Proficio Mortgage Ventures, LLC (PMV), Reverse Mortgage Division, Reports Month Over Month Growth with Successful Implementation of its 2014 Strategic Initiatives

The Reverse Mortgage Division of PMV responded quickly to reduce the impact of the new HUD regulations for all FHA case numbers issued after September 30, 2013.

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friendRepost This
“Experienced processing, internal underwriting with quick turnaround, strong technology, and dedication to each individual’s success are just a few of the reasons why we have been so successful in our recruiting efforts,” stated Joe Rizzo.

Henderson, NV (PRWEB) April 29, 2014

The Reverse Mortgage Division of PMV responded quickly to reduce the impact of the new HUD regulations for all FHA case numbers issued after September 30, 2013. Like many of its competitors, loan production at PMV was dramatically reduced as the new initial advance restrictions reduced an average loan amount by as much as 40%. The management team responded by investing in a robust and powerful custom sales software platform that is fully integrated with ReverseVision data in order to support strong growth both within its Direct to Consumer and its Distributed Retail operations.

The National Direct to Consumer Operations Center in Henderson, NV has hired 5 inside sales loan officers and 2 new processors in order to capitalize on new marketing opportunities and the newly streamlined sales and processing platform. The Direct to Consumer production output in March improved by almost 48% over February results, and similar month over month improvement is expected in April. This growth trend is expected to continue as the PMV Reverse Division leverages the technology and best practices developed over the management group’s last 8 years in the reverse mortgage industry. The company is well positioned to capitalize on its recently implemented marketing strategies.

Joe Rizzo and John Metcalf, The National Reverse Mortgage Division Managers in charge of Distributed Retail operations reported that their group successfully doubled the outside sales force in the first quarter of 2014. “Experienced processing, internal underwriting with quick turnaround, strong technology, and dedication to each individual’s success are just a few of the reasons why we have been so successful in our recruiting efforts,” stated Joe Rizzo. The additional production from this group of new loan officers helped the PMV reverse division achieve an astounding 85% growth month over month from February to March.

Established in 2012 and headquartered in Henderson, Nevada, the Reverse Mortgage Division of PMV is a full service reverse mortgage lender offering complete back office support to its branch partners and loan officers. With a dedicated management and support staff offering more than 50 years of specialized experience, strong investor and vendor relationships and an active member of NRMLA, the company is poised to continue its growth in the reverse mortgage industry.

The PMV Reverse Mortgage Division is a top 6 reverse mortgage lender, and is licensed to originate in 48 states and Washington D.C. under the Federal NMLS registration. The Reverse Mortgage Division offers an entire suite of services including full service processing, in-house underwriting and funding, a scenario desk and an application fulfillment team. Possessing a fine tuned business model, cutting edge technology, excellent customer service and extensive product knowledge, the Reverse Mortgage Division at PMV is a solid partner our branches and loan officers can trust.

Proficio Mortgage Ventures, LLC (PMV) is a wholly owned subsidiary of Proficio Bank a member bank of the FDIC. PMV is an Equal Housing Lender, Equal Opportunity Lender and an Equal Opportunity Employer. For more information regarding the Reverse Mortgage Division at PMV, visit the division’s website at: http://www.proreverse.com.

For employment inquiries please visit http://www.pmvjobs.com/pr.html.

###

Reverse mortgages have seen a surge in popularity and acceptance as the baby boomers hit retirement age. The product is now being viewed as a reliable and excellent tool for seniors to remain in their homes and maintain their independence. Proficio Mortgage Ventures, LLC is a company like none other, offering to assist those that are helping seniors enrich their retirement.


Contact