ANALYZER

Our proprietary Tracker is a unique service tailored for the reverse mortgage industry. It provides daily forecasts showing the impact of anticipated rate changes on prospective borrowers. These updates deliver crucial insights into how fluctuations in expected rates can alter the loan amounts accessible to the individual client.

With this service, loan originators are equipped to explain to their clients how shifts in the market could affect their potential loan amounts, enhancing understanding and aiding in decision-making.

With the click of a button, the user can model making payments equal to their current mortgage payment, just the interest and mortgage insurance accruals, any custom payment(s) at any time in any amount, or no payments at all.

With the click of a button, the user can model draws from their growing line of credit in amounts equal to the growth of the line of credit, any custom draws, or a single lump sum amount.

The growing LOC is a powerful feature of today’s reverse mortgage. ANALYZER includes a groundbreaking sales tool that allows subscribers to model options for converting a client’s LOC into regular monthly payments in any year in the future.

When the borrower makes payments, ANALYZER will automatically calculate a projected IRS Form 1098 showing potential tax deductions for mortgage insurance and mortgage interest paid.

This feature focuses on the homebuyer’s options by identifying the net proceeds from selling their current home and using our innovative tool to adjust the new home sales price. This demonstrates the homebuyer’s remaining cash (or cash needs) when using a reverse mortgage to purchase the desired home.