Originators and other professionals working directly with initial disclosures and/or closing documents that want to participate in the Titan Lenders Corp Webinar titled “GFE HUD Compliance” can register at http://titanlenderscorp.com/GFE-HUD-training-webinars.htm .

“Nearly everyone offering GFE/HUD-1 training is simply providing the standard RESPA training released by HUD late last year and updated in January. Titan Lenders Corp training is based on its actual file processing experiences since RESPA went into ’soft release’ effect,” said Titan Lenders Corp president Mary Kladde. “We are committed to playing a role in the industry’s revival, so we are sharing what we have learned as a provider of outsource services to very active lenders.”

Titan Lenders Corp is a U.S.-based domestic mortgage fulfillment outsource operation that offers a “parallel and variable cost alternative solution” to lenders’ maintaining back office and warehouse line management operations.

Based on Titan Lenders Corp’s success in producing RESPA-compliant loans, the “GFE HUD Compliance” training series delivers a comprehensive line-by-line understanding of the new GFE and HUD, including:
* New RESPA terminology;
* When to re-disclose;
* Understanding “Changed Circumstances”;
* Understanding Tolerance Measurements;
* Understanding “Important Dates”; and
* Inside columns, outside columns, what do they mean?

“All of the loans we have been involved with for our lender clients have been in compliance and are being purchased with no issues by investors,” Kladde explained. “Many lenders managing their own back office system are not experiencing that same level of success, so we are confident we can have a positive effect of lenders’ understanding of how to deal with the new requirements.”

This class is designed for anyone who works directly with GFE’s and/or HUD’s, including loan originators, processors, underwriters, closers and post closers. For more information, contact Sales@TitanLendersCorp.com .

About Titan Lenders Corp:

Titan Lenders Corp (www.TitanLendersCorp.com) is one of a specialized few providers of mortgage back office fulfillment services, a not-well-understood facet of mortgage lending that includes closing, funding, and post closing services. Community banks, credit unions, mortgage bankers and brokers use outsource providers strategically to minimize compliance risks in a time-sensitive error-averse environment. Fluctuations in mortgage lending volume also lead some lenders outsource their entire back office operation and secure predictable “per transaction” pricing rather than maintaining an inflexible static in house staff.

News Source: Titan Lenders Corp

This story was issued by Send2Press® and is Copyright © 2010 Neotrope® News Network – all rights reserved.

While advancements in payments and electronic clearing methods, such as RDC and Check 21, have generated mostly positive results, the need for banks to protect customers and themselves from fraud and error has increased. CONIX Systems has developed Xcept to provide banks and processors a common exception-handling gateway that shifts Day 2 exceptions processes into the Day 1 environment, thereby intercepting exceptions and potential fraud sooner. In addition, banks and processors are able to mitigate losses by increasing the speed of collections and reducing adjustment items.

“The payments landscape has seen an explosion of innovation over the past few years, yet, in many cases, the means by which banks process payments have not evolved as quickly, leaving banks exposed to an enormous amount of risk,” said president of CONIX Systems Frank Stokes. “In the post-Check 21 environment, banks must accelerate their exceptions processing in order to meet return deadlines and recover funds within the allotted window of time.”

Xcept is architected to provide detection, automated decisioning, and routing for many types of commonly occurring exceptions, including:

* Stop payment orders,
* Closed accounts,
* Positive pay, and
* Many types of fraudulent payments.

Using criteria from existing systems, Xcept detects exceptions across various incoming payment streams such as check capture, ACH, image exchange, RDC, and others. The criteria can be based off any combination of MICR information, including dollar thresholds for account or account ranges, depositor or payment source.

About CONIX Systems:

CONIX Systems Inc. is a world leader in providing payment processing software and related services to the financial services industry. The company’s products perform key processing tasks for an estimated 100 billion paper and electronic items each year and handle virtually every aspect of payment processing – including work flow management, exception processing, early fraud detection, image exchange. CONIX software and services are used by approximately 90 percent of the largest banks in the country. Founded in 1992, the company is headquartered in Manchester, Vt., with offices throughout the United States.

