LRES Partners with Reverse Mortgage Services Provider

In California, LRES, a valuations and asset management services provider, and Bay Docs LLC, a reverse mortgage services firm, announced the formation of a strategic partnership designed to optimize and streamline the valuation ordering process for reverse mortgage lenders.

As a result the recent integration, LRES' DirectConnect hub is now able to deliver collateral valuation reports to users of Bay Docs' Reverse Express loan origination system, offering customers full valuation lifecycle management.

The integration also features end-to-end automated connectivity while delivering reports and data for compliance, quality control, or auditing purposes, all through a single system management platform.

"Our integration with LRES DirectConnect offers our reverse mortgage customers an all-inclusive automated appraisal management solution to greatly simplify the complex valuation process," said Megen Lawler, CEO of Bay Docs.

"LRES' integration with Bay Doc's LOS greatly benefits reverse mortgage lenders by handling all the heavy lifting as it relates to appraisal management and keeping them fully informed of the appraisal's status throughout the process," added LRES CEO Roger Beane.