Users of ReverseVision’s RV Exchange (RVX) reverse mortgage loan origination system will now have expanded real estate tax and flood services at their disposable as a result of a new integration announced this week.
The new services will be provided by LERETA, a national provider of property tax data and flood hazard status information.
RVX users can now request LERETA’s property tax 24-month payment history certificate as well as obtain a flood hazard certificate for their loans within ReverseVision’s loan origination system.
Whether clients are already LERETA customers, or are trying these services for the first time, ReverseVision says the integration can potentially save them time and money on these transactions.
“RVX users can now request quick and accurate flood zone determination and property tax data from LERETA without ever leaving the RVX system, allowing them to originate loans in RVX more efficiently than ever,” said ReverseVision Vice President of Sales and Marketing Wendy Peel in a press release.
Since 1986, LERETA has provided its property tax and hazard insurance data to the mortgage and insurance industries. This week’s integration into the RVX system now broadens LERETA’s presence in the reverse mortgage market.
“LERETA is excited to amplify our involvement in the reverse mortgage space, adding ways in which we can better serve our customers, through this strategic alliance with ReverseVision,” said LERETA Senior Vice President of Sales Richard Yonis in a press release. “ReverseVision mirrors our dedication to innovation and customer service, making this partnership a great fit for our continued growth.”
Written by Jason Oliva