Authors Posts by Suzee Quanta

Suzee Quanta

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Suzee Quanta is the lead content editor for Mortgage & Finance News magazine, responsible for quality control and uptime. Suzee has worked in the finance industry for over 20 years in various support service positions, and joined the Neotrope News Network team in 2017.

Mid America Mortgage to Purchase eNotes through Its Correspondent Channel

Mortgage and Finance News: (ADDISON, Texas) Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode today announced it will purchase eNotes for loans closed electronically from approved sellers through its correspondent lending channel.

Bank of Southern California Provides $5 Million in Financing to OWB Real Estate Holdings, LLC

Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that it has provided $5 million in financing as senior lender in part of a larger financing arrangement for OWB Real Estate Holdings, LLC. The financing was a combination of bank borrowing, and loans secured through the Federally backed New Market Tax Credit program. The financing provided funds used for the acquisition of land, improvements, and equipment of a shuttered beef slaughter and processing plant in Brawley, Calif., formerly operated by National Beef.

Evolve Bank & Trust Selects ReverseVision Exchange (RVX) Loan Origination Software

Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision is pleased to announce that Memphis, Tennessee-based Evolve Bank & Trust (Evolve), a full-service commercial bank and mortgage lender serving customers and communities nationwide, has selected RV Exchange (RVX) reverse mortgage loan origination software (LOS).

iFOS Awarded Contract to Provide NIFA with Audit Resolution and Grant Award Close Out Advisory Support Services

Mortgage and Finance News: (COLUMBIA, Md.) Intelligent Fiscal Optimal Solutions(R) (iFOS), an emerging provider of innovative financial consulting and staff augmentation services for the Federal Government, received a contract award to provide grant audit resolution and close out advisory support services to the United States Department of Agriculture, National Institute of Food and Agriculture (NIFA's), Office of Grants and Financial Management (OGFM).

LeaseAccelerator CEO to Speak at FEI New Lease Accounting Standards Conference

Mortgage and Finance News: (IRVINE, Texas) LeaseAccelerator announced today that its CEO, Michael Keeler, will participate in a panel at the upcoming Financial Executives International (FEI) New Lease Accounting Standard Conference. Issued earlier this year, the new standards, FASB ASU 2016-02 (or Topic 842) for US GAAP and IFRS 16, will require companies to track virtually all real estate, equipment leases, and leases embedded in service agreements as assets and liabilities on their balance sheets starting as early as 2019.

Professional Auditing Services of America Announces Its New 2016 Contingency Based Digital Accounts Payable Recovery Dashboard

Mortgage and Finance News: (SOUTHFIELD, Mich.) Professional Auditing Services of America (PAS) announced today that it will make its newly engineered and proprietary Accounts Payable Digital Recovery Dashboard (Progress Report) available to all new clients free of charge. The Dashboard is an easy to read, single page, real-time user interface, showing a graphical presentation of the current status (snapshot) of PAS' contingency based recovery review progress and supplier trends.

LeaseAccelerator and Riveron Consulting to Co-Present in ClearLaw Institute Webinar on New Lease Accounting Standards

Mortgage and Finance News: (WASHINGTON, D.C.) LeaseAccelerator and Riveron Consulting announced today that they will be co-presenting on a forthcoming ClearLaw Institute Webinar about the new lease accounting standards. Issued earlier this year, the new standards, FASB ASU 2016-02 (or Topic 842) for US GAAP and IFRS 16, will require companies to track virtually all real estate and equipment leases as assets and liabilities on their balance sheets starting as early as 2019.

Bank of Southern California to Acquire Opus Bank Branch

Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California (OTC Pink: BCAL / OTCMKTS:BCAL) announced that it has reached a definitive agreement to acquire the deposits of the La Quinta branch of Opus Bank located at 78080 Calle Estado #101, La Quinta, pending regulatory approval. The sale is anticipated to close on or about August 19, 2016.

Wells Fargo Approves Hybrid eClosings on Pavaso’s Digital Close Platform

Mortgage and Finance News: (PLANO, Texas) Pavaso, Inc., a provider of digital process and collaboration solutions for the real estate lifecycle, announced that Wells Fargo has named Pavaso an approved vendor for "hybrid" eClosings. In a hybrid eClosing, select documents are printed and "wet signed," but much of the closing package is executed electronically. Effective immediately, Wells Fargo will accept loans closed on Pavaso's Digital Close(SM) platform using this hybrid process.

