{"id":58351,"date":"2020-04-14T07:00:39","date_gmt":"2020-04-14T11:00:39","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=58351"},"modified":"2020-04-13T18:33:54","modified_gmt":"2020-04-13T22:33:54","slug":"nationwide-equities-taps-reversevision-private-program-support-to-launch-equitypower-private-reverse-mortgage-program","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/nationwide-equities-taps-reversevision-private-program-support-to-launch-equitypower-private-reverse-mortgage-program\/","title":{"rendered":"Nationwide Equities Taps ReverseVision Private Program Support to Launch ‘EquityPower’ Private Reverse Mortgage Program"},"content":{"rendered":"

SAN DIEGO, Calif., April 14, 2020 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, today announced that Nationwide Equities Corporation (Nationwide Equities) has leveraged ReverseVision\u2019s private product support to launch its own private reverse mortgage program, EquityPower.<\/p>\n

\"ReverseVision\"
\nNationwide Equities, a top-reverse mortgage lender that also originates forward conventional loans, developed EquityPower to grow their reverse line of business and provide customers with more dynamic options for tapping home equity.<\/p>\n

\u201cEquityPower offers senior consumers who have high home values, own a condominium or otherwise don\u2019t fit the HECM mold a means to access their home equity on flexible terms best suited to their stage in life,\u201d said Nationwide Equities CEO Paul Lamparillo.<\/p>\n

\u201cWe have a saying here that no good loan should ever hit the wastebasket,\u201d added Nationwide Equities President Glenn Wallace. \u201cThat\u2019s why we offer so many financial products. We are dedicated to helping qualified consumers find the right solution for their homeownership and financial goals.\u201d<\/p>\n

ReverseVision introduced private program support<\/a> \u2013 a combination of enhanced software functionality and professional services \u2013 to help lenders bring private reverse mortgage programs to market in the fall of 2018. Once lenders design a private reverse mortgage program, ReverseVision will enable it and associated documents into the ReverseVision platform. Lenders may change certain settings, such as program names and lender margins, and can perform more complex adjustments with the help of a private product support specialist. Nationwide Equities reports that it took ReverseVision approximately six weeks to configure EquityPower within its platform.<\/p>\n

\u201cNationwide Equities recognizes that every senior borrower\u2019s financial aspirations and homeownership needs can\u2019t fit into the HECM, HELOC or conventional forward mortgage buckets,\u201d said ReverseVision Vice President of Sales and Marketing Wendy Peel. \u201cNationwide has always been market savvy and we commend them for developing solutions for underserved senior homeowners, who collectively hold $7 trillion in home equity.\u201d<\/p>\n

EquityPower is a fixed-rate product that enables borrowers with homes valued at up to $10 million dollars to access their home equity beginning at age 60. Other features that differentiate it from a HECM include lower closing costs and no mortgage insurance requirements. Nationwide Equities offers EquityPower through both its retail and wholesale channels.<\/p>\n

About ReverseVision<\/strong>
\nReverseVision, Inc. is the leading Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology platform, supporting more reverse mortgage transactions than all other systems combined. The company\u2019s comprehensive product suite flexes to lenders\u2019 unique business and operational models, connecting all lending participants across the entire reverse mortgage lifecycle to meet borrowers where they are in life. A five-time HousingWire TECH100™ company, ReverseVision continues to build on its technology\u2019s pioneering capabilities with frequent enhancements.<\/p>\n

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

About Nationwide Equities<\/strong>
\nNationwide Equities is a top-ten reverse mortgage lender with a footprint across 24 states in the U.S. We are also one of the few select lenders that offer their own private reverse mortgage product. By developing individualized financial solutions for the unique needs of each retail branch, wholesale partner, and loan officer, we have built a business model unparalleled in the industry. By developing a strategic alliance with a proven industry leader, you will gain access to a host of benefits and services that make running your business more efficient, but most importantly, more profitable! When you partner with Nationwide Equities, you receive the Best in Price, the Best in Product, and the Best in Service!<\/p>\n

*LOGO link for media: https:\/\/www.Send2Press.com\/300dpi\/19-1029s2p-reversevision-300dpi.jpg<\/a><\/p>\n

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

SAN DIEGO, Calif., April 14, 2020 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, today announced that Nationwide Equities Corporation (Nationwide Equities) has leveraged ReverseVision’s private product support to launch its own private reverse mortgage program, EquityPower.<\/p>\n","protected":false},"author":15,"featured_media":53588,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,1,10,38,559,78],"tags":[205,13149,7005],"class_list":["post-58351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-business-news","category-california-news","category-finance-news","category-products-news","category-san-diego-news","tag-depthpr","tag-equitypower","tag-reverse-mortgage-lender","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":3547,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/58351","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=58351"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/58351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/53588"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=58351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=58351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=58351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}