Skip to main content

ReverseVision Announces Update to Its RV Exchange LOS

NationalMortgageProfessional.com
Mar 09, 2015

ReverseVision has released an update to their RV Exchange LOS that includes all Financial Assessment critical screens and calculations. This release was targeted to meet the U.S. Department of Housing & Urban Development’s (HUD’s) original Financial Assessment (FA) implementation date of March 2.

“There are a series of new screens and features to collect FA-related data elements like Borrower’s Credit, Credit Accounts, Income, Asset Dissipation and Expenses,” said ReverseVision President and CEO John Button.

In addition, a single new results screen brings all the data together for the Underwriter to complete the assessment and calculate the Life Expectancy Set Aside. Updates to the administration and reporting components have also been made.

“All the critical FA features are part of the March 2 release, but we will be delivering more than just these critical features. Additional features that focus on data quality and efficiency, as well as LO-specific tools, will be released by the first week of April,” said Button. “These updates will include capabilities like the ability to import credit report data, assign a credit report to a lender and a Celink export update.”

Published
Mar 09, 2015
More from
Reverse
Reverse Mortgage Funding Files Chapter 11 Bankruptcy

Filing for protection from creditors comes just a day after company laid off 400 employees.

Reverse
Nov 30, 2022
Reverse Mortgage Funding Lays Off 400

Lender cut 80% of staff a week after pausing mortgage originations.

Reverse
Nov 29, 2022
Reverse Mortgage Funding 'Pauses' Originations

Lender tells partners it won't fund loans that haven't already closed.

Reverse
Nov 22, 2022
The Reverse Mortgage Refi Boom Is Over

RMI report shows HECM loans in September at lowest point in 2.5 years.

Reverse
Oct 04, 2022
Stewart Acquires Reverse Mortgage Leader FNC Title Services

Stewart also signed an agreement to acquire FNC Title of California, pending regulatory approval

Reverse
Oct 04, 2022
Open Mortgage Hires New National Director of Reverse Sales

Charith Rodrigo joins company from American Advisors Group.

Career
May 04, 2022