Building a Case for Forward Lenders to Embrace Reverse

A major forward-mortgage consulting firm recently took a deep look into the potential diversification through reverse products — and ended up wondering what top players are waiting for. Much like Home Equity Conversion Mortgage originators, forward players are struggling, according to the report from the Greenwood Village, Colo.-based STRATMOR Group: With fixed interest rates on […]

Reverse Mortgage Must-Reads: New Software, Carson Investigation

In case you missed them the first time around, kick off your week with the biggest stories from the week that was in the world of reverse mortgages.  ReverseVision Founder to Launch New Reverse Mortgage Software Platform — Two of the people who were instrumental to the development and marketing of the ReverseVision software platform announced plans […]

ReverseVision Founder to Launch New Reverse Mortgage Software Platform

The original founder and CEO of reverse mortgage origination software platform ReverseVision is reentering the Home Equity Conversion Mortgage market with a new product that is currently in development: QuantumReverse. Thomas Martignoni, who originally introduced the ReverseVision loan origination software in 2003, and Denis Shchasnovich, ReverseVision’s original architect and head of software development, have commenced […]

Fox Business Host: Reverse Mortgage Pitches Need Refining

The reverse mortgage product is still largely misunderstood, and those who market reverse mortgages can use a dose of reality. That’s the message presented by Bob Massi, also known as Fox Business Network’s “Property Man,” who is also a practicing attorney based in Las Vegas. On his show, Massi has covered reverse mortgages on a […]

RMD Review: Updated Reverse Mortgage Book Breaks Down New Landscape

A new book on reverse mortgages seeks to explain the products in an even more concise fashion to average potential borrowers — while also explaining the new reverse mortgage math. Author Dan Hultquist released “Understanding Reverse — 2018” at the start of the new year, providing an update of his regular series of educational books […]

ReverseVision Adds New CTO, VP of Operations

Reverse mortgage software provider ReverseVision on Tuesday announced two key personnel moves ahead of the holiday break, appointing a new chief technology officer and vice president of operations. Jim Magner will join the San Diego-based company as CTO, with a focus on product development, platform operations, and the internal information technology team. He previously served […]

ReverseVision, Premier Reverse Closings Announce Partnership

Two major names in the reverse mortgage industry on Monday announced a partnership designed to streamline the title process. Users of ReverseVision’s software can now access Premier Reverse Closings’ title services directly through the RV Exchange system, the two companies announced in a joint release. “Through our partnership with PRC, RVX users can now easily […]

Reverse Mortgage Software Companies Report 2017 Influx

Companies that provide software services to the reverse mortgage industry have seen a boost in new users so far in 2017, providing an indication that there may be increasing interest in the products from traditional “forward” lenders. The San Diego-based ReverseVision has added just under 500 brokers or new broker companies in 2017, according to […]

Answer to LIBOR Question Written in Reverse Mortgage Notes

When British banking authorities in July announced the eventual death of LIBOR, the reverse mortgage industry was faced with the long-term task of replacing the backbone benchmark for adjustable-rate Home Equity Conversion Mortgages. While much can change between now and LIBOR’s planned trip out to pasture in 2021, the solution to one problem might be […]