More information: http://www.conixsystems.com/products/Xcept.asp .

CONIX Systems is a Microsoft Gold Certified Partner and a member of IBM’s PartnerWorld for Developers.

News Source: CONIX Systems Inc.

This story was issued by Send2Press® and is Copyright © 2010 Neotrope® News Network – all rights reserved.

“Our selection process lead us to IDS because they demonstrated the expertise, accountability, compliance and productivity we require to deliver on the Inlanta Mortgage quality commitment to its customers,” said Inlanta chief operating officer Jean Badciong. “Since our customers include investors as well as borrowers, it is critically important that we bring flawless document sets to closing. We’ve staked our reputation on this.”

“In addition, a critical decision factor was the advances in technology found in IDS and ease of use that allows us to work efficiently and manage the constant demands on our employees’ time,” Badciong added

“Inlanta Mortgage is a great customer for IDS because their organizational values are all about providing the highest grade customer services and business ethics,” said IDS president Curt Doman. “Not only do we share their values, but we welcome our role in upholding them. That’s what keeps us on top of our game as a service provider to the mortgage industry.”

About IDS Inc.:

Salt Lake City-based International Document Services, Inc. (IDS) has been a nationwide provider of mortgage closing documents for more than 20 years. Its services include closing documents, reverse documents, initial disclosures and fulfillment. Its flagship solution, idsDoc, is recognized in the industry for its flexibility to customize to specific lender needs. IDS backs the system with unsurpassed customer service, innovative development and a solid compliance team.

For lenders looking for a compliant document preparation partner, not just a doc prep vendor, visit the IDS Web site at www.idsdoc.com or call 800.554.1872.

About Inlanta Mortgage:

Inlanta is an accredited member of the Better Business Bureau with an A+ rating. For more information, please call Inlanta Mortgage at 262-513-9853.

News Source: International Document Services, Inc.

This story was issued by Send2Press® and is Copyright © 2010 Neotrope® News Network – all rights reserved.

While small businesses have relied on credit cards as an option to extend credit, that source is closing quickly as credit card companies reduce limits and put the squeeze on small business owners. In the first half of 2009, 38% of small businesses saw a decrease in their credit card limits, according to the National Small Business Association. The SBA has also just announced that stimulus funding for small business loans is running out again.

Companies have turned to alternatives like lines of credit, factoring and reverse leasing, but an increasing amount of merchants are utilizing business cash advances.

Business cash advances provide unsecured financing to businesses such as restaurants, automotive repair shops, salons, florists and others. These businesses use future credit card receipts as a form of collateral and receive funding to buy equipment, make repairs, pay taxes, keep payroll current, or anything else they choose.

“With the money, we were able to re-structure the salon to allow more employees to work and that is helping to grow our business,” said a salon owner in Maryland. A restaurant in California used the advance to pay for overdue remodeling, a retail store in Arkansas increased inventory to boost sales, and an automotive garage in Maryland bought equipment to keep up with state requirements.

Cash advances can be advantageous, as they don’t require collateral or good credit. Repayment is based on sales and no long applications are required. Companies that process at least $5,000 in Visa or MasterCard sales a month qualify for this type of small business financing.

About BusinessCashAdvance:

Founded by financial professionals, BusinessCashAdvance.com provides unsecured cash advances for small business. Financing companies in a broad spectrum of industries, it has helped retail stores, automotive shops, beauty salons, medical practices, florists, pet stores, restaurants, and others.

A free application is available online at www.businesscashadvance.com or by calling 866-411-0606.

News Source: BusinessCashAdvance

This story was issued by Send2Press® and is Copyright © 2010 Neotrope® News Network – all rights reserved.

“Investors typically make buying decisions based on the risk/reward analysis of a particular equity. Unfortunately, the risk exposure does not remain constant over time,” explains Chuck LeBeau, Director of Analytics. “Our goal at SmartStops is to make investors of all levels more aware of changes in their risk exposure, enabling them to make timely and informed decisions that protect assets and improve returns.”

