Terms of Use

These Terms of Use (“Terms”) govern your access to and use of WholesaleReverse.com (the “Site”), which is operated by South River Mortgage, LLC (NMLS ID 1854524) (“South River Mortgage,” “we,” “us,” or “our”). By accessing or using the Site you agree to these Terms and to our Privacy Policy. If you do not agree, do not use the Site.

If you use the Site on behalf of a company, you represent that you are authorized to bind that company to these Terms, and “you” includes the company.

The Site is intended for mortgage professionals, financial institutions, and their authorized representatives who are evaluating or participating in South River Mortgage’s wholesale, correspondent, and principal agent reverse mortgage programs. It is not directed to consumers and is not an advertisement for consumer credit.

Nothing on the Site is an offer to lend, a commitment to enter into any agreement, or an offer to purchase loans. Program availability, pricing, compensation, eligibility, and terms are subject to change without notice and to the written agreement between your company and South River Mortgage. All loans are subject to credit and property approval.

Portions of the Site may be protected by an access code. You may use an access code only if South River Mortgage or one of its representatives provided it to you, and you may not share it with anyone outside your company. We may change or revoke access at any time. You are responsible for activity that occurs through your access.

The revenue calculator and any other tools on the Site produce illustrative estimates based on the figures you enter and general assumptions about reverse mortgage economics. They are not a quote, rate lock, guarantee, or commitment of compensation, pricing, or loan approval. Actual results depend on your written agreement with South River Mortgage, the characteristics of each loan, market conditions, and applicable law, including loan originator compensation rules.

The Qualify Your Book tool lets you upload a loan tape so we can screen the loans in your portfolio for reverse mortgage eligibility. When you upload a loan tape you represent and agree that:

• You are authorized to share the data with South River Mortgage, and doing so does not violate any law, regulation, privacy notice, or agreement that applies to you, including the Gramm-Leach-Bliley Act and any state privacy law.
• The data is accurate and current to the best of your knowledge, and you will not upload data about anyone you are not permitted to share.
• You grant South River Mortgage a non-exclusive license to store, process, and analyze the data, and to contact you about the results, for the purpose of evaluating and pursuing a partnership between your company and South River Mortgage.

Qualification results are a preliminary screen only. They are not a credit decision, approval, or commitment for any borrower, and they do not guarantee that any loan will close or that any compensation will be paid. A borrower’s eligibility depends on a complete application, HUD-approved counseling, an appraisal, underwriting, and the requirements of FHA and applicable law.

Both parties will protect loan tape data in accordance with the privacy and safeguarding requirements of the Gramm-Leach-Bliley Act. We may reject, limit, or delete an upload at any time, for example if it appears to contain data you are not permitted to share or if it is malformed. Our handling of loan tape data is described in our Privacy Policy.

Broker, correspondent, principal agent, servicing, data-sharing, and other business relationships with South River Mortgage are governed by separate written agreements. If anything in these Terms conflicts with a signed agreement between your company and South River Mortgage, the signed agreement controls for the subject it covers.

Access to the ReversePilot platform and any partner portal is governed by the agreement and terms presented when your account is created, not by these Terms. The Site also links to third-party sites and services, such as NMLS Consumer Access, scheduling tools, and electronic signature providers. We do not control those services and are not responsible for their content, availability, or practices. A link is not an endorsement.

The Site and everything on it, including text, graphics, page layouts, calculators, downloadable materials, software, and the WholesaleReverse, ReversePilot, South River Mortgage, and HomeForLife names and logos, are owned by South River Mortgage or its licensors and protected by copyright, trademark, and other laws.

You may view, download, and print materials from the Site for your company’s internal evaluation of our programs. You may not copy, republish, distribute, modify, frame, scrape, or create derivative works from the Site or its content, or use our names or logos, without our prior written consent.

You agree not to:

• Use the Site for any unlawful purpose or in violation of these Terms.
• Provide false, misleading, or incomplete information, or impersonate any person or company.
• Attempt to bypass access codes, rate limits, or other security measures, or probe or test the Site’s vulnerability.
• Use bots, scrapers, or other automated means to access the Site or collect information from it.
• Upload viruses, malicious code, or any file designed to interfere with the Site or the systems behind it.
• Interfere with the operation of the Site or with anyone else’s use of it.

When you submit a form or upload a loan tape you agree that South River Mortgage may contact you by phone, text message, or email about your inquiry and our programs, as described in our Privacy Policy. You also agree that we may communicate with you electronically, and that electronic notices and disclosures satisfy any requirement that a communication be in writing.

THE SITE AND ITS CONTENT ARE PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE SITE WILL BE UNINTERRUPTED, ERROR-FREE, OR SECURE, OR THAT ANY INFORMATION ON IT IS ACCURATE, COMPLETE, OR CURRENT.

Content on the Site is general information for mortgage professionals and is not legal, tax, accounting, compliance, or financial advice. You are responsible for your own compliance with the laws and regulations that apply to your business.

The Site and its materials are not from HUD or FHA and were not approved by HUD or any government agency.

TO THE FULLEST EXTENT PERMITTED BY LAW, SOUTH RIVER MORTGAGE AND ITS AFFILIATES, OFFICERS, EMPLOYEES, AND AGENTS WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, DATA, OR BUSINESS OPPORTUNITY, ARISING OUT OF OR RELATED TO YOUR USE OF THE SITE, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. OUR TOTAL LIABILITY FOR ANY CLAIM RELATED TO THE SITE WILL NOT EXCEED ONE HUNDRED DOLLARS ($100). THIS SECTION DOES NOT LIMIT LIABILITY THAT CANNOT BE LIMITED UNDER APPLICABLE LAW, AND DOES NOT APPLY TO OBLIGATIONS UNDER A SIGNED AGREEMENT BETWEEN YOUR COMPANY AND SOUTH RIVER MORTGAGE.

You agree to defend, indemnify, and hold harmless South River Mortgage and its affiliates, officers, employees, and agents from any claims, losses, liabilities, and expenses, including reasonable attorneys’ fees, arising out of your use of the Site, any data or content you submit (including loan tape data), your violation of these Terms, or your violation of any law or the rights of any third party.

These Terms are governed by the laws of the State of Maryland, without regard to its conflict of law rules. Any dispute arising out of or related to these Terms or the Site that is not covered by a signed agreement will be brought exclusively in the state or federal courts located in Anne Arundel County, Maryland, and you consent to the personal jurisdiction of those courts.

These Terms, together with our Privacy Policy, are the entire agreement between you and South River Mortgage about your use of the Site. If any part of these Terms is found unenforceable, the rest remains in effect. Our failure to enforce any provision is not a waiver. You may not assign these Terms without our consent; we may assign them to an affiliate or successor.

We may change these Terms at any time by posting the updated version on this page with a new effective date. Your continued use of the Site after a change takes effect means you accept the updated Terms.

Questions about these Terms can be sent to:

South River Mortgage, LLC
1750 Forest Drive, Suite 195
Annapolis, MD 21401
(888) 249-5447
info@wholesalereverse.com