Data Repository

How does the RMI Data Repository promote the Reverse Mortgage industry?

If your business is reverse mortgages, your performance data combined with that of your peers can help secure the industry’s future. Our industry is in desperate need of credible information to show regulators and consumers that we are part of the financial solution and not the problem for seniors. RMI is dedicated to creating this crucial data foundation for the industry in a way that protects your confidential information and customers, while maximizing the value of this data to the industry and you as a participant.

Participate today to secure our industry’s future and your next generation of performance tools.

Value Proposition

Data Repository Samples DRAFT

Current Status

Top 10 Lenders Participating: 30%

Origination Loan Volume Represented: ~44%

Estimated Servicing Loan Volume Represented: ~50%

Projected First Report Date: 2010 Third Quarter

Implementation

  • Information collected is virtually identical to what lenders and servicers already report to investors and HUD, so the impact of designing a new data process is minimal
  • Full customer information never received, eliminating GLBA Privacy Act concerns and substantially reducing risk to participating lenders
  • Contracts provide participants confidentiality protections and clear definitions of project goals

Industry best practice technology and processes in place to ensure data is always secure.

Servicing Fields Template v20100120

Origination Fields Template v20100121

Data Security Memo

CONTACT US TODAY TO PARTICIPATE >