#reverse #mortgage #counseling #locator
Origination Platform (RMO )
Ibis Reverse Mortgage Originator (RMO) is designed for lenders — you can take applications, process, underwrite and close loans, compare products side-by-side, control pricing parameters, generate application and closing documents, manage clients and prospects, administer user accounts and access.
Consumer Calculator (RMC )
This Ibis Reverse Mortgage Calculator (RMC) is quite universal and allows consumers to compare any type of reverse mortgage. The Ibis online calculators receive 30,000 visitors each month. It is used on the consumer websites of the NRMLA and several major lenders.
HECM Counseling (RMA )
Ibis Reverse Mortgage Analyst (RMA) was the first software to match the AARP Foundation’s “Model Specifications”. RMA is designed for HUD-approved counselors. RMA can compare any proprietary loan to various HECM alternatives. Ibis RMA follows the 2010 HUD HECM Counseling Protocol.
Ibis can help you design, stress test, and offer new unique jumbo products. We have lots of data on actual loans and have created sophisticated simulation models that can help you design innovative jumbo products and offer them to your brokers and correspondents through Ibis Software. Ibis has assisted several lenders and investors design and deploy jumbo products.
Financial Planner (WM )
There is a growing sentiment that reverse mortgages can play a vital role in financial planning as well. To illustrate the validity of this claim quantitatively, Ibis conducted a thorough analysis and published its findings in the Journal of Financial Planning (Dec 2013 | Vol 26 | No 12) . Based on its findings, Ibis has developed a financial planner module that uses advanced Monte Carlo simulations to show the benefits of using a reverse mortgage as a portfolio withdrawal supplement. This module is integrated in our origination software and can be easily used by financial planners and loan offiers to illustrate this added benefit to the borrower. Financial planners at a renowned bank are thrilled to use this integrated module. To learn more, please call us.
Counselor Locator (RML )
Ibis has the most up-to-date, HUD-compliant HECM counselor locator. This locator is available for consumption as a web service. If you are interested in using this locator to produce a HUD-compliant HECM counselor list, please contact us.