The SmartStops.net risk management solution monitors stock portfolios throughout the trading day watching for signs of abnormal risk, alerts investors when a SmartStop is triggered and encourages taking protective action.

With the new Reentry Service, SmartStops subscribers can now receive an alert when trading patterns indicate that the position’s risk profile has improved and returned to normal indicating an opportunity to reinvest may be present.

One of many studies conducted by SmartStops.net looks at the 5 year performance of a $100,000 portfolio invested evenly over 10 widely held stocks: Alcatel Lucent (ALU), Citigroup, Inc. (C), Cisco (CISCO), General Electric (GE), Home Depot (HD), IBM (IBM), Intel (INTC), Johnson and Johnson (JNJ), Merck (MRK), and Microsoft (MSFT).

5 Year Performance Results:
* Following Buy & Hold over this period lost $18,319 (a loss of 18.3 percent)
* Following SmartStops.net Risk & Reentry Alerts produced a gain of $9,062 (9.1 percent).

In addition, for the period of time that the positions were hedged or in cash, market risk was vastly reduced. In effect, following the SmartStop.net alerts reduced risk and preserved equity while providing peace of mind. Click here to view details regarding this and other performance studies (www.smartstops.net/LearnMorePages/ExitStrategyComparisons.aspx).

SmartStops is excited to be introducing the Reentry Service and continues to develop solutions that help its members be better investors.

About SmartStops:

SmartStops is dedicated to helping investors of all levels be more aware of changes in their risk exposure enabling timely decisions that protect assets, improve returns and provide peace of mind. SmartStops.net portfolio monitoring and risk alert services start at just $9.95 per month.

News Source: SmartStops

This story was issued by Send2Press® and is Copyright © 2010 Neotrope® News Network – all rights reserved.

Added to the DMD DataTrac Commissions customer roster are The Legacy Group, a Washington-based lender also operating in Arizona and California; Essex Mortgage, a California-based lender with offices in Utah and soon expanding in the Pacific Northwest; and CMG Mortgage, a California-based lender that offers both broker and mortgage banker services.

“Commission calculations are frequently a source of frustration both for lender management and for loan officers,” said DMD president Rob Katz. “DataTrac Commissions provides total commission transparency, allowing loan originators access to their commission pipeline 24 hours a day, every day of the week through its Web-based system.”

“DataTrac Commissions allows lenders to demonstrate their commitment to calculating originators’ commissions accurately and quickly,” he added, “which contributes to a competitive edge in attracting stellar loan originator talent.”

DataTrac Commissions also allows lenders to set up fee floors in compliance with RESPA, enabling them to catch pricing mistakes before it is too late to make corrections. DataTrac Commissions enables lenders to test “what if” scenarios for compensation plans, allowing them to understand exactly how commissions would be paid if plan changes are adopted – an analysis typically viewed as so complicated that it is rarely done.

City Bank Mortgage, the mortgage banking business unit of $1.8 billion City Bank Texas, implemented DataTrac Commissions in 2009 after discovering multiple instances of misallocated fees and commission over-payments. In 2009 City Bank Mortgage had an almost 50 percent increase over its total 2008 volume of $285 million. As originator productivity and loan volume reached record levels in 2009, maintaining accuracy around commissions and RESPA-related fees became a losing battle.

“During our implementation process we tested the system by running our plans against historic numbers and found all sorts of places where we overpaid commissions,” said City Bank Mortgage secondary marketing manager Tom Couture. “Within the first few days we identified commission payout errors totaling $10,000.”

About Del Mar DataTrac:

Founded in 1991, Del Mar DataTrac (DMD) is the leading provider of affordable loan automation solutions for mortgage lenders, banks, and credit unions. DMD offers a scalable workflow platform that enables lending best practices by leveraging DataTrac as the back-office hub along with a sophisticated point-of-sale system, a Web-based originator portal and commission engine, and a management dashboard – all in a paperless environment.

The DataTrac Suite is designed by mortgage lenders for mortgage lenders who strive to deliver extraordinary customer service, increase production and profitability, reduce risk, and streamline overall efficiency. For more information, visit www.dmdinc.com .

