Bay Docs Inc., a document preparation company dedicated solely to the reverse mortgage industry, has integrated its document production system with Reverse Mortgage Solutions' (RMS) RM-Compass loan origination system (LOS).
According to the companies, this state-of-the-art technology will enable RM-Compass users to order reverse-mortgage application kits, as well as reverse closing packages for a variety of reverse-mortgage products – including the Home Equity Conversion Mortgage (HECM) product – without any duplicate data entry.
‘We looked to partner with a company whose experience and knowledge of the reverse mortgage industry would benefit our end users. To my knowledge, no reverse mortgage document company has the level of expertise of Bay Docs,’ states Bob Yeary, CEO of RMS. ‘In a fast-growing, highly watched industry, it is important to know who is doing your loan documents to ensure you're staying compliant, while also maintaining a secure technology environment.’