SAN DIEGO, Calif., July 13, 2016 (SEND2PRESS NEWSWIRE) — ReverseVision is pleased to announce that Memphis, Tennessee-based Evolve Bank & Trust (Evolve), a full-service commercial bank and mortgage lender serving customers and communities nationwide, has selected RV Exchange (RVX) reverse mortgage loan origination software (LOS).<\/p>\n
![\"Reverse](\"https:\/\/www.send2press.com\/wire\/images\/reverse-vision-600x450.jpg\")
\nEvolve\u2019s reverse mortgage division is co-managed under the guidance of David Brindley and Steven Rosenberg. \u201cWe\u2019re proud to offer Evolve Bank & Trust customers a distinctive selection of mortgage products to address all their financial needs,\u201d said Brindley. \u201cAdding home-equity conversion mortgage, or \u2018HECM,\u2019 loans to the mix allows us to better serve the needs of the growing number of Baby Boomers who are planning for retirement.\u201d<\/p>\n
\u201cEvolve is the ideal choice for homeowners considering a reverse mortgage,\u201d said Rosenberg. \u201cBorrowers can feel confident in the quality of our loan products, and they know they\u2019ll receive the same exceptional service we\u2019ve been delivering to our customers for over 90 years.\u201d<\/p>\n
Evolve selected RVX as its reverse mortgage LOS because of the ease of use and ability to support the entire lifecycle of the HECM loan. \u201cReverseVision Exchange was easy to integrate into our model. It allows us to issue our own closing documents, pay mortgage insurance premiums, schedule and conduct closings \u2014 you name it, we can do it on RVX. From origination to the secondary market, it\u2019s the best system to enhance our growth and implement our marketing strategies,\u201d said Brindley.<\/p>\n
RVX is San Diego, California-based ReverseVision’s flagship product. The LOS serves as a centralized exchange, connecting all participants in the lifecycle of a reverse mortgage by allowing them to log in to a single system to share documents and information for each part of the loan process.<\/p>\n
\u201cWe are delighted to partner with Evolve Bank & Trust as they continue to help more seniors access this unique home-equity solution,\u201d said ReverseVision Vice President of Sales and Marketing Wendy Peel.<\/p>\n
RVX encompasses everything from point-of-sale, processing, underwriting, funding and post-closing to secondary marketing. This central exchange model is unique in the mortgage industry and offers benefits to all parties that include reduced document errors, heightened information security and shorter fulfillment timelines.<\/p>\n
About Evolve Bank & Trust:<\/strong>
\nEstablished in 1925, Evolve Bank & Trust specializes in delivering personalized relationship-based banking and mortgage services. Evolve is a nationwide Preferred SBA lender and also offers trust and fiduciary services, physician lending and equipment finance to its customers throughout the United States. The bank offers a wide array of competitively priced loan and deposit products and services and is actively involved in helping its communities grow. Evolve Bancorp, Inc. is the Arkansas-based holding company of Evolve Bank & Trust.<\/p>\n