ReverseVision has announced its newest client, Universal Lending Corporation (ULC). The ReverseVision platform streamlines the reverse lending process and creates efficiencies for its users. In fact, the software is an integral part of supporting the origination, processing and closing of reverse mortgage loans for more than 5,000 firms and over 20,000 users.
“I have been involved in all aspects of the Reverse Mortgage industry and was instrumental in working with FHA in their pilot program when the product was brought to the market in 1989,” said Paulette Wisch, vice president and branch manager of ULC. “Universal Lending has always focused on responsible lending practices as we understand the impact we have on our community with every loan we make, and we take that responsibility very seriously. ReverseVision’s platform is an essential tool that makes explaining reverse mortgage loans to the borrower simple and easy to understand which is also very important to us.”
ULC is dedicated to the integrity and financial education of the senior homeowner and their families. With ReverseVision's technology, ULC feels it can ensure borrowers are making well-informed decisions about how a reverse mortgage will positively impact their lives.
“We look forward to working with Universal Lending and empowering their team with tools that make working with borrowers, and originating and funding reverse mortgage loans easy,” said John Button, CEO of ReverseVision. “With over 10,000 people in the US turning 62 every day, their opportunity to expand their business in Denver, and the rest of the country, is sure to see exponential growth in the New Year.”