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Tag Archives | Banking and Finance

DocMagic to Launch Collaborative Closing Platform to Meet TRID Requirements

TORRANCE, Calif., April 23, 2015 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that it will launch a Collaborative Closing Platform for the mortgage industry. The solution is comprised of a secure, seamless and dynamic web-based portal that efficiently and expeditiously helps lenders comply […]

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Industry Veteran Ken Ellis Joins OpenClose Sales Team

WEST PALM BEACH, Fla., April 16, 2015 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that industry veteran Ken Ellis has been hired as director of business development. Ellis will be responsible for selling the company’s multi-channel LenderAssist(TM) LOS platform to lenders, banks and credit unions.

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EPIC adds Christopher R. Mitchell as Senior Vice President Sales

SAN FRANCISCO, Calif., April 14, 2015 (SEND2PRESS NEWSWIRE) — EPIC (Edgewood Partners Insurance Center), a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Christopher R. (Chris) Mitchell has joined the firm as senior vice president of sales in the firm’s Northern California Bay Area Property and Casualty Insurance Division.

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The Mortgage Collaborative Adds Rich Swerbinsky, Nancee Mueller to Management Team

SAN DIEGO, Calif., April 10, 2015 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative, an independent lending cooperative serving small and mid-sized mortgage lenders and community-based lending institutions, has deepened its senior executive team with the addition of two new hires, announced the Collaborative’s Chairman, John Robbins, CMB.

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Vladimir Bien-Aime Wins Mortgage Banking Magazine’s 2015 Tech All-Star Award

LANSDALE, Pa., April 8, 2015 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of web-based compliant valuation management software, announced that its president and chief executive officer, Vladimir Bien-Aime, has been named to Mortgage Banking magazine’s prestigious 2015 Tech All-Stars list. The award was presented to Mr. Bien-Aime at a ceremony during the annual MBA […]

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The Mortgage Collaborative Installs David G. Kittle as Board Vice Chairman, Debra Still as Board Secretary, and Names Jim Park CEO

SAN DIEGO, Calif., April 7, 2015 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative, an independent lending cooperative serving small and mid-sized mortgage lenders and community-based lending institutions, has implemented several changes to its Board of Directors and executive management team, announced the Collaborative’s current Chairman, John Robbins, CMB.

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MCT Trading Adds Industry Veteran Joel Dulmage to its Growing Sales Team

SAN DIEGO, Calif., April 7, 2015 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized industry leader in mortgage risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, announced that Joel Dulmage has joined the company in the capacity of regional sales director. Mr. Dulmage will be responsible for new business […]

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ReverseVision Adds New Operations Team to Enhance RV Exchange System Performance and Scale

SAN DIEGO, Calif., April 2, 2015 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading software and technology provider for the reverse mortgage industry, has added a new Operations Team to their growing company. This team will be focused exclusively on product operations, system monitoring, capacity planning, backup, recovery, hosting management and product release.

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Market Showing Increasing Signs of Strengthening, Says Veros’ Latest 12-Month Forecast Update

SANTA ANA, Calif., April 2, 2015 (SEND2PRESS NEWSWIRE) — Veros Real Estate Solutions (Veros), an award-winning industry leader in enterprise risk management, collateral valuation services and predictive analytics, reports that the residential market is gaining momentum with a greater percentage of markets expected to increase in value over the next 12 months, moving upwards to […]

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Adam Rieke Joins Mid America Mortgage as Director of National TPO Lending

ADDISON, Texas, April 2, 2015 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) owner and Chief Executive Officer Jeff Bode announced Adam Rieke has joined the organization as director of national TPO lending. Rieke brings an extensive track record of success in the mortgage lending arena. Over the last 23 years, he has built […]

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United Wholesale Mortgage Launches Freddie Mac’s Home Possible Mortgage Program

TROY, Mich., March 25, 2015 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, announced today the availability of Freddie Mac’s new Home Possible(R) Mortgage program, which enables first-time home buyers and low- to moderate-income borrowers to achieve home ownership with only a three percent down payment.