Taxometry Joins Electronic Transactions Association

Mortgage and Finance News: (SOUTH JORDAN, Utah) Taxometry announced it has joined the Electronic Transactions Association. Taxometry has developed a state-of-the-art software system that calculates and deducts sales tax automatically for online purchases, and remits the tax to the appropriate state on behalf of retailers.

ReverseVision’s Wendy Peel Named a 2016 ‘Elite Woman in Mortgage’ by Mortgage Professional America Magazine

Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, Inc., a leading provider of software and technology for the reverse mortgage industry, today announced that Vice President of Sales and Marketing Wendy Peel is one of Mortgage Professional America (MPA) magazine's 2016 'Elite Women in Mortgage.'

DocMagic Announces ‘eQC’ Automated Due Diligence Solution for Lending Industry

Mortgage and Finance News: (TORRANCE, Calif.) DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced the formal launch of its fully integrated 'eQC' solution that automates due diligence for investors and correspondent lenders.

Simplifile Signs On 22 Additional Counties in Midwest, West Coast Regions

Mortgage and Finance News: (PROVO, Utah) Simplifile, a leader in electronic document and data workflow technology for lenders, settlement agents and counties, announced it added 22 additional county recording offices in the Midwest and on the West Coast to its e-recording platform. These new counties are located in Idaho, Illinois, Kansas, Michigan, Minnesota, Missouri, North Dakota, Ohio, Oregon, Washington and Wisconsin.

The Mortgage Collaborative Adds 14 New Lender Members Nationwide including Arizona and Texas

Mortgage and Finance News: (SAN DIEGO, Calif.) The Mortgage Collaborative, an independent mortgage lending cooperative, today announced the addition of 14 new lenders to their national network of originating members, according to the Collaborative's EVP of National Sales and Strategic Alliances, Rich Swerbinsky.

New Study Finds Most Companies Lack Systems and Processes to Comply with New Lease Accounting Standards

Mortgage and Finance News: (GREAT FALLS, Va.) LeaseAccelerator, the leader in Equipment Lease Management software, announced the results of a 2016 market readiness survey for the new lease accounting standards. The first research study to be completed since the Financial Accounting Standards Board (FASB) announced ASU 2016-02 (ASC 842), surveyed financial professionals about their state of readiness for the new leasing standards.

Simplifile Adds 16 County Recording Offices Across Southeast, Mid-Atlantic

Mortgage and Finance News: (PROVO, Utah) Simplifile, a leader in electronic document and data workflow technology for lenders, settlement agents and counties, announced it has installed its e-recording solution in 16 additional county recording offices across Alabama, Arkansas, Georgia, Florida, Louisiana, North Carolina and Pennsylvania.

Home-Equity Loans Facts Track seminar for mortgage lenders in Huntington Beach May 11

Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, Inc. is pleased to announce that it is again offering the popular 'Home-Equity Loans Facts Track' seminar for mortgage lenders interested in learning more about the home-equity conversion mortgage (HECM) loan on May 11, 2016 at the Hyatt Regency Huntington Beach, Sandpiper Room from 12:30 p.m. to 2:30 p.m.

Simplifile and Landtech Data Corporation Integration Streamlines E-Recoding Process for Settlement Service Providers

Mortgage and Finance News: (PROVO, Utah) Simplifile, the nation's largest e-recording service provider, has partnered with Landtech Data Corporation to improve recording efficiency and ease payment processing for Landtech's nationwide customer base. The integration will further advance the efficiency of the e-recording process by allowing settlement service providers to submit and pay for their e-recording documents using Simplifile without ever leaving the Landtech system.

Mid America Mortgage Hires Michael J. Lima to Oversee Whole Loan Trading Division

Mortgage and Finance News: (ADDISON, Texas) Mid America Mortgage, Inc. Owner and CEO Jeff Bode announced the firm has retained mortgage banking and capital markets executive Michael Lima as managing director of its Whole Loan Trading division. With nearly 30 years of mortgage expertise, Lima will direct Mid America's whole loan acquisition business, including its recent entry into the market for loans with TRID compliance issues.