News Source: Del Mar DataTrac

This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2010 Neotrope® News Network – all rights reserved.

In essence, small businesses have to get creative when it comes to borrowing money. And, Business Cash Advance is helping them to do just that through a product that provides flexibility, immediate cash and short-term capital without strict credit requirements or collateral.

The underwriting criteria for cash advances are different when compared to other unsecured business loan products. These loan alternatives are based on the established volume of sales. A percentage of the borrower’s receivables are used as payment for the loan.

And, if the borrower makes no money one month, it pays nothing back. It only pays back when it has money coming in. It is business financing made easy. Small businesses are typically approved for cash advances in less than 24 hours.

These merchant cash advances are ideal for small businesses that are seeking working capital now. Seasonal businesses, retailers and restaurants are all perfect candidates.

The financial experts at BusinessCashAdvance.com understand the importance of getting the economy moving; without lending, a spending freeze occurs. By offering this lending product, the company has created its own economic stimulus package.

If businesses accept credit cards and process at least $5,000 per month, they can qualify for this small business loan alternative. Home-based businesses do not qualify. These small businesses can turn tomorrow’s credit card receivables into cash today.

About Business Cash Advance:

BusinessCashAdvance.com is a premier provider of unsecured business loans for small businesses. When small businesses are unable to receive funds through conventional lending institutions to finance the growth of their business, Business Cash Advance is there to help.

The company funds small businesses throughout the U.S. and is located in South Florida.

News Source: BusinessCashAdvance.com

This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2010 Neotrope® News Network – all rights reserved.

Although enforcement by HUD has been postponed by 120 days, Doman points to RESPA complexities and contradictory requirements as an example of how well-intended regulations conceived by policy makers unfamiliar with mortgage lending can create new problems.

“Just look at the way the GFE and HUD-1 have caused delays to closings,” said Doman. “It is a complicated regulation that doesn’t transition without some difficulty.”

“One thing in particular that IDS has noticed is the disparity between the regulating administration’s intent that RESPA be moderately enforced during the 120 days and investors’ ‘letter of the law’ stance,” Doman explained. “Which of course is the stance investors should take since they are the risk takers that want to be in compliance.”

According to Doman, the regulators need to understand that there is no such thing as a “soft release” of rules. Once a law/regulated practice is in place, it instantly structures the framework for the trade market. No one is going to say, “We’ll let this loan slide because it is at the early stages of the new regulation.”

“No one wants a fly in their soup on the secondary market,” said Doman. “Lenders, vendors, and especially loan software developers, are in for a make shift transition on RESPA.”

Many facets of the reformed RESPA requirements are unnecessarily complex and confusing, according to Doman, regardless of the four-month reprieve from regulatory enforcement.

“One change that would simplify everything from a regulatory standpoint for the lender, and help the consumer better understand their mortgage would be to have every fee be APR-affecting,” Doman said. “This is a common sense adjustment that would clean up the impact of a regulation that is meant to benefit the consumer, but in its current form can be more confusing.”

About IDS Inc.:

IDS Inc. has been a nationwide provider of mortgage closing documents for more than 20 years. Their services include closing documents, reverse documents, initial disclosures and fulfillment. Its solution, idsDoc, is recognized in the industry for its flexibility to customize to specific lender needs. IDS backs the system with unsurpassed customer service, innovative development and a solid compliance team. For lenders looking to move forward when it comes to doc prep, visit the IDS Web site at www.idsdoc.com or call 800.554.1872.

News Source: International Document Services Inc.

All referenced product names, and other marks, are trademarks of their respective owners. This story was issued by Send2Press®. Copyright © 2010 Neotrope® News Network.

Titan Lenders Corp is a U.S.-based domestic mortgage fulfillment outsource operation that offers a “parallel and variable cost alternative solution” to lenders’ maintaining back office and warehouse line management operations. Since its founding, TLC has advocated for the renewed role of community banks in the U.S. mortgage lending industry both in response to dwindling borrower options and due to constrained liquidity among independent mortgage bankers.