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IDS Achieves Record Annual Mortgage Initial Disclosure Fulfillment in 2014

SALT LAKE CITY, Utah, March 20, 2015 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced 2014 as a record year, generating the most initial disclosure docs in a single year in the company’s history. In addition, IDS set a company record in January 2015 for the most amount of initial […]

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Brokers Gaining Market Share Again: 2015 is the Beginning of Broker Resurgence

TROY, Mich., March 17, 2015 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, announced that its president and CEO, Mat Ishbia, will be speaking on a webinar regarding brokers gaining market share in 2015. The webinar will be held March 18, 2015 from 11 a.m. – […]

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DocMagic Named to HousingWire Magazine’s Annual HW TECH100 List

TORRANCE, Calif., March 17, 2015 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that HousingWire magazine designated the company to its 2015 HW TECH100(TM) list. The list honors the 100 most innovative technology companies serving the U.S. mortgage finance and real estate industries.

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ReverseVision Releases Financial Assessment-Required Screens by Original HUD March 2 Deadline

SAN DIEGO, Calif., March 6, 2015 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading software and technology provider for the reverse mortgage industry, has released an update to their RV Exchange LOS that includes all Financial Assessment critical screens and calculations. This release was targeted to meet the Department of Housing and Urban Development’s (HUD’s) original Financial […]

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United Wholesale Mortgage Enhances Loan Tracking Technology

TROY, Mich., Feb. 26, 2015 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, announced that it has significantly enhanced its loan tracking technology called UTrack, which was redesigned specifically to allow borrowers and real estate agents to have real-time access to track their purchase and refinance […]

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Emilio N. Francisco, PDC CEO, Names Pat Brown as Project Manager for SummerPlace Development

COSTA MESA, Calif., Feb. 26, 2015 (SEND2PRESS NEWSWIRE) — Emilio N. Francisco, Chairman and Chief Executive Officer of private equity firm PDC Capital Group, announced that Pat Brown is joining senior housing real estate company SummerPlace Development as Project Manager overseeing the development of SummerPlace Assisted Living and Memory Care projects.

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Mid America Mortgage Hires Joanna Shelton as Mortgage Compliance Manager

ADDISON, Texas, Feb. 24, 2015 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced it has hired financial compliance expert Joanna Shelton as the company’s next compliance manager. In addition, Shelton will oversee compliance for Mid America’s sister company Mortgage Machine Service and its flagship loan origination system (LOS) Mortgage Machine. Shelton brings more […]

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ReverseVision on Track for Financial Assessment Changes Despite HUD Delay

SAN DIEGO, Calif., Feb. 24, 2015 (SEND2PRESS NEWSWIRE) — John Button, president and CEO of leading reverse mortgage software and technology provider ReverseVision, says the Department of Housing and Urban Development’s (HUD) decision to delay implementation of its Financial Assessment (FA) rules provides a better opportunity for lenders to get the required technology changes including: […]

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Quandis Unveils QLS, a Comprehensive Default Management Platform

FOOTHILL RANCH, Calif., Feb. 19, 2015 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading provider of default servicing software, announced that it launched Quandis Loan Servicing (QLS), an end-to-end default management platform that automates and compliantly manages the default process from start to finish. QLS is offered as an all-in-one system and also as modules so […]

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ARMCO to Present QC Benchmarking Tool ACES Analytics at MBA Technology Conference’s First-Ever Tech Showcase

POMPANO BEACH, Fla., Feb. 18, 2015 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), a leading provider of web-based quality control software for the financial services industry, announced it has been selected to present during the inaugural ‘Technology Showcase. at the Mortgage Bankers Association’s (MBA’s) National Technology in Mortgage Banking Conference and Expo 2015 in Orlando.

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ShortSave CEO Points Servicers to Borrower Self-Service Technology for CFPB Compliance

MONUMENT, Colo., Feb. 18, 2015 (SEND2PRESS NEWSWIRE) — Karl Falk, CEO of ShortSave, Inc., the provider of an award-winning borrower-facing mortgage default servicing system, foresees servicers being hamstrung by the human-powered servicing model in meeting the Consumer Financial Protection Bureau’s proposed amendments to its servicer rules.

