Skip to main content

ReverseVision Names Matthew Shaffer Business Development Manager

NationalMortgageProfessional.com
Sep 17, 2015
ReverseVision has forged a partnership with Premier Reverse Closings (PRC), a title and settlement firm specializing in reverse mortgage closings

ReverseVision has announced it has brought experienced mortgage professional and technology sales strategist Matthew Shaffer on board as business development manager. Shaffer joins ReverseVision from Ariba Inc., where his role included connecting Fortune 500 businesses with technology-enabled revenue growth strategies. Previously, he served as operations manager with The Mortgage Company, and vice president of operations with Colony Mortgage, both Connecticut-based mortgage lenders. 

In an earlier role, Shaffer served as business development manager with Marketplace Mortgage. He was also an account executive with Pennsylvania-based closing services provider ATM Corp. of America where he managed implementation and product interfaces for title, appraisal and closings with some of the largest banking institutions in the United States. Shaffer was also a closing officer with Pennsylvania-based Penn Suburban Abstract, a title insurance and settlement services provider. 

“The single greatest barrier to unlocking the business potential of reverse mortgages is the need for education so that the Home Equity Conversion Mortgage is used as it was intended to allow retirement age responsible borrowers to age in place, while also using the equity in their home as a powerful piece in their overall retirement cash flow strategy,” said Shaffer. “From my experience in mortgage lending operations and in technology integration, when education is the challenge, there’s only one thing to do and that is to become an educator. That’s my strategy in a nutshell.”

According to Shaffer, his immediate goal is to educate banks and community-based financial institutions about how HUD’s Financial Assessment (FA) requirement with other updated HECM guidelines that minimizes reverse mortgage lending reputational risk.

“We are impressed with Matt’s strategies for bridging the concerns and aspirations of mortgage lenders with viable solutions by beginning with education specifically with banks and credit unions,” said ReverseVision Vice President of Sales and Marketing Wendy Peel. “Large parts of the eligible marketplace, comprised of homeowners age 62 and older that either own outright or have a high percentage of equity in their home, can benefit from a reverse mortgage, and FA gives lenders guidelines that will help identify the best candidates. It is also the responsibility of lending institutions to ensure they are offering their customers every possible option in order to keep them as a valued customer under their umbrella of products and services.”

Published
Sep 17, 2015
More from
Reverse
HECM Endorsements Plummet More Than 14 Percent

Home equity conversion mortgage endorsements plummeted 14.3% in August 2021 to 3,679 loans.

Reverse
Sep 14, 2021
Reverse Mortgages Aren't Expanding Into Broader Mortgage Business

The reverse mortgage sector has remained strong accounting for more than 4,000 loans a month, according to Reverse Mortgage Daily, however, growing the business further has been on the back burner.

Reverse
Jul 28, 2021
FHA Adds COVID-19 Recovery Options For Forward And Reverse Borrowers

The Federal Housing Administration announced additional COVID-19 recovery options to help both forward and reverse homeowners who are facing hardships as a result of the pandemic.

FHA
Jul 26, 2021
RMF Revamps Its Borrower Qualification Process To Increase Efficiency

Reverse Mortgage Funding, LLC (RMF) is taking a new approach to the borrower qualification process for those seeking a reverse mortgage. The process was created to drive efficiency during the approval process and increase reverse mortgage market growth.

Reverse
Jul 20, 2021
Reverse Mortgage Endorsements Slide By More Than 4 Percent In June

Reverse mortgage endorsements decline by 4.4% to 4,160 loans, increasing the streak of more than 4,000 loans per month, according to Reverse Mortgage Daily.

Reverse
Jul 06, 2021
Liberty Reverse Mortgage Becomes Full Service Reverse Lender Following RMS Acquisition

Last week Ocwen Financial Services announced the acquisition of Reverse Mortgage Solutions. In a recent interview with Reverse Mortgage Daily, Mike Kent shared how the acquisition will affect the company.

Reverse
Jun 22, 2021