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Reverse Mortgage Servicer Sees Front-End Opportunity.(Brief article)
Philadelphia -- Reverse Mortgage Solutions, Spring, Texas, has come of age just as the leading edge of the 80-million-member baby-boom generation enters their twilight years.
A startup just one year ago, the multifaceted company has built a servicing portfolio of 8,000 loans in its first year of operations, and is on schedule to be administering 20,000 loans by the end of 2008, even if it adds no more clients.
Now RMS plans to expand its operations as a technology systems provider. Scheduled for deployment later in the spring, RMS will rollout a front-end reverse mortgage origination system it has dubbed RM Compass.
"It's fully integrated with the servicing components in what we think is a better solution than what has been out there," chief operating officer Marc Helm said at the National Reverse Mortgage Lenders Association's Eastern regional conference here.
"We have had the opportunity to stand back, look at the industry and build a state-of-the-art, integrated origination system and servicing system ...
- RM Compass to offer First American reverse-mortgage services.(TechNewz)(Reverse...
- Magazine article from: Mortgage Banking January 1, 2009 700+ words
...Corporation's reverse-mortgage packages...into its RM Compass [R] loan...American's reverse-mortgage document...through the RM Compass Web application...platform." RM Compass users can order reverse-mortgage application...
- Reverse Mortgage Servicer Sees Front-End Opportunity.
- News wire article from: Mortgage Line May 21, 2008 700+ words
...rollout a front-end reverse mortgage origination system it has dubbed RM Compass. "It's fully integrated...Helm said at the National Reverse Mortgage Lenders Association...system from scratch." RM Compass, due to go live in May...
- Texas May Allow Reverse Mortgage Lending.
- Magazine article from: National Mortgage News Harmon, Jennifer March 28, 2005 700+ words
...Constitution in order to authorize reverse mortgage lines of credit. According to Scott...president of the Texas Association of Reverse Mortgage Lenders here, senior homeowners are...offered in every other state. "If reverse mortgage lines of credit become a reality...
- Nuts and bolts of reverse-mortgage lending: borrowers, lenders, servicers and...
- Magazine article from: Mortgage Banking Neill, Lorna M. Kaplan, Steven May 1, 2007 700+ words
...HECMs)--more than 90 percent of reverse-mortgage loans made--surged by nearly 80 percent...Last year, at least one leading reverse-mortgage lender saw its reverse-mortgage dollar volume more than double...
- Exploring the Unknown Reverse Mortgage Space: As more lenders look to enter the...
- News wire article from: Mortgage Line Peskin, David December 12, 2007 700+ words
...business, successfully managing a reverse mortgage business can be a challenging undertaking...the technology marketplace for the reverse mortgage sector is like the industry itself...vast differences in the forward and reverse mortgage origination process, attempting to...
- Exchanging equity for income: the reverse mortgage.(REAL ESTATE)
- Magazine article from: The Business Owner March 1, 2007 700+ words
A reverse mortgage is a special type of loan used...in their homes into cash. The reverse mortgage is aptly named because the payment...the borrower. The money from a reverse mortgage can be used for ANYTHING from daily...
- Reverse Mortgage of America Introduces Reverse Mortgage Checking.
- Press release article from: Business Wire February 21, 2007 700+ words
Reverse Mortgage of America Offers QuickChecks(SM) Credit Line...can now gain quick and convenient access to their reverse mortgage funds through QuickChecks(SM) reverse mortgage checking, a new product introduced by Reverse...
- Reverse Mortgage Adviser Verifies Homeowners Using TARGUSinfo.
- News wire article from: PRWeb July 13, 2009 700+ words
...there were more than 100,000 reverse mortgage loans approved in 2008. A reverse mortgage is a type of home loan for homeowners...their principal residence. Today, Reverse Mortgage Adviser (www.ReverseMortgageAdviser...