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MorVest Capital Says Recent Changes on FHA Loans Will Impact Mortgage Servicing Rights Fair Value

DALLAS, Texas, Feb. 18, 2015 (SEND2PRESS NEWSWIRE) — MorVest Capital, a specialized investment firm focused on providing strategic capital and analytics solutions to the mortgage banking and residential finance industry, is drawing mortgage servicers’ attention to the impact two recent changes will have on mortgage servicing rights fair value for FHA loans.

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DocMagic Integration Supports MERS eRegistry

TORRANCE, Calif., Feb. 17, 2015 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry, announced that the firm has now completed its integration with the MERS(R) eRegistry, making it one of only a few industry vendors to integrate with the widely used […]

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ReverseVision Taps Wendy Peel as VP of Sales/Marketing

SAN DIEGO, Calif., Feb. 12, 2015 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading software and technology provider for the reverse mortgage industry, announced seasoned sales/marketing executive Wendy Peel has joined the company as its vice president of sales and marketing. In this position, Wendy will be responsible for managing the ReverseVision brand, working with product development […]

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DocMagic Implements MISMO Version 3.3 in Support of the TILA-RESPA Integrated Disclosure Rule

TORRANCE, Calif., Feb. 11, 2015 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the mortgage industry’s leader in compliant loan document preparation and driver of complete eMortgage adoption, announced that its entire solution set now adheres to version 3.3 of the Mortgage Industry Standards Maintenance Organization (MISMO) Reference Model.

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Veros CEO Darius Bozorgi Speaking at 2015 ABS Vegas Conference

SANTA ANA, Calif., Feb. 9, 2015 (SEND2PRESS NEWSWIRE) — Veros Real Estate Solutions (Veros), an award-winning industry leader in enterprise risk management, collateral valuation services and predictive analytics, is pleased to announce that president and CEO Darius Bozorgi will be a panelist at the 2015 ABS Vegas conference, the largest capital markets conference in the […]

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Bank of Southern California Successfully Raises $7.2 Million in Capital

SAN DIEGO, Calif., Feb. 9, 2015 (SEND2PRESS NEWSWIRE) — Bank of Southern California (OTCQB:FBBN / OTCMKTS:FBBN) (the ‘Bank’) announced today that it completed a private placement of approximately $7.2 million of its common stock, positioning the Company to grow its Southern California Franchise.

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ARMCO Adds Advanced Reporting Capabilities to Mortgage Quality Control Software Via Tableau

POMPANO BEACH, Fla., Feb. 4, 2015 (SEND2PRESS NEWSWIRE) — ARMCO – ACES Risk Management, a leading provider of web-based quality control software for the financial services industry, announced it has enhanced the reporting capabilities of ACES Web Audit Technology(TM) through an innovative integration with Tableau Software, a global leader in rapid-fire, easy-to-use business analytics software.

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Mortgage Machine Services Offers Source Code to LOS

ADDISON, Texas, Feb. 3, 2015 (SEND2PRESS NEWSWIRE) — Mortgage Machine Services (MMS), a leading provider of enterprise lending solutions, announced it will begin offering the source code to Mortgage Machine(TM), its flagship loan origination system (LOS), to the entire mortgage industry. Previously hosted as a SaaS solution for a select group of mortgage banks, Mortgage […]

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National Mortgage Professional Magazine Names MCT’s Phil Rasori to its Annual Top 40 Under 40 List

SAN DIEGO, Calif., Jan. 29, 2015 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized industry leader in mortgage risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, announced that its COO, Phil Rasori, was named one of the Top 40 Most Influential Mortgage Professionals Under 40 by National Mortgage Professional […]

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United Wholesale Mortgage Unveils New, Feature Rich Loan Origination System for its Mortgage Partners

TROY, Mich., Jan. 26, 2015 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, announced today that it officially launched a completely new loan origination system (LOS) that is loaded with features and tools for brokers and correspondents. The proprietary technology replaces UWM’s previous LOS and offers […]

