Reverse mortgage technology executive Wendy Peel was honored this week by the Mortgage Bankers Association with its 2018 Tech All-Star Award. Peel, who serves as vice president of sales and marketing for national software provider ReverseVision, accepted the award Monday during the MBA’s annual Technology Solutions Conference & Expo in Detroit. It is the 17th year MBA has awarded this honor.
The national recognition served as a nod to not only to the growth of the software platform but also to the “normalization” of Home Equity Conversion Mortgage loans.
“My job is bigger than simply leading the sales and marketing efforts of ReverseVision,” Peel said in a press release. “I’ve made it a priority to right the reputation of the HECM and encourage mortgage lenders of every stripe to add HECMs to their product mix in order to serve the generational mortgage needs of the full spectrum of homeowners. I am honored to be recognized for this work among such a prestigious group of industry peers.”
Under Peel’s tenure, ReverseVision has added more than 2,500 lenders and brokers to its platform, which now serves more than 10,000 active users. She was integral to the launch of the company’s annual user conference, RV UserCon, which held its third meeting this February, and has driven change across the industry, said ReverseVision’s CEO John Button.
“Long misunderstood and under-appreciated, the HECM has finally come into its own as a loan product that enables lenders to optimally serve seniors’ home-equity needs,” Button said. “By emphasizing lender and borrower education, Wendy has changed hearts and minds when it comes to HECM lending, increasing adoption of ReverseVision technology and benefitting the mortgage industry at large.”
Written by Elizabeth Ecker