Banking

Banking

Banking News from Mortgage & Finance News magazine

Banking

Banking
Banking News from Mortgage & Finance News magazine

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.

At Mortgage Banking Conference in L.A., ReverseVision’s Jeff Birdsell Recognized as MBA Tech All-Star

Mortgage and Finance News: (SAN DIEGO, Calif.) Jeff Birdsell, CMB and vice president of professional services for ReverseVision, Inc., today was honored with Mortgage Banking magazine's Tech All-Star award. Mortgage Bankers Association (MBA) Chief Economist Mike Fratantoni and Mortgage Banking Editor-in-Chief Janet Hewitt presented Birdsell with the award during the MBA's National Technology in Mortgage Banking Conference and Expo 2016 in Los Angeles.

Platinum Data Launches RealView QB Providing Mortgage Lenders and Appraisers with Single System of Record for Appraisal QC

Mortgage and Finance News: (ALISO VIEJO, Calif.) Platinum Data Solutions, a provider of valuation data and analytics solutions, has launched RealView QB (Quality Bridge), the industry's only appraisal quality technology that allows users to authorize access and share information with third parties, including lenders, AMCs, appraisers and investors.

Simplifile Accepts 2016 Innovations Award from PROGRESS in Lending Association

Mortgage and Finance News: (PROVO, Utah) Simplifile, a provider of collaborative technology for lenders, settlement agents and counties, announced it was one of seven recipients of the 2016 Innovations Award from mortgage technology advocacy group PROGRESS in Lending. The company was honored for its Collaboration and Post Closing solutions during a ceremony in Los Angeles on April 3 in conjunction with the Mortgage Bankers Association's National Technology in Mortgage Banking Conference and Expo.

eClosing Leader, Pavaso Completes 2000 Live Transactions on Digital Closing Platform

Mortgage and Finance News: (LOS ANGELES, Calif.) Pavaso, a leader in eClosing and Consumer Management technology solutions, announced it has recorded its 2,000th live transaction on the Digital Close platform. In addition, more than 6,500 user accounts have been created in the platform, spanning from mortgage lenders to title/settlement agents to REALTORS and consumers. The announcement was made in conjunction with the Mortgage Bankers Association's National Technology in Mortgage Banking Conference and Expo.

OpenClose Named a 2016 HW TECH100 Mortgage Technology Vendor for the Third Straight Year

Mortgage and Finance News: (WEST PALM BEACH, Fla.) OpenClose, an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, announced that HousingWire has named the company to its 2016 HW TECH100 list for the third year. The list recognizes the most innovative technology firms in the U.S. housing economy.

ReverseVision Exchange Software selected by NOVA Home Loans to Originate Reverse Mortgages

Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, Inc. announced today that NOVA(R) Home Loans (NOVA), a Tucson, Arizona-based mortgage lender serving the Southwestern United States, has selected RV Exchange (RVX) as its reverse mortgage loan origination software (LOS). NOVA has originated reverse mortgages as a correspondent lender since 2014.

DocMagic Launches New Total eClosing Solution, Transforming the Entire Mortgage Process

Mortgage and Finance News: (TORRANCE, Calif.) DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced today the formal launch of its fully integrated eClosing solution that electronically transforms the entire mortgage process from initial eDisclosure to final eClosing through investor eDelivery.

Media Advisory: Reverse Mortgage Expert John Button Available to Comment on Reverse Mortgage Trends

Mortgage and Finance News: (ATLANTA, Ga.) MEDIA ALERT: Reverse mortgage expert John Button, president and CEO of San Diego, California-based software provider ReverseVision, is available for interviews in Atlanta on Tuesday, April 12, and Wednesday, April 13, 2016.

SharkSwipe Mobile Transaction App for iOS and Android Launched by RedFin POS

Mortgage and Finance News: (DEERFIELD BEACH, Fla.) RedFin POS, a leading provider of secure payment applications and payment gateway solutions, has launched SharkSwipe: a mobile app that allows for mobile transactions utilizing the super-compact, Bluetooth MSR/Chip & PIN SharkSwipe device. The free app is available today by visiting the Apple iTunes App Store, or Google Play Store.

CMG Financial Automates its Entire Appraisal Process Using Global DMS’ eTrac Platform

Mortgage and Finance News: (LANSDALE, Pa.) Global DMS, a leading provider of web-based compliant valuation management software, announced that CMG Financial (CMG), one of the nation's leading lenders, has streamlined the management of its appraisal process from start to finish using Global DMS' eTrac platform.

International Document Services, Inc. (IDS) Named to HousingWire 2016 HW TECH100

Mortgage and Finance News: (SALT LAKE CITY, Utah) Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it was included in HousingWire magazine's 2016 HW TECH100(TM) list. The company was recognized for its forthcoming eClosing integration with collaborative real estate technology provider and fellow TECH100 winner Pavaso, as well as its recent acquisition by automotive dealership software provider Reynolds and Reynolds.

Platinum Data’s Craig Zielazny Named to Board of Advisors for Wittenberg University Master of Science in Analytics Program

Mortgage and Finance News: (ALISO VIEJO, Calif.) Platinum Data Solutions, a provider of valuation data and analytics solutions, has announced that Craig Zielazny, the company's senior vice president of valuation analytics, has been named to the Board of Advisors for Springfield, Ohio-based Wittenberg University's new Master of Science in Analytics program. The Board of Advisors is charged with collaborating to create the department's curricula and courses, and could include guest lecturing. The inaugural semester for Wittenberg University's Master of Science in Analytics program begins in August 2016.