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Titan Capital Solutions Purchasing ‘Scratch and Dent’ Mortgage Loans

DENVER, Colo., Jan. 22, 2015 (SEND2PRESS NEWSWIRE) — Titan Capital Solutions (TCS), a wholly-owned correspondent investment subsidiary of mortgage services provider Titan Lenders Corp., today announced it has begun purchasing lenders’ ‘scratch and dent’ production – loans rejected by the GSEs and private investors due to data, document and compliance errors with varying degrees of […]

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Titan Lenders Corp. Closes General Fulfillment Division, Exiting Retail Support in Favor of Investors

DENVER, Colo., Dec. 30, 2014 (SEND2PRESS NEWSWIRE) — Mortgage fulfillment outsource services expert Titan Lenders Corp. (Titan) announced it will exit its retail general fulfillment service offering, which includes contract underwriting, closing, funding and post-closing for retail mortgage lenders, effective Jan. 31.

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Pacific Union Financial Signs with OpenClose to Automate its Wholesale Lending Channel

WEST PALM BEACH, Fla., Dec. 9, 2014 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that Pacific Union Financial, LLC signed with the company to implement its multi-channel, 100 percent browser-based LOS platform, LenderAssist(TM). The comprehensive solution will automate Pacific Union Financial’s wholesale lending functions from start to finish and […]

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Mid America Mortgage to Integrate Affinity Lending Solutions

ADDISON, Texas, Dec. 3, 2014 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) owner and Chief Executive Officer Jeff Bode, and Houston-based Affinity Lending Solutions, LLC (Affinity), president and Chief Executive Officer Scott R. Valby, today announced their intention to integrate Affinity’s production operations and branch network into Mid America’s mortgage platform.

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Quandis Responds to White House Request to Partner with Banks and Servicers for New Military Personnel Program

FOOTHILL RANCH, Calif., Dec. 2, 2014 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading provider of mortgage servicing software, announced that it rolled out a website to help address President Obama’s New Executive Actions to assist service members, veterans and their families.

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United Wholesale Mortgage Introduces Investor Edge Product

TROY, Mich., Dec. 2, 2014 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, announced that it rolled out a new product called Investor Edge, which is designed specifically for borrowers that are looking to purchase or refinance non-owner occupied investment properties.

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ShortSave, Inc. Distressed Mortgage Work Out Solution Wins 2014 Servicing Trailblazer Award

MONUMENT, Colo., Nov. 25, 2014 (SEND2PRESS NEWSWIRE) — ShortSave, Inc., a mortgage industry technology innovator that helps distressed borrowers work out their loans with their lenders in a matter of days, was awarded the coveted Servicing Trailblazer Award at the 15th Annual Mortgage Technology Awards Ceremony on October 19 in Las Vegas.

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MorVest Capital Completes New Mortgage Servicing Rights (MSR) Credit Facility, Adding to its Market Leading Total

DALLAS, Texas, Nov. 19, 2014 (SEND2PRESS NEWSWIRE) — MorVest Capital, in concert with its funding partner Customers Bank (NASDAQ: CUBI), today announced that this week it has closed another mortgage servicing rights (MSR) credit facility for a Virginia company, adding to its growing tally. MorVest Capital, LLC is a boutique investment firm primarily focused on […]

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New Changes to HUD Section 184 Native American Indian Home Loan Guarantee now will also allow for Refinance Transactions

DENVER, Colo., Nov. 14, 2014 (SEND2PRESS NEWSWIRE) — Native Americans with a tribal enrollment card have been eligible for a specialized Home Loan Guarantee Program (HUD Section 184) since 1992 to assist in the purchase of a new home, says Morgan Pennington, a Section 184 Licensed Mortgage Consultant at Universal Lending Corporation. Beginning this year, […]

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Bank of Southern California Acquires Frontier Bank, FSB dba El Paseo Bank

PALM DESERT, Calif., Nov. 7, 2014 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Markets FBBN / OTCMKTS:FBBN) announced today that it purchased substantially all the assets and liabilities of Frontier Bank, FSB dba El Paseo Bank through a purchase and assumption agreement with the FDIC.

