TRENDING WHITEPAPERS,VIDEOS & MORE
- Friday, 21 January 2022
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.”Read more...
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
- Thursday, 13 January 2022
- 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.Read more...
Fannie Mae Launches Free Online Education Course, Empowering Aspiring Homebuyers to Become Confident, Successful Homeowners
- Wednesday, 12 January 2022
Fannie Mae HomeView Broadens Access to Homeownership Education Resources, Prepares Consumers for All Stages of the Homebuying Process
WASHINGTON, DC – January 12, 2022 – Fannie Mae (FNMA/OTCQB) today announced the launch of HomeView™, the company’s new online homeownership education course, to help consumers navigate the mortgage and homebuying process confidently and responsibly. Available free of cost, and accessible online anytime on any device at fanniemae.com/education, HomeView provides comprehensive, easy-to-understand content and resources designed to ensure aspiring homebuyers are well equipped to become more informed and successful homeowners.
Complexity in the homebuying process and misinformation or lack of understanding about qualification requirements can discourage potential homebuyers from taking their first steps toward purchasing a home. According to Fannie Mae research, a majority of consumers do not know the minimum credit score, down payment, and debt-to-income ratio needed to qualify for a mortgage, and fewer than 1 in 4 are aware that low-down-payment options are available. Additionally, homeownership education that aligns with the National Industry Standards is required for many first-time homebuyers to qualify for certain mortgage products, including low-down-payment loans. Fannie Mae’s HomeView meets this need by giving lenders and prospective homebuyers a free and easy way to benefit from critical homeownership education. By expanding access to reliable housing and financial knowledge, Fannie Mae provides a clearer path to homeownership for more qualified homebuyers, including low- and moderate-income and minority borrowers, helping to advance housing equity and address the homeownership gap among these communities.
“Fannie Mae is committed to creating equitable and sustainable homeownership opportunities for more people. With HomeView, we are providing aspiring homeowners with free tools and information that will demystify the homebuying process and put sustainable homeownership within reach,” said PJ McCarthy, Vice President of Affordable Lending and Housing Equity, Fannie Mae. “Broadening access to quality, trustworthy homeownership education is a proven first step to empowering homebuyers to become successful homeowners. HomeView puts people on the path to buying a home while preparing them for long-term success.”
Data from Fannie Mae’s Q2 2021 National Housing Survey® show that consumers continue to want information about purchasing and owning a home but have lacked a trusted, centralized source. Among those surveyed, all consumer segments – renters and homeowners, and across race and ethnicity – reported significant interest in learning about how much home they could afford as well as their financing options. In particular, Black renters expressed the most interest in learning more about the homebuying process, including the documents required, how to gain pre-approval from a lender, potential down payment assistance programs, and best practices around personal finance and credit score management.
“For many homebuyers, especially first-time homebuyers, the mortgage and home purchase lifecycle can be intimidating and overwhelming. Having a reliable, single source of information in common, everyday language can make the difference for aspiring homeowners, no matter where they are on their housing journey. That’s why we’re so proud to launch HomeView,” said McCarthy. “As a leader in U.S. housing and mortgage finance for more than 80 years, Fannie Mae is able to provide intuitive, credible, on-demand learning to enable all consumers to become more engaged and informed homeowners. We are investing in a full-lifecycle education portal that will continue to be updated and tested, offering additional resources and support. And by making HomeView available for free, we are removing the cost barrier for lower-income borrowers to meet the homeownership education requirement for more affordable mortgages.”
Fannie Mae collaborated with consumers and industry experts, including housing counselors, mortgage insurers, government organizations, and other stakeholders, to ensure HomeView content aligns with National Industry Standards for pre-purchase homeownership education and addresses common homebuyer knowledge gaps and pain points. The course includes seven interactive learning modules that guide the user through the steps of buying and owning a home:
- Knowing When You’re Ready
- Saving for Homeownership
- Understanding the Mortgage Loan Process
- Shopping for a Home with a Real Estate Agent
- Making an Offer on a Home
- Getting Ready to Close on Your Loan
- Welcome to Homeownership
The interactive course components are designed to be completed in 30 minutes or less, and consumers can pause and resume at any time. Users who complete the course and achieve a score of 80% or higher receive a certificate of completion to share with their lender to meet the education requirement for most mortgage products, including low-down-payment loans.
HomeView also provides access to tools and resources, including checklists and calculators, and a link to find HUD-approved local housing counselors for consumers who would like additional support throughout the process of buying and owning a home. There is no limit to the number of times users can take the HomeView modules or access the available resources. At the time of launch, HomeView content is available in English and additional language options will be available in the future.
View the online course and materials at fanniemae.com/education.