Technology is becoming increasingly important as companies seek to streamline programs and promote convenience and ease, and Reverse Fortunes is putting technological advances to use in the reverse mortgage services it offers. The company recently rolled out several new features which have been in the pipeline for some time. The most recent is “push” technology [...]

The number of adults using social media sites increased to 65% according to a new survey from the Pew Research Center’s Internet & American Life Project. It’s the first time more than 50% of all adults said they’re sites like Facebook, LinkedIn or MySpace, and a dramatic increase from the first survey in 2005, which [...]

Reverse mortgage subservicer Celink announced Sunday that it has implemented a new, single-point-of-contact module for clients’ borrowers who are in default status on their loans. When a borrower fails to pay his or her taxes and insurance, that person will be placed into default status, at which point Celink’s servicing platform, ReverServ, auto-assigns a company [...]

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 [...]

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 [...]

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, [...]