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United Wholesale Mortgage Webinar to Offer Game-Changing Strategies to Increase Broker Business in 2015

TROY, Mich., Nov. 6, 2014 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, announced that it will be holding a webinar on game-changing strategies that brokers can utilize to generate more business in 2015. UWM’s president and CEO, Mat Ishbia, will personally be conducting the webinar.

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IDS Creates Internal Team to Manage Mortgage Doc Prep System Integrations

SALT LAKE CITY, Utah, Nov. 6, 2014 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has created an internal team devoted solely to developing and maintaining integrations between its flagship document preparation system, idsDoc, and its third-party partners.

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MCT Trading Wins Release of the Year Mortgage Technology Award

SAN DIEGO, Calif., Oct. 31, 2014 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized industry leader in risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, is pleased to announce that MCTlive!(TM), MCT’s best-in-class secondary marketing software platform, has been selected as the winner of Mortgage Technology magazine’s 2014 Release […]

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EPIC adds John Walsh as Executive Liability and Financial Lines Principal

SAN FRANCISCO, Calif., Oct, 21, 2014 (SEND2PRESS NEWSWIRE) — EPIC (Edgewood Partners Insurance Center), a retail property, casualty insurance brokerage and employee benefits consultant, announced today that John Walsh has joined the firm as their Principal of Executive Liability and Financial Lines insurance. Walsh brings more than 10 years of Financial Lines Broking, Placement, Underwriting, […]

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The Compliance Group Taps Mortgage Quality Control, Operations Expert Jeremy Burcham as Chief Strategy Officer

CARLSBAD, Calif., Oct. 20, 2014 (SEND2PRESS NEWSWIRE) — Leading mortgage compliance services provider The Compliance Group, Inc. (TCG) announced it has hired Jeremy Burcham as Chief Strategy Officer. Bringing nearly 14 years of quality control and operations experience, Burcham will be responsible for formulating, facilitating and communicating TCG’s plans for the future. Burcham will also […]

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Mark Gustafson Joins Bank of Southern California

PALM DESERT, Calif., Oct. 16, 2014 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTCMKTS:FBBN) today announced that seasoned community banker, Mark Gustafson has been appointed to lead the bank’s Coachella Valley region. Mr. Gustafson most recently served as Market President for First California Bank which was sold and merged into Pacific Western Bank. He […]

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Global DMS Rolls Out ATOM, an Enhanced Mobile Application for Appraisers

LANSDALE, Pa., Oct. 14, 2014 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of Web-based compliant valuation management software, announced that it launched Appraisal Tracking On Mobile (ATOM), an application that arms appraisers with robust functionality, instant access to information, and communication capabilities that facilitates greater productivity in the field.

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OpenClose Reports Banner Year, Adds Staff to Handle Increasing Demand for its End-to-End LOS Platform and Correspondent and Wholesale Solutions

WEST PALM BEACH, Fla., Oct. 14, 2014 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that it is adding technical staff to effectively manage a growing demand for its browser-based LOS platform, LenderAssist(TM), and accompanying solutions. Amid a down market, OpenClose is having its best revenue growth year in company […]

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EPIC Names Insurance Veteran Peter Garvey as COO

SAN FRANCISCO, Calif., Oct. 9, 2014 (SEND2PRESS NEWSWIRE) — EPIC (Edgewood Partners Insurance Center), a retail property, casualty insurance brokerage and employee benefits consultant, today announced the appointment of insurance industry veteran Peter Garvey as Chief Operating Officer (COO), a newly created position reporting to CEO John Hahn. Bringing EPIC nearly 35 years of insurance […]

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ARMCO Integrates Mortgage Quality Control Software with Verification Services from Kroll Factual Data

POMPANO BEACH, Fla., Oct. 7, 2014 (SEND2PRESS NEWSWIRE) — ARMCO – ACES Risk Management, a leading provider of web-based audit technology for the financial services industry, has announced the seamless integration of its loan auditing platform with independent data verification services from Kroll Factual Data, a leading provider of credit, risk mitigation and third-party verification […]

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Global DMS and Collateral Analytics Named Joint Finalists for Mortgage Technology Magazine’s Synergy Award

LANSDALE, Pa. and HONOLULU, Hawaii, Sept. 30, 2014 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of Web-based compliant valuation management software, and Collateral Analytics, a leading provider of real estate analytics and valuation products, announced that the two companies have been named finalists for Mortgage Technology magazine’s annual Synergy Award.

