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@2020 ReverseVision. All rights reserved. reversevision.comRV Platform Overview Sheet
What is ReverseVision?
Meet Your Borrowers Where They Are In Life
Are You Ready To Serve All Borrowers In Every Stage Of Life? Contact Business Development at [email protected]
• FHA• VA• Non-QM• HELOC• And More
• CRM• Point-of-Sale Solution• Website• Micro-site• PPE• Loan Origination System
ReverseVisionPlatform
Common Systems
It’s JustAnotherLendingProgram
Forward LendingPrograms
Open API’s
Home EquityConversion Mortgage
Private Mortgage Program
RV Sales Accelerator
RV Exchange
Reporting and Data
$
What Generational LendingLooks Like
Easily AddEasily Add
A suite of products designed to enable a seamless lender and consumer experience with senior mortgage and equity release programs.
@2020 ReverseVision. All rights reserved. reversevision.comRV Platform Overview Sheet
Options HECM HELOC Adjustable Loan Fixed Loan
Qualification
Limited Credit to Qualify ✓ ✕ ✕ ✕
Limited Income Requirements for Loan ✓ ✕ ✕ ✕
Requires a Credit Check ✓ ✓ ✓ ✓
Payments and FundsBorrower has the option not to make monthly payments without penalty of foreclosure proceedings ✓ ✕ ✕ ✕
Borrower may not be charged a late payment penalty fee ✓ ✕ ✕ ✕
Primary borrower’s line of credit cannot be frozen ✓ ✕ N/A N/A
Loan amount is not affected by income qualifications standards ✓ ✕ ✕ ✕
Option to receive monthly funds ✓ ✕ ✕ ✕
Tap home equity without refinancing ✓ ✓ ✕ ✕
Line of Credit Grows ✓ ✕ N/A N/A
Other Factors
Interest payments may be tax deductible ✓ ✓ ✓ ✓
Borrower is responsible for property tax and hazard insurance ✓ ✓ ✓ ✓
Borrower retains home ownership ✓ ✓ ✓ ✓
Senior Equity Lending Facts
Let’s Compare Loan Options
• $7.14 Trillion is currently in home equity, 1/2 is held by seniors.
• Household debt is increasing in Seniors.
• Loan payments are optional with a HECM. - The available Line of Credit will grow
over time.
• Seniors took out approx 1.27 million home loans in 2017.
• Seniors routinely leverage technology in banking, mortgage and retirement.
• HECM’s can be more profitable in the secondary market than most traditional loans.
