Bay Docs, Inc., a reverse mortgage document preparation and software provider, recently announced a successful implementation of its Reverse Express product. The product, says Bay Docs, enables Reverse Mortgage USA users to run multiple pre-qualification scenarios, order mortgage application documents, and process and close reverse mortgage loans, including the Federal Housing Administration’s HECM product. John Mitchell, [...]

Bay Docs announced that its reverse mortgage documents are compliant with the new Real Estate Settlement Procedures Act (RESPA) requirements. As of January 1, 2010, the US Department of Housing and Urban Development is requiring that lenders and mortgage brokers provide their clients with an updated Good Faith Estimate and HUD-1 Settlement Statement.

Northern California based Bay Docs announced the launch of a web-based origination tool for reverse mortgage lenders and brokers. The new application allows brokers and lenders to order reverse mortgage application and closing documents which include the required statutory forms along with calculation forms: instant quote comparison, print screen, amortization schedule, TALC and the closed [...]

Bay Docs recently announced that it has hired Hanno Ginn to head up it technology department as Chief Technology Officer.  Ginn will be responsible for future mortgage software development and processes for the Novato, California based document preparation company .  The announcement comes a few weeks after BayDocs added two executives from Mortgage Cadence to [...]

Titan Lenders Corp, a mortgage back office fulfillment provider has partnered with Bay Docs to create a complete HECM outsourcing solution for mortgage lenders looking to get into the reverse mortgage business. According to the press release, its HECM outsource solution takes over when the borrower completes the required counseling session for reverse mortgages.  After [...]

Reverse 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 [...]