Mortgage Technology Provider, DocMagic Wins 2016 Innovation Award for SmartCLOSE TRID Portal

Mortgage and Finance News: (TORRANCE, Calif.) DocMagic, Inc., a premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that PROGRESS in Lending presented the company with one of its annual Innovation Awards for the development and widely successful launch of its industry-leading SmartCLOSE(TM) collaborative closing portal for TRID compliance. DocMagic was one of only seven recipients to receive the honor out of numerous applicants.

Bank of Southern California N.A. adds Kt Duong and Troy Ferguson to Sales Team

Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), welcomes Kt Duong and Troy Ferguson, as Vice President, Business Relationship Managers to its seasoned team of bankers. Mr. Duong has been in banking and finance for 8 years, including Commercial Capital Partners, Commercewest Bank and Citigroup.

ReverseVision Exchange Loan Origination Software Now Used in 12 States by Willow Bend Mortgage

Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision announced today that Willow Bend Mortgage, an independent mortgage lender serving the South Central United States, has selected RV Exchange (RVX) as its reverse mortgage loan origination software (LOS). A long-standing community lender in its home state of Texas, Willow Bend began expanding its reverse mortgage program in 2015 and is currently licensed to operate in 12 states.

Simplifile Q1 2016 Report Reveals Three Out of Four Transactions Eligible to be E-Recorded

Mortgage and Finance News: (PROVO, Utah) Simplifile, a leader in electronic document and data workflow technology for lenders, settlement agents and counties, today released quarterly figures summarizing the organization's activities and achievements from January through March 2016.

Altavera Mortgage Services Notes Uptick in Non-QM Activity from Originators, Aggregators and Investors

Mortgage and Finance News: (DENVER, Colo.) Altavera Mortgage Services, a premier provider of third-party residential mortgage origination services, reports a marked uptick in non-Qualified Mortgage (non-QM) inquiries in the first quarter of 2016. According to President and Founder Brian Simons, staffing requests from Altavera's clients suggest the industry is preparing for increased business in Q2 and the second half of 2016.

OpenClose Welcomes Mortgage Industry Veteran Michael Falce to Manage Increasing Demand for its Loan Origination System

Mortgage and Finance News: (WEST PALM BEACH, Fla.) OpenClose, an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, announced that industry veteran Michael Falce has been hired as a vice president, enterprise account executive. In this role, he will work with lending entities of various types and sizes to utilize OpenClose's LenderAssist LOS and additional software solutions.

IDS Hits Multiple Daily Mortgage Document Preparation Records in 2015, Achieves Significant Growth Despite TRID Challenges

Mortgage and Finance News: (SALT LAKE CITY, Utah) Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it achieved 11 single-day company records for total document orders in 2015. Overall document fulfillment increased 24 percent from 2014 to 2015, with initial disclosures and closing documents seeing similar growth (26 percent and 22 percent, respectively). IDS also saw increased adoption of its eSign functionality in 2015, with 45 percent more documents electronically signed as compared to 2014.

LeaseAccelerator Announces FASB ASC 842 and IFRS 16 Compliant Accounting Solution for Equipment Leases

Mortgage and Finance News: (GREAT FALLS, Va.) LeaseAccelerator, the leader in Equipment Lease Management software, today announced a new release featuring updated functionality to support the new lease accounting standards introduced by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). With support for FASB ASC 842 and IFRS 16, LeaseAccelerator customers can now confidently comply with the financial reporting requirements of the SEC and other international regulators.

DocMagic Named ‘Top 100 Mortgage Employer’ for 2016

Mortgage and Finance News: (TORRANCE, Calif.) DocMagic, Inc. the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that it was named to National Mortgage Professional magazine's annual 'Top 100 Mortgage Employers' list for 2016..

New Consumer Protection Service Company Combines Best of All Worlds

Mortgage and Finance News: (WESTON, Fla.) Biggrey Trust takes the best of what other consumer protection services have to offer and combines them all into one winning solution. Being trustworthy is key to increasing sales. In fact, 62 percent of all consumers look for trusted stores before making a purchase decision. It's all about making an emotional connection and Biggrey helps stores do just that.

American Fidelity Notifies Customers of Possible Data Disclosure

Mortgage and Finance News: (OKLAHOMA CITY, Okla.) American Fidelity Assurance Company recently learned of an incident that involves personal information of some of our Customers. The information did not include Social Security numbers.