Atlantic Coast Mortgage Chooses ReverseVision For New HECM Division

Posted by Patrick Barnard on April 07, 2017 No Comments
Categories : Residential Mortgage

Atlantic Coast Mortgage (ACM) is the latest lender to sign up for ReverseVision‘s RV Exchange (RVX) Web-based reverse mortgage origination software.

The lender, which serves seven states in the Mid-Atlantic region, is rolling out a new home equity conversion mortgage (HECM) division, with a special focus on the HECM for Purchase product.

HECM for Purchase is a Federal Housing Administration-insured reverse mortgage program through which qualified borrowers can purchase a home with no required monthly mortgage payment

Craig Minton, formerly of Bank of America and Wells Fargo, is heading up the new division as senior vice president.

“Whether it be to purchase a new home or refinance an existing home, the reverse mortgage loan is an excellent addition to ACM’s portfolio of quality loan products that help borrowers achieve their financial and homeownership dreams,” Minton says in a release. “Our dedicated reverse mortgage consultants will work closely with our experienced team of traditional loan officers and real estate agent partners to serve the needs of our senior clients.”

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