Tag: Banking and Finance

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.

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.

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 system.

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 on system enhancements and broadening ReverseVision brand awareness among forward lenders and financial planners.

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.

SALT LAKE CITY, Utah, Feb. 10, 2015 (SEND2PRESS NEWSWIRE) -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has promoted former Executive Vice President Mark Mackey to chief executive officer.

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 world.

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.

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.

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 magazine. Rasori earned a spot on the list largely for his lead role in architecting and launching MCTlive!(TM).

BOSTON, Mass., Jan. 20, 2015 (SEND2PRESS NEWSWIRE) -- Truebridge, a content marketing company serving the financial industry, is excited to announce the newest update to its Content Marketing System.

NEW YORK, N.Y., Jan. 13, 2015 (SEND2PRESS NEWSWIRE) -- AMA Acquisitions is a private equity firm in New York State that has a credit facility in place to make acquisitions of companies in manufacturing, distributing and other major industries through debt and equity financing.

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.

SALT LAKE CITY, Utah, Dec. 12, 2014 (SEND2PRESS NEWSWIRE) -- North Capital Investment Technology has released TransactAPI 2.0, the first comprehensive transaction platform for funding portals, broker-dealers and private issuers.

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 establish complete data control and visibility over processes.

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.

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.

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.

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 providing capital and strategic solutions to the mortgage banking and residential finance industry.

LANSDALE, Pa., Nov. 18, 2014 (SEND2PRESS NEWSWIRE) -- Global DMS, a leading provider of Web-based compliant valuation management software, announced that its vice president of marketing, Jody Collup, has been named to HousingWire's 2014 Influential Women in Housing list.