Celink has successfully implemented the second generation of its proprietary reverse mortgage servicing platform, ReverServ, the company says. In addition, IBM has selected Celink's technology advancements as subject of a published case study.
The new Java Web-based servicing platform supports Federal Housing Administration Home Equity Conversion Mortgages (HECMs), Ginnie Mae HECM securitizations, Fannie Mae Home Keepers, and numerous other proprietary and private-label reverse mortgage products. Among the platform's benefits are data compression, reduced storage requirements and back-up times, remote Internet access to loan-level information, and report generation tools for client access to ad hoc custom reports.
In migrating to the IBM DB2, Celink ensures continued scalability and reliability of its core systems. The IBM Rational Application Developer for WebSphere Software and IBM WebSphere Application Server is a proven platform for increasing development flexibility.
‘This initiative opens the door for future enhancements in reverse mortgage servicing and borrower care services,’ says John LaRose, Celnk's CEO. ‘We think of technology as a tool used to serve clients, investors and borrowers. And we select and implement technology that fits our borrower care model for protecting clients' investments and reputations.’
SOURCE: Celink
