NOVATO, Calif./EWORLDWIRE/June 6, 2008 --- Bay Docs Inc. announces and welcomes Suzie Carter as director of business development. As Director of Business Development, Ms. Carter will be responsible for continuing to develop and execute the growth strategy for Bay Docs, the only document resource solely servicing the reverse mortgage industry since 1994. Bay Docs' CEO Megen Lawler says, "We are gearing up to meet the expected demand in the reverse mortgage industry by bolstering our business development focus with the addition of Suzie Carter. This is one part of our ongoing mission to meet the demands of our customers well into the future."
The National Reverse Mortgage Lenders Association (NRMLA) attributed the surging popularity of reverse mortgages to several factors, including greater consumer awareness of and comfort with the product, and the increasingly tighter budgets of America's seniors. With Americans age 62 or older now holding $4.3 trillion of home equity, according to the NRMLA/Hollister Reverse Mortgage Market Index, the industry is expected to soar.
Lawler also understands the importance of providing the proper technology after working with the top lending institutions for over fourteen years. Understanding the increasing need for technology and Web-based products, Bay Docs has enhanced its software capabilities to meet the demands of a growing customer base. As of May, 2008, Bay Docs is the vendor of choice for 10 of the top 15 reverse mortgage lending institutions and remains the only document preparation company dedicated solely to the reverse mortgage industry.
According to Lawler, "Ms. Carter comes to us from PIERS - a division of the Journal of Commerce. PIERS maintains the most comprehensive database of timely, accurate, import and export information. At PIERS, Suzie managed the San Francisco branch and was responsible for overseeing the steady expansion of West Coast domestic sales and assisted in developing a product to fit the needs of financial institutions."
About Bay Docs Inc.
Based in Northern California, Bay Docs is a one-stop resource center for upfront disclosures, application packages and closing documents for the reverse mortgage industry. The company prepares loan application and closing documents for lenders who offer the Home Equity Conversion Mortgage (HECM) and Homekeeper loan programs. Bay Docs also provides document services for lenders wanting to establish their own reverse mortgage proprietary products.
Having Bay Docs on a company's team greatly enhances performance in the industry. Working with Bay Docs, businesses can join the leaders of this fast-growing industry. Find out more about how Bay Docs can help at 'http://www.baydocs.net'.
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