Reverse Mortgage Software Companies Report 2017 Influx

Companies that provide software services to the reverse mortgage industry have seen a boost in new users so far in 2017, providing an indication that there may be increasing interest in the products from traditional “forward” lenders. The San Diego-based ReverseVision has added just under 500 brokers or new broker companies in 2017, according to […]

Bay Docs Adds New Reverse Express Feature for Reverse Mortgage Applicants

Potential reverse mortgage borrowers can now submit sensitive data directly to their originator via a new portal feature added to Bay Docs, LLC’s loan origination system, Reverse Express. The secured Applicant Upload Portal allows potential borrowers to submit data directly through Bay Docs’  Reverse Express site rather than attaching their sensitive data to unsecured email. […]

Bay Docs Adds e-Signature Feature to Reverse Express System

Reverse mortgage servicer provider Bay Docs, LLC, will now support electronic signatures as part of a new integrated feature into its Reverse Express loan origination system, the company announced Monday. The new system enhancement will enable reverse mortgage originators to send their application packages directly to potential borrowers via electronic signature companies. Applicants can then […]

Bay Docs Adds FirstBank to Reverse Mortgage Origination System

Reverse mortgage service provider Bay Docs, LLC, continues to expand the offerings within its Reverse Express loan system, now with the addition of origination services from FirstBank.  Celebrating its 20th year providing services to the reverse mortgage industry, Bay Docs announced Monday its welcoming of the Alabama-based national mortgage lender to the company’s Reverse Express […]

Landmark, Bay Docs Consolidate Appraisal-Loan Origination Efforts

Loan originators and lenders using Landmark appraisal services will now be able to integrate the use of Bay Docs reverse mortgage software into a single process.  Landmark Network, Inc. has announced completion of a software integration with the document prep company, Landmark said in a statement released last week.  The companies have fused together Landmark’s […]

Bay Docs Eases Transition from Broker to Lender, Launches Reverse Express

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, […]

BayDocs Announces RESPA Compliance

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. “My team […]

BayDocs Releases Online Origination Tool for Reverse Mortgage Lenders

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 […]

BayDocs Adds New Chief Technology Officer

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 […]