Denver-based Universal Lending Corporation announced this week it has partnered with ReverseVision as its reverse mortgage origination software platform.
The company, which has long offered reverse mortgages among its loan products, has 33 years in the mortgage lending business and says the partnership with ReverseVision will simplify its lending process.
“I have been involved in all aspects of the Reverse Mortgage industry and was instrumental in working with FHA in their pilot program when the product was brought to the market in 1989,” said Paulette Wisch, vice president and branch manager for Universal Lending Corp. “Universal Lending has always focused on responsible lending practices as we understand the impact we have on our community with every loan we make, and we take that responsibility very seriously. ReverseVision’s platform is an essential tool that makes explaining reverse mortgage loans to the borrower simple and easy to understand, which is also very important to us.”
ReverseVision has recently formed new partnerships with LiveWell Financial and Mason-McDuffie, and now counts more than 5,000 firms among its client base. In addition to its loan origination software platform, ReverseVision recently rolled out its ReverseVision University program for reverse mortgage originators.
The company was acquired last year and has since moved its headquarters from Raleigh, North Carolina to San Diego.
Written by Elizabeth Ecker