Reverse mortgage consulting company Wendover Consulting is teaming up with mortgage tech company Portfolio 360 to offer new valuation and due-diligence services to lenders.
The strategic marketing alliance will allow Greensboro, N.C.-based Wendover to provide the new services through P360’s “Mosaic” platform. Wendover supplies a direct sales channel for all due-diligence reviews for HMBS sales, loan servicing rights, and mergers and acquisitions to the industry through that platform.
“I am excited to bring P360’s expertise to the reverse mortgage industry,” said Jeff Taylor, Wendover president. “With the current market dynamics and HECM loan servicing acquisitions and transfers, P360’s services will be welcomed to support ongoing sales, mergers and acquisitions.”
P360 works nationally to provided data and analytics services to mortgage banking companies including investment banks, lenders, servicers and credit unions. It’s Mosaic platform aggregates loan data and documents to provide a comprehensive view across loan portfolios.
“We look forward to uniting our Mosaic sophistication with Wendover’s industry and product knowledge in reverse mortgages,” P360 VP Business Development Kara Harrington said in a press release, noting the company’s efforts toward accessibility in mortgage markets.
Written by Elizabeth Ecker