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Forward on Reverse ... Harvesting Cash for the Golden Years: To HECM or to HELOC?

National Mortgage Professional
Aug 19, 2004

Mortgage Coach stacks its lineupMortgagePress.comThe Mortgage Coach, loan planning and management, key metrics Mortgage Coach has upgraded its flagship product, The Mortgage Coach Professional. Version 6.1 provides capabilities for loan planning and management, including new methods for capturing and reviewing key metrics. Version 6.1 includes an enhancement of the main page, Mortgage Planner dashboard. It includes a scorecard that pulls information out of the accumulated mortgages and reports, allowing the planners to see how much of their clients' records and savings they have provided. Other enhancements include: a live feed from The Mortgage Market Guide with real-time index updates; a planning section that demonstrates leveraging specific loan strategies that can free up equity to be invested; a new integration partnership that allows a single record or a complete database to be exported from Ellie Mae software into the Mortgage Coach module; upgrades to adjustable-rate mortgages; and a tool for mortgage insurance drop-off times that assists in decision-making related to whether to take mortgage insurance or use piggyback financing. Based in Irvine, Calif., Mortgage Coach supplies software and training to loan professionals. For more information, call (800) 951-2696 or visit www.mortgagecoach.com.
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