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MCT Trading Selected as Finalist for Mortgage Technology Magazine’s Release of the Year Award

SAN DIEGO, Calif., Sept. 30, 2014 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging, loan sale execution and risk management services, announced that it has been chosen by Mortgage Technology magazine as a finalist for the 2014 Release of the Year Award.

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eValuation ZONE Introduces eVal Hybrid 1.0

CHICAGO, Ill., Sept. 23, 2014 (SEND2PRESS NEWSWIRE) — National valuation services provider, eValuation ZONE, Inc., announced today the launch of their new USPAP compliant product eVal 1.0, a hybrid valuation report utilized for a variety of programs such as HELOCs, REOs, as well as purchases and refinances for non-agency and portfolio programs.

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Titan Lenders Corp. Educates Mortgage Lenders on CFPB’s ‘Mini-Correspondent’ Guidance

DENVER, Colo., Sept. 11, 2014 (SEND2PRESS NEWSWIRE) — Mortgage fulfillment outsource services expert Titan Lenders Corp. (Titan) announced it will conduct a weekly webinar series designed to educate mini-correspondents on meeting Consumer Financial Protection Bureau (CFPB) requirements through general fulfillment.

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ARMCO Pioneers Mortgage Industry Quality Control Benchmarking Solution

POMPANO BEACH, Fla., Sept. 4, 2014 (SEND2PRESS NEWSWIRE) — ARMCO – ACES Risk Management, a leading provider of web-based audit technology for the financial services industry, has announced the launch of ACES Analytics(TM), a business intelligence tool that will, for the first time, allow mortgage professionals to benchmark quality control results against industry peers. The […]

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HECM Reverse Mortgages Have Less Risk for Lenders says ReverseVision Board Member, Industry Expert Jeffrey Taylor

SAN DIEGO, Calif., Sept. 2, 2014 (SEND2PRESS NEWSWIRE) — Mortgage lenders offering the HUD-insured Home Equity Conversion Mortgage (HECM) will find that originating reverse loans carries fewer risks than traditional mortgages. Recent HUD changes have made these loans even better suited to serve their intended purpose, according to reverse mortgage expert Jeffrey Taylor, a ReverseVision […]

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Titan Capital Solutions Jumbo Correspondent Mortgage Program Has Historic Lock Month in June 2014, Adds 7 Approved Sellers in Q2

DENVER, Colo., Aug. 25, 2014 (SEND2PRESS NEWSWIRE) — Titan Capital Solutions (TCS), a wholly-owned jumbo correspondent investment subsidiary of mortgage outsource services provider Titan Lenders Corp., has announced June 2014 was its largest lock month in both volume and dollar amount since its inception in October 2012.

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IDS Launches Mortgage Compliance Resource Center for Doc Prep Clients

SALT LAKE CITY, Utah, Aug. 25, 2014 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS) announced it has launched a comprehensive ‘Resources’ website within its flagship doc prep system idsDoc. The main feature of the site, a compliance-focused blog authored by IDS Compliance Officer Jonathan Johnson, was made available to clients […]

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Reverse Mortgage Volumes Trend Up in Closed Loan Data, FHA Endorsements a Lagging Indicator, says ReverseVision’s Rob Katz

SAN DIEGO, Calif., Aug. 12, 2014 (SEND2PRESS NEWSWIRE) — Contrary to what has been reported for the past six months, reverse mortgage originations have been trending up according to ReverseVision, the leading provider of reverse mortgage lending solutions. ReverseVision’s RV Exchange (RVX) is the leading reverse loan origination system (RLOS) and lending system of record […]

