Bay Docs’ LOS Integrates with Premier Reverse Closings (PRC)

Based in Northern California, Bay Docs, a service provider dedicated solely to the reverse mortgage industry, announces the integration with Premier Reverse Closings (PRC) for title services. Reverse ExpressTM, a web-based Loan Origination System (LOS), continues to expand third-party integrations in order to provide the best services to its customers.

“Accessing services directly from our interface saves our customers time and provides a more seamless transaction,” states Megen Lawler, CEO and Founder of Bay Docs. “Our goal is to integrate with any third party service to enhance the user experience.”

The integration provides users with the ability to get specific title-related fees down to the county level. It also provides a mechanism for ordering title, communicating with the settlement team and downloading a host of other title-related documents.

reverse mortgage news, LOS integration“Technology and integration is the future for our industry and we are excited to be at the forefront alongside Bay Docs. PRC’s business is 100% dedicated to the reverse mortgage product and together we can alleviate some of the burden from our customers by removing dual entry, eliminating manual entry errors, auto-populating accurate fees and expediting turn times all around,” explained Megan Hafenstein, VP – Business Development for Premier Reverse Closings.

About Bay Docs

Bay Docs, Inc. is solely committed to the reverse mortgage industry and does not provide forward mortgage services. This dedication to the industry confirms the firm’s knowledge of the reverse mortgage industry and its commitment to their clients. Bay Docs was established in September, 1994, and solely provides document services and software to lenders and brokers in the reverse mortgage industry. Bay Docs prepares loan application and closing packages for lenders who offer the Home Equity Conversion Mortgage (HECM), and can provide the document services for lenders wanting to establish their own reverse mortgage proprietary product. For more information, please visit us at www.baydocs.net, or contact Kathleen Leonard at kleonard@baydocs.net.

About PRC

Premier Reverse Closings (PRC), is proud to be the first national title and settlement company to specialize in reverse mortgages. Our dedicated team of professionals offers the experience and knowledge to smoothly close reverse transactions—correctly. Having closed more than 150,000 reverse mortgage loans over the past 15 years, PRC is committed to our clients and senior borrowers, making us a proven industry leader and truly First in Reverse. For more information, please visit www.PRClosings.com or contact Megan Hafenstein at mhafenstein@prclosings.com.

Bayshore Mortgage Funding Announces the Partnership with Top Industry Leaders

Bayshore Mortgage Funding Announces the Partnership with Top Industry Leaders to Launch their Reverse Mortgage Division

TOWSON, MD. — On Jan 5, 2015 Andrew S. Parker, Steven J. Sless, and Ian B Sandler partnered with Bayshore Mortgage Funding to launch their Reverse Mortgage division. They bring with them more than 30 years of combined experience in the Reverse Mortgage industry.

Previously employed by Maverick Funding, DBA Reverse Mortgage Network, and Great Oak Lending Partners, the men played a key role in building both companies into top 10 Reverse Mortgage lenders.

“Bayshore Mortgage Funding is very excited to add this division to our already growing company.  We have wanted a reverse division for a long time. Due to the nature of the product and the need to deliver exceptional service to our clients it was important to have the right leadership in place.  We believe our patience has paid off.  We are confident that we have found the best possible group to lead and grow this division providing our clients with the service and education that the reverse mortgage requires.” said Bayshore President Paul Jednorski.

“We are thrilled to partner with a company the caliber of Bayshore Mortgage Funding. We share their commitment and vision to grow a nationally respected reverse mortgage operation” said managing partner Ian Sandler.

Through their innovative live seminars and a direct to consumer platform the group focuses on the importance of educating the consumer about reverse mortgages. “We like to focus on education. We pride ourselves in listening to our clients, their families, and their trusted advisors so that we are able to show them how to customize a plan to live a robust and happy retirement. We are in the business of building lasting relationships with our clients and friends across the country. Our reputation will support the fact that we put our client’s financial well-being first” said managing partner Steven J. Sless.

Bayshore reverse mortgage is currently looking for top producing reverse mortgage loan originators and loan processors to help grow their division.

Steven J. Sless

8601 LaSalle Rd Suite

Towson, Maryland

(443) 901-7680

ssless@bsmfunding.com

 

Retirement Funding Solutions Enters Reverse Mortgage Industry

Retirement Funding Solutions Enters Reverse Mortgage Industry

Former Executive from Security One Lending Looks to Grow

San Diego, Calif., January 13, 2015—Retirement Funding Solutions (RFS), a Division of Synergy One Lending, announced today that it has entered the reverse mortgage business and plans to expand its San Diego Fulfillment Center in the first quarter of 2015.  Its business will be built through three different distribution channels: Distributed Retail, Consumer Direct and Third Party Originations.

