Finance

Finance

Finance news from Mortgage & Finance News magazine

Finance

Finance
Finance news from Mortgage & Finance News magazine

News: IDS, Inc. Advises Mortgage Lenders to Address UCD Warnings Prior to June 25 Deadline

Mortgage and Finance News: (SALT LAKE CITY, Utah) Mortgage document preparation vendor, International Document Services, Inc. (IDS), has announced it is advising all lenders to begin troubleshooting warnings from Fannie Mae and Freddie Mac's Uniform Closing Dataset (UCD) portal regarding missing information in their UCD files. Effective June 25, 2018, the GSEs will fire a fatal edit in their Loan Delivery systems if the UCD status is "Not Successful" or a UCD was not submitted. (UPDATED)

News: FinKube Launches New Website for Innovative Chatbot

Mortgage and Finance News: (DALLAS, Texas) FinKube, a company that provides AI-powered Platform-as-a-Service solutions for a range of industries, announced today that it has launched a new website for its intelligent, conversational chatbot, ELSA. The arrival of the new site coincides with FinKube's expanding role as an AI provider for industries beyond US financial services.

News: Alterra Home Loans Selects LBA Ware’s CompenSafe to Increase Mortgage Origination Productivity, Contain Operating Costs

Mortgage and Finance News: (MACON, Ga.) LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lenders, today announced that top ranking Nevada-based retail mortgage lender, Alterra Home Loans has chosen CompenSafe(TM) to automate commissions for its 65 branch offices licensed to operate in 30 states and deliver operational insights to executive management on its branches and sales staff.

News: Bank of Southern California NA Expands Commercial Banking Team to Serve Orange County and Los Angeles Region

Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink:BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce the hiring of two seasoned banking and lending professionals to further support the Bank's expansion in Southern California.

News: EPIC Adds Steve Denton as President of Parent EPIC Holdings Inc.

Mortgage and Finance News: (SAN FRANCISCO, Calif.) EPIC (Edgewood Partners Insurance Center dba EPIC Insurance Brokers & Consultants) today announced the addition of insurance industry veteran Steve Denton as President of its parent company EPIC Holdings, Inc. reporting to EPIC Holdings CEO John Hahn. Denton will join EPIC as of May 1, 2018.

News: Community Bank Helps Foster Future Leaders with Support of ‘Leader In Me Program’

Mortgage and Finance News: (OSCEOLA, Iowa) Clarke County State Bank (CCSB), through the John T. Vucurevich Foundation, continues to support Clarke Elementary School as an official school in "The Leader in Me" program. Since 2012, CCSB has been a strong contributor to the program providing the base funding for its launch with foundation grants and bank donations.

News: Patrick Macdonald-King Joins Hyperion Media Group as Strategic Advisor

Mortgage and Finance News: (HOLLYWOOD, Calif.) Exiting his role as Prime Focus Technologies President after completing his earn out and the roll-out of the company's award-winning DAX Platform, Patrick Macdonald-King has agreed to join the Advisory Board of film and technology finance firm Hyperion Media Group to help create a fund focused on content, and the intersection of content and technology.

News: Worldwide Broker Network, Member Host EPIC Announce 58th Global Conference in San Antonio Texas

Mortgage and Finance News: (SAN ANTONIO, Texas) The Worldwide Broker Network (WBN), the world's largest fully integrated international network of independent Property & Casualty and Employee Benefits brokers, has announced its 58th Global Conference on April 11-14, 2018 in San Antonio. Partnering with Member Host EPIC Insurance Brokers and Consultants, the 2018 Global Conference will include more than 300 brokers, carrier sponsors, and speakers from more than 100 countries.

News: FormFree Selected to Showcase at MBA Technology Solutions Conference and Expo 2018 in Detroit

Mortgage and Finance News: (ATHENS, Ga.) Automated verification provider FormFree(R) announced that it has been selected to present at the Mortgage Bankers Association's Technology Solutions Conference & Expo 2018, taking place April 15-18 at the Detroit Marriott at the Renaissance Center.

