News Topic: Business
News: Attorney Stephen M. Fernandez Becomes Member of The Multi-Million Dollar Advocates Forum
Mortgage and Finance News: (SARASOTA, Fla.) Civil trial and personal injury attorney Stephen Fernandez, of Shapiro Goldman Babboni Fernandez and Walsh, has been recognized as a member of the Multi-Million Dollar Advocates Forum by the National Trial Lawyers Top Trial Lawyers of America(R).
News: Maxwell Closes New $3M Funding Round to Accelerate Pace of Mortgage Innovation
Mortgage and Finance News: (DENVER, Colo.) Maxwell Financial Labs, Inc., a leading provider of B2B digital mortgage cloud software, announced today a new funding round of $3 million, led by the investment arm of Anthemis Group, a company committed to cultivating change in financial services, with participation from Route66 Ventures and Assurant Inc., along with its existing investors.
News: FormFree Provides Industry’s Most Complete Analysis of Borrower Ability to Pay with Data from Envestnet | Yodlee Risk Insight Solutions
Mortgage and Finance News: (ATHENS, Ga.) FormFree(R) today announced its expanded partnership with Envestnet | Yodlee (NYSE:ENV), a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. By leveraging Envestnet | Yodlee Risk Insight Solutions, FormFree will have access to new data points that help to reinforce its position as provider of the most complete and reliable asset, employment and income verification reports in the mortgage industry.
News: DocMagic Opens High-Tech Print Fulfillment Supercenter to Support Growth
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 it has opened a 12,000 square foot print fulfillment center minutes from its Torrance, California headquarters. DocMagic added the high tech "supercenter" to support lenders' growing need for secure, compliant paper documents as the mortgage industry transitions to a 100 percent digital mortgage process.
News: HousingWire Honors Matic Founder Benjamin Madick with Vanguard Award for Outstanding Industry Contributions
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, announced today that company co-founder and COO Ben Madick is a 2017 HousingWire Vanguard Award winner. Madick was recognized for guiding the company's phenomenal growth over the last 12 months as well as for his career-long contributions to the mortgage industry as co-founder of both Matic and risk management services provider Mortgage Quality Management and Research.
News: Bernard Walsh Named Member of Elite Trial Lawyers Group 5th Consecutive Year
Mortgage and Finance News: (BRADENTON, Fla.) Attorney Bernard Walsh of the Personal Injury Law Firm Shapiro Goldman Babboni Fernandez and Walsh has been recognized as a member of the The American Society of Legal Advocates for the 5th consecutive year.
News: Cloudvirga’s Kyle Kamrooz Honored with HousingWire Vanguard Award for Mortgage Industry Leadership
Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga, Inc., the developer of intelligent mortgage point-of-sale (POS) platforms, has announced that its founder and COO Kyle Kamrooz is a winner of HousingWire's third annual Vanguard Awards for 2017. Kamrooz was recognized for company leadership as well as his substantial contributions to the mortgage industry at large.
News: EPIC Insurance Brokers Adds Eric Hays in Pittsburgh, PA
Mortgage and Finance News: (PITTSBURGH, Pa.) EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today the addition of Eric Hays as Regional Director, Employee Benefits. Hays will be based in EPIC's newest location in Pittsburgh, Pa.
News: Sam Elliott Joins EPIC as Executive VP of Business Development and National Sales and Marketing Leader
Mortgage and Finance News: (AUSTIN, Texas) EPIC Insurance Brokers and Consultants ('EPIC'), the retail property and casualty insurance brokerage and employee benefits consulting subsidiary of EPIC Holdings, announced today that insurance brokerage industry veteran Sam Elliott has joined the firm to lead EPIC's new business development efforts nationally.
News: DocMagic’s Jonathan Kearns Appointed to MISMO Residential Standards Governance Committee
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 Jonathan Kearns has been appointed to the Mortgage Industry Standards Maintenance Organization (MISMO) Residential Standards Governance Committee.
