1st Reverse Mortgage USA Partners With Baseline Reverse to Develop and Implement Powerful New Pricing Engine Into Its Platform

DENVER, SAINT JOHNS, Fla. , May 8, 2019 (Newswire.com) - 1^st Reverse Mortgage USA® is recognized as a leader in training, educating and leveraging a reverse mortgage and traditional forward mortgage loan originator’s ability to originate reverse mortgages. Baseline Reverse is the reverse mortgage industry leader for loan pricing technology, focused on three main areas of business – Servicing Valuation, Capital Markets Technology and the revolutionary new reverse mortgage pricing engine.

"Together we embarked on a project to develop and implement a powerful new reverse mortgage pricing engine utilizing real time capital markets data into the 1^st Reverse Mortgage USA mortgage loan origination platform. Today, we are proud to announce the completion and successful implementation of the new pricing engine into the 1^st Reverse Mortgage USA Platform," said Dan Harder, Senior Vice President, 1st Reverse Mortgage USA.

"This is a Game Changer! The new pricing engine allows reverse and traditional forward mortgage loan originators to create instant, competitive reverse mortgage pricing scenarios customized, specifically for their borrower. The new pricing engine combined with our platform puts the mortgage loan originator in a class by themselves – making them more competitive and customer-oriented," continued Harder.

"This New Pricing Engine was developed through a combination of market research and a thorough evaluation of customer needs, uncovering that certain lenders have begun seeking rapid and accurate pricing solutions," said Dan Ribler, President Baseline Reverse. "The new pricing engine technology named ‘SureLock’ is designed to process large amounts of pricing data and produce instantaneous responses satisfying the expectations of today’s digital mortgage loan originators and borrowers. We’re in an industry where speed and accuracy are integral to a company’s success."

"The implementation of the new pricing engine makes the 1^st Reverse Mortgage USA Platform the only offering on the market that collects up-to-the minute price data, allowing mortgage loan originators to shape the most competitive loan scenarios and view the results immediately on a desktop, tablet or their phone. It is critical for mortgage loan originators to be able to generate accurate loan eligibility and pricing decisions in an extremely rapid manner. If price data isn’t current, mortgage loan originators will frustrate borrowers and may be perceived as not being competitive," said Harder.

The ability of the new pricing engine to provide real time capital markets data combined with the connectivity top the 1^st Reverse Mortgage USA platform; gives a reverse and traditional forward mortgage loan originator the confidence and speed to secure accurate pricing at the point of sale.

About Baseline Reverse

Baseline Reverse is the reverse mortgage industry leader for loan pricing technology, focused on three main areas of business – Servicing Valuation, Capital Markets Technology and SureLock.

• Servicing Valuation – Baseline Reverse provides whole loan, bond, and MSR valuations for several of the reverse mortgage industry’s largest participants, including loan originators, closed loan sellers, reverse mortgage backed security (HMBS) issuers, and servicers.  In the past 12 months Baseline Reverse has been engaged to value over $50 Billion of reverse mortgage servicing rights, representing the bulk of the total HMSR outstanding.　 Baseline Reverse is also the leader in the reverse mortgage industry for loan level performance analytics.  Baseline Reverse’s prepayment model is used by many reverse mortgage loan originators and several Wall Street broker dealer trade desks. 　　
• Capital Markets Technology – Pricing. Baseline Reverse offers web-based loan level pricing models, position management tools, and rate sheet generation capability, giving capital markets desks all the tools needed to capture more market share at the most attractive valuations.
• Market Scoping. Loan level HMBS detail and endorsement data give users insight into what’s working, and what’s not.
• SureLock is a revolutionary, proprietary new reverse mortgage pricing engine which allows mortgage loan originators to create instant, competitive reverse mortgage pricing scenarios customized specifically for their borrower the way reverse mortgages are originated.　 Visit www.Baselinereverse.com/Surelock or call (703) 618-4417.

About 1^st Reverse Mortgage USA

1^st Reverse Mortgage USA® is recognized as a leader in training, educating and leveraging a reverse mortgage and traditional forward mortgage loan originator’s ability to originate reverse mortgages. 1^st Reverse Mortgage USA supports origination platforms through retail, wholesale, bank, credit union and correspondent channels.

1^st Reverse Mortgage USA® is a division of Cherry Creek Mortgage Company, Inc. which has over 70 retail branches across the country with over 300 experienced and knowledgeable Mortgage Loan Specialists. Through the platform and support of 1^st Reverse Mortgage USA Cherry Creek Mortgage loan officers can offer their clients traditional Reverse Mortgages as well as Reverse Mortgage for Purchase.

1^st Reverse Mortgage USA offers a diverse set of products including Reverse Mortgages, FHA Loans, VA Loans, USDA Loans and Conventional Loans. The company is a division of Cherry Creek Mortgage Co., Inc., with direct endorsement authority from HUD, Fannie Mae (FNMA), Ginnie Mae (GNMA) and Freddie Mac (FHLMC).　 Visit www.1stmortgage.com or call (877) 217-0166.

Source: 1st Reverse Mortgage USA