Guaranty’s decision to select IDS was based on the seamless interface integration through their loan origination system (LOS) Avista Solutions, as well as the staff training and the level of customer service IDS provides. The Avista and IDS interface is constantly updating and pushing more data, allowing more customizations and professional documents. Guaranty acknowledged that IDS set the standard by which all other document prep providers should be measured.

“We have been pleasantly surprised how user friendly the IDS and Avista interface is. It has great functionality and enables users to easily edit almost any document right in the system. They’ve really set the standard for how a doc prep vendor should be measured,” said Guaranty Trust IT Administrator Ryan McCormick. “IDS has allowed us to operate more efficiently and exert our energies in other important areas of our operations because we know that IDS has all our document and compliance needs taken care of.”

The level of staff training and problem solving that IDS provides enables it to improve the speed, efficiency and accuracy of the documents for all types of mortgage industry companies, making it easier for lenders to bring quality, fully compliant docs to the closing table.

“One of the biggest stressors for lenders today is making sure they prepare zero-default initial disclosures and closing documents. At IDS, our first responsibility is to relieve our clients of that worry by ensuring our system includes the most up-to-date regulatory changes and state high cost audits. By doing this, we can make the lending process easier and more efficient for our clients, thereby creating better turn-around time for both lenders and borrowers,” said IDS Executive Vice President Mark Mackey.

About Guaranty Trust Company:
Guaranty Trust is a wholly owned subsidiary of Volunteer State Bank. The full-service mortgage company has offices in Murfreesboro, Hendersonville, Mt. Juliet and Knoxville. The company also markets mortgages nationally through its wholesale and Internet lending services based in Murfreesboro, TN. Guaranty Trust is an Equal Housing Lender. For more information about Guaranty Trust, visit the company website at www.guarantytrust.com .

About IDS, Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures, e-signatures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. 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. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: Send2PressNewswire.com .

DMD’s 2011 client conference provided attendees with best practices processes for loan origination, including point-of-sale, processing, underwriting, secondary marketing, closing, funding and delivery to investor.

“The most reliable source of guidance about mortgage lenders’ challenges is mortgage lenders, which is why DMD is committed to maintaining multiple client ‘touch points,’ including our annual client conference,” said DMD president Rob Katz. “It never fails to impress me how much we learn from mortgage lenders in the process of training and demonstrating best practices with the DataTrac Suite.”

According to Katz, mortgage lenders have a new appreciation for the role of training in three specific areas: grasping mortgage lending fundamentals and the marketplace; understanding each role in originating quality, compliant loans; and leveraging technology to achieve mortgage banking business objectives, such as ensuring the ultimate salability and profitability of loans.

“More than ever before, mortgage bankers realize they need a forum focused on training, problem solving and collaboration with their peers, which explains the 20 percent jump in attendance as compared with the 2010 DMD client conference,” said DMD vice president for client services Sue Sroka. “DMD has earned its reputation as a client service provider, as well as the leading provider of end-to-end mortgage lending automation for an evolving marketplace, by listening to and investing in its clients.”

About Del Mar DataTrac (DMD):
Marking its 20th business anniversary in 2011 and with more than $2 trillion in mortgage loans funded through DataTrac since its inception, 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, and a web-based originator portal and commission engine – 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 press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: Send2PressNewswire.com .

“For the last 11 years, Ecologic has served both lessee clients and captive vendor lessor clients through one company, one management team, and one brand,” explains Michael J. Keeler, CEO. “By creating a distinct subsidiary for each line of business and reorganizing the management, we can sharpen our focus on each client base, listen to their unique needs, and create a more valuable, differentiated, and responsive offering.”

Keeler adds, “We will now deliver sales, marketing, and our outsourcing services and global capital sourcing services through each subsidiary. This will allow us to align the expertise of our experienced staff with the specific needs of each type of client. The move will also enable us to capitalize on our common infrastructure, especially the software and global lessor network, while we improve our positioning and messaging and clarify the value proposition for each type of client”.

Doug Slais, VP of Client Services for Ecologic Lessee Services and a long-time veteran of the equipment leasing industry, states, “The objective is to create more value by getting closer to our clients and organizing around their needs. This is a great step towards accomplishing this.”

More Information: www.ecologicleasing.com .

