RV Exchange allows us to deliver the same reverse mortgage package to any number of investor partners. We don’t have to learn and open a bunch of different investors’ systems to compare options. We absolutely love that.”

Mid America has always sought opportunities to establish itself in underserved areas of the market, and reverse mortgages are a prime example. 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.

The creation of a reverse lending division led by industry veterans and powered by the industry’s leading reverse origination software is part of Blue Ridge Bank’s larger initiative to offer a comprehensive portfolio of home lending products capable of helping every customer attain their home ownership and financial goals. Between the functionality of RVX and the support of ReverseVision’s team, I am confident that we are well-equipped to execute our reverse division’s strategy of steady, measured growth.

RVX integrates easily with our other software, so salespeople and loan officers can all easily work together on the same file. Information only has to be entered once, and then RVX populates all relevant programs and documents. This makes our process more efficient and helps position us for some significant growth in the HECM arena.

At a macro level we are interested in the safety and soundness of the loans we originate and the borrowers we serve, so we want to support and grow this channel in a prudent manner. We have complete confidence in ReverseVision as our reverse mortgage loan origination platform.

Adding HECM and reverse mortgage products is part of our larger strategy to provide a fully-rounded suite of products that help borrowers achieve their homeownership and financial goals. An important part of facilitating a mutually successful lending experience is outfitting our team with leading technology.

With tools like the Comparison Screen in ReverseVision Exchange, I can sit down with a financial planner or real estate agent and model different reverse mortgage products. This hands-on approach goes a long way in establishing credibility with retirement planners and other trusted borrower advisors.

Offering the HECM reverse mortgage has been a smart business move for Open Mortgage. Our strategy to get into the product early has allowed us to serve growing borrower demand, build our internal expertise and prepare to serve loan originators in a wholesale capacity, supported along the way with tools delivered by ReverseVision.