If you have considered entering the fast-growing reverse mortgage market, now is a perfect time. With more seniors using reverse mortgages to maintain their standard of living and the first wave of baby boomers reaching retirement, the reverse mortgage market is expecting 50 percent year-over-year growth for the next decade.
LPS can help you take advantage of this powerful revenue opportunity through a strategic partnership with RMS, the industry’s reverse mortgage experts. LPS and RMS can quickly facilitate your entry into the profitable reverse mortgage market with your choice of both private-label and turnkey origination solutions.
Private-Label Origination of Reverse Mortgages
Through private-label solutions, you can focus on additional revenue opportunities for your company, while RMS’ experienced professionals manage reverse mortgage loan originations on your behalf. RMS’ friendly, talented staff will brand phone calls and send out loan documents and other materials with your company’s name and logo, so RMS’ private-label support will remain transparent to your customers. With RMS as your “back-room facilitator,” you can avoid the need to develop your own reverse mortgage servicing team or technology.
Turnkey Reverse Mortgage Origination Solutions
LPS can fully support lenders interested in originating reverse mortgages with a dynamic, Web-based loan origination service. Our enterprise-class lending platform performs the “heavy lifting” of standard mortgage operations, so you can focus on business development and exceptions handling. Using business rule management, LPS’ origination platform features a dynamic central user interface, a modular toolkit and advanced workflow with automation, imaging and data warehousing.
Find out how LPS can increase your market share and revenue by adding reverse mortgages to your product portfolio. For more information or a free consultation, call 800.991.1274 or e-mail mortgage.marketing@lpsvcs.com.