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The Academy of Home Equity In Financial Planning Releases Home Equity Model Language and Guidance for Financial Services Firms
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URBANA-CHAMPAIGN, Ill., Feb. 10, 2021 /PRNewswire/ The Academy for Home Equity in Financial Planning at the University of Illinois at Urbana-Champaign believes that certain retirees can have a more secure retirement when home equity is used prudently. The Academy has just released compliance guidance around home equity and financial planning designed to help financial service companies update their language, policies, and procedures, many of which no longer follow best practices in the industry.
SAN DIEGO, Calif., Jan 14, 2021 (SEND2PRESS NEWSWIRE) ReverseVision®, the leading national provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, today announced it has restructured its technology plans and pricing matrix to ease lenders’ entry into reverse lending and support their success. The restructured technology plans will deliver greater value to lenders and align its product offerings with the company’s overall objective of enabling lenders to adequately serve senior borrowers with all FHA lending programs.
Under the changes, ReverseVision offers a four-tiered pricing model with entry, retail, premium and enterprise plans tailored to meet the needs of common lender profiles. Lenders at every product tier, from entry to enterprise, will be able to qualify borrowers with RV Sales Accelerator’s (RVSA) advanced modeling tools, originate reverse mortgages within RV Exchange (RVX), and measure customer satisfacti
Press release content from Send2Press. The AP news staff was not involved in its creation.
ReverseVision Lowers Lenders’ Costs to Originate Reverse Mortgages with Restructured Technology Plans and Pricing
ReverseVision Inc.January 14, 2021 GMT
SAN DIEGO, Calif., Jan. 14, 2021 (SEND2PRESS NEWSWIRE) ReverseVision®, the leading national provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, today announced it has restructured its technology plans and pricing matrix to ease lenders’ entry into reverse lending and support their success. The restructured technology plans will deliver greater value to lenders and align its product offerings with the company’s overall objective of enabling lenders to adequately serve senior borrowers with all FHA lending programs.
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WASHINGTON, Jan. 14, 2021 /PRNewswire/ Homeowners 62 and older saw their housing wealth grow by 1.6 percent or $121 billion in the third quarter to a record $7.82 trillion from Q2 2020, the National Reverse Mortgage Lenders Association reported today in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.
(PRNewsfoto/National Reverse Mortgage Lenders Association)
The RMMI rose in Q3 2020 to 280.99, another all-time high since the index was first published in 2000. The increase in senior homeowner s wealth was mainly driven by an estimated 1.6 percent or $149 billion increase in senior home values, offset by a 1.6 percent or $28 billion increase in senior-held mortgage debt.