San diego, Calif., (SEND2PRESS NEWSWIRE) – ReverseVision, a respected provider away from app and you will technology towards the opposite financial industry, enjoys forged a collaboration having Skyline Economic Corp. (Skyline Lenders and you may NewLeaf Financing) to help with the brand new lender’s growing reverse financial office with Camper Exchange (RVX) mortgage origination technical and you will Camper University (RVU) studies software.
Among state’s better fifty mortgage lenders and you can a leading national issuer out of Ginnie Mae bonds, Skyline keeps got its start a modest number of FHA-insured household-guarantee sales mortgage loans (HECMs) over the years, generally toward a crossbreed correspondent foundation. Centered on business veteran and you can recently designated Division Vice-president Joe Renner, Skyline became happy to manage is a full-fledged reverse home loan company.
“The house-collateral sales mortgage is sometimes overlooked just like the a practical house-collateral alternative, and it is particularly underutilized as an easy way of purchasing a home. By the expanding our merchandising operate and broadening HECM things to our general station, we can better serve the requirements of Skyline customers,” told you Rinner. “Having the best technical and knowledge from ReverseVision is actually our very own very first step.”
ReverseVision’s RVX functions as a centralized replace, connecting every people throughout the lifecycle regarding a reverse mortgage and you can allowing them to log in to a single program to share records and recommendations for every a portion of the mortgage techniques. The machine encompasses everything from point-of-selling, control and you can underwriting so you’re able to money, post-closing and you may secondary profit.
“ReverseVision was happy to help with a loan provider away from Skyline’s proportions and you will influence for making HECM financing offered to a lot more users,” told you Wendy Peel, vice president out of conversion and you will product sales to own ReverseVision. “Skyline functions as the newest design for how large lenders can also be leverage a professional network off conventional financing officers to produce a flourishing contrary financial line of business.”
ReverseVision offers real time and online knowledge programs due to their RVU education platform, including a around three-big date direction created specifically to assist people for example Skyline which have yet to ascertain her HECM studies accelerate the fresh origination process.
Patrick Trolley, a mortgage planner and you can senior account professional that have Skyline and you can NewLeaf, attended ReverseVision’s accelerated financing founder trained in April. A skilled conventional lender, Tromley had no certain expertise in opposite home loan financing. He subscribed to the education not only to springboard his or her own HECM origination efforts, however, to better help his network from representative customers.
“It actually was a beneficial sense. I learned a lot and you may remaining the education effect confident enough to help you align one or two leads contained in this a week,” said Tromley. “I would recommend that it degree so you’re able to whoever is considering providing for the HECM place.”
Throughout the ReverseVision:
ReverseVision, Inc. is the best software and you may technical vendor toward reverse mortgage industry, offering products focused exclusively toward family-equity sales home loan (HECM) and you can related contrary home loan software. That have nearly ten,000 energetic profiles, ReverseVision technical helps a great deal more contrary financial deals than another solutions mutual. Their total equipment suite also includes reverse home loan conversion process and you can studies units and you may a loyal top-notch characteristics people. ReverseVision lovers with a few of the finest and you will fastest-expanding banking companies, credit unions and you will lending organizations in the us to include the opposite financial technology so you’re able to agents, correspondents, loan providers and dealers.
A great 2017 HousingWire TECH100™ business, ReverseVision has also been approved from inside the Deloitte’s Technical Quick five hundred™ number. ReverseVision’s yearly associate meeting, the sole enjoy of the type in the business, integrates more 2 hundred loan providers, suppliers payday loans Robertsdale and you can educators each year to advance contrary mortgage financing. The business continues to generate into their technology’s groundbreaking prospective with regular upgrades geared towards improving users’ reverse home loan regularity, workflow results and you can study study opportunities.
From the Skyline Mortgage brokers/NewLeaf Lending:
Skyline Monetary Corp. is actually a complete-service, lead lending company based in Calabasas, California. They works because a retail financial within the label regarding Skyline Lenders and is on the wholesale space just like the NewLeaf Financing. Constantly rated among Mortgage Executive Magazine’s most readily useful fifty mortgage companies, Skyline has been in providers for more than three decades. With over forty twigs regarding country and you may nearly 600 group, the company’s objective report is to try to” place the strength of the property home loan in the hands off the consumer, courtesy person commitment, believe and you can our intelligent mortgage system.”