News: FormFree Appoints Housing Finance Authority Faith Schwartz to Board of Directors
Mortgage and Finance News: (ATHENS, Ga.) FormFree today announced that housing finance expert Faith Schwartz has been elected to its board of directors. Among the most influential leaders in the mortgage industry, Schwartz has played a firsthand role in shaping current housing finance best practices and public policy.
News: The Mortgage Collaborative Adds Loan Vision to Preferred Partner Network
Mortgage and Finance News: (SAN DIEGO, Calif.) The Mortgage Collaborative, the nation's only independent mortgage cooperative, today announced the addition of Loan Vision, a mortgage industry-specific financial management and accounting software provider, to its preferred partner network, giving its Lender Members access to the industry's premier accounting software.
News: New York Christian Radio Station, The Bridge 95.1 FM, Takes On Illegal Radio Pirates, And Wins
Mortgage and Finance News: (OLD BRIDGE, N.J.) When The Bridge Christian Radio Network, based in Old Bridge, N.J., gained authorization to expand its Christian Bible teaching broadcasts into New York City in November 2013, no one could have anticipated the battle that would ensue before the station could actually begin broadcasting on its own frequency, 95.1 FM in the heart of Manhattan.
News: TRK Connection Hires David Pack as Product Manager
Mortgage and Finance News: (SALT LAKE CITY, Utah) TRK Connection, a leading provider of mortgage quality control and origination management solutions, announced today that it has hired David Pack as product manager. In this role, Pack will be responsible for the delivery and support of TRK's market-leading solutions, including the Insight Risk & Defect Management (RDM) mortgage quality control (QC) auditing platform.
News: EPIC Named to Best Places to Work in Insurance Nationally for Eighth Consecutive Year
Mortgage and Finance News: (SAN FRANCISCO, Calif.) EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that it has again been recognized by its team members nationally as one of the Best Places to Work in Insurance in a survey conducted annually by Business Insurance Magazine and Best Companies Group.
News: Cloudvirga Names Stephen DeSantis as Chief Financial Officer
Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga, developer of intelligent mortgage point-of-sale (POS) platforms, has appointed Steve DeSantis as its new chief financial officer. A seasoned technology finance executive, DeSantis will be responsible for driving Cloudvirga's financial strategies to accelerate its growth. He will report to Cloudvirga's recently appointed CEO Michael Schreck.
News: OpenClose Adds New Hires to its Software Development Team
Mortgage and Finance News: (WEST PALM BEACH, Fla.) OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it hired four senior developers to arm the company with additional resources to architect new products and enhance existing solutions.
News: Bank of Southern California NA Announces Third Quarter 2017 Results
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,088,043 for the third quarter of 2017, compared to $1,032,230 for the second quarter of 2017 and $642,186 for the third quarter of 2016. For the first nine months of 2017, net earnings were $2,830,295, compared to $2,106,775 for the first nine months of 2016.
News: Five Top-30 Lenders Choose Cloudvirga’s Digital Mortgage Platform in Last 100 Days
Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga, developer of intelligent mortgage point-of-sale (POS) platforms, has signed five of the nation's top 30 non-bank lenders in the last 100 days. The new customers collectively originate over $100 billion in loans annually. The announcement follows the firm's addition of Michael Schreck as CEO in June and the completion of a $15 million Series B funding round led by Blackstone Group portfolio company Incenter in March.
News: ‘The Property Man’ Bob Massi to Speak on HECM for Purchase Loan Program During Special Session at ReverseVision UserCon 2018
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, Inc., the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that legal analyst and cable news mainstay Bob "The Property Man" Massi will address attendees of RV UserCon 2018 in a session focused on the HECM for Purchase loan program.
News: NIF Group, Inc. Acquires Agency Intermediaries, Inc.
Mortgage and Finance News: (MANHASSET, N.Y.) NIF Group, Inc., a leading wholesale broker, program administrator and managing general agency and their parent company, JenCap Holdings LLC announces that they have agreed to acquire privately held Agency Intermediaries, Inc. and A.I.I. Insurance Brokerage of Mass., Inc. (A.I.I.). Both affiliated entities serve as MGA/contract binding authorities and wholesale insurance brokerages, respectively located in Guilford, Connecticut and East Douglas, Massachusetts.
