RM NAVIGATOR®
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RMS, a HUD, Ginnie Mae and Fannie Mae approved servicer, developed a specialized, state of the art, scalable SaaS reverse mortgage servicing system (RM NAVIGATOR®) that meets all of the requirements needed to service reverse mortgages. Designed from the ground up for reverse mortgages, the RM NAVIGATOR® system meets all of the requirements of FHA, FNMA and private investors, as well as provides "senior" customers with a user-friendly monthly accounting statement of their reverse mortgage. Custom reporting for Private Investors and Mortgage Backed Bonds can be easily accommodated. Our system operates in a totally secure and redundant environment on a SQL server.
RM NAVIGATOR® is a true enterprise premier Reverse Mortgage Servicing System developed specifically for the reverse mortgage industry and was a key element in the 'Above Average' rating RMS received from Standard & Poor's. RM NAVIGATOR® provides a rich and robust user interface for end-to-end reverse mortgage servicing. RM NAVIGATOR® supports all five HECM payment plan options; Line of Credit, Term, Tenure, Modified Term, and Modified Tenure. RM NAVIGATOR® has built in calculations and business validations for principal limits, service fee set asides (SFSA), ARM adjustments, MIP and interest accrual. RM NAVIGATOR® supports all servicing functions such as issuing monthly statements, payoff requests, draw requests (both ACH & direct checks), notification of interest rate changes, property tax monitoring, insurance and occupancy compliance. In addition, HUD approved letter and statement generation is automated. RM NAVIGATOR® is a highly scalable SQL 2005 server based platform.
- SQL Server 2005 Based (Highly Scalable)
- Web-enabled (Accessible via encrypted CITRIX presentation server)
- Designed by developers with 7+ years of HECM product experience
- HUD compliant: all letters, release documents, calculations, etc are HUD approved
- Supports all Functionality required for Reverse Mortgages
