News Topic: Business
News: Prevail Consulting, Inc. announces contract with Medical Assurance Society New Zealand Limited to license Prevail Reinsurance System
Mortgage and Finance News: (STAMFORD, Conn.) Prevail Consulting, Inc., a leading insurance industry technology and professional services provider, today announced a contract with Medical Assurance Society New Zealand Limited (MAS) to license the Prevail Reinsurance System (PRS) to support MAS's reinsurance operations. Under this new contract, Prevail will install PRS and deliver implementation, application and data migration services.
News: EPIC’s Suzanne McGarey and Kenneth Powell to Present on The Affordable Care Act at Gulf Coast Symposium in Houston
Mortgage and Finance News: (HOUSTON, Texas) EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today Managing Principal Suzanne McGarey and Compliance Consultant Kenneth Powell will present at the Gulf Coast Symposium on Thurs., May 10, 2018 at 4 p.m. at the NRG Center in Houston, Texas.
News: LBA Ware Appoints Mortgage Technology Specialist Diana Sheffer as Solutions Consultant
Mortgage and Finance News: (MACON, Ga.) LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lenders, announced it has hired Diana Sheffer as a solutions consultant to support the company's sales and product implementation efforts. In this role, Sheffer will apply her 18 years' experience in mortgage lending and technology consulting to connect LBA Ware's clients with best-fit systems integration and process automation solutions to enhance performance-driven organizational growth.
News: Bank of Southern California N.A. Announces First Quarter 2018 Results
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,072,303 for the first quarter of 2018, a 51% increase compared to $710,022 for the first quarter of 2017. Results for the quarter ended March 31, 2018, include approximately $320 thousand in expenses related to the pending acquisition of Americas United Bank (OTC Pink: AUNB). As previously announced, the Bank also completed a private placement offering of common stock of approximately $26 million during March 2018.
News: Mid America Mortgage CEO Jeff Bode to Share eMortgage Insights at Texas MBA and MBA Secondary Conferences
Mortgage and Finance News: (ADDISON, Texas) Mid America Mortgage, Inc. (Mid America) announced today that its Owner and CEO Jeff Bode will be sharing his expertise on digital mortgage origination and securitization at two upcoming industry conferences. First, Bode will take the stage as a panelist at the Texas Mortgage Bankers Association's 102nd Annual Convention in San Antonio.
News: Best Mortgage Lenders 2018 Ranks Wesley Ryan Grubbs of The Cooksey Team as the No. 1 Loan Officer in Flower...
Mortgage and Finance News: (ADDISON, Texas) The Cooksey Team, a top producing retail branch of Mid America Mortgage, Inc., announced today that its loan officer (LO) Wesley Ryan Grubbs has been ranked No. 1 in Flower Mound, Texas, based on total number of loans closed in 2017, according to Best Mortgage Lenders 2018. The rankings, which are published in conjunction with Ask a Lender and Scotsman Guide Media, also placed Grubbs at No. 157 statewide.
News: ARMCO’s Q3 2017 Trends Report: Critical Loan Defect Rate Drops for First Time in 2017
Mortgage and Finance News: (POMPANO BEACH, Fla.) ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation software solutions, announced the release of the ARMCO Mortgage QC Trends Report. The latest report is for the third quarter of 2017, which relays loan quality findings for mortgages reviewed by ACES Audit Technology between July 1, 2017 and September 30, 2017.
News: EPIC Adds KJ Wagner as Principal and Director of Southwest Region Property and Casualty Operations
Mortgage and Finance News: (DALLAS, Texas) EPIC Insurance Brokers and Consultants, a leading national retail property, casualty insurance brokerage and employee benefits consultant, today announced the addition of insurance industry veteran KJ Wagner as Principal and Director of Property & Casualty Insurance Operations for the firm's Southwest Region.
News: ARMCO Wins HousingWire’s HW Tech100 Award for Fourth Consecutive Year
Mortgage and Finance News: (POMPANO BEACH, Fla.) ACES Risk Management (ARMCO), the leading provider of financial risk mitigation and compliance solutions, announced that it has won HousingWire's fifth annual HW Tech100 award, which recognizes the 100 most innovative technology companies in the U.S. housing economy. This is the fourth consecutive year that ARMCO has won the prestigious award.
News: ReverseVision and Allegiant Reverse Services Partner to Simplify Title Ordering for HECM Loans
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 a partnership with Allegiant Reverse Services (ARS), a full-service title and settlement company with an exclusive focus on reverse mortgage closings.
News: Ascend Federal Credit Union Automates its Residential Mortgage Lending Business with OpenClose’s LenderAssist LOS and DecisionAssist PPE
Mortgage and Finance News: (WEST PALM BEACH, Fla.) OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that Ascend Federal Credit Union (Ascend) is leveraging its LenderAssist(TM) LOS platform and DecisionAssist(TM) product and pricing engine (PPE). OpenClose's completely browser-based solution has delivered additional efficiencies and heightened service levels for the credit union's growing mortgage lending division.
