The acquisition includes ReverseVision’s core platform, ReverseVision Exchange (RVX), RVDOC Composer (RVDOC) that provides customized and compliant reverse mortgage documents, and ReverseVision Sales Accelerator (RVSA), which includes advanced loan modeling and comparison tools. ReverseVision serves reverse mortgage lenders and investors.
The acquisition of ReverseVision marks CMS’s second in the mortgage space, following the acquisition of LOS and LSS provider, Mortgage Builder in 2019.
Houlihan Lokey acted as exclusive financial advisor to ReverseVision with respect to the transaction.
Terms of the deal were not disclosed.