About Ecologic Leasing Services:
Ecologic offers software services and outsourcing services to lessees and vendor captives that need to finance equipment competitively around the world. The Company currently supports lease transactions in 44 countries. Large corporate and non-profit lessees deploy Ecologic’s software and outsourcing services to save 10-25% on their equipment lease portfolio annually. Vendor captives employ Ecologic’s services to help them finance the sale of their equipment to their customers at the point-of-sale using the best available funding sources where ever they operate around the world. Founded in 2000, the Company is headquartered in Northern Virginia, with offices in Montreal, San Francisco, and Mumbai.

News Source: Ecologic Leasing Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: Send2PressNewswire.com .

“Our longevity in reaching a decade of success is the result of the second-to-none service and accessibility that we provide our clients,” said Curtis Richins, president of MCT. “To date, we have helped over 200 lenders establish effective hedging strategies, taking them to new heights of profitability and efficiency. We’re proud to say we’ve been doing this for ten years and we look forward to continuing to serve as a long-term trusted advisor for our clients.”

MCT is comprised of a group of senior mortgage banking professionals that hold years of deep experience in capital markets trading. In 2010, the company doubled its revenue and is currently tracking to again double revenues in 2011.

At the core of MCT’s core trading model is HALO (Hedging And LoanSale Optimization Program), which is a program that combines proprietary market-proven pipeline hedging disciplines with best-execution negotiated loan sales services. MCT attributes its success to one-on-one client care coupled with the benefits of the HALO program, thus enabling clients to lock in higher profitability while mitigating the risk associated with interest rate changes.

The company predominantly caters to growing small to mid-tier mortgage bankers that need assistance, education and dedicated resources to successfully make the transition from best efforts to mandatory loan sales.

About Mortgage Capital Trading:
MCT Trading is a risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, California in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Dallas, Charlotte and San Francisco. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 60 clients on the HALO (Hedging And Loan sales Optimization) Program.

For more information, please visit www.mct-trading.com or call (619) 543-5111.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com .

News Source: MCT Trading, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: Send2PressNewswire.com .

The Servicemembers Civil Relief Act (SCRA) of 2003 protects and covers all active duty military service members, reservists and members of the National Guard. The protection for these borrowers begins on the date of entering active duty and generally terminates 90 days after the date of discharge from active duty. The current process for determining a borrower’s military status is manual and inefficient. Quandis automates and delivers timely information to reduce risk of improper collections and foreclosure proceedings.

The SCRA protections affect the follow areas of the loan servicing process:
• Judicial Proceedings such as; Stay of Proceedings, Execution of Court Actions, and Default Judgments.
• Installment Contract Protections for Real or Personal Property include; preventing the rescinding or termination of contracts, preventing lenders from resuming possession for nonpayment, preventing breach of terms of contract, preventing foreclosures, evictions and termination of leases. The amount of interest a lender can charge is limited to 6 percent.

The solution is designed for use by servicers, banks, default attorneys, trustees and various outsourced networks.

“There are borrowers that have been called upon to serve our country who often face financial hardships after they are deployed,” said Scott Stoddard, CEO of Quandis, Inc. “The problem is that organizations are challenged with verifying that a delinquent borrower is on active duty and continually monitoring to ensure their status hasn’t changed. This process starts with servicers, which if they are out of compliance with the SCRA, they face stiff penalties and potential lawsuits brought by military personnel as a result of these violations.”

Quandis’ new military search service (www.quandis.com/products/military-one.pdf) automates what is typically a manual process.

Bulk searches are performed on entire portfolios or segments, returning the official military status report provided by the Department of Defense. The results are delivered in an electronic format that is suitable for importing into servicers’ back-office processing systems and also law firms’ case management applications.

About Quandis:
Founded in 2002 and headquartered in Foothill Ranch, California, Quandis, Inc. is a default management software provider specializing in web-based solutions for the lending industry. With over 25 years of experience in developing solutions, we understand the unique requirements necessary to deliver enhanced workflow and business-to-business communications.

For more information, please visit www.quandis.com or call (949) 525-9000.

- HUD information page for the SCRA:
www.hud.gov/offices/cpd/about/hudvet/library/scra.cfm .

News Source: Quandis, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: Send2PressNewswire.com .

