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Deephaven Announces Jumbo-Prime Loans to Help Mortgage Banks and Brokers Compete for High-Net-Worth Borrowers

Loans of Up to $3 Million Offer Flexible Terms, Such as 

LTVs of 80% or Higher

CHARLOTTE, N.C. — January 24, 2022 — To help mortgage bankers and brokers compete for high-net-worth borrowers whose needs exceed 2022 conforming loan limits, Non-Agency/Non-QM lender Deephaven Mortgage is announcing a new Jumbo-Prime loan product.

Deephaven is now providing loans of up to $3 million for primary residences, second homes and investment properties (such as two- to four-unit homes) with highly flexible terms--including maximum LTVs of 89.99% for loans up to $2 million, and 80% for mortgages above that amount, with no PMI.

“Whether they want to snap up coveted rentals or a mansion outside the city, these high-value customers expect white-glove treatment without delays,” said Shelly Griffin, Senior Vice President, Client Development, Deephaven. “Our account representatives work collaboratively with mortgage bankers and brokers to make fast decisions, expedite paperwork, and manufacture products that meet these borrowers’ specific needs.”

Deephaven will provide these full-documentation loans to individuals with DTIs of up to 43% and credit scores down to 660.

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ReverseVision Hires Industry Veteran Steve Butler as Director of Business Development

Leading provider of reverse lending software continues expansion, bolsters sales team

SAN DIEGO, Calif., Jan. 20, 2022 — ReverseVision®, the leading national provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, announced that it added long-time mortgage professional Steve Butler to the company’s sales team, who brings more than 35 years of experience to the company. ReverseVision has been adding resources in key functional areas as part of its strategic expansion plan. 

In this role, Mr. Butler will build upon ReverseVision’s strong footprint in the reverse mortgage space. Specifically, he will educate lenders on the opportunity with reverse mortgage products and introduce the ReverseVision Exchange (RVX) loan origination system (LOS) to traditional lenders that are looking to add reverse products. In addition, he will update lenders on ReverseVision’s API roadmap to enable reverse products to coexist with their existing LOS system, while also communicating with brokers and the wholesale lending community to begin originating reverse loans using RVX technology. 

“We are pleased to have someone with Steve’s industry experience and talent join our growing team,” said Bill Mitchell, CRO at ReverseVision. “We continue to see an increasing demand for our reverse lending technology and adding mortgage professionals like Steve who possess rich industry experience and a proven track record of success will help us better serve clients as ReverseVision continues expanding.” 

Prior to joining ReverseVision, Mr. Butler spent just over a decade at mortgage compliance software provider QuestSoft where he spurred the company’s sales and business development efforts for a leading mortgage product. While there, he worked closely with independent mortgage bankers, banks, credit unions and LOS vendors. Mr. Butler was consistently a top producer at QuestSoft, part of the management team, and helped with the transition after an acquisition by Ncontracts.  

Mr. Butler’s lengthy career in mortgage spans working for mortgage technology companies, lending entities and consulting firms. He is a seasoned sales professional that has experience in a multitude of mortgage lending facets.

“I am excited to join the team at ReverseVision and begin working with lenders to assist in diversifying their product offerings using technology,” Butler said. “There is a great opportunity in reverse mortgages; it’s an ideal time to leverage technology like ReverseVision offers to empower lenders with tech tools for success in reverse lending.”   

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Entries Now Open for Third Annual Rocket Mortgage Super Bowl Squares Sweepstakes, World’s Largest Game of Squares to Give Away More Than $1 Million During Super Bowl LVI

  • Two grand prize winners will receive $500,000 each that can go toward a dream home. Additionally, $50,000 will be awarded every time the score changes.
  • Sweepstakes has awarded a total of $3.3 million to 29 winners in the last two years. 

DETROIT, January 12, 2022 – Rocket Mortgage, the nation’s largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today announced entries are open for the third annual Rocket Mortgage Super Bowl Squares Sweepstakes – the world’s largest official game of Super Bowl squares. Entries are welcome through February 11, at RocketMortgageSquares.com

The giveaway’s rules remain the same as years past. A grand prize winner will be announced during halftime of Super Bowl LVI and at the end of the game – each winning $500,000. Rocket Mortgage will also award $50,000 for each scoring play during the Super Bowl. That’s every score change whether it’s a touchdown, extra point, two-point conversion, field goal or safety.

