Watch Wendy Peel and Sunny Mahdi of Reverse Vision with Suzy Lindblom, COO of Planet Home Lending in the #NEXTWINTER20 Tech Showcase.
Approximately 18% of all mortgages are taken out by borrowers aged 60, yet less than 1% of borrowers are shown senor specific lending products. ReverseVision offers a suite of products designed to enable a seamless lender and consumer experience with senior mortgage and equity release programs.
ReverseVision’s API platform allows traditional lending software (CRM’s, LOS, POS, etc) to easily coexist giving borrowers a potentially better loan program and helping seniors either age in place or purchase a home better suited to their wants or needs. The private mortgage programs in senior lending are booming and all are available in RV’s platform. RV’s comparison calculators allow a borrower to model a HECM against a traditional forward loan – no other software can offer this. With 7.14 Trillion dollars in home equity, ½ is held by seniors – can lenders and bankers really afford to ignore this under-served demographic?