Skip to main content

Mid America Mortgage Chooses ReverseVision to Launch Its Reverse Products

NationalMortgageProfessional.com
Sep 13, 2019
Mid America Mortgage Inc. has completed the transition of its servicing operations to its newly-formed in-house Servicing Department

ReverseVision has announced that Mid America Mortgage Inc. has selected its flagship reverse loan origination system (LOS), ReverseVision Exchange (RVX), to support the introduction of HECM and private reverse mortgage products.
Instead of developing a proprietary reverse origination solution in-house, as Mid America has done with its forward LOS, the multi-state lender chose to partner with ReverseVision because they are the industry’s foremost experts on reverse mortgage execution and technology development. Utilized by each of the top-10 producing HECM and reverse lenders, RVX’s end-to-end reverse origination platform connects all participants across the reverse mortgage lifecycle, allowing them to exchange information throughout the loan process.
 
ReverseVision has announced that Mid America Mortgage Inc. has selected its flagship reverse loan origination system (LOS), ReverseVision Exchange (RVX), to support the introduction of HECM and private reverse mortgage products“Mid America has always sought opportunities to establish itself in underserved areas of the market, and reverse mortgages are a prime example,” said Mid America Owner and Chief Executive Officer Jeff Bode. “Adding reverse mortgages to our existing product mix allows us to better cater to the unique financial needs of senior borrowers and foster customer retention by offering financial products relevant to borrowers at every stage in life. Given ReverseVision’s reputation in the reverse mortgage space, we knew the firm was the only partner we could trust to power our reverse division.”
 
To foster an informed borrower experience and strengthen customer relationships, Mid America has appointed HECM lending specialists to guide seniors through the HECM lending process, led by Mid America’s newly appointed Director of HECM Lending Dan Barksdale.
 
“Having successfully originated HECMs and reverse mortgages for nearly a decade, I’ve witnessed not only the evolution of the reverse mortgage, but also the positive impact it has had on the lives of the seniors that have taken advantage of this product,” Barksdale said. “When Mid America offered me the opportunity to launch its reverse mortgage program, I leapt at the opportunity to do so, and I look forward to leveraging the industry-leading digital mortgage platform Mid America has built–including RVX–to deliver this unique financial product to Mid America’s senior-age borrowers.”

 
Published
Sep 13, 2019
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