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IDS Passes SOC 2 Audit of Mortgage Doc Prep Services with No Exceptions

SALT LAKE CITY, Utah, Aug. 6, 2014 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS) announced it has passed its first Service Organization Control (SOC) 2SM audit with no exceptions. According to the American Institute of CPAs (AICPA), the organization that created the audit, SOC 2’s purpose is to assess the […]

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Scott Law Firm Automates Name Permutation Searches for Military Personnel to Comply with SCRA, Quandis Technology Enables

FOOTHILL RANCH, Calif., July 30, 2014 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading provider of mortgage servicing software, announced that Scott Law Firm, which serves the default servicing industry, is actively utilizing its new military search name permutation functionality. Scott Law Firm can now more easily and efficiently identify active duty military borrowers in the […]

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ReverseVision Offers Free Online Course on HUD Mortgagee Letter Changes through RV University (RVU)

SAN DIEGO, Calif., July 23, 2014 (SEND2PRESS NEWSWIRE) — ReverseVision, Inc., the leading provider of business solutions for the reverse mortgage industry is offering a free on-line class focused on changes announced by HUD in recent Mortgagee Letters 2014-07 and 2014-12 through its ReverseVision University (RVU).

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OpenClose LOS Establishes Secondary Marketing Transparency and Control Across all Lending Channels

WEST PALM BEACH, Fla., July 11, 2014 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that lenders are successfully using the secondary marketing component of its LOS, LenderAssist(TM), to deliver greater insight and control for secondary marketing departments.

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PrimeLending Signs with Global DMS, Implements eTrac Valuation Management Solution

LANSDALE, Pa., June 24, 2014 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of Web-based compliant valuation management software, announced that PrimeLending, a national residential mortgage lender, successfully implemented its eTrac(R) valuation platform to compliantly automate the lender’s entire appraisal process.

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IDS Includes Multi-Browser Compatibility in Mortgage Doc Prep System Redesign

SALT LAKE CITY, Utah, June 19, 2014 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announces its flagship doc prep system idsDoc is now compatible with the three major Internet browsers — Google Chrome(TM), Microsoft Internet Explorer(R) and Mozilla Firefox(R).

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Quandis Adds Functionality to Help Prevent Foreclosures on Active Military Personnel

FOOTHILL RANCH, Calif., June 12, 2014 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading provider of mortgage servicing software, announces that it rolled out a new feature within its existing military search service that identifies multiple name variations of borrowers which could have active duty status in the U.S. military. If in default but on active […]

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IDS Makes Fourth Appearance on Mortgage Technology’s Annual ‘Top 50 Service Provider’ List

SALT LAKE CITY, Utah, May 21, 2014 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS) announced it has made its fourth consecutive appearance on the Top 50 Service Providers list, issued by SourceMedia’s Mortgage Technology magazine.

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Titan Capital Solutions Added to Capital Markets Cooperative Roster of Preferred Jumbo Mortgage Investors

DENVER, Colo., May 19, 2014 (SEND2PRESS NEWSWIRE) — Titan Capital Solutions (TCS), a wholly-owned jumbo correspondent investment subsidiary of mortgage outsource services provider Titan Lenders Corp., announced it has been named a preferred investor by Capital Markets Cooperative (CMC), a nationwide alliance of mortgage bankers.

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Riverview Financial Corporation Announces Second Quarter Cash Dividend

HALIFAX, Pa., May 16, 2014 (SEND2PRESS NEWSWIRE) — Riverview Financial Corporation (OTCQB: RIVE) announced that on May 14, 2014 its Board of Directors declared the payment of a cash dividend of $0.14 per share for the second quarter 2014, an increase of 12 percent as compared with the $0.125 cash dividend paid for the second […]

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FirstClose Announces Expanded Portfolio Review Service

AUSTIN, Texas, May 15, 2014 (SEND2PRESS NEWSWIRE) — FirstClose, an Austin, Texas-based mortgage technology service provider, announced today the expansion of its Portfolio Review Service for current home values, liens and encumbrances. Lenders can now access a detailed asset valuation that meets compliance requirements, but also exceeds expectations with a summary of the featured properties’ […]

