ReverseVision, a provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, has recently announced a new partnership with Premier Reverse Closings (PRC), a title and settlement firm specializing in reverse mortgage closings.
According to ReverseVision, the new integration between the companies’ software allows users of ReverseVision’s flagship RV Exchange (RVX) loan origination system (LOS) to order title services from PRC without ever leaving the RVX system.
“Through our partnership with PRC, RVX users can now easily and efficiently request specialized title services from the nation’s leading expert in reverse mortgage closings,” said ReverseVision VP of Sales and Marketing Wendy Peel. “We look forward to a long a fruitful partnership with PRC that will generate even more solutions for optimizing the HECM lending process.”
RVX is a centralized exchange that allows all participants in the lifecycle of a HECM to log in to a single system to share documents and information for each part of the loan process. By connecting point-of-sale, processing, underwriting, funding, post-closing and secondary marketing under one roof, RVX reduces document errors, heightens information security and shortens fulfillment times.
“As leaders of our respective corners of the industry, Premier Reverse Closings and ReverseVision share a commitment to excellence in serving both reverse mortgage professionals and borrowers,” said Heather Moulden, SVP of Sales for PRC. “By integrating with PRC, RVX has given its customers access to a dedicated team of the industry’s most experienced HECM closing specialists.”
California-based PRC is a national title and settlement company to specialize in reverse mortgages. PRC specialists have closed more than 175,000 transactions — most of them HUD-insured HECMs— since its founding more than nine years ago.