Allegiant Reverse Services Acquired by Stewart Stewart Information Services Corp. bought FNC Title Services LLC (FNC), which owns Allegiant Reverse Services, Roseville, CA. “As more and more homeowners are looking at home equity as viable retirement savings, the demand for reverse mortgages is increasing, and FNC has built one of the largest and best settlement service providers for reverse mortgages,” said Stewart CEO Fred Eppinger in a news release. “As in any real estate market, technology and innovation are key to success, and by leveraging Stewart’s products and platforms, FNC will be able to deliver security and ease of use to a growing market segment. Their strength in reverse mortgages complements our existing lender services business lines and continues our momentum as we build a leading lender services organization.” Celink Utilizes Cloud Developer to Refine Servicing Tech Gravicore, a technology company specializing in the deployment of cloud computing and data management solutions for financial services firms, released a case study detailing its build-out and delivery of a cloud-based technology infrastructure for reverse mortgage subservicer Celink. An Amazon Web Services Select Partner, Gravicore’s work on behalf of Celink delivered measurable cost savings and improvements to staff productivity, operational resilience, organizational controls and business agility. Gravicore redesigned Celink’s technology platform to accelerate and enhance the subservicer’s decision-making capabilities and modernized various technology-enabled workloads across Celink’s many business functions, from enabling line of credit withdrawals to be made through its self-service borrower portal to engineering a streamlined investor reporting system. FAR Announces Partnership With Morningstar Finance of America Reverse (FAR) announced an agreement with Morningstar Inc. to become its first reverse mortgage education provider. FAR’s educational tools will be available to 150,000 financial advisers in the U.S. through Morningstar Advisor Workstation™, a web-based investment and financial planning system, helping fill a significant gap between financial advisers’ guidance and consumers’ expectations. “Financial advisers play a critical role in helping people plan for their retirement. Teaming with Morningstar will ensure that more advisers are educated about home equity solutions as they create a diverse and long-term financial strategy for their clients,” said FAR President Kristen Sieffert in a news release. “This relationship builds on FAR’s pursuit of a strong connection to the financial adviser community where we can deepen conversations about home equity as an avenue for people to reach their goals in retirement.” Member News Who’s Who in Reverse Mortgages 34 REVERSE MORTGAGE / JANUARY–FEBRUARY 2023
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