News Topic: Business
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.
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.
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.
W. Val Oveson Joins Taxometry as Senior Vice President
Mortgage and Finance News: (SOUTH JORDAN, Utah) W. Val Oveson has joined Taxometry as Senior Vice President of Tax Administration. His responsibilities include oversight and implementation of the company's product and delivery. Oveson has held executive positions in business and government, including National Taxpayer Advocate of the IRS and Chair of the Utah State Tax Commission.
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.
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.
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.
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.
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.
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.
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.
IDS Celebrates 30th Anniversary in 2016
Mortgage and Finance News: (SALT LAKE CITY, Utah) Mortgage document preparation vendor International Document Services, Inc. (IDS), announced the company will celebrate 30 years in business in 2016. The company plans to celebrate with various promotions and events throughout the year.
Pavaso’s Vice President of Partner Strategies and Government Affairs Elected to Co-Chair MISMO Workgroup
Mortgage and Finance News: (PLANO, Texas) Nancy G. Pratt, VP of Partner Strategies and Government Affairs at real estate technology company Pavaso, was elected to serve as co-chair of the Mortgage Industry Standards Maintenance Organization (MISMO) eMortgage Workgroup at the organization's Winter Summit in January.
New Energy Start-Up Wattcoin Technologies Launched in San Francisco
Mortgage and Finance News: (SAN FRANCISCO, Calif.) Wattcoin Technologies Inc., a platform-as-a-service (PAAS) solution for energy companies to manage their customer's billing processes, energy savings and renewable energy investments, opens office in San Francisco, Calif.
Mid America Mortgage Hires Four Account Executives to Serve California, New Hampshire, Tennessee, Midwest
Mortgage and Finance News: (ADDISON, Texas) Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode announced the firm has hired four new account executives in its wholesale and correspondent lending division.
Bank of Southern California N.A. Announces Senior VP Promotions in San Diego
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced the promotion of Marie Crivello and Debbie Marshall to Senior Vice President. Ms. Crivello joined Bank of Southern California in 2012 as Vice President, Client Relationship Manager. She has over 16 years of banking and client relationship management experience. Ms. Marshall joined the bank in 2011 as Vice President, Deposit Operations, bringing over 30 years of banking, compliance, and risk management experience to the bank.
DocMagic Announces New Premium Rep and Warrant Offering Guaranteed TRID Compliance up to $5M for Mortgage Trade
Mortgage and Finance News: (TORRANCE, Calif.) DocMagic, Inc., a premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, today announced the development of an extensive set of new reps and warrants for its calculations, documents and data, which provides peace of mind to lenders when it comes to compliance with the TRID rule.
RedFin POS EBPP Platform: Generate Secure Payment Link and Have Monies Direct Deposited
Mortgage and Finance News: (DEERFIELD BEACH, Fla.) RedFin POS today announced the launch of a web-based electronic bill payment and presentment (EBPP) platform to its payment gateway. The new platform allows merchants to generate and email secure payment links to customers who can then make payments through a secure payment form and/or make donations online. When done, vendors will receive direct deposit of funds into their bank.