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ReverseVision Adds Landmark Network Appraisal Services to its Integrated Technology for Reverse Mortgage Lenders
Reverse mortgage technology provider ReverseVision has added appraisal services from Landmark to its Reverse Loan Origination System (RLOS) platform. The addition of Landmark’s appraisal service enables users to simply order an appraisal with the click of a button from their RLOS, and to view automatic updates applied to the loan record with details on the appraisal status. Through the Landmark Network integration, RLOS users can avoid the impact of appraiser scarcity, high costs and delayed turnaround time.
Celink Successfully Passes Reverse Mortgage Servicing Compliance Exam
Celink, the nation’s largest reverse mortgage servicer, has completed its first exam affirming its compliance to reverse mortgage servicing standards. Named the Statement on Standards for Attestation Engagements (SSAE) No. 16 Service Organization Control (SOC) 1, Type II, the exam assesses a company’s internal controls over processes and procedures relevant to reverse mortgage servicing. Issued by the American Institute of Certified Public Accountants (AICPA), the exam also tests the company’s information technology department’s critical functions. “This report affirms our commitment to providing a stable, sound, and secure environment through financial strength and ongoing investments in compliance, legal, audit, technology and vendor management practices,” Celink President Ryan LaRose said.
Urban Financial of America Hires Graham Fleming as Chief Administrative Officer
Mortgage banking executive Graham A. Fleming has been appointed to the new position of managing director and chief administrative officer of Urban Financial of America, LLC (UFA), reporting to company President Steve McClellan. With more than 15 years of experience in the consumer lending business, Fleming was formerly president of Icon Residential Lenders, LLC, a wholesale and retail mortgage lender that funded more than $2.5 billion per year and was recently sold to Rushmore Home Loans. Fleming, a fellow of the Chartered Institute of Certified Accountants, previously served as COO of Finance America, a Lehman Brothers company. “Graham’s extensive track
record of strategic leadership in financial services management and business development is a tremendous asset. We are delighted to have him as part of our team as UFA begins an exciting new era, with new ownership and plans for continued growth and enhancement of our best-in-class sales and operations platform,” said UFA President Steve McClellan.
Generation Mortgage Company Continues Retail Sales Expansion, Promotes Shirlene Nordé
Generation Mortgage Company (GMC) continues expanding and strengthening both its retail and wholesale divisions. Recently, GMC announced two new hires to its retail team: Sharon Falvey as business development specialist and Sue Winters as pacific retail manager. Other recent hires include branch managers Evan White (Calif.), Gail Hawkins (Mo.) and Chuck Byler (Az.); and loan officers Bill Niehus (Colo.), Blake Pavlich (Wash.), Kathy Rutkowski (Ill.), John Martin (Ore.) and Peggy Stout (Ut.). On its wholesale team, GMC has promoted Shirlene Nordé to the role of wholesale account executive.
Reverse Mortgage Funding Releases New HECM Choice Product to Principal Agents and Brokers
Reverse Mortgage Funding LLC (RMF) has announced that HECM Choice—its new partial-draw, fixed-rate HECM product—is now available to principal agents and brokers. When the product was launched in December, HECM Choice was available only to approved correspondent lenders with a phased approach to launch to wholesale and principal agents in January. “The introduction of HECM Choice to the industry has been successful, the launch has gone as planned, and the product is available today to all lenders,” said RMF President David Peskin. “We are pleased to bring HECM Choice to a broader base of homeowners through the addition of principal agents and brokers.”