News: Ready for Next Tax Season? New TaxBird App Designed for People with Homes in More than One State
Mortgage and Finance News: (NAPLES, Fla.) With this year's tax season in the rear-view mirror, there's no better time to start prepping for the next round. TaxBird - a new tax app developed by ware2now, LLC - helps people with homes in more than one state ensure they don't exceed their residency threshold. It's useful to tax professionals and estate planners too.
News: ACEC Business Insurance Trust looks to the future, appointing Greyling / EPIC as New Broker and Program Administrator
Mortgage and Finance News: (SAN FRANCISCO, Calif.) The Trustees of the American Council of Engineering Companies (ACEC) Business Insurance Trust (BIT) and EPIC Insurance Brokers & Consultants announced today that Greyling Insurance Brokerage & Risk Consulting - a division of EPIC was selected as the broker and program administrator for the ACEC BIT Program effective January 1, 2018.
News: East Bay Law Office, Absolute Trust Counsel, Launches Podcast, Absolute Trust Talk
Mortgage and Finance News: (WALNUT CREEK, Calif.) Greater Bay Area estate planning firm Absolute Trust Counsel announces the launch of the Absolute Trust Talk podcast. 'Absolute Trust Talk' is a new avenue to educate clients and prospects on a wide variety of trending business and financial wellness topics and how they can make better-informed decisions when planning for the future.
News: Cloudvirga Adds Award-Winning Appraisal Order Management from Mercury Network to Its Digital Mortgage Point-of-Sale Platform
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, today announced its completion of a fully automated, lights-out integration with Mercury Network, part of CoreLogic (NYSE:CLGX) and one of the industry's largest appraisal order management platforms.
News: MCT Wins PROGRESS in Lending Association’s 2018 Innovation Award for its New Bid Auction Manager (BAM) Whole Loan Trading Technology
Mortgage and Finance News: (SAN DIEGO, Calif.) Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that PROGRESS in Lending Association, the industry's premier mortgage technology focused organization, presented the company with its annual Innovation Award for the rapid adoption and impact of its Bid Auction Manager(TM) (BAM) within the whole loan trading market.
News: Matic Marks Commitment to Compliance with Appointment of Shaz Kojouri to Senior Management Team
Mortgage and Finance News: (SHERMAN OAKS, Calif.) Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced it has tapped Shahrzad "Shaz" Kojouri as VP of legal and compliance. Prior to joining Matic, Kojouri was assistant general counsel for nonprofit student loan provider AccessLex Institute.
News: ReverseVision Vice President of Sales and Marketing Wendy Peel Honored with MBA Insights 2018 Tech All-Star
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, announced today that Vice President of Sales and Marketing Wendy Peel has been honored with the MBA Insights 2018 Tech All-Star Award.
News: Veros and IDS Partner on Integrated Solution for Fannie Mae and Freddie Mac UCD Data Submissions
Mortgage and Finance News: (SANTA ANA, Calif.) Veros Real Estate Solutions (Veros), a leading developer of enterprise risk management, collateral valuation, and predictive analytics services, and mortgage document preparation vendor International Document Services, Inc. (IDS) announced today that they have partnered to provide lenders with a fully integrated automated delivery solution for submitting the Uniform Closing Dataset (UCD) to the Government Sponsored Enterprises (GSEs).
News: IDS Adds Hybrid eClosing Capabilities to Its Mortgage Doc Prep Platform
Mortgage and Finance News: (SALT LAKE CITY, Utah) Mortgage document preparation vendor International Document Services, Inc. (IDS), announced that its clients now have the capabilities to conduct hybrid electronic mortgage closings through its flagship mortgage document preparation platform, idsDoc. Hybrid eClosings allow for faster, more seamless mortgage real estate closing transactions, which can help lenders meet the Consumer Financial Protection Bureau's (CFPB) "Know Before You Owe" mandate to improve the borrower experience for consumers.
News: EPIC’s Chuck Simpson to Present at AESC Safety, Wireline, Trucking Conference and Tradeshow
Mortgage and Finance News: (BIRMINGHAM, Ala.) EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Senior Risk Control Consultant Chuck Simpson will present at the Association of Energy Service Companies (AESC) Safety, Wireline, Trucking Conference & Tradeshow on Wed., April 18 at 10 a.m. at the Dallas/Fort Worth Marriot Hotel in Fort Worth, Texas.
News: Cloudvirga and Freddie Mac Team Up to Deliver a Better Borrower Experience, Maximize Fungibility
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, today launched single-click submission of loan data to both GSEs' automated underwriting systems (AUS) in a collaborative effort with Freddie Mac (OTCMKTS: FMCC), delivering on the industry need for greater transactional ease.
News: MQMR Advises Mortgage Lenders to Supplement Resources for Compliance Guidance
Mortgage and Finance News: (LOS ANGELES, Calif.) MQMR (Mortgage Quality Management and Research) President Michael Steer today urged lenders to seek additional resources for compliance advice to ensure total compliance with regulatory requirements.
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.