Spring, Texas-based Reverse Mortgage Solutions Inc. (RMS) completes one year of operation this month with over 7,500 loans already being serviced. In addition, the company anticipates rollout of a front-end reverse mortgage origination system.
Entering the specialty mortgage sector just as 80 million Americans known as Baby Boomers have reached age eligibility for a reverse mortgage, RMS says it expects continued rapid ramp-up this year as a technology systems provider, consultant, loan servicer and private-label subservicer.
‘Our early success is a testament to the unique vibrancy of the reverse mortgage market and the vast experience of the company's senior management,’ notes Bob Yeary, CEO of RMS.
According to Yeary, RMS also plans to make major announcements this spring of new sales agreements, business relationships with the secondary market and results of ratings agencies reviews.
