Reverse Mortgages

Reverse mortgages have become increasingly popular with retirees and aging baby boomers offering exponential growth and a lucrative revenue opportunity for lenders.

We offer you the documentation and support you need to obtain licensure and train your staff on the unique complexities of reverse mortgages.

Compliant Document Packages

Minimize your risk with our warranted and compliant origination and closing packages. Our Document Preparation solution offers a total automated workflow, from document generation to secure delivery and backup paper fulfillment. Loan packages are customizable and compliant with federal and state regulations.

Secure Delivery

Document Preparation leverages our secure electronic delivery technology to quickly and securely send loan documentation to clients over the Internet. The two-way communication capabilities allow you to have an immediate and secure exchange of documents and data with the borrower. Upon receipt of the documents, borrowers can e-sign for quick turnaround. And, the robust tracking, auditing, and reporting capabilities allow you to see status updates and transaction history.

If your borrower opts out of the electronic delivery, your documentation can be automatically sent to our secure print and mail fulfillment center that successfully completed its SAS 70 Type II review. Proof of mailing is returned to you for compliance and reporting purposes.

Services

Our suite of Reverse Mortgage Services can help you start your own customized lending program tailored to your business, including:

• HUD Licensing Support—expert guidance through application and a checklist for maintaining approval
• Training—basics of reverse mortgage lending with peer interaction and one-on-one attention
• Document Package Selection Service—best practices for loan packages for reverse mortgage
• Compliance Assessment—expert analysis to improve your compliance management program
• System Integration Consulting—assistance in developing system requirements and functional specification documents for applications
• Post Integration Assistance—designing and implementing your quality control plan