ReverseVision Announces Credit Report Integration with CBCInnovis

RV Exchange's newest integration allows users to automatically import credit data into the Financial Assessment module and streamline workflow

| From
Photo: mortgage technology

SAN DIEGO, Calif., Aug. 21, 2015 (SEND2PRESS NEWSWIRE) -- ReverseVision, Inc. ( today announced their newest credit report partnership with CBCInnovis, a leading provider of credit and risk management solutions headquartered in Columbus, Ohio. This integration within RV Exchange (RVX), ReverseVision's flagship reverse loan origination system (RLOS) platform, increases RVX users' choice of automated credit report services.

Reverse mortgage lenders use RVX for the full lifecycle of the loan-from initial proposal through application, underwriting, closing and post-closing. Now, with Financial Assessment (FA) in place, each borrower will need to show a general credit standing of satisfactory. Credit may be used as an indicator the borrower has the ability to pay taxes and insurance on their property. Otherwise a Life Expectancy Set Aside (LESA) may need to be established for their loan. This change in policy, very similar to what is standard with a forward loan, makes the reverse loan more secure for both the borrower and the investor.

"Partnering with ReverseVision will greatly assist our clients as they adapt to the new FA requirements and help them expedite loans more efficiently by having our credit reports automatically populate within their loan applications," said Reno D'Water, Interface Account Manager for CBCInnovis.

The CBCInnovis interface is available to all RVX users who set up an account with the provider. This functionality will allow users to pull borrower's credit reports from CBCInnovis and have the data automatically populate into the credit report fields.

"CBCInnovis' proven experience, innovative technology and diverse portfolio of solutions makes them a trusted resource and excellent addition to our vendor services," said president and CEO of ReverseVision John Button.

"This is just another excellent example of how RVX is streamlining workflow for our users and improving efficiencies through our technology," said Gregg Holsapple, ReverseVision Product Manager.

About ReverseVision:

ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision's RV Exchange platform than all other systems combined. ReverseVision has partnered with some of the finest and fastest growing lending organizations in the US to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors. ReverseVision is recognized as a driving innovator in the reverse mortgage industry. ReverseVision continues to improve their software with frequent new innovations building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process. More information:

About CBCInnovis:

CBCInnovis offers a diverse portfolio of innovative, technology-driven mortgage lending support solutions to the financial services industry. For more than 65 years, CBCInnovis' customized, integrated services have helped lenders make sound decisions, streamline processes, reduce risk, and maximize business performance. For more information, please contact us at 877-284-8322 or visit our website at

News Source:
For more information regarding this press release, please visit:
Like, Share, Save this press release:
  TWEET   SHARE   G+   PIN IT   STUMBLE   LinkedIn   Instapaper   Buffer

Shortlink to this press release:
The content of the above press release was provided by the “news source” (ReverseVision, Inc.) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2015 ReverseVision, Inc. with newswire version Copr. © 2015 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 27 2016:
[ count retired 8.4.16 ]

back to top
REFERENCES: mortgage technology, CBCInnovis, Gregg Holsapple, reverse vision, loan origination system, SaaS, cloud, RVX, news, press release from ReverseVision, Inc., Aug 21, 2015, Banking and Finance, Computing, Technology, San Diego, California, ReverseVision Announces Credit Report Integration with CBCInnovis