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RMF Newsroom, Partners

Reverse Mortgage Funding Introduces Home Equity Conversion Mortgage For Purchase Certification Program For Third-Party Originators

Exclusive program is designed to give originators a real competitive advantage by enabling them to become HECM For Purchase Certified experts through a series of robust training programs, product tutorials, operational support and marketing resources

BLOOMFIELD, N.J. – July 24, 2017 – Reverse Mortgage Funding LLC (“RMF”), a leading reverse mortgage lender dedicated to helping older Americans achieve financial peace of mind, today introduced its exclusive Home Equity Conversion Mortgage For Purchase (“HECM For Purchase”) Certification Program for broker partners, an on-demand course to help third-party originators gain a real competitive advantage by becoming HECM For Purchase Certified experts. HECM For Purchase (nicknamed “H4P”) is a Federal Housing Administration (FHA)-insured* home financing program that enables homebuyers age 62 and older to purchase a new home that best suits their lifestyle by taking out a home equity-based loan on the home they are buying.

RMF Newsroom, Partners

Reverse Mortgage Funding Announces Launch of the Industry’s First Reverse Mortgage Loan Qualification Engine

Named LQ, this highly intelligent, easy-to-use tool – which is exclusively within the Tango Reverse™ loan origination system – gives brokers the power to instantly do a preliminary assessment of a customer’s eligibility to qualify for the reverse mortgage they have in mind

BLOOMFIELD, N.J. – July 17, 2017 – Reverse Mortgage Funding LLC (“RMF”), one of the nation’s leading reverse mortgage lenders, is excited to announce the launch of its revolutionary and powerful loan qualification engine, LQ, which is now available to RMF’s approved broker partners as well as the company’s own loan officers. This cutting-edge technology, which is exclusively within Tango Reverse™, RMF’s proprietary loan origination system, is the first of its kind in the industry. LQ is designed to make it easier for originators to close more loans by providing them with the power to instantly do a preliminary assessment of a customer’s eligibility to qualify for the reverse mortgage they have in mind. It also generates rules and conditions based on the characteristics of each prospective loan scenario, which significantly helps reduce loan cycle times and expedites the leads to applications and the applications to closing.

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Equity Elite Reverse Mortgage