Titan Lenders Corp. Announces Acquisition by MetaSource LLC

Mortgage and Finance News: (DENVER, Colo.) Mortgage services expert Titan Lenders Corp. (Titan) announced it has been acquired by Utah-based MetaSource, LLC. Terms of the deal were not disclosed. The acquisition of Titan broadens the company's footprint in data-centric mortgage services.

Mid America Mortgage Remains Largely Unchallenged in Bid for Defective TRID Mortgage Loans

Mortgage and Finance News: (ADDISON, Texas) Mid America Mortgage, Inc. remains one of few bidders on so-called TRID 'defect' loans, said Owner and Chief Executive Officer Jeff Bode. According to Bode, Mid America wins roughly 80 percent of its bids on the loans, which have been rejected for purchase by other investors due to TILA-RESPA Integrated Disclosure (TRID) infractions ranging from minor errors to more significant defects.

Alternative-Risk Financing Roundtable: ‘Creative Uses for Captives’ Moderated by EPIC’s Daniel Houston

Mortgage and Finance News: (SAN FRANCISCO, Calif. and ATLANTA, Ga.) In the world of risk management, captive insurers are taking on a major role for companies of all sizes. As the number and types of captive insurers are expanding, so too have the types of risks that captive owners are funding through these alternative-risk financing structures, says EPIC Insurance Brokers and Consultants.

Pavaso, SigniaDocs Complete Integration for Electronic Mortgage Closings

Mortgage and Finance News: (PLANO, Texas) Pavaso, Inc., a provider of digital process and collaboration solutions for the real estate lifecycle and SigniaDocs, Inc., a provider of eMortgage platform technologies, announced the integration between their two platforms to facilitate an all-inclusive eClosing process.

ReverseVision Exchange Loan Origination Software selected by Alpha Mortgage of N.C.

Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision has announced that Wilmington, N.C.-based Alpha Mortgage, a full-service mortgage lender serving the Carolinas and Virginia, has selected RV Exchange (RVX) as its reverse mortgage loan origination software (LOS) solution. Alpha Mortgage opened its reverse mortgage lending channel in early 2016 under the guidance of division manager and Certified Reverse Mortgage Professional Greg Gianoplus.

Jeff Birdsell, CMB and VP at ReverseVision Named 2016 MBA Tech All-Star

Mortgage and Finance News: (SAN DIEGO, Calif.) Mortgage Banking magazine announced today in its March issue that Jeff Birdsell, CMB and Vice President of professional services for ReverseVision, Inc., is a 2016 Mortgage Bankers Association (MBA) Tech All-Star. Birdsell is among just nine industry innovators who received the prestigious award, which celebrates leaders who have made outstanding long-term contributions to the field of mortgage technology.

ACES 5.0 Targets TRID ‘Pain Points’ in Mortgage Industry

Mortgage and Finance News: (POMPANO BEACH, Fla.) Leading web-based financial services quality control software provider ACES Risk Management (ARMCO) announced the release of a major upgrade to its flagship QC software system ACES Web Audit Technology (ACES) to improve overall functionality, while supporting lenders and originators still struggling with TRID compliance.

Titan Offers Servicing Transfer Management Services to Mortgage Servicers

Mortgage and Finance News: (DENVER, Colo.) Mortgage services expert Titan Lenders Corp. announces it is now offering Servicing Transfer Management services to mortgage servicers and sub-servicers engaging in the transfer of mortgage assets and mortgage servicing rights (MSRs).

Pavaso Named to HousingWire 2016 HW TECH100

Mortgage and Finance News: (PLANO, Texas) Pavaso, Inc., a provider of collaborative real estate technology, announced it has been named to HousingWire magazine's 2016 HW TECH100 list. The magazine selected Pavaso for this honor for its ability to connect 'all parties in the real estate lifecycle - consumers, realtors, lenders and investors - to participate in a unified process that transforms the consumer's experience and meets the CFPB's customer service expectations.'

Simplifile Included in HousingWire 2016 HW TECH100

Mortgage and Finance News: (PROVO, Utah) Simplifile, a provider of collaborative technology for lenders, settlement agents and counties, announced it has been named to HousingWire magazine's 2016 HW TECH100 list. In its March issue, HousingWire noted Simplifile's dominance of the e-recording space and the release of its Collaboration and Post Closing solutions for lenders and settlement agents as reasons for the company's inclusion on this year's list.

Mortgage Machine Services Makes HousingWire’s 2016 HW TECH100 List

Mortgage and Finance News: (ADDISON, Texas) Mortgage Machine Services (MMS), a leading provider of enterprise lending solutions, announced it has been named to the HousingWire magazine 2016 HW TECH100 list. The firm was recognized for its recent integrations with fellow TECH100 winners NetDirector and DocMagic, as well as with DocMagic subsidiary eSign Systems.

ARMCO Announced as a 2016 HW TECH100 Category Winner in Mortgage Trade

Mortgage and Finance News: (POMPANO BEACH, Fla.) ARMCO (ACES Risk Management), a leading provider of web-based quality control software for the financial services industry, announced it has been included in the 2016 HousingWire HW TECH100(TM) list for the second year in a row. In addition, ARMCO received special recognition as the winner of the 'Elegant Implementation' category for its development of the ACES Analytics quality control (QC) benchmarking tool.

Platinum Data Solutions Named to the HousingWire HW TECH100 for Third Consecutive Year

Mortgage and Finance News: (ALISO VIEJO, Calif.) Platinum Data Solutions, a provider of valuation data and analytics solutions, has been included on HousingWire's 2016 HW TECH100 list for the third year of the three year old awards program. Since hiring eLynx co-founder Phil Huff as CEO in 2012, Platinum Data been focused on consistent innovation.