Movers & Shakers

Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!

Landmark Network Launches First Valuation Management App
AMC Landmark Network launched the first valuation management app for iPhone and iPad. Named “Landmark Network” and available through the Apple App store, the app gives users the ability to access and manage their appraisal orders on the go. After logging in to view their pipeline of active and completed appraisal orders, users can submit inquiries, request updates or provide order information to Landmark’s support staff. “We are very excited about the release of our mobile application and this version is only the beginning,” Landmark CEO Erik Richard said. “We are already working hard on additional features and updates, including developing a version for the Android platform, which we hope to release in the very near future.”

ReverseVision, Inc. Opens West Coast Support Center, Hires Fresco Ellis
Reverse mortgage technology provider ReverseVision, Inc. has expanded its support center to the West Coast and hired industry veteran Fresco Ellis as its customer support specialist. Based in San Diego, California, Ellis has more than 10 years of industry experience and has worked for both One Reverse and Generation Mortgage. “Our customer service has helped build our company into the industry’s service and technology leader,” said President John Button. “This expansion will be a benefit for all of our clients, especially those with operations on the West Coast.”

Texas Mortgage Bankers Association to Host 12th Annual Reverse Mortgage Day
The Texas Mortgage Bankers Association will be hosting its 12th annual Reverse Mortgage Day at the Driskill Hotel in Austin, Texas, on September 10. The event, which will include members of the nation’s leading reverse mortgage lenders, government officials, real estate attorneys and title companies, will unite industry professionals from around the country to discuss the business of reverse mortgage lending. “With the lending landscape changing almost daily, those attending this conference will receive the most up-to-date information on everything from FHA reform to secondary market updates,” said Scott Norman of Sente Mortgage.

Open Mortgage Sets Up Reverse Mortgage Headquarters in Atlanta Area
Texas-based reverse mortgage lender Open Mortgage established a new headquarters in Douglasville, Georgia, near Atlanta. “The Atlanta area is a great banking hub to locate our infrastructure team for the underwriting, shipping and funding functions of our business,” Open CEO Joe Morris

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said. “The momentum of our team growth assures our valued senior clients the excellent customer service that they deserve in order to achieve their financial solutions for the best time of their lives, their golden years.”

Generation Mortgage Company Releases Trial Version of nu62 App
Generation Mortgage Company has released the trial version of its nu62 iPad app to its approved partners. The nu62 app is a cutting-edge tool that allows a partner to graphically demonstrate the options available through the use of a HECM, making it easy to compare multiple product options in a more engaging and interactive way.

Liberty Sponsors Texas Tech Study on HECMs and Retirement Planning
Liberty Home Equity Solutions is sponsoring a new research study from Texas Tech University researchers John Salter, Shaun Pfeiffer and Harold Evensky on how utilizing a HECM loan may contribute to the preservation of a retirement portfolio. The study will focus on the “safemax” withdrawal rate when using a “standby reverse mortgage portfolio protection strategy.” Liberty said its support of the project is part of the lender’s commitment to educate financial advisors on issues that impact senior clients and how a HECM loan may enhance a retiree’s financial security.

One Reverse Mortgage Welcomes Amanda Clinton as Project Manager
Amanda Clinton has joined the One Reverse Mortgage business development team as a project manager. Clinton will be working on expanding One Reverse’s retail business and developing a wholesale channel. She has more than eight years of mortgage banking experience and worked previously as the operations manager at Net Equity Financial, Inc. Clinton also founded the Baltimore Chapter of the National Aging in Place Council.

Metro-West’s Greg Stephens Wins Valuation Visionary Award
Greg Stephens, SVP of appraisal operations and compliance at Metro-West Appraisal Company, has won the 2013 Valuation Visionary Award. Stephens is a recognized subject-matter expert in appraisal regulations and standards, and has provided qualifying and continuing education seminars around the country. Metro-West is the largest independent appraisal firm in the U.S. with 175 staff appraisers located in 30 states.

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