“The problem of ‘false positives’ became a CONIX priority because we knew of banks and processors that were delaying decisions about duplicate payments detection,” said CONIX’s Managing Director of Sales, Steve Fortson. “Despite the risks and losses caused when a duplicate item posts to an account, the threat of creating and managing false positives with their legacy systems and manual procedures was understandably overwhelming.”

While “paying banks” have the option of providing updates to Dupe Detective from their outgoing returns system, this is not feasible for third party payment providers, such as banks processing correspondent cashletters or on-us items for other banks. Dupe Detective X9 Inspector solves this problem by automatically processing the X9 endorsement addendum records in the X9 files to identify the returned/re-presented status of incoming payments.

“Dupe Detective X9 Inspector is a significant addition to the family of payment processing solutions that CONIX has been building since 2006, each of which has quietly achieved implicit industry standard status,” said CONIX’s CEO, Mike Charles. “With each of its new offerings, CONIX has been ahead of the market in anticipating emerging payments options and their unanticipated consequences.”

A leading international provider of payment processing solutions to the financial services industry, CONIX is a proven innovator with its Dupe Detective, the duplicate detection solution used by more top 25 U.S. banks.

“Clearly, banks and payment processors understand that duplicates in the payments stream represent a multi-faceted threat, and consider their Day 1 identification as both a customer service priority and a fraud detection imperative,” said Fortson. “Some banks have hesitated to solve the duplicate payment dilemma because of the impact of ‘false positives.’”

“CONIX is helping banks and payment processors succeed in an era of proliferating payments options, including image item exchange, remote deposit capture, electronic transactions, and mobile device initiated transactions,” said Charles. “It has been our experience that once a bank or other payment processing operation realizes the benefits of Dupe Detective, they can’t recall how they ever operated without it. We’ve had success story after success story, and we are happy to share them with you.”

According to Charles, CONIX is uniquely qualified to intercept duplicates in Day 1 while keeping pace with high-volume Day 1 payment processing systems. CONIX has been providing Day 1 payments processing software and services to the top-tier financial institutions and payments processors for nearly two decades, developing and delivering to the industry server-based solutions that are unsurpassed in performance and quality.

“CONIX leads with its solutions because we listen closely to our customers,” he added.

About CONIX Systems, Inc.:
CONIX Systems, Inc. (www.CONIX.com) 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 tens of billions in payments each year. CONIX software and services are used by approximately 80 percent of the largest U.S. banks. Its comprehensive solutions are simple to use in production and simple to maintain, guaranteeing high quality performance at the lowest cost.

CONIX has a reputation for driving innovation with its products. Dupe Detective prevents duplicate payments from all channels from posting to customer accounts. Fraud Detective™ accelerates exceptions processing into Day 1, significantly reducing fraud risk for institutions and their customers. Enterprise IRD™ enables comprehensive, high-volume IRD authoring across the enterprise.

Founded in 1992, the company is headquartered in Manchester, Vermont, with offices throughout the United States. For more information about CONIX Systems, Inc. and its products, call (800) 332-1899 or email info@conix.com .

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News Source: CONIX Systems, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: Send2PressNewswire.com .

Founded in 1998, Cendera Funding is a retail mortgage banker specializing in the north Texas market. With plans for continued growth, it recognized the need to mitigate the substantial risks emerging relative to RESPA disclosure compliance, as well as imminent Dodd-Frank regulatory enhancements.

Since 2008, Cendera Funding has been a user of DataTrac, the DMD flagship database platform for mortgage banking operations, and had utilized Calyx Point as its point-of-sale technology for loan officers and processors. “That combination was effective throughout most of our growth,” said Cendera Funding CIO, Chris Mace. “Calyx was familiar to most industry originators, making it easy for us to recruit new talent. Meanwhile, DataTrac provided the operational efficiencies and controls necessary to prevent fatal loan errors prior to closing, and turn our warehouse lines”.

However, Cendera’s needs changed dramatically with recent RESPA reform. “Mortgage lenders can implement all the policies and procedures they like to cope with new regulations, but ensuring that they are actually being followed is another thing entirely,” said Mace. “It was immediately clear that we needed more effective controls over origination behavior, and that our existing POS solution could not adequately meet that need. Catching mistakes prior to closing was no longer a viable option – we needed a solution that could prevent errors altogether.”