“Our sales force will be made up of some of the best professionals in the industry, all of whom are committed to the financial well-being of the senior homeowner,” said Torrey Larsen, President of Synergy One Lending.  “We will leverage the team’s collective knowledge and experience to deliver the best possible service and value proposition to our customers.”

reverse mortgage news, retirement funding solutionsUnlike other reverse mortgage lenders, Retirement Funding does not have legacy asset risk, which can negatively impact the financial stability required to grow a strong, stable enterprise.  Many existing GNMA Issuers are dealing with write downs from its servicing unit and better realize the risk and costs associated with their servicing practices.

“The headwinds of lower industry volume levels and the implementation of financial assessment make it an opportune time to establish a new way of creating business.  The recent program changes have improved long term sustainability of the HECM program, so we look forward to building in this industry again.  It is our belief that industry consolidation will continue in 2015, but a few strategically designed firms will expand market share in a meaningful way,” Larsen continued.

During Larsen’s tenure at Security One Lending, the firm grew from a 4 person start-up to the leading HECM Originator in the nation.  The success of Security One Lending stemmed from both the TEAM of people that built the Firm and the Core Values by which the Firm operated.  This confluence created a unique company culture that many large bureaucracies underestimate and/or ignore. 

RFS is looking to grow its San Diego-based Operations Staff and is looking for the very best talent in both its Originations Team and its Marketing Department. For more information about employment opportunities or to apply please visit www.rfslends.com

About RFS

Retirement Funding Solutions is an operating Division of Synergy One Lending and currently lends in 8 states with license applications pending in 12 additional states. The firm offers a diversified mix of reverse and forward products through a variety of distribution channels, including retail, consumer direct, and wholesale to support its lending efforts. Synergy One Lending is a FHA and VA Approved Lender and is based in San Diego, Calif.

For more information on Synergy One Lending, visit www.s1lending.com.  For more information on Retirement Funding Solutions, visit at www.rfslends.com

 

Reverse Focus secures Consulting Agreement with Heartland New Zealand Limited

Engagement Provides both Operational and Production Strategies for Scale

Reverse Focus (RF) has established its first international assignment through its Consulting Services Division.  RF has conducted an on-site analysis of Heartland New Zealand Limited (Heartland), which has recently acquired home equity release business Sentinel (based in New Zealand) and Australian Seniors Finance (based in Australia).

new_zealand_flag_map-1Following the acquisition, Heartland is the leading provider of reverse mortgages in New Zealand and, through Australian Seniors Finance, is the largest non-bank provider of reverse mortgages in Australia.  In a recent release to the New Zealand Stock Exchange, Heartland stated that it “believes the time is right for home equity release products and is confident that it will offer strong and sustainable growth potential in the future.”

“The New Zealand and Australian markets remind me of the US marketplace 10 years ago, which makes this assignment extremely exciting for me and the TEAM at RF” stated Rhiannon Behnke, Executive Vice President of RF.  “The opportunity for Heartland to leverage our collective experience in the US market place provides a unique perspective in the next stage of product acceptance and consumer education.  The executives at Heartland and Australian Seniors Finance are exceptional people and care about their senior clients.  I look forward to being part of this organization’s efforts.”

Heartland executive Chris Flood commented, “The knowledge and experience of Rhiannon and her team is impressive and we look forward to working with them.  At Heartland, our primary objectives are to consolidate the ‘best practices’ of our New Zealand and Australian businesses,  improve operational efficiencies and deliver a consistent, superior customer experience.  We believe that RF can help us achieve these goals.”

The Consulting Services Division of RF was launched with the addition of Rhiannon Behnke in September 2014 and now has a pipeline of several other foreign-based companies interested in leveraging the firm’s experience.  RF’s goal is to provide guidance on technology, marketing operations, liquidity needs, raising capital and working with US-based firms that look to build a strategic exit plan.

RF is a technology company that brings business production and fulfilment solutions to loan officers, brokers and lenders.  RF also provides educational and analytical data to the industry through its Weekly Podcasts, Investor Updates and Bi-monthly Webinars.  In order to view RF’s product offering, please visit www.reversefocus.com or contact Shannon Hicks at (800) 805-9328 X4.

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Security One Releases Financial Adviser Portal

FOR IMMEDIATE RELEASE

Security One Lending Releases Financial Adviser Portal

www.FundingLongevity.com to be an educational portal for Retirement Planning Professionals

San Diego, Calif., June 3, 2013—Security One Lending (S1L), a division of Reverse Mortgage Solutions, Inc. (RMS) announced today that it has built and released an educational portal that allows Financial Advisors to determine whether a Reverse Mortgage, coupled with other asset management/investment strategies, solves one of the biggest retirement risks…outliving one’s assets. The term “Funding Longevity” best describes this risk during the distribution phase (versus asset accumulation phase) that concern many retirees today.

