Magazine article Mortgage Banking

RM Compass to Offer First American Reverse-Mortgage Services

Magazine article Mortgage Banking

RM Compass to Offer First American Reverse-Mortgage Services

Article excerpt

Spring, Texas-based Reverse Mortgage Solutions (RMS)--a specialist in reverse--mortgage origination, servicing and subservicing--announced in November that Santa Ana, California-based First American Corporation's reverse-mortgage packages and services are now integrated into its RM Compass [R] loan origination system (LOS).

RMS customers now have the opportunity to use First American's reverse-mortgage document preparation services directly through the RM Compass Web application, saving time and eliminating the need to rekey data, according to Chad Pupillo, RMS' director of origination systems.

"Our customers rely on us to build relationships with providers who have experience with reverse mortgages and offer products that will assist them with their operational processes," said Pupillo. "First American is a proven leader in reverse-mortgage documents and compliance. We are pleased to be able to add this important third-party provider to our enterprise LOS platform."

RM Compass users can order reverse-mortgage application kits and closing packages for a variety of reverse-mortgage products, including the HECM products and proprietary products, added Pupillo.

Agency-compliant packages ordered from First American can also be automatically indexed and stored in the loan's document repository, further enhancing the user experience, according to Randy Gilster, director of First American's outsourcing and technology solutions. …

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