Kiel Mortgage Using ReverseVision To Originate HECMs

Posted by Patrick Barnard on June 06, 2017 No Comments
Categories : Residential Mortgage

Kiel Mortgage has chosen ReverseVision‘s RV Exchange (RVX) loan origination software (LOS) to power its home equity conversion mortgage (HECM) division.

Founded three decades ago by a husband-and-wife team, Kiel Mortgage is a privately held mortgage lender serving three states in the Pacific Northwest region.

After originating a handful of HECMs over the years, Laura Kiel, co-founder of Kiel Mortgage, decided to add HECMs as a permanent part of her company’s product line and created a reverse lending division under her supervision.

“Even before establishing our reverse mortgage division, we were originating a few HECMs per year,” Kiel says in a release from ReverseVision. “With each transaction, we saw how helpful this product is and how much comfort and peace of mind it brings to borrowers.

“Once HUD revamped the HECM program to offer even greater borrower benefits and security, we knew HECMs would become an important opportunity for many people over the age of 62 and decided to establish a specialty in reverse mortgages,” she adds.

Committed to educating the Pacific Northwest on all things HECM, Kiel makes a monthly appearance on “Aging Options,” a radio show that focuses on a wide range of issues affecting seniors.

Hosted by an elder law attorney, “Aging Options” is the No. 1-rated Saturday morning radio program in the Seattle area.

In addition, Kiel Mortgage hosts its own weekly radio show on Sundays to educate listeners on the Seattle-area housing market and answer questions on real estate financing options, including HECMs.

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