Mortgage Cadence announced it received an investment from Monitor Clipper Partners to expand its product and service offerings on Tuesday.  The company said it will help to expand its product and service offerings through strategic acquisitions and internal initiatives.

Comergence Compliance Monitoring (CCM) announced the release of a new third party originator (TPO) management system that enables wholesale, correspondent and reverse mortgage lenders to oversee and execute all TPO communication and administrative activities through a single electronic portal.
Realm Professional Edition 2.2 provides lenders with the ability to create custom alerts for credit and regulatory risk, electronically [...]

Despite an increase in the number of baby boomers using the internet, reverse mortgage lenders tell RMD finding consumers on the web and converting them into closed loans continues to be a challenge.
Several reports have shown that seniors are turning to the internet more and more for information on a regular basis.  In fact, a [...]

Reverse Fortunes recently announced new improvements to its customer relationship manager (CRM). Created for reverse mortgage lenders, loan officers, and branch managers, RmCRM was born out of the company’s first database add-on for ACT with the specific challenges that users face daily in mind.
While the original add-on provided a turnkey solution for the reverse mortgage originator, Reverse [...]

MRG Document Technologies announced it’s offering reverse mortgage documents in compliance with federal and state regulations for all 50 states.
With the increase in new state laws and regulations governing reverse mortgage lending, MRG said its mortgage documents are designed to carry the compliance burden associated with these consumer protections.

With more and more products being released everyday, IBIS has published a calculator showing the different reverse mortgage options that are available in the marketplace.
According to calculations from IBIS, a 73-year old borrower in a $250,000 home gained $4,803 in initial benefits by having no service fees. Then they gained an additional $4,500 by having [...]

After spending six month analyzing Reverse Fortunes, Security one Lending has entered into a strategic technology relationship with the Redding, CA based customer relationship manager (CRM) provider.
“The ability to offer this technology to our Loan Officers in order to enhance their ability to effectively improve marketing responses, manage their client database, and measure [...]