Recharge Your Lending Portfolio With Reverse Mortgages


It’s time to reimagine how to best serve your senior borrowers where they are in life by offering Home Equity Conversion Mortgage (HECM) loans. Our API technology enables Lenders to compare HECMs alongside traditional loans creating a seamless user experience that connects all users across the entire HECM lifecycle—directly from your existing tech stack.

Rethink HECM loans and increase cash flow for you and your borrower. Stop by our booth #425 or meet with our team for details on how you can get started.

Schedule a Meeting

The Power of Coexistence  

No two lenders are the same. That’s why ReverseVision is built to flex to your unique tech stack and operational process.

The Power of Coexistence with ReverseVision  CEO Joe Langner
Lenders, Brokers, and Independent Mortgage Banks can expand their customer base by reaching thousands of potential new customers every day. Tech Providers will want to take this opportunity to expand their offerings to be prepped and ready for the wave of new requests being received from their lender customers.

See why our CEO, Joe Langner, finds coexistence so important and why he is excited about our new API integrations.


The Top Reverse Mortgage Myths Explained 

How much do you think you know about Reverse Mortgages? Take the ReverseVision "Test Your Knowledge" quiz and find out.  

Test Your Reverse Mortgage Knowledge 

Many lenders have misconceptions and a general knowledge gap around Home Equity Conversion Mortgages (HECM) and private reverse mortgages.

The top myths around reverse mortgages that hold lenders back from offering HECM's are the following:

  1. Reverse Mortgages are risky
  2. Seniors don't take out mortgage loans
  3. There is not enough volume in the market to make a reverse mortgage worthwhile
  4. Borrowers and their heirs are on the hook if the loan balance exceeds the home value
  5. The bank owns the home 
  6. A home can't be purchased with a reverse mortgage 
  7. HECMs are only for poor or desperate people used as a last resort 

These common myths and the lack of education around the reverse mortgage product, create many missed opportunities. As the leading reverse mortgage lending software platform ReverseVision is committed to educating lenders about how this powerful lending program can be used to help older Americans achieve their financial goals in retirement.

 

Are You a Lender? Are you a_Lender

Interested in learning more about HECM lending?

Learn how originating reverse mortgages alongside your traditional lending programs enhances productivity, rewards loan originators, and creates borrowers for life.

Our comprehensive product suite flexes to lenders’ unique business and operational models, connecting all lending participants across the reverse mortgage lifecycle to meet borrowers where they are in life.

If you aren't already working with RV, partner with us to meet the financial needs of your senior customers today. 

 

Are You A Tech Partner?Are you a_TechPartner

Why Partner With ReverseVision?

Simply put, this is our shared customer base's biggest and most profitable opportunity. RV is the most trusted technology in the Reverse Mortgage space,    connect to our entire network by partnering today.

We're constantly seeking ways to improve the customer experience by spearheading partner integrations. We’ll work to make your products accessible to reverse mortgage lenders.

  • API Integrations allow you to expand your customer base and create a seamless lending experience and reach thousands of potential new customers

  • Monthly access allows the ability to integrate with unlimited customers

  • Ability to expand your technological footprint resulting in more tools, opportunities, loans processed, and partnerships

  •  50 of the top 75 Independent mortgage bankers utilize RV

Schedule a Meeting

 


Apply Reverse Mortgages To Real Life 

Meet the smiths

Replace Your forward mortgage with A HECM

How would the Smiths financial options change if they replace their traditional mortgage and HELOC with a HECM while continuing to make the same payment on the HECM?

1. Home value: $500,000
2. Payoff 1st Mortgage: $125,000
10 more years @ 4.125%
Payment = $1,273.00
3. HELOC balance - $55,000 used of $75,000
10 more years @7%
Payment = $638.60
4. Youngest borrower: 62
5. Monthly Total = $1,911.60

This example will show what happens if the Smiths make the exact same payment on a HECM as they would have been making on their traditional forward mortgage.

Scenario-Replace forward mortgage with HECM

Meet Jim and Kathy

Sequence of Returns 

They are secure in retirement and claim they do not “need” a reverse mortgage. However, an inconsistent market has them questioning do they have enough funds to last their life span.


1. Home Value: $800,000
2. Payoff: $250,000
3. Youngest Borrower Age: 65
4. Probability of portfolio surviving to age 95 without a HECM ($1500/mo draw): 0.8%
5. Probability of portfolio surviving to age 95 with a HECM ($1500/mo draw) : 100%

 

This example shows how a HECM can extend the longevity of their retirement portfolio by sourcing funds from a HECM Line of Credit (LOC) during times of market volatility. Their financial planner can validate this as an effective strategy for managing sequence of returns risk.

 
Scenario-Sequence of returns

Meet the Jones's

Refinance with a HECM LOC

The Jones's have some retirement savings, but they are unsure if their funds will last. They have friends who’ve leveraged equity for peace of mind and want to learn more.

1. Home Value: $400,000
2. Payoff: $100,000
3. Youngest Borrower Age: 75
4. Available Line of Credit today: $121,200
5. Available Line of Credit in 10 years: $175,450

This example shows how a HECM can improve their cash flow and supplement their savings. They will remove their monthly mortgage payment and receive a substantial line of credit that can be used whenever they need extra funds.

Scenario-Refinance with a HECM LOC

Meet Helen Johnson

HECM for purchase

Helen is a single woman and wants to move closer to her children and grandchildren. Unfortunately, she believes she cannot afford the nicer home she wants.

1. Profit from Sold Home: $400,000
2. New Home Purchase Price: $600,000
3. Minimum Down payment of New Home: $248,000
4. Borrower Age: 68
5. Monthly Mortgage Payment = $0

This example shows what happens if Helen chooses to use a HECM to purchase her new home, where she can remain payment free and enjoy a nicer home near her family.

Scenario-HECM for purchase