{"id":51949,"date":"2019-09-11T15:21:41","date_gmt":"2019-09-11T19:21:41","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=51949"},"modified":"2019-09-11T15:21:41","modified_gmt":"2019-09-11T19:21:41","slug":"mid-america-mortgage-selects-reversevision-as-technology-partner-to-debut-hecm-and-reverse-products","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/mid-america-mortgage-selects-reversevision-as-technology-partner-to-debut-hecm-and-reverse-products\/","title":{"rendered":"Mid America Mortgage Selects ReverseVision as Technology Partner to Debut HECM and Reverse Products"},"content":{"rendered":"

SAN DIEGO, Calif., Sept. 11, 2019 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that Mid America Mortgage, Inc. (Mid America) has selected its flagship reverse loan origination system (LOS), ReverseVision Exchange (RVX) to support the introduction of HECM and private reverse mortgage products.<\/p>\n

\"ReverseVision\"
\nInstead of developing a proprietary reverse origination solution in-house, as Mid America has done with its forward LOS, the multi-state lender chose to partner with ReverseVision because they are the industry\u2019s foremost experts on reverse mortgage execution and technology development. Utilized by each of the top-ten producing HECM and reverse lenders, RVX\u2019s end-to-end reverse origination platform connects all participants across the reverse mortgage lifecycle, allowing them to exchange information throughout the loan process.<\/p>\n

\u201cMid America has always sought opportunities to establish itself in underserved areas of the market, and reverse mortgages are a prime example,\u201d said Mid America Owner and Chief Executive Officer Jeff Bode. \u201cAdding reverse mortgages to our existing product mix allows us to better cater to the unique financial needs of senior borrowers and foster customer retention by offering financial products relevant to borrowers at every stage in life. Given ReverseVision\u2019s reputation in the reverse mortgage space, we knew the firm was the only partner we could trust to power our reverse division.\u201d<\/p>\n

To foster an informed borrower experience and strengthen customer relationships, Mid America has appointed HECM lending specialists to guide seniors through the HECM lending process, led by Mid America\u2019s newly appointed Director of HECM Lending Dan Barksdale.<\/p>\n

\u201cHaving successfully originated HECMs and reverse mortgages for nearly a decade, I\u2019ve witnessed not only the evolution of the reverse mortgage, but also the positive impact it has had on the lives of the seniors that have taken advantage of this product,\u201d Barksdale said. \u201cWhen Mid America offered me the opportunity to launch its reverse mortgage program, I leapt at the opportunity to do so, and I look forward to leveraging the industry-leading digital mortgage platform Mid America has built \u2013 including RVX \u2013 to deliver this unique financial product to Mid America\u2019s senior-age borrowers.\u201d<\/p>\n

\u201cReverseVision is excited to partner with Mid America as it strives to more fully meet the financial and retirement goals of its senior borrowers,\u201d said ReverseVision Vice President of Sales and Marketing Wendy Peel. \u201cMid America\u2019s entry into the reverse mortgage space provides lenders with an example of how a large, well-established lender can successfully integrate HECM and reverse lines into their existing business model.\u201d<\/p>\n

\"Mid
\nAbout Mid America Mortgage, Inc.<\/strong>
\nMid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation\u2019s leading provider of Section 184 home loans for Native Americans. Learn more at https:\/\/www.midamericamortgage.com\/<\/a>.<\/p>\n

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes. Click n\u2019 Close is Mid America\u2019s ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n\u2019 Close puts keys in the home buyer\u2019s hand in 15 minutes or less. Apply online at https:\/\/clicknclose.com<\/a>.<\/p>\n

Named a 2018 \u201cTop Mortgage Workplaces\u201d winner by Mortgage Professional America and a 2018 \u201cTop Mortgage Employer\u201d by National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https:\/\/www.midamericamortgage.com\/careers\/<\/a>.<\/p>\n

About ReverseVision<\/strong>
\nReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on the home-equity conversion mortgage (HECM) and related reverse mortgage programs. With nearly 10,000 active users, ReverseVision technology is used by 10 out of 10 top reverse mortgage lenders and supports more reverse mortgage transactions than all other systems combined. The company\u2019s comprehensive product suite also includes reverse mortgage 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 reverse mortgage technology to brokers, correspondents, lenders and investors.<\/p>\n

A four-time HousingWire TECH100™ company, ReverseVision has also been recognized in Deloitte\u2019s Technology Fast 500™ listing. The company continues to build on its technology\u2019s pioneering capabilities with frequent enhancements aimed at boosting users\u2019 reverse mortgage volume, workflow efficiency and data analysis capabilities.<\/p>\n

For more information, visit https:\/\/www.reversevision.com\/<\/a>.<\/p>\n

Twitter: @midamericamtge @reversevision #digitalmortgage #HECM<\/p>\n","protected":false},"excerpt":{"rendered":"

SAN DIEGO, Calif., Sept. 11, 2019 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that Mid America Mortgage, Inc. (Mid America) has selected its flagship reverse loan origination system (LOS), ReverseVision Exchange (RVX) to support the introduction of HECM and private reverse mortgage products.<\/p>\n","protected":false},"author":15,"featured_media":28877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,755,1,10,38,10711,78,6,5],"tags":[205,9256,6908],"class_list":["post-51949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-alliances-news","category-business-news","category-california-news","category-finance-news","category-fintech","category-san-diego-news","category-software-news","category-technology-news","tag-depthpr","tag-hecm","tag-reverse-mortgage","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":3864,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/51949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=51949"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/51949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/28877"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=51949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=51949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=51949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}