RMS releases new reverse mortgage loan origination systemMortgagePress.comInternet-based ASP, remote usage, technology
Reverse Mortgage Solutions
(RMS) has rolled out their RM Compass Loan Origination System,
which is a front end system built to meet the needs of established
reverse mortgage providers and to give new players a simpler entry
into the business.
RM Compass is in early use by two reverse mortgage companies
with several set to follow shortly. The new system is configured as
an Internet-based ASP (Application Service Provider) and can also
be licensed for remote usage with all operational software
The company began operations in 2007, with a full servicing,
subservicing, technology and consulting menu for the reverse
For more information, visit www.rmsnav.com.