July 21st, 2011 | by John | published in News, Reverse Mortgage, Reverse Vision, Warehouse Lines
While certain big banks recently announced they were exiting the reverse mortgage space, UBS says it’s getting back into the business by providing warehouse lines to lenders. The company quietly added its first client in May and is looking for new customers to add to its roster. “We’re looking to add more people and are [...]
June 20th, 2011 | by Elizabeth | published in News, Reverse Mortgage, Servicers, Technology
The Department of Housing and Urban Development sent an email to its HECM business partners last week informing them that servicer training for its Home Equity Reverse Mortgage Information Technology (HERMIT) system will be postponed, again. The postponement is another in a series of delays that have taken place in the development of the technology, which [...]
June 15th, 2011 | by Alyssa | published in Bay Docs, News, Reverse Mortgage, Technology
Bay Docs, Inc., a reverse mortgage document preparation and software provider, recently announced a successful implementation of its Reverse Express product. The product, says Bay Docs, enables Reverse Mortgage USA users to run multiple pre-qualification scenarios, order mortgage application documents, and process and close reverse mortgage loans, including the Federal Housing Administration’s HECM product. John Mitchell, [...]
June 9th, 2011 | by Alyssa | published in News, Reverse Mortgage, Technology
Zillow, a mobile real estate information marketplace provider, has recently launched the Zillow Mortgage Marketplace iPhone App, allowing those shopping for a home to get loan quotes directly to their iPhones. The company says its Mortgage Marketplace App combines personalized loan quotes with advanced calculators and tools to help borrowers understand how much home they can [...]
June 8th, 2011 | by Alyssa | published in Mortgage Cadence, News, Reverse Mortgage
Mortgage Cadence, LLC, is spinning off its compliance, content, and document preparation service, Mortgage Cadence Finale, into a separate entity called Finale Document Services, originally a part of the company’s Enterprise Lending Solutions Orchestrator program. The company’s CEO says the service prepares lenders to be fully compliant, thus reducing risk of loan buy-back requests. Mortgage [...]
May 22nd, 2011 | by John | published in Leads, News, Reverse Mortgage, Technology
Google (NASDAQ:GOOG) took its first step into the mortgage business when it launched a comparison ads program in 2009 and initial results suggest it was a success for advertisers. An independent study from Leads360 showed consumers using Google’s comparison ads converted better than any other lead provider. As a result of its success, the search giant is [...]
