ReverseVision, Inc. announced on Friday the addition of Landmark Network’s appraisal services to its Reverse Loan Origination System (RLOS) platform.
The RLOS platform offers a library of integrated services meant to streamline the reverse lending process. With the addition of Landmark Network’s appraisal service, ReverseVision users are now able to order an appraisal with the click of a button.
Through the service integration, once appraisal orders are placed, the loan record is automatically updated with details from Landmark as the appraisal is being processed. This integration can play an important role in supporting compliant reverse lending processes, Landmark says.
“Being able to order an appraisal from us, and then have the status and results automatically feedback into ReverseVision is a powerful tool for our clients,” said Erik Richard, Landmark Network’s Chief Executive Officer, in a statement. “Users will be able to spend more time focusing on core tasks and less time tracking their appraisal submissions.”
Additionally, the integrated appraisal service stores both the final appraisal and the appraisal invoice within ReverseVision.
“Appraisals are a critical element of mortgage finance generally speaking, and especially for reverse mortgages. Landmark is one of the most widely used appraisal services in the reverse mortgage space, and our clients will really benefit from this one-click integration,” said John Button, President and CEO of ReverseVision. “Faster workflow with fewer errors is an excellent benefit to our customers.”
Written by Alyssa Gerace