LERETA Partners with ReverseVision, Integrates Services into RV Exchange LOS / by Scott A.

Strategic alliance enables LERETA to expand its presence in the reverse mortgage space

COVINA, Calif. -- LERETA, a leading national real estate tax and flood service provider, has partnered with ReverseVision, a driving innovator in the reverse mortgage industry, to integrate LERETA’s property tax and flood data services into ReverseVision’s RV Exchange (RVX) loan origination system (LOS), broadening LERETA’s presence in the reverse mortgage market.

“We are pleased to bring LERETA’s trusted flood and property tax services to our clients and their customers,” said Wendy Peel, ReverseVision’s vice president of sales and marketing. “RVX users can now request quick and accurate flood zone determination and property tax data from LERETA without ever leaving the RVX system, allowing them to originate loans in RVX more efficiently than ever.”

RVX is ReverseVision’s flagship product. The LOS serves as a centralized exchange, connecting all participants in the lifecycle of a reverse mortgage by allowing them to log in to a single system to share documents and information for each part of the loan process.

ReverseVision clients can now request LERETA’s property tax 24-month payment history certificate as well as obtain a flood hazard certificate for their loans in RVX. Whether a client is already a LERETA customer today or trying LERETA’s services for the first time, the integration can save them time and potentially money on these transactions.

“LERETA is excited to amplify our involvement in the reverse mortgage space, adding ways in which we can better serve our customers, through this strategic alliance with ReverseVision,” said Richard Yonis, senior vice president of sales for LERETA. “ReverseVision mirrors our dedication to innovation and customer service, making this partnership a great fit for our continued growth.”

About LERETA

Since 1986, LERETA has provided the mortgage and insurance industries the fastest, most accurate and complete access to property tax data and flood hazard status information across the U.S. LERETA is committed to giving customers extraordinary service and cost-effective property tax and flood solutions. LERETA’s services are designed to increase efficiency, reduce penalties and liabilities and improve processes for mortgage originators and servicers. LERETA’s dedicated teams of real estate tax and flood professionals along with LERETA’s experienced management team allow the company to lead the industry in service and technology.

About ReverseVision

Recognized as a Deloitte's 2015 Technology Fast 500™ company, ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision technology than all other reverse mortgage LOS combined. ReverseVision has partnered with some of the finest and fastest-growing lending organizations in the U.S. to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors.

ReverseVision is recognized as a driving innovator in the reverse mortgage industry. ReverseVision continues to improve its software with frequent new innovations and by building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.

Source: http://www.lereta.com/news/2016/8/2/lereta...