House Financial Services Committee approves Housing Stabilization Act

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 maintained in-house. The company began operations in 2007, with a full servicing, subservicing, technology and consulting menu for the reverse mortgage market. For more information, visit www.rmsnav.com.