Evolve Bank & Trust Using ReverseVision For Reverse Mortgages

Memphis, Tenn.-based Evolve Bank & Trust is the latest lender to use ReverseVision‘s RV Exchange (RVX) reverse mortgage loan origination software (LOS).

Evolve decided to use RVX to originate home equity conversion mortgages (HECMs).

“We’re proud to offer Evolve Bank & Trust customers a distinctive selection of mortgage products to address all their financial needs,” says David Brindley, co-manager of the reverse mortgage division for Evolve Bank & Trust, in a release. “Adding home equity conversion mortgage, or ‘HECM,’ loans to the mix allows us to better serve the needs of the growing number of baby boomers who are planning for retirement.”

“Evolve is the ideal choice for homeowners considering a reverse mortgage,” adds Steven Rosenberg, the other co-manager. “Borrowers can feel confident in the quality of our loan products, and they know they’ll receive the same exceptional service we’ve been delivering to our customers for over 90 years.”

Evolve selected RVX as its reverse mortgage LOS because of the ease of use and ability to support the entire lifecycle of the HECM loan.

“ReverseVision Exchange was easy to integrate into our model,” Brindley says. “It allows us to issue our own closing documents, pay mortgage insurance premiums, schedule and conduct closings – you name it, we can do it on RVX. From origination to the secondary market, it’s the best system to enhance our growth and implement our marketing strategies.”

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