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MCT Trading, Inc. Officially Introduces MCTlive, a Browser-based Software Platform for Secondary Marketing Departments

SAN DIEGO, Calif., May 14, 2014 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging, loan sale execution, and risk management services, announced the formal launch of MCTlive(TM), a secondary marketing technology platform designed for capital markets trading and pipeline management. MCTlive provides lenders with a browser-based software solution, robust […]

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Phil Rasori of MCT Trading to Lead Panel Session at MBA National Secondary Marketing Conference

SAN DIEGO, Calif., May 9, 2014 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that its COO, Phil Rasori, will moderate and drive a panel session entitled ‘Liquidity Challenges for Smaller Lenders’ at the Mortgage Bankers Association’s Annual Secondary Marketing Conference in New York […]

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Titan Capital Solutions Adds 13 Approved Sellers to Jumbo Correspondent Mortgage Program in Q1 2014

DENVER, Colo., May 8, 2014 (SEND2PRESS NEWSWIRE) — Titan Capital Solutions (TCS), a wholly-owned jumbo correspondent investment subsidiary of mortgage outsource services provider Titan Lenders Corp., announced it has added 13 approved sellers to its correspondent jumbo program in the first quarter of 2014. The additions represent a 20 percent increase in TCS approved sellers […]

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The Compliance Group Assists Mortgage Lenders, Financial Institutions with Comprehensive Suite of Outsourced Compliance, Audit Services

CARLSBAD, Calif., May 5, 2014 (SEND2PRESS NEWSWIRE) — To meet lenders’ growing demand for compliance assistance, leading mortgage compliance services provider The Compliance Group, Inc. (TCG) announced it offers a comprehensive suite of audit and monthly outsourced compliance services, encompassing both federal and state-level audits as well as a host of other compliance-related reviews and […]

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IDS Sees Significant Mortgage Document E-sign Adoption Among Customers in 2013

SALT LAKE CITY, Utah, May 1, 2014 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS) announced more than half (51.6 percent) of all document packages it processed in 2013 were signed electronically. In addition, following the IRS’s approval of electronically signed 4506-T documents in late 2012, 18.5 percent of all 4506-T […]

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Massey Consulting announces their 2014 ‘Make Your Beans Count’ series webinar schedule for CPAs and CPA Firms

RALEIGH, N.C., April 22, 2014 (SEND2PRESS NEWSWIRE) — Massey Consulting, a North Carolina-based accounting software reseller, is pleased to announce the release of their 2014 webinar schedule for CPAs and CPA Firms, entitled ‘Make Your Beans Count.’ This webinar series is designed to present a variety of educational topics for CPAs.

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EPIC names Michael Gonthier as new Chief Financial Officer

SAN FRANCISCO, Calif., April 14, 2014 (SEND2PRESS NEWSWIRE) — EPIC (Edgewood Partners Insurance Center), a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Michael Gonthier has joined the firm as Chief Financial Officer. EPIC’s current CFO, Elaine Andrian, will now focus on merger and acquisition strategy and diligence as the firm […]

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Titan Capital Solutions Adds Overnight Pricing Protection, Scenario Help Desk to Jumbo Correspondent Lending Program

DENVER, Colo., April 2, 2014 (SEND2PRESS NEWSWIRE) — Titan Capital Solutions (TCS), a wholly-owned correspondent investment subsidiary of mortgage outsource services provider Titan Lenders Corp., announced it has added an overnight pricing protection policy and a scenario help desk to its jumbo correspondent program. To bolster its commitment to customer service, TCS stands behind a […]

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The Compliance Group Offers Subservicer Monitoring for Mortgage Bankers, Community Banks and Credit Unions

CARLSBAD, Calif., April 2, 2014 (SEND2PRESS NEWSWIRE) — Leading mortgage compliance services provider The Compliance Group, Inc. (TCG) is now offering subservicer monitoring services for mortgage bankers and the mortgage lending servicing operations of community banks and credits unions.

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