News: National Mortgage Professional Magazine Designates Quandis a 2018 Top Mortgage Employer

Mortgage and Finance News: (RANCHO SANTA MARGARITA, Calif.) Quandis, Inc., a leading default management mortgage technology provider, announced that it was named to National Mortgage Professional magazine's (NMP) Top Mortgage Employers list for 2018. Quandis was one of only ten companies to be included in the publication's 'Services Providers' award category.

News: IDS Advises Mortgage Lenders to Address UCD Warnings Prior to June 25 Deadline

Mortgage and Finance News: (SALT LAKE CITY, Utah) Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it is advising all lenders to begin troubleshooting warnings from Fannie Mae and Freddie Mac's Uniform Closing Dataset (UCD) portal regarding missing information in their UCD files. Beginning June 25, UCD files that trigger a warning will not be accepted by the GSEs.

News: HousingWire Honors Matic as Top Innovator in Housing Tech

Mortgage and Finance News: (SHERMAN OAKS, Calif.) Matic, a fintech company whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced it has been named to HousingWire's 2018 Tech100 list of the most innovative tech providers in the housing industry.

News: HousingWire Names ReverseVision to Its TECH100 List of Housing’s Most Innovative Tech Companies for a Third Year

Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced it has been named to HousingWire's HW Tech100(TM) list of innovative housing technology companies for a third time. Previously recognized in 2015 and 2017, ReverseVision is the only provider of Home Equity Conversion Mortgage (HECM) technology to receive this distinction.

News: Cloudvirga Named to HousingWire’s TECH100 List of Most Innovative Tech Companies in Real Estate and Housing

Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(R), today announced it has been named to HousingWire's 2018 TECH100 list of the most innovative technology companies in U.S. real estate, mortgage lending, mortgage servicing and investments.

News: Simplifile Recognized as an Innovative Mortgage Technology Company on 2018 HW Tech100

Mortgage and Finance News: (PROVO, Utah) Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that it has been included on the fifth annual HW Tech100 list published by housing and mortgage industry trade magazine HousingWire. This year marks the third consecutive year Simplifile has made the Tech100 list, which recognizes, "the most innovative technology companies in the U.S. housing economy, spanning real estate, mortgage lending, mortgage servicing, and investments."

News: Maxwell Recognized by HousingWire as one of the Most Innovative Technology Companies in Real Estate

Mortgage and Finance News: (DENVER, Colo.) Maxwell, the emerging leader of digital mortgage automation software, announced today that it has been recognized for the second year in a row as one of HousingWire's TECH100(TM) for 2018.

News: LBA Ware Named to 2018 HW Tech100 List of Innovative Housing, Mortgage Technology Companies

Mortgage and Finance News: (MACON, Ga.) LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lenders, today announced that it has been named to the 2018 HW Tech100(TM) list published by housing and mortgage industry trade magazine HousingWire. The HW Tech100, which is in its fifth year of existence, recognizes, "the most innovative technology companies in the U.S. housing economy, spanning real estate, mortgage lending, mortgage servicing and investments."

News: BeSmartee and FormFree Integration Gets Loans to Initial Underwriting Faster

Mortgage and Finance News: (ATHENS, Ga.) Automated verification provider FormFree(R) today announced that its flagship AccountChek(R) automated asset verification service is now part of BeSmartee's next-generation mortgage point-of-sale (POS) platform. The integration will make BeSmartee's already-streamlined digital loan process even speedier thanks to faster and more accurate assessment of borrowers' ability to pay from FormFree.

News: MortgageHippo Picks Matic for Integrated Homeowner’s Insurance That Helps Lenders and Consumers Save Money

Mortgage and Finance News: (SHERMAN OAKS, Calif.) Matic Insurance, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced the availability of its one-click "get quote" button within MortgageHippo, a cloud-based digital mortgage platform that guides consumers through a modern, lender-branded borrowing experience.

