ReverseVision, Inc. announced an agreement to add Coester VMS’s appraisal services to RV Exchange—ReverseVision’s Reverse Loan Origination System (RLOS) platform. Reverse mortgage lenders use RV Exchange for the full lifecycle of the loan—from initial proposal through application, underwriting, closing and post-closing. When a lender needs to order an appraisal from Coester, they will be able to trigger the request with the click of a button. Not only will Coester receive the request electronically, but as each step of the appraisal process is completed, the loan record in RV Exchange will also be automatically updated.
“The automated process we are introducing with ReverseVision is one of the smartest workflow improvements a reverse lender can employ,” said Brian Coester, CEO of CoesterVMS.
“Coester’s reputation for providing an exceptional service is one of the best in the industry,” said John Button, president and CEO of ReverseVision. “We are excited to empower our clients to easily order and track their appraisals from Coester directly in our platform.”
“We love ReverseVision’s platform, and have trusted Coester for our appraisal services for years,” said Kenneth J. Klawans, president of iReverse Home Loan. “Being able to connect our appraisal orders and get real-time status back in RV Exchange is going to really help our team provide a higher level of customer service to our originators and borrowers.”
The integrated service is expected to be available in April 2014.