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 […]
Category: Bay Docs
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. […]
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 […]
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 […]
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 […]
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 […]
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. “My team […]
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 […]