News: ReverseVision Announces STRATMOR Group’s Jim Cameron as UserCon 2018 Day One Special Session Guest Speaker
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 that STRATMOR Group Senior Partner Jim Cameron will be the Day 1 Special Session guest speaker for its third annual user conference. The ReverseVision UserCon 2018 will be held February 6-8, 2018, at the Kona Kai Resort and Spa on San Diego's Shelter Island.
News: Mid America Mortgage to Purchase Assets from Two Oklahoma Lenders
Mortgage and Finance News: (ADDISON, Texas) Mid America Mortgage, Inc. announced it has signed a letter of intent to purchase the assets of Oklahoma City-based American Southwest Mortgage Corp. and an affiliated firm, American Southwest Mortgage Funding Corp. As part of the agreement, Mid America will incorporate American Southwest's operations into Mid America's mortgage platform and secure an interest in their respective pipelines and select assets. Further, Mid America will also offer employment to loan production staff members from each organization.
News: Attorney Brian O. Sutter Receives Client Champion Award from Martindale-Hubbell
Mortgage and Finance News: (PORT CHARLOTTE, Fla.) Attorney Brian O. Sutter of Southwest Florida-based All Injuries Law Firm, has been named a 2017 Silver "Client Champion." Attorneys who have been recognized as a Client Champion, are chosen for maintaining the highest degree of client satisfaction.
News: Mortgage Capital Trading Announces Complimentary Webinar Addressing Changes to FINRA’s ‘Mark to Market Rule’
Mortgage and Finance News: (SAN DIEGO, Calif.) Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it will be holding a complimentary educational webinar discussing many important changes to the Financial Industry Regulatory Authority (FINRA) Mark to Market Rule. The webinar, hosted by the Community Mortgage Lenders of America (CMLA), will guide lenders through all of the mandated rule changes in advance of the required implementation date of June 25, 2018.
News: The Mortgage Collaborative Announces Addition of FirstBank Mortgage as the First Reverse Lender to Their Preferred Partner Network
Mortgage and Finance News: (SAN DIEGO, Calif.) The Mortgage Collaborative, the nation's only independent mortgage cooperative, announced a new partnership with reverse mortgage lender FirstBank Mortgage. The new relationship with FirstBank Mortgage's Senior Lending Division, adds the first lender specializing in reverse mortgage lending to The Mortgage Collaborative's preferred partner network. FB Financial Corporation (NYSE:FBK) is the holding company for FirstBank.
News: Guaranteed Rate Selects ARMCO’s ACES Audit Technology™
Mortgage and Finance News: (POMPANO BEACH, Fla.) ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, has announced that Guaranteed Rate, one of the largest retail mortgage lenders in the nation, has selected the company's award-winning quality control and compliance software, ACES Audit Technology, for its quality control processes.
News: Matic Insurance Services Raises $7 Million in Series A Round Backed by Top Lender, Insurance Carriers and VC Firms
Mortgage and Finance News: (SHERMAN OAKS, Calif.) Matic Insurance Services (Matic), a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today it has raised $7 million in a Series A funding round. Investors participating in the round include Mr. Cooper, one of the nation's top 20 mortgage originators and the fourth-largest home loan servicer in the country
News: Mortgage Bankers Association (MBA) Honors Altavera Mortgage Services with Residential Leadership Award for Diversity and Inclusion
Mortgage and Finance News: (DENVER, Colo.) Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, today announced that the Mortgage Bankers Association (MBA) has honored Altavera with its Residential Leadership Award for Organizational Diversity and Inclusion.
News: SimpleNexus Adds AccountChek Asset, Employment and Income Verification from FormFree to Its Mobile Mortgage App
Mortgage and Finance News: (ATHENS, Ga.) FormFree today announced it has entered a partnership with SimpleNexus, a leader in bringing the home mortgage process to mobile devices. The integration of the two companies' technologies will make FormFree's AccountChek automated verification service for asset, employment and income a seamless part of the loan application experience for borrowers applying for a loan using SimpleNexus' mobile technology.