Reverse Mortgage Directory, a web based lead provider, recently announced their preferred vendor partnership with Landmark Loan Services for nationwide appraisal services. The partnership provides Reverse Mortgage Directory clients access to Landmark’s list of appraisers familiar with the reverse mortgage business.
“We believe our lender clients can streamline their valuation assessment process by using a leading service provider in the reverse mortgage marketplace.” said Gretchen Williams, Reverse Mortgage Directory’s Director of Sales and Customer Relations. “Landmark’s specialization in the reverse market, their team of experienced appraisers and easy to use technology added to our decision.”
Due to the drastic drop in home values over the past year, online tools like Zillow and other automated valuation tools (AVMs) might not provide an accurate assessment of current market conditions. Since reverse mortgages rely heavily on what the true value of a home is, the partnership provides a list of appraisers who can help determine whether a reverse mortgage is a viable option for the senior.
“Our company has been built on serving the reverse mortgage sector with clients of all sizes and this partnership will no doubt open new doors for our team and continue to solidify our position in the marketplace.” said Erik Richard, COO of Landmark.
Landmark reinforced its commitment to providing appraisal solutions tailored for the reverse mortgage industry when it purchased ReverseMortgageAppraisers.com in August of this year.