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Description
Knock introduces an innovative bridge loan that empowers homeowners to acquire their next property before finalizing the sale of their current residence. This program allows individuals to tap into as much as $500,000 in equity from their existing home, which can be utilized for various expenses such as down payments, renovations, relocation fees, and even to consolidate debts. Remarkably, the loan remains interest-free for a period of up to six months, granting borrowers greater financial leeway during their transition. By excluding the current mortgage from the calculations for the new mortgage, buyers can present more attractive, non-contingent offers, substantially enhancing their likelihood of success in competitive housing markets. Additionally, Knock provides up to $35,000 in funds for home preparations, ensuring that the current property is well-equipped for sale. Should the home fail to sell within the six-month timeframe, Knock guarantees a purchase offer, delivering peace of mind through a predetermined sale price. The company works closely with real estate agents and lenders to streamline the entire process, with the goal of making the journey between homes as convenient and straightforward as possible. This comprehensive approach not only alleviates the stress of moving but also empowers homeowners with the confidence to make significant decisions regarding their real estate transactions.
Description
ReverseVision® (RV LOS) stands at the forefront of reverse mortgage technology, offering an all-encompassing platform that guides users from initial proposals through to post-closing procedures. This innovative software caters to the growing market of homeowners aged 55 and above, enabling them to tap into their home equity while providing financial institutions with low-risk lending opportunities.
The RV LOS system streamlines the entire reverse mortgage process, featuring accurate product quotes, comprehensive documentation, and robust processing and underwriting capabilities. Its versatile interface accommodates brokers, lenders, and investors, ensuring seamless collaboration throughout the loan lifecycle. By incorporating both HECM and proprietary reverse mortgage products into your financial offerings, you can enhance liquidity for both your organization and your clients, starting today.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Knock
Founded
2015
Country
United States
Website
www.knock.com
Vendor Details
Company Name
ReverseVision
Country
United States
Website
constellationmortgagesolutions.com/reversevision-los/
Product Features
Product Features
Loan Origination
Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application