Two recognized operators within the reverse mortgage space, Landmark Network, Inc. and ReverseVision are receiving national recognition for their technology capabilities in the mortgage process.
Eave has been named a finalist in the 15th Annual Mortgage Technology Awards sponsored by Mortgage Technology magazine.
To better serve clients in an industry marked by both regulatory and programmatic changes, Los Angeles-based Landmark acknowledged that it, too, must undergo a shift from simply being an appraisal management company (AMC) to a technology provider as well.
“This transition we’re making as a company is to be a true valuation partner, and as part of that, we are providing technology,” Landmark CEO Erik Richard told RMD. “Many people just see us as an AMC, but the award nomination is a statement that we’re more than that—we’re a tech provider as well.”
The company is nominated under the “Transforming Valuation Award” category in this year’s Mortgage Technology awards for its appraisal management platform, a system that allows lenders to order and manage appraisal processes efficiently via its multi-faceted software. The company’s all-in-one system allows lenders to manage appraisal workflow and manage multiple AMCs without having to log-in to various technologies.
Last year in April, the company expanded its appraisal management offerings when it launched a mobile app to enable appraisers to manage their workflows while on-the-go. But perhaps the most vital of services offered by the platform are its tools to provide oversight regulators are looking for lenders to have, said Richard.
“By bringing our technology to the marketplace, we’re putting our clients in the driver’s seat and saying ‘however you want to run this cycle, or this process, we have a solution,’” Richard said.
In June, fellow nominee in this years tech awards ReverseVision added Landmark’s appraisal services to its flagship RV Exchange lending system in efforts to make ordering an appraisal through the software easier.
Named a finalist in the 2014 Lender’s Choice Award category, ReverseVision provides several business solutions for the reverse mortgage industry, most notably through its RV Exchange (RVX) lending system and RV University online training program.
“Being named a 2014 Lenders’ Choice finalist is a validation of how ReverseVision has modeled its business on serving both its customers and the reverse marketplace,” said ReverseVision President John Button in a written statement. “ReverseVision is and will always be a lender-centric, solution-driven company that is laser-focused on streamlining reverse mortgage lending.”
The Lender’s Choice Award is based on voters’ combined assessment of criteria including customer service, value proposition and overall user experience. Professionals from mortgage lending and servicing companies comprise the participating voters.
“Being recognized by the annual Mortgage Technology Awards is a real achievement, but the Lenders’ Choice Award designation carries special significance since it reflects the voice of the lenders and brokers who use our RVX product,” said ReverseVision Executive Vice President Rob Katz in a statement.
All winners of the 2014 Awards will be announced October 19 at the Mortgage Bankers Association’s Annual National Convention & Expo in Las Vegas.
Written by Jason Oliva