National reverse mortgage lender Generation Mortgage Company is receiving recognition as a finalist for a Georgia-based technology award through the entry of its nu62 reverse mortgage application.
The 2013 Excalibur Awards, presented by the Technology Association of Georgia, name Generation one of three finalists in the program, with entrants World Financial Group and Mercedes-Benz of Buckhead. The awards required each entrant to present a problem and a solution, and the participants were ranked accordingly.
Generation focused on the challenge of helping seniors understand the options available under a Home Equity Conversion Mortgage with the solution being the company’s nu62 application.
“By using charts and graphs to illustrate different HECM consumption options, our nu62 planning tool arms brokers with the information and visuals they need to explain the value of HECM products in a way that potential borrowers can easily understand,” said Generation’s Chief Information Officer Walt Carter. “The Excalibur Awards look to honor companies with technology-based solutions that address specific issues and generate measurable results. Given the feedback from our existing partners and the addition of 47 new partners since the app’s debut, we felt that nu62 would be a strong contender for an Excalibur Award, and we are proud to be recognized as a finalist and technology leader by TAG.”
The awards competition received more than 100 entry nominations before narrowing the entries into categories and seeking more information including some video demonstrations and interviews with company executives.
“The 2013 Excalibur Awards was our strongest and most competitive program to date,” said TAG President and CEO Tino Mantella. “All of the category finalists presented case studies that were of an award-winning caliber, and given the fierce competition, making it to the final round of judging is a significant achievement. We congratulate Generation on developing such a revolutionary tool as nu62sm and look forward to learning about its continued impact on the company’s business.”
Written by Elizabeth Ecker