Mortgage Coach and ReverseVision introduced an online program that allows loan originators to give consumers a comparison of how reverse mortgages perform against traditional mortgages over the lifetime of the loan.
Dubbed Reverse TCA, the integrated presentation will enable all loan officers to educate consumers with borrowing terms for reverse mortgages and features such as flexible disbursement options in comparison to traditional mortgages, Mortgage Coach, a fintech focused on attracting and retaining mortgage borrowers, said in a news release.
“There was no easy, simple way for a loan officer to lay out a reverse analysis to a consumer,” said Dave Savage, CEO details ⇒
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