Reverse Mortgage Solutions, Inc. (RMS)

 

Reverse Mortgage Solutions, lnc_ ("RMS") was formed in 2007 by a group of leading mortgage and technology executives to meet the Growing demands of the reverse mortgage marketplace. Reverse Mortgage Solutions, Inc. is headquartered in Houston, TX and on September 30, 2019, became a wholly owned subsidiary of Mortgage Assets Management, LLC (MAM). RMS' functional businesses include master servicing, sub-servicer oversight, and Ginnie Mae HMBS issuance. RMS is a HUD and Fannie Mae approved seller/servicer, as well as an approved Ginnie Mae lssuer, Servicer and Master Servicer for reverse mortgage HMBS (HECM MBS).
RMS's management is responsible for establishing and maintaining sound internal controls; setting the tone regarding compliance, ethics, integrity, and a commitment to our borrowers, which are paramount ideals needed to drive the success of the organization. RMS’ Sub~Servicer Oversight Program (the Program] provides a proactive approach to oversight of its Sub-Servicers (SS) which aligns with federal and state regulations, as well as the requirements of the regulatory agencies (e.g,, GNMA, FNMA HUD, etc.). RMS's mission is to provide superior mortgage portfolio oversight and advisory services that: promote the fair treatment of our BORROWERS; optimize portfolio performance and profitability for our INVESTORS; adds value for our BUSINESS PARTNERS; and creates an enriched work environment for our EMPLOYEES.

  • Effectively and efficiently manage mortgage servicing performance using a combination of oversight activities, technology and advisory services, be a best-in- class Master Servicer of reverse mortgages.
  • Utilize the expertise of managing reverse mortgage portfolios to expand into other advisory services, including portfolio acquisition due diligence, servicing oversight and providing other specialized servicing functions.
  • Ensure our borrowers receive a positive experience and are always treated fairly.

As an approved Ginnie Mae issuer and servicer, RMS has been involved in the construction of issuance tapes for over 1,800 HMBS Securities that have been issued to date. RMS has tremendous flexibility and experience when it comes to issuance of HMBS and MBS securities. The company can function as an issuer, and master servicer as well as provide monthly participation accounting for both HMBS and private label MBS securities. RMS performs quality control audits of the loans selected (loans and un-securitized participations) and preparation of documents and reports needed to issue the HMBS.