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« Bank of America Offers LIBOR Reverse Mortgage Product
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Bay Docs Adds Two Executives From Mortgage Cadence

October 1st, 2008  |  by John Yedinak Published in Bay Docs, News, Reverse Mortgage, Technology  |  1 Comment

imageReverse mortgage document preparation company Bay Docs announced the hiring of two reverse mortgage industry veterans to continue to bolster the services offered to their clients.  Alan Clark joins as executive vice president and chief legal officer and Patrick Silver joins as vice president of compliance.

Both are coming on board with a combined twenty-five years of mortgage experience, and the last twelve of were centered on reverse mortgage documents. Previously Clark and Silver worked for Mortgage Cadence and prior to this they both worked for First American Nationwide Documents.

"We are very excited to bring them on board. Having in-house legal and compliance officers will greatly enhance our services and provide us with the ability for real time answers to the multitude of industry questions. They will be an excellent compliment to our existing legal relationship with Arthur Axelson of Reed Smith," said Megen Lawler, CEO and founder of Bay Docs Inc.

Bay Docs has been dedicated to the reverse mortgage business for the last 15 years and it’s their experience that sets them apart from the competition.  Ms. Lawler added, “We are constantly looking at ways to better our services for our end users and I’m positive there will be more announcements forthcoming." 

Technorati Tags: Reverse Mortgage,News,HECM,FHA,HUD,Bay Docs

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  • Gloria

    NRMLA announcess the HECM to be $417,000, effective 11-1-2008 See:

    http://www.nrmla.org/RMS/REGULATIONS/HUD.ASPX?article_id=664

.

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