Reverse Mortgage SolutionsThe simplicity of this site will allow S1L’s Loan Originators to effectively bring value to the Financial Planning/Advising community. S1L has been very active in the Financial Planners of America, (FPA) national and local chapters in educating the value a Libor-Based HECM Saver can bring their clientele. Tremendous progress has been made to date, and S1L believes this channel of production will play a role in expanding the Reverse Mortgage Industry.

“Our sales force is made up of some of the best professionals in the industry, all of whom are committed to the financial well-being of the senior homeowner,” said Torrey Larsen, EVP and President of Retail Lending of RMS/S1L. “To that end, S1L has established a formal “business incubator” that has been designed to perfect the most important growth initiatives for the industry. Within this division of the firm, the best ideas are prioritized for execution. From that point, the testing and development phases begin while working hand in glove with the impacted industry leadership groups for quick business execution. The Financial Advisor/Planner component represents one of four current projects managed within the incubator leadership team. We will leverage the team’s collective knowledge and experience to deliver the best possible service to our referral partners and their customers.”

Unlike other reverse mortgage lenders, S1L does not rely solely on leveraging the existing RM market, but, rather, looks to the future of the industry and builds new value propositions for delivery to its Origination force.

“Our customers (Originators) can rest assured that we are building a variety of business channels and initiatives that will move the needle for the retail business and secure relationships that have been difficult to reach during the past five years. RMS is very excited about these growth opportunities and the thoughtful process we have engaged to do it the right way”, stated Mike Kent, EVP and President of RMS’ Origination Business.

About Security One

Security One Lending is the Retail Lending division of Reverse Mortgage Solutions, Inc. RMS, which is owned by Walter Investment Management Corp., operates a coast-to-coast, origination, servicing and issuing business.

For more information on Security One Lending, visit www.s1l.com for more information about RMS, visit www.rmsnav.com.

About Walter Investment Management Corp.

Walter Investment Management Corp. is an asset manager, mortgage servicer and origination focused on finding solutions for consumers and credit owners. Based in Tampa, Fla, the Company has over 4800 employees and services a diverse loan portfolio. For more information about Walter Investment Management Corp., please visit the Company’s website at www.walterinvestment.com
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Walter Investment Acquires Security One Lending

Walter Investment Acquires Security One Lending

WALTER INVESTMENT MANAGEMENT CORP. ANNOUNCES

COMPLETION OFACQUISITION OF SECURITY ONE LENDING

(Tampa, Fla.) – Walter Investment Management Corp. (NYSE: WAC) (“Walter Investment” or the “Company”) an asset manager, mortgage portfolio owner and mortgage servicer, today announced the completion of the acquisition of 100% of the stock of Security One Lending (“S1L”). A definitive acquisition agreement was signed on December, 31, 2012, with the closing subject to regulatory and change of control approvals, which have been secured.

Walter Investment Acquires Security One Lending

S1L, based in San Diego, California, is a retail and wholesale reverse mortgage originator which has grown to a top tier company since its inception in November of 2006. The combination of Walter Investment’s subsidiary, Reverse Mortgage Solutions, Inc., (“RMS”) the largest issuer of HMBS securities in the industry, and S1L creates a combined platform with diverse, established originations channels without significant overlap.

“We believe S1L’s management team is among the best in the reverse mortgage sector and has a strong vision and strategic growth plan. The entire team is highly respected in the industry and we anticipate that they will contribute to the firm’s goal of being a leading service provider to our origination force and our broker partners,” said Mike Kent, Executive Vice President of RMS. “Additionally, there is a strong cultural alignment between the two firms which we believe will contribute to a smooth integration of the businesses.”

“We are pleased to be able to leverage the access to capital that Walter Investment can provide and believe our ability to combine expertise and resources with RMS and its management team places S1L and our employees in the very best position to compete within the reverse mortgage sector,” said Torrey Larsen, President of S1L. “RMS’s investment in the company and its industry resources will enable S1L to maintain its position as a dominant originator in the reverse mortgage space.”

“The combination of RMS and S1L secure our position as a leader in the reverse mortgage industry. The combined expertise of the two firms is highly synergistic, and we look for continued strong returns from the reverse mortgage business,” stated H. Marc Helm, Chairman and CEO of RMS. “We believe in this industry and think we are uniquely positioned to capitalize on the growth opportunities in this sector.”

About Walter Investment Management Corp.
Walter Investment Management Corp. is an asset manager, mortgage servicer and originator focused on finding solutions for consumers and credit owners. Based in Tampa, Fla., the Company has over 4,800 employees and services a diverse loan portfolio. For more information about Walter Investment Management Corp., please visit the Company’s website at www.walterinvestment.com.

300 Bayport Drive, Suite 1100 Tampa, Florida 33607
813.421.7600   www.walterinvestment.com