Enter DataTrac Originator (or “DTO”), DMD’s freshly released point-of-sale technology. “When DMD came out with their new point-of-sale we were excited about the opportunity to extend to our origination and processing activities the level of control we already enjoyed with DataTrac in our back office service units. Then we were blown away to see that DTO’s features far exceeded what we had hoped for,” said Cendera Funding founder and CEO Brian Collins.

One of Cendera’s investment criteria was that the winning solution be a web-enabled, database-oriented application. DTO’s SQL database architecture eliminates clumsy folder management and dramatically speeds performance when compared to “yesteryear” architectures like that of Calyx Point and Ellie Mae’s Encompass. “We required a technology with proven scalability; not a flat-file architecture with a database wrapped around it,” Mace clarified. “We don’t want to get to a few hundred loans per month only to have to go through this again.”

Cendera’s primary decision driver, however, was to control compliance in its origination activities and support its growth agenda. DTO’s form-based screens make it easy to train new loan officers regardless of experience level. Intuitive alerts guide even the greenest of loan officers through the labyrinth of mortgage compliance. Robust field-level security, business rules, and custom automation features give mortgage lenders unprecedented control over the application and disclosure compliance.

“That’s why we are relying on DTO’s point-of-sale work flow, which will allow us to eliminate much of the ‘human error’ factor, plus a lot of other issues before they ever get to closing. This is a concern not just for Cendera Funding, but for any mortgage banker operating in today’s marketplace,” he said.

“Cendera Funding is a great example of a mortgage banker that is in it to succeed for the long-haul, and has a vision for how technology will enable that. We are delighted that they’ve added DTO to their DataTrac Product Suite,” said DMD president Rob Katz. “DataTrac Originator was built to serve as the de facto industry standard for a mortgage lending POS, so we are pleased that its functionality appeals to a business for which we have the deepest respect.”

“We selected DataTrac Originator after comprehensive due diligence because it extends and improves upon the level of control we have historically enjoyed with DataTrac in an end-to-end environment. We are confident DataTrac Originator will meet our needs in 2011 and well into the future,” said Collins

About Del Mar DataTrac (DMD):

Marking its 20th business anniversary in 2011 and with more than $2 trillion in mortgage loans funded through DataTrac since its inception, 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 .

** CORRECTED TEXT: 8:25 a.m. PDT 5/23/11 **

- RSS news feed for DMD: send2pressnewswire.com/author/del-mar-datatrac/feed .

News Source: Del Mar DataTrac :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: Send2PressNewswire.com .

Ms. Feliciano’s portion of the presentation is called “Compliance Today and Beyond,” which will focus on the applicability and anti-steering disclosures for the new loan originator compensation rules. She will also spend time addressing the proposed ability to repay rule and changes to TILA. Ms. Feliciano will take questions from the audience at the conclusion of her presentation.

Session Information:
Topic: Compliance and regulatory issues
Date: Tuesday, May 10, 2011
Time: 2 p.m. Eastern Time
Location: Charleston, South Carolina at the Marriott Renaissance Charleston Historic District.

DocMagic has established one of the largest and most experienced compliance and legal teams in the industry to effectively implement new compliance and regulatory changes into its platform. DocMagic’s customers benefit from the emphasis it places on swiftly addressing compliance changes and the company’s extensive level of client care.

DocMagic will be holding meetings with users while at the conference. Contact the company to arrange a discussion time at (800) 649-1362 or via e-mail at comp…@docmagic.com .

About DocMagic:
Founded in 1988 and headquartered in Carson, Calif., DocMagic, Inc., is a mortgage technology company that develops software, processes and web-based systems for the production and delivery of compliant loan document packages. DocMagic provides compliance expertise regarding the completion of all applicable forms and both guarantees and warrants that all agency forms are up-to-date and in compliance with GSE requirements. DocMagic’s compliance experts and in-house legal staff constantly monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit our website at: www.docmagic.com .

CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbow…@profunditymarketing.com .

News Source: DocMagic, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: Send2PressNewswire.com .

“I’m looking forward to launching our payment system at FinovateSpring,” said Ian James, Founder and CEO of OpenCuro. “I’m eager to get on stage and really show what our payment system can do, both for the security savvy individual and for financial institutions nationwide.”

