Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!
Reverse Mortgage Insight Hires New Director of Client Relations Data provider Reverse Mortgage Insight (RMI) has hired Jon McCue to serve as the company’s director of client relations. The new position will require McCue to focus on sales and customer service, an area that founder John Lunde says continues to expand as the company hits its five-year mark. “Historically we’ve worked with the top 10 to 15 lenders by volume,” Lunde said. “But we see a big opportunity for us to bring our sales and marketing analysis tools to more lenders and brokers.”
Landmark Network Named One of Inc. 500's Fastest Growing Companies for 2012 The L.A.-based AMC ranked No. 108 out of 7 million companies nationwide, coming in at No. 4 in the category for best real estate companies. Landmark Network currently manages the largest share of appraisals in the space, handling approximately 25 percent of all reverse mortgage appraisals.
Bay Docs Releases Updated Loan Origination System Reverse mortgage document and service provider Bay Docs has added processing, underwriting and lender calculator modules to its Reverse Express loan origination system (LOS). The Web-based LOS now offers users the ability to place a lender-configurable reverse mortgage calculator on their websites for easy use. New updates to the LOS include the ability to order credit and flood reports directly within the application and check real-time interest rates between application and closing.
Success Mortgage Partners Announces Two New Hires Success Mortgage Partners Inc. has announced two new hires in its reverse mortgage divisions. Bill Eichstaedt of Kalamazoo, Mich., has joined 1st Financial Reverse Mortgage as a reverse mortgage consultant. Eichstaedt, who formerly worked for MetLife Home Loans, will work to serve clients throughout the state of Michigan. Cheryl Williams of Mount Pleasant, South Carolina, also formerly of MetLife Home Loans, has joined Franklin Funding Reverse Mortgages as a reverse mortgage specialist.
National Council on Aging Launches Home Equity Website The National Council on Aging (NCOA) has launched a user-friendly website designed to educate seniors about tapping into their home equity. The site, homeequityadvisor.org, offers unbiased information to assist middle- and low-income seniors who are looking to use their home equity to obtain a loan, to sell their home or to avoid selling their home and maintain their home equity. The site offers tools to help determine the consequences of utilizing home equity and asses the best financial option for the senior.
IReverse Home Loans Announces Recent Staff Promotions Reverse mortgage originator iReverse Home Loans has announced three new hires. Deborah Anastasiou was named manager of the branch in St. James, New York; Adam Hertz was named manager of the company’s new branch in Missoula, Mont.; and Carol Ryan was named manager of the branch in Mattituck, New York. A subsidiary of Hopkins Federal Savings Bank, iReverse Home has originated reverse mortgages nationwide since 2007.
Mortgage Information Services Joins NRMLA Cleveland, Ohio-based Mortgage Information Services (MIS) has announced its new NRMLA membership. The nationwide company has provided real estate information to the residential mortgage market since 1990, offering title insurance, settlement services and valuations to loan originators and servicing companies. MIS will be attending NRMLA’s Annual Meeting & Expo in San Antonio in the fall as a gold sponsor of the event.
Mortgage Services III Names David Cesario National Sales and Production Manager Bloomington, Ill.-based Mortgage Services III (MSI) has named David Cesario national sales and production manager of the company’s reverse mortgage division. Formerly the assistant vice president and regional sales leader for MetLife Home Loans, Cesario has more than 10 years of experience in the reverse mortgage industry. A subsidiary of First State Bank, MSI is licensed in most states to originate both forward and reverse mortgages.
Nationwide Appraisal & Settlement Network Releases New Mobile Website Nationwide Appraisal & Settlement Network (NASN) has released a mobile website designed for clients and vendors on the go. The new application will allow users to log on directly to the NASN site on their smartphones to update files, access information and contact the NASN team while traveling to and from appointments. Since 2008, Florida-based NASN has provided appraisal and settlement services nationwide, successfully completing more than 36,000 appraisals.
SharperLending Enhances Appraisal Firewall Platform Mortgage technology provider SharperLending improved its Appraisal Firewall platform by connecting with Mercury Network. The integration will allow users to place appraisal orders directly on the platform with any AMC, giving lenders access to a complete list of available appraisers. Appraisal Firewall is a secure, Web-based technology solution designed to help lenders manage the appraisal process.