“Community banks are in the position to accelerate their own recovery by becoming more prolific mortgage bankers,” said Titan Lenders Corp president Mary Kladde. “Typical concerns about risk are minimized since everything being originated today is backed by FNMA, FHLMC or GNMA, which currently carries the full faith of the US Treasury for all practical purposes.”

“There truly has never been a more ideal time for community banks to improve their balance sheets and competitive position by becoming mortgage bankers,” said TLC director of business development for community banking, William Null. “Market share is available due to the decimation of the broker channel, which had more than 75 percent of the business, and the failure of more than 300 competing mortgage bankers.”

Historically, start-up costs were high, back room operations were daunting and complex, and gaining mortgage lending expertise was prohibitively time-consuming for community banks. Today, start-up costs are low and back office tasks can be outsourced to industry business process outsourcing (BPO) experts, allowing companies to focus on what makes them money while removing nearly all of their risk. Today an institution originating just $10 million per month in new loans should be able to enjoy pre-tax profits of nearly $100,000 per month with very little risk when done properly, Null added.

The Titan Lenders Corp “Transitioning from Broker to Banker” webinar will cover:
- What distinguishes mortgage brokers from mortgage bankers;
- Advantages for transitioning to a banker;
- Advantages for supervised institutions;
- Outsourced functions and responsibilities;
- Banker responsibilities; and
- Taking the necessary next steps.

For more information, contact Sales@TitanLendersCorp.com .

About Titan Lenders Corp:

Titan Lenders Corp is one of a specialized few providers of mortgage back office fulfillment services, a not-well-understood facet of mortgage lending that includes closing, funding, and post closing services. Community banks, credit unions, mortgage bankers and brokers use outsource providers strategically to minimize compliance risks in a time-sensitive error-averse environment. Fluctuations in mortgage lending volume also lead some lenders outsource their entire back office operation and secure predictable “per transaction” pricing rather than maintaining an inflexible static in-house staff.

News Source: Titan Lenders Corp

All referenced product names, and other marks, are trademarks of their respective owners. This story was issued by Send2Press®. Copyright © 2010 Neotrope® News Network.

“It was so rewarding to be able to help make the kids holiday season brighter with decorations for their hospital rooms,” Melissa Bowman, Executive Director of FFG explains. “Some children were unable to come down from their rooms so their sibling came for them. The parents were so grateful and the kids seemed entertained and excited to be able to do crafts.”

All of FFG’s employees put their heads together for ideas that would be easy and fun for the hospitalized children to make. There were four different stations including reindeer making, ornament decorations, stockings to hang on the tree, and a snow man coloring station. The stockings were the biggest hit with the children!

In 2002, the Financial Foundation Group, through an affiliated company, opened its doors with just three people. FFG has experienced a phenomenal growth rate over the past few years and today they have grown to have 5 offices, with the newest office being opened by Chris Shanahan, who started here in Denver, and FFG now has approximately 100 people affiliated with the organization.

“As a company I feel we are able to continue to grow because of the dedication our employees and clients have to making it a bright future, no matter what troubles our economy faces. It is so exciting for us to be able to add value to people’s life both in and out of the office,” Mrs. Bowman adds.

The management of the Financial Foundation Group is made up of registered representatives who offer securities through NEXT Financial Group, Inc., member FINRA, SIPC. Financial Foundation Group is not an affiliate of NEXT Financial Group, Inc. NEXT is a national full service Broker/Dealer. NEXT representatives offer their clients investment, retirement, and insurance products and services that suit each individual client’s needs.

The knowledgeable staff at FFG has access to a wide array of investment products and can provide assistance with life insurance choices and providing wealth building strategies.

The company’s Web site, FinancialFoundationGroup.com , has current market information and summaries for clients to review. It also provides breaking financial news headlines and stories.

News Source: Financial Foundation Group

All referenced product names, and other marks, are trademarks of their respective owners. This story was issued by Send2Press®. Copyright © 2010 Neotrope® News Network.