mortgage companies toward success."

For a full list of honorees, see the April issue of HousingWire magazine or visit https://www.housingwire.com/articles/42985-the-2018-hw-tech100.

About ReverseVision:
ReverseVision, Inc. 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 three-time 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 HousingWire:

HousingWire is 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, 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.

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Business, Free News Articles, Software

ReverseVision’s Sold-Out Third Annual User Conference Equips New and Experienced HECM Lenders with Data-Driven Insights

SAN DIEGO, Calif. -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, attracted a record crowd of industry newcomers to its third annual user conference February 6-8 at the Kona Kai Resort and Spa in San Diego.

More than 80 companies attended ReverseVision's User Con 2018 event, which garnered increased attendance by "new to the industry" participants seeking to bolster their book of business with HECMs and related products.

The conference's opening session, dubbed "Generational Lending," was designed specifically for these industry newcomers. After debunking the common myths that still plague HECM lending, the session showed how HECM products help lenders grow long-term customer relationships by rounding out a portfolio of products relevant to each stage of the customer's life. Registration for this year's Generational Lending session more than tripled that of the previous year and included representatives from depository banks looking to learn more about the HECM product.

Other conference sessions covered a variety of subjects geared toward strengthening attendees' HECM lending endeavors in 2018, including industry outlook, compliance, security, sales strategies and ReverseVision technology.

One of the top-rated conference sessions was delivered by Jim Cameron, senior partner at mortgage industry advisory firm STRATMOR Group. Cameron shared exclusive data insights comparing today's forward and reverse lending markets and highlighting the opportunity represented by the millions of Baby Boomers who will reach the age of HECM qualification in the coming years. In addition, Cameron's findings shed light on the number of borrowers over 62 that could have benefitted from a HECM had it been offered as a loan option.

"RV User Con is a game changer for UNMB's reverse mortgage business. Sponsoring this year's conference gave us the valuable opportunity to get in front of potential job candidates and network with our peers in the industry," said Elly Johnson, COO and Vice President of reverse lending for United Northern Mortgage Bankers (UNMB). "We were pleased with both the turnout and the informative conference content, which left us with a greater understanding of ReverseVision's products as well as industry trends and expectations."

Johnson shared her expertise with User Con attendees in a panel session on modeling and selling HECM purchase loans and proprietary reverse mortgage products. UNMB was also featured in the conference's open General Lending session.

Also very popular among attendees was a special session led by Bob Massi, owner of Massi and Massi Attorneys at Law and better known to many as "The Property Man" on Fox News. Massi painted a compelling portrait of Baby Boomer homeowners and supplied session participants with specialized guidance on how to approach this unique and growing demographic about HECM loans. Following Massi's session, a panel of experts discussed proprietary products and why lenders might find them an attractive alternative for some of their more unique borrowers.

"ReverseVision was honored to welcome many new faces to our third annual conference," said Wendy Peel, vice president of sales and marketing for ReverseVision. "We are proud to equip new and experienced HECM originators alike with the sales tools and holistic strategies they need to maximize their HECM business and keep customers for life."

ReverseVision has already begun planning its next user conference, which will return to San Diego in 2019. Early registration is recommended to secure attendance.

Attendees and ReverseVision customers are encouraged to view handouts from this year's conference by visiting https://www.reversevision.com/handouts.

About ReverseVision:
ReverseVision, Inc. 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.

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