Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!
ReverseVision Releases Screens Required for Financial Assessment HECM technology provider ReverseVision has released an update to its RV Exchange LOS that includes all of the critical screens and calculations required for Financial Assessment. “There are a series of new screens and features to collect FA-related data elements like borrower’s credit, credit accounts, income, asset dissipation and expenses,” says ReverseVision President and CEO John Button. In addition, a single new results screen brings all the data together for the underwriter to complete the assessment and calculate the life expectancy set-aside. Updates to the administration and reporting components have also been made. ReverseVision will offer live training focused on the new FA features in RV Exchange.
Money House Hires Ralph Rosynek Industry veteran and TRR underwriting expert Ralph Rosynek has joined Money House as SVP head of U.S. wholesale and correspondent lending. Rosynek served as national director of corporate marketing and communications for RMS from 2011 through 2014, working before then as SVP/production director of the lender’s national and correspondent wholesale channels. Prior to that, Rosynek served as president and CEO of First Reverse Financial Services. He has worked on both the forward and reverse mortgage sides, and has held volunteer leadership roles in trade associations for both.
Reverse Mortgage Funding Expands Operations to West Coast, Names Mark O’Neil National Sales Leader Reverse Mortgage Funding has opened a storefront sales office in Lincoln, California, a submarket of Sacramento. “We are excited to expand our operations to the West Coast, and look forward to leveraging our expertise and innovative products to help older homeowners live a more comfortable and secure retirement,” says RMF President David Peskin. RMF’s Western Regional Sales Leader, Eric Ellsworth, will manage the California region and will be supported by a team of six talented sales professionals: Mary Alice Cardenas, William Smith, Robert France, David Stormont, Olaf Hanson and Hank Rhoads. RMF has also named Mark O’Neil national sales leader for its wholesale and correspondent division. O’Neil will be responsible for the company’s third-party origination sales channels.
Open Mortgage Hires JoAnna Bignell Texas-based Open Mortgage has hired JoAnna Bignell to lead the company’s recruiting efforts in the reverse mortgage retail space. Bignell will work to bring in top-producing branches and help existing branches expand their teams. Bignell, who worked previously for Security One Lending, has more than 20 years of experience in recruiting.
