RMF Revamps Its Borrower Qualification Process To Increase Efficiency
Reverse Mortgage Funding, LLC (RMF) is taking a new approach to the borrower qualification process for those seeking a reverse mortgage. The process was created to drive efficiency during the approval process and increase reverse mortgage market growth.
Reverse Mortgage Funding, LLC (RMF) is taking a new approach to the borrower qualification process for those seeking a reverse mortgage. The process was created to drive efficiency during the approval process and increase reverse mortgage market growth.
RMF operated on a typical qualification process, according to a report from Reverse Mortgage Daily, however, while analyzing that process the company was able to find a way to simplify it simply by the order in which they conduct the approval process.
“The way that I would think about this — at the highest level — is that I think most loan officers have approached qualifying borrowers not necessarily the wrong way, but not in the most efficient way,” said Joe Demarkey, strategic business development leader for RMF, according to RMD. Read the full story on National Mortgage Professional.