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Reverse Express
The Ultimate Reverse Origination System

News & Events


Reverse mortgage lenders pivot as sales falter  
InvestmentNews

The reverse mortgage market is evolving for the first time in a decade, as the industry pivots to address sagging sales and what it sees as a new opportunity ...

May 24
Government watchdog considering ways to reduce federal costs of reverse mortgage program  
HousingWire

The Congressional Budget Office released a report Thursday exploring four proposed solutions for lessening the cost and risk of the reverse mortgage program ...

May 23
Additional Risks of Reverse Mortgages  
Forbes

The CFPB reports mentioned that only 1 percent of mortgage complaints were reverse mortgage related. This article breaks down some of the common themes ...

May 23
Blue Ridge Bank launches reverse mortgage division  
HousingWire

North Carolina-based Blue Ridge Bank announced this week that it has partnered with HECM technology provider ReverseVision to launch a reverse mortgage ...

May 22
Reverse Mortgage Funding expands payment options on proprietary reverse product  
HousingWire

Reverse Mortgage Funding announced Monday that it expanded the payment options on its proprietary reverse mortgage – the Equity Elite – to include term ...

May 20
Reverse Mortgages: Affluent Lead The Way To Renewed Mainstream Popularity  
Digital Media Solutions

With the vast majority of reverse loans controlled by the FHA HECM program, the reverse mortgage market has always focused on middle- and lower-income ...

May 24
TNBANK reverse mortgage loan originator featured in national magazine  
Maryville Daily Times

TNBank's Ken Wieland, who works in the Maryville office, was featured in the May-June 2019 edition of the national magazine, Reverse Mortgage.

May 23
FirstBank Exits Reverse Mortgage Business, Team Moves to Mid America Mortgage  
Reverse Mortgage Daily

Lakewood, Colo.-based FirstBank has exited the third-party origination (TPO), correspondent, and reverse mortgage businesses, RMD has learned. The reverse ...

May 23

Bay Docs News



Reverse Express™ LOS from Bay Docs, LLC Releases New Features

Bay Docs, LLC, a service provider dedicated solely to the reverse mortgage industry, has added processing, underwriting and lender website calculator modules to their Loan Origination System (LOS), Reverse Express™.

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

Bay Docs, LLC, a reverse mortgage document preparation and software provider, recently announced a successful implementation of its Reverse Express product.

Bay Docs, LLC is Ready with the NEW GFE and HUD-1 for Reverse Mortgages

As of January 1, 2010, HUD requires that lenders and mortgage brokers provide their clients with a “new and improved” standard Good Faith Estimate (GFE) and HUD-1 Settlement Statement.

New limits for HECM Purchase - click here

A result of the American Recovery and Reinvestment Act of 2009 (ARRA) signed into law on February 17, 2009

States Change from Mortgage to Deed of Trust

Recently both Arkansas and New Mexico have changed to a Deed of Trust. Please be sure to contact your settlement agents with regards to the Trustee information.

HECM for Home Purchase program - click here

Please note that this will be available from Bay Docs January 1, 2009

2019

Bay Docs Holidays

Our offices are closed on the following days this year, however our systems run 24 x 7 x 365 for Hands-Free users.

Tuesday, January 1, 2019New Year's
Monday, January 21Martin Luther King
Monday, February 18Presidents’ Day
Monday, May 27Memorial Day
Thursday, July 4Independence Day
Monday, September 2Labor Day
Monday, October 14Columbus Day
Thursday, November 28Thanksgiving
Friday, November 29Thanksgiving
Wednesday, December 25Christmas
** December 24 - office to close at 12:00 (PST)
** December 31 - office to close at 2:00 (PST)

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