ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, announced a partnership with Allegiant Reverse Services (ARS), a full-service title and settlement company with an exclusive focus on reverse mortgage closings.
The integration of ARS’ Order Source order management system with ReverseVision’s RV Exchange (RVX) loan origination system (LOS) enables ARS settlement agents to place title orders and track files directly from the RVX platform.
Used by all 10 of the top-10 HECM lenders, RVX provides a central point of access for participants in the HECM financing process to securely view loan information, share documents and communicate throughout the lending process. RVX reduces the incidence of document errors, strengthens information security and expedites time-to-close by making the tools for the entire HECM lifecycle accessible through a single portal – from point of sale to post-closing and secondary marketing.
Roseville, California-based ARS is a division of both FNC Title of California and FNC Title Services, LLC. Together, FNC and ARS are the most dominant title companies in the HECM industry.
“Integrating ARS’ order management system into RVX enables settlement agents to place orders, review documents and securely communicate about the closing process without having to log in to a separate website and rekey data,” said ReverseVision Vice President of Sales and Marketing Wendy Peel. “We are pleased to play a role in facilitating an enhanced HECM borrowing experience for ARS and its customers.”
“Our partnership with ReverseVision supports ARS’ ongoing effort to provide exceptional efficiency of service,” said Megan Hafenstein, vice president at ARS. “Now, ARS customers can reap the benefits of a more cohesive and simplified HECM process by placing orders and managing documents directly within RVX.”
Cover Story: