SAN DIEGO, Calif., Oct. 19, 2017 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that Norwich Commercial Group, Inc. dba Norcom Mortgage (Norcom) has selected ReverseVision as its provider of choice for end-to-end HECM technology.<\/p>\n
![\"ReverseVision](\"https:\/\/www.send2press.com\/wire\/images\/17-1019-reversevision-norcom-696x522.jpg\" "\\"ReverseVision")
\nIn addition to ReverseVision\u2019s flagship RV Exchange (RVX) loan origination software (LOS), Norcom has deployed RV Database (RVDB), an add-on that enables lenders to create a local \u201cdata warehouse\u201d of pertinent reverse mortgage data, and RV Sales Accelerator (RVSA), a web-based tool that helps loan officers drive HECM loan volume.<\/p>\n
\u201cOver the course of my career, I\u2019ve managed hundreds of HECM transactions using both proprietary and name-brand solutions,\u201d said Pete Mendenhall, Certified Reverse Mortgage Professional (CRMP) and Vice President of HECM Lending for Norcom. \u201cWhat I like about ReverseVision\u2019s technology is that it gives me the ability to manage and oversee everyone who touches the loan and keep them pulling in the same direction. For example, the real-time report in RVSA gives me a birds-eye view of where my prospects are in the origination life cycle with the push of a button.\u201d<\/p>\n
Norcom has also leveraged ReverseVision\u2019s integrations with Velocify\u2019s customer relationship management (CRM) tools and Ellie Mae\u2019s Encompass\u00ae LOS to streamline lead management and loan fulfillment.<\/p>\n
\u201cReverseVision\u2019s integrations deliver a lot of flexibility and time savings,\u201d added Mendenhall. \u201cOur traditional\/forward and HECM teams can easily trade leads with one another. At the same time our HECM loan officers are working in RVX, our operations team \u2014 which is responsible for closing and funding \u2014 can work in Encompass, which they know best, without any balls getting dropped.\u201d<\/p>\n
Founded in 1989, Norcom is a generational lender that has grown rapidly since evolving from a mortgage broker to a mortgage lender in 2005. Working to be licensed in all 50 states, Norcom is currently licensed in 40 U.S. states plus the District of Columbia and Guam. Its team of more than 130 loan officers and 102 third-party originator (TPO) partners offers a 360-degree variety of conventional and specialized loan products, including HECMs and other equity-release programs.<\/p>\n
\u201cOn its own, RVX is powerful origination technology that connects every participant in the lifecycle of a HECM loan \u2014 all the way to the secondary market,\u201d said ReverseVision Vice President of Sales and Marketing Wendy Peel. \u201cWhen supported by ReverseVision\u2019s full product suite, RVX becomes an unstoppable tool for helping lenders like Norcom Mortgage accelerate business and close more loans. We are honored to be Norcom\u2019s provider of choice for reverse mortgage technology, and we look forward to a partnership marked by growth and success.\u201d<\/p>\n
About ReverseVision:<\/strong> A 2017 HousingWire TECH100\u2122 company, ReverseVision has also been recognized in Deloitte\u2019s Technology Fast 500\u2122 listing. ReverseVision\u2019s annual user conference, the only event of its kind in the industry, brings together more than 200 lenders, vendors and educators each year to advance HECM lending. The company continues to build on its technology\u2019s pioneering capabilities with frequent enhancements aimed at boosting users\u2019 HECM volume, workflow efficiency and data analysis capabilities.<\/p>\n
\nReverseVision is the leading provider of technology and training for Home Equity Conversion Mortgage (HECM) origination. With nearly 10,000 active users, ReverseVision technology is used by 10 of the top-ten reverse mortgage lenders and supports more HECM transactions than all other systems combined. The company\u2019s comprehensive product suite also includes HECM sales and education tools and a dedicated professional services team. ReverseVision partners with some of the finest and fastest-growing banks, credit unions and lending organizations in the United States to provide its HECM technology to brokers, correspondents, lenders and investors.<\/p>\n