News: Minor Metals Rebound, with Growing Opportunities

Mortgage and Finance News: (NEW YORK, N.Y.) A new market study by Thintri, Inc., shows how minor metals, having endured a period of slack demand for many commodities, are now facing a brighter future with improving markets. In some cases the metals face rapid growth in demand in some of today's hottest markets while others will track the overall economy, and a few will see declining demand.

News: The Mortgage Collaborative Welcomes Partners Credit and Verification Solutions to Preferred Partner Network

Mortgage and Finance News: (SAN DIEGO, Calif.) The Mortgage Collaborative (;TMC'), the nation's only independent mortgage cooperative, today announced the addition of credit and verification solutions firm Partners Credit & Verification Solutions to its Preferred Partner network. Partners Credit offers TMC members a suite of comprehensive and customized credit related products and services.

News: Bank of Southern California NA Successfully Completes $26 Million Capital Offering

Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. ( OTC Pink: BCAL / OTCMKTS:BCAL ) announced today the completion of a capital raise of approximately $26 million through the issuance of common stock in a private placement to institutional and accredited individual investors at a price of $14.75 per share.

News: Simplifile Reaches $100K in Donations through Simplifile Cares

Mortgage and Finance News: (PROVO, Utah) Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that it has reached the $100,000 mark in charitable donations made through its philanthropic initiative Simplifile Cares.

News: Deutsche Bank Implements DocMagic’s eVault Technology

Mortgage and Finance News: (TORRANCE, Calif.) DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Deutsche Bank has successfully implemented and is actively utilizing its proprietary eVault technology.

News: Major Update to Cloudvirga’s Enterprise Point-of-Sale Platform Raises the Digital Mortgage Bar

Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(R), today announced a major update to the Cloudvirga Enterprise POS. New features designed to improve lender speed, compliance and productivity will make the platform's 4.0 release the most robust POS solution on the market.

News: PitBullTax Software Launches PitBullTax University and Announces Its First User Conference

Mortgage and Finance News: (CORAL SPRINGS, Fla.) PitBullTax, The Leading IRS Tax Resolution Software provider for CPAs, Enrolled Agents and Tax Attorneys received accreditation to be a Continuing Education Provider for tax professionals who are involved in IRS tax resolution and for those who plan to practice in this lucrative specialty. This is yet another milestone in a long history of accomplishments for PitBullTax, and another example of how this company maintains its dominant position in the tax resolution arena.

News: Attorneys from Shapiro Goldman Babboni Fernandez & Walsh Attended The FJA’s Workhorse Seminar

Mortgage and Finance News: (ORLANDO, Fla.) Several Managing Partners from the personal injury law firm Shapiro Goldman Babboni Fernandez & Walsh participated in the Florida Justice Association's Workhorse CLE Seminar and Networking Event. Held at the Marriott World Center in Orlando, the four day event hosted dozens of seminars on a wide variety of topics including damages from personal injury and wrongful death cases.

News: Mortgage Technology Industry Veteran Tom Rice Joins OpenClose as Vice President Enterprise Account Executive

Mortgage and Finance News: (WEST PALM BEACH, Fla.) OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that long-time industry veteran Tom Rice has joined its growing sales team. Mr. Rice has experience with multiple LOS platforms as well as other enterprise-class mortgage technology solutions. He will be responsible for covering the West Coast territory.

News: New Mobile App from Cloudvirga Connects Real Estate Agents with Loan Officers on Its Digital Mortgage Platform

Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(r), today announced the launch of a new mobile app that will enable real estate agents to collaborate with mortgage loan officers in real time. This native mobile app allows instantaneous and secure exchange of loan documents and communication between real estate agents and loan teams for a faster, more efficient mortgage experience.

News: Two MQMR Employees Selected as MBA, California MBA Future Leaders

Mortgage and Finance News: (LOS ANGELES, Calif.) Mortgage Quality Management and Research, LLC (MQMR), a leader in mortgage risk management and compliance services, today announced that two employees from the MQMR family of companies have been selected to participate in executive leadership development programs sponsored by the national Mortgage Bankers Association (MBA) and the California Mortgage Bankers Association.