SAN DIEGO, Calif. /California Newswire/ — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, is pleased to announce that it will be an exhibitor at the EMERGE: Consumer Financial Health Forum being held June 15-17 at the historic Roosevelt Hotel in New Orleans, Louisiana. ReverseVision will partner with fellow EMERGE exhibitor Open Mortgage to present an interactive and educational experience at booth #107. Open Mortgage is a Texas-based mortgage lender that has originated home-equity conversion mortgage (HECM) loans since 2010.
Offered by American Banker and the Center for Financial Services Innovation (CFSI), EMERGE is an opportunity for banks, credit unions and other financial services providers to explore responsible and competitive strategies for improving both consumer financial health and their bottom lines. The ReverseVision/Open Mortgage exhibit will invite attendees to test their awareness and understanding of the HECM reverse mortgage product.
“Financial institutions that offer mortgage products need to be able to meet borrowers where they are in life. The HECM product is designed specifically for the needs of senior borrowers who are retired or nearing retirement,” said Wendy Peel, Vice President of Sales and Marketing for ReverseVision. “Wealth management groups within financial institutions who serve senior homeowners should also consider HECM as part of the overall retirement strategy. Whether as a bridge to delaying social security benefits or simply as line of credit for emergencies, the HECM loan product has a wide range uses in potentially extending a portfolios life and the seniors’ quality of life.”
“HECMs can be a critical element of the financial mix available to homeowners at age 62 or older. When used strategically, HECM can add lifespan to the resources of retirees’ and their households,” agreed Sharon Falvey, director of sales operations for Open Mortgage.
About ReverseVision:
Recognized as a Deloitte’s 2015 Technology Fast 500 Company, ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision technology than all other reverse mortgage LOS combined. ReverseVision has partnered with some of the finest and fastest-growing lending organizations in the U.S. to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors.
ReverseVision is recognized as a driving innovator in the reverse mortgage industry. ReverseVision continues to improve its software with frequent new innovations and by building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.
For more information, visit http://www.reversevision.com/.
About Open Mortgage:
Open Mortgage is a retail, wholesale and correspondent lender offering automated tools, cutting-edge technology and excellent customer service. Every great athlete has a great coach; with this model in mind, Open Mortgage provides the tools and personal support to help lenders grow their origination business. Open Mortgage offers a wide variety of mortgage products including conventional mortgages, mortgage refinance, FHA loans, USDA loans, VA loans and reverse mortgages. Equal Housing Opportunity Lender NMLS #2975
For more information, contact: Cecilia Delgado, cece@corp.openmtg.com, 512-354-2347.
News Source: ReverseVision Inc.