“Watching the Super Bowl has been a staple of American culture for the last 55 years and introducing the Rocket Mortgage Super Bowl Squares in 2020 has elevated that experience for millions of viewers across the country,” said Bob Walters, CEO of Rocket Mortgage. “We love adding another exciting element for people through our squares sweepstakes – one of the largest giveaways in any sport. Past winners have had their lives transformed and we are eager to give more Americans that opportunity again this year.”

For the past two years, millions of Americans – hardcore football fans and casual observers alike – have watched The Big Game more intently than usual, crossing their fingers for the chance to score big every time a team on the field scores during the game. Since the inaugural giveaway in 2020, Rocket Mortgage has awarded a total of $3.3 million in prize money to 29 fans across the country. 

“Entering the Rocket Mortgage Super Bowl Squares Sweepstakes and winning $500,000 was a bright spot in a difficult year,” said Derrick Collins, a Pennsylvania resident who was one of two grand prize winners in 2021. “When I entered the giveaway for fun, I let my mind wander to ‘what if I won the grand prize?’ but I never thought it would be me. I hope my story inspires others who are thinking about entering – it just might change your life.”

Those hoping to win big can enter for free at RocketMortgageSquares.com. Sign up is easy. Participants select one of the 100 squares on a 10-by-10 grid. After the entry period closes, each row and column will be assigned a random number between zero and nine. One axis of the grid will represent the last digit of the NFC Champion’s score and the other will align with the last digit of the AFC Champion’s score.

Every time the score changes during Super Bowl LVI, airing at 6:30 p.m. EST, February 13 on NBC, a winner will be randomly selected from the pool of entrants on the square that aligns with the last digit of each team’s score.

As a bonus, fans can share the sweepstakes registration information on their social pages and unlock more opportunities to win! Each time a follower or friend signs up with the entrant’s unique link, they will receive one extra square - up to 10 additional spots. New this year, anyone who has a referral sign up to play will be placed into a weekly drawing for a chance to win a $100 NFLShop.com gift card. Every Friday throughout the sweepstakes, 100 winners will be randomly chosen for a total of $10,000 in prizes each week – making this year’s game bigger and better than ever before with $50,000 in additional prizes. 

The sweepstakes is part of Rocket Mortgage’s multi-year partnership with the National Football League (NFL). Entries must be submitted by 11:59 p.m. EST on Friday, February 11, 2021. No purchase necessary. A purchase will not increase or modify your chances of winning in any way. To be eligible, entrants must be 18 years of age or older and the age of majority in their state of residence, and a legal resident of the 50 United States or D.C. To see full official rules and enter the sweepstakes, visit RocketMortgageSquares.com.

About Rocket Mortgage

Detroit-based Rocket Mortgage, the nation’s largest home mortgage lender and part of Rocket Companies (NYSE: RKT), enables the American Dream of homeownership and financial freedom through its obsession with an industry-leading, digital-driven client experience. In late 2015, it introduced the first fully digital, completely online mortgage experience. Rocket Mortgage closed $320 billion dollars of mortgage volume across all 50 states in 2020. 

Rocket Mortgage moved its headquarters to downtown Detroit in 2010. Today, Rocket Mortgage and Rocket Companies employ 26,000 full-time team members nationwide. The company generates loan production from web centers located in Detroit, Cleveland and Phoenix and operates a centralized loan processing facility in Detroit. Rocket Mortgage ranked highest in the country for customer satisfaction for mortgage servicing by J.D. Power the past eight straight years, 2014 – 2021.

Rocket Companies, Rocket Mortgage’s parent company, ranked #5 on Fortune’s list of the “100 Best Companies to Work For” in 2021 and has placed in the top third of the list for 18 consecutive years.

For more information and company news visit RocketMortgage.com/PressRoom.

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