Reverse Mortgage Lenders, Servicers and Software Providers Prepare for Rate Index Shift

As the timeline for the London Interbank Offered Rate (LIBOR) index’s service as the basis for adjustable-rate reverse mortgages has been considerably shortened after a decision last month by the Government National Mortgage Association (GNMA, or “Ginnie Mae”), the reverse mortgage industry has found itself needing to quickly adapt to the adoption of a new […]

QuantumReverse Adds Document Management to Reverse Mortgage LOS

Web-based reverse mortgage origination platform QuantumReverse has added a document management feature to its offering, in an effort to respond to the growing prevalence of businesses implementing work-from-home policies while maintaining the ability to allow multiple people to work on the same loan at the same time. This is according to an interview with QuantumReverse […]

QuantumReverse Gains Patent as Tech Need Rises for Reverse Mortgages

Web-based reverse mortgage origination platform QuantumReverse has been awarded a new patent for its software’s handling of Financial Assessment (FA) requirements for Home Equity Conversion Mortgage (HECM) loans in its system. The patent, which lists QuantumReverse founder and CEO Thomas Martignoni as its inventor, protects a QuantumReverse product feature which allows its users to accomplish […]