During FinovateSpring, OpenCuro will show the future of online payments by demonstrating how to send and receive money using its patent-pending system. Presently, online payment systems require the sender and/or receiver to disclose some mix of financial and personally identifiable information to make a payment, but OpenCuro plans to change all that. OpenCuro has taken a fundamentally different approach to payment privacy and security by designing a system that melds the simplicity of cash with the speed and ease of online payments.

Users make and receive payments using what they call a CuroCode: a randomly generated, alphanumeric code that is time-sensitive, one-time-use and contains absolutely no personally identifying information about the sender, receiver or transaction. There is no payment delay – when a CuroCode is submitted, payment is instantly transferred. OpenCuro’s system eliminates duplicate payments, unauthorized payments, and many types of identity theft. The payment system is designed to facilitate person-to-person payments in addition to person-to-business transactions.

In addition, OpenCuro plans to debut its solution for financial institutions. Banking customers are eager to use an online payment method offered directly from their own bank. Current offerings fail to gain traction because customers see them as slow, cumbersome or requiring the disclosure of too much personal information. Using OpenCuro, financial institutions can offer CuroCodes directly to their customers through existing banking infrastructure. CuroCodes allow money to be sent or received without disclosing any personal or financial information to the receiving party (person or merchant), the receiving party’s bank, or even to OpenCuro.

Customers can send or receive payments to or from anyone, regardless of where they bank. OpenCuro’s solution for financial institutions introduces a new revenue stream while providing improved customer retention, greater adoption of online and mobile banking, reduced check and cash transactions and greater control over the customer relationship.

“I’m excited that OpenCuro will be demoing their innovative payment system at FinovateSpring and explaining its implications for financial institutions,” said Eric Mattson, CEO of Finovate. “Online payments is an arena ripe for innovations like OpenCuro’s, especially with regard to fraud and security.”

About OpenCuro:
OpenCuro® is a fundamentally different online payment system that leverages patent-pending technology to eliminate duplicate and unauthorized payments. Unlike other systems, OpenCuro’s unique CuroCode approach reveals absolutely no financial information or personally identifying information about the sender, receiver or transaction, creating the utmost payment protection, while still offering the speed and ease of online payments. The OpenCuro system is patent-pending in the U.S., Canada, Australia, Europe, India, China, Japan, Singapore, Brazil, Mexico and South Korea. To learn more about payments that protect your privacy and security, visit opencuro.com .

About FinovateSpring:
FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Francisco, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event, or to view videos of previous demos, please visit www.finovate.com/spring2011 .

News Source: OpenCuro, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: Send2PressNewswire.com .

As of April 1, the Broker Anti-Steering Loan Option is required when the loan officer receives the application and before the issuance of the Good Faith Estimate or Truth in Lending disclosure, as the loan information contained in these documents is document-specific. The new form does not include the necessary information for the applicant/borrower that provides safe harbor under Regulation Z 226.36(e). It merely provides documentation that the information was presented to the borrower, as the changes do not specify a particular format (verbal, written, etc.) in which the information must be presented.

IDS gives clients the options of customizing their Broker Anti-Steering Loan Option Disclosure, which allows them to set-up the types of document packages in which they would like the disclosure to appear every time. Users also have the option to set-up client-specific fields so they receive the disclosure on a loan-by-loan basis.

“The LO compensation changes have been hotly contested, to say the least, and many people are still trying to wrap their heads around what this will mean for the wholesale market at large, as well as their individual businesses,” said IDS President Curt Doman. “We wanted to make compliance with the changes as seamless as possible from the docs side by providing our customers an easy-to-understand form that meets their individual needs.”

“IDS always strives for compliance when it comes to the most recent regulations, and we continue to update and add forms, rules and compliance checks to all our docs in the idsDoc library so that clients feel like they are giving their borrowers the most compliant, precise and correct documents possible,” Doman added.

The final rule prohibits payments to loan originators, which includes mortgage brokers and loan officers, based on the terms or conditions of the transaction other than the amount of credit extended. The rule also prohibits any person other than the consumer from paying compensation to a loan originator in a transaction where the consumer pays the loan originator directly and it prohibits originators from steering consumers to consummate a loan not in their best interest based on the face that the loan originator will receive greater compensation for such loans.

About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at www.idsdoc.com or call 800.554.1872.

- RSS news feed for IDS:
send2pressnewswire.com/author/international-document-services-inc/feed .

News Source: International Document Services, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: Send2PressNewswire.com .