Reverse mortgage document and service provider Bay Docs this week announced the addition of new processing, underwriting and lender website calculator capabilities to its Reverse Express loan origination system.
“We are very excited about the release of these new modules as they round out the feature set to provide a complete, cost effective and lightning-fast solution to reverse mortgage lenders,” states Megen Lawler, Bay Docs founder and CEO.
The web-based loan origination software also incorporates a call center application that allows for lenders to work through the process from pre-application to funding. New features of the origination system include the ability to order credit and flood reports directly from the application, place a custom lender reverse mortgage calculator directly on a lender’s website, and check real-time interest rates between application and closing. A financial assessment tool is also available should a lender choose to activate such an assessment.
Written by Elizabeth Ecker