SAN DIEGO, Calif. /California Newswire/ — ReverseVision, Inc. today announced an agreement to add CoesterVMS's appraisal services to RV Exchange – ReverseVision's Reverse Loan Origination System (RLOS) platform. Reverse mortgage lenders use RV Exchange for the full lifecycle of the loan-from initial proposal through application, underwriting, closing and post-closing.
"The automated process we are introducing with ReverseVision is one of the smartest workflow improvements a reverse lender can employ," said Brian Coester, CEO of CoesterVMS.
When a lender needs to order an appraisal from Coester, they will be able to trigger the request with the click of a button. Not only will Coester receive the request electronically, but as each step of the appraisal process is completed, the loan record in RV Exchange will also be automatically updated.
"Coester's reputation for providing an exceptional service is one of the best in the industry," said John Button, President and CEO of ReverseVision. "We are excited to empower our clients to easily order and track their appraisals from Coester directly in our platform."
The integrated service is expected to be available in April 2014.
CoesterVMS is a nationwide provider of valuation management technology and services. In 2012, the company launched Cloud Control, the industry's most customizable web-based valuation management technology and the first solution of its kind built on the award-winning platform of SalesForce.com. The company also offers valuation management services nationwide and specializes in providing high quality appraisal reports that comply with all industry guidelines and regulations.
Headquartered in Rockville, Md., CoesterVMS was founded in 1970 as a local appraisal company and has since grown to a formidable nationwide force in the appraisal management segment. For more information visit CoesterVMS at http://www.CoesterVMS.com/ .
ReverseVision, Inc. ( http://reversevision.com/ ) is a 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's RV Exchange platform than all other systems 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 their software with frequent new innovations building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.
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