News Topic: California Business
News: Successful Repayment of $27 Million to EB-5 Investors in New Commercial Enterprise Managed by A&J Capital, Inc.
Mortgage and Finance News: (LOS ANGELES, Calif.) A&J Capital, Inc. (A&J), a financial services & advisory firm specializing in EB-5, private equity, and investment management, today announced its latest milestone of repaying $27 million of capital to EB-5 investors for one of its managed new commercial enterprises (NCE). A&J serves as a manager of the NCE and oversees its day-to-day activities, including the administration of the EB-5 loan.
News: Legacy Global Development Engages Zurcher Arquitectos to Design New Beach Club at Orchid Bay, Belize
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development today announced it has retained Zurcher Arquitectos to design the Beach Club at its Orchid Bay, Belize property. Construction on the new Beach Club will commence in the near future and is being designed to meet luxury hotel standards.
News: Bank of Southern California N.A. Announces Second Quarter 2019 Results
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the second quarter ended June 30, 2019. Total assets were $767 million for the second quarter of 2019, a 47% increase compared to the second quarter of 2018. Quarterly net income increased 20% to $1.57 million compared to $1.31 million in Q2 of 2018.
News: ReverseVision Taps Sunny Mahdii as Vice President of Operations
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 appointed Sunny Mahdii to the position of vice president of operations. In this role, Mahdii will work with ReverseVision's professional services, training, implementation, document management and customer success teams to execute a holistic operations strategy.
News: Former IRS Executive, Mark Bodenstab, Joins KBKG as Director of Research and Development Tax Credits
Mortgage and Finance News: (PASADENA, Calif.) Nationwide tax specialty firm KBKG adds another former IRS manager to their team of experts. Mark Bodenstab joins as the firm's Director of Research & Development Tax Credits with over 30 years combined at the IRS and in the private sector.
News: Bank of Southern California NA Names Ian McKay Managing Director
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has expanded its business development team with the hiring of Ian McKay as Managing Director of Business Banking. He will focus on developing and managing a portfolio of small to medium sized businesses located throughout Orange County.
News: Lawsuit Filed Against Uber in San Francisco Superior Court
Mortgage and Finance News: (SAN FRANCISCO, Calif.) On July 8, 2019, Rahman Law PC filed a lawsuit on behalf of their client, a cyclist, against Uber after Uber failed to take responsibility for a May 23, 2018 accident in which an Uber driver veered across several lanes of traffic on Market Street in San Francisco, running a bicyclist off the road and into a light pole. The reckless behavior of the Uber driver was caught on video by witnesses.
News: Total Expert and ReverseVision Team Up to Transform the Reverse Mortgage Customer Journey
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, the leading provider of technology and training for the reverse mortgage industry, today announced a partnership with Total Expert, creator of the first marketing operation system (MOS) specifically for banks and mortgage lenders. The two companies have deployed an API integration that links the Total Expert MOS with ReverseVision's RV Exchange (RVX).
News: Legacy Global Development Announces Release of 4 New Bungalow Homes at ORCHID BAY, BELIZE
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development today announced the release of four new Bungalows at its luxurious Orchid Bay, Belize property. Beachfront Bungalows make owning a home in Belize attainable to a wider pool of potential buyers, as they have a more affordable price point than Orchid Bay's other homes.
News: Lynne B. Wilson Lists a Lake Arrowhead Masterpiece Built by Ron Dolman
Mortgage and Finance News: (LAKE ARROWHEAD, Calif.) Lynne B. Wilson and Associates, Inc. has announced a one-of-a-kind showplace nestled on a secluded 1.03 acres in the exclusive, gated Cedar Ridge Estates offered for $2.5 Million. The perfect abode is one where a sense of comfort is paramount; a property which not only fuses seamlessly with its stunning landscaped and manicured surrounds, but embraces you with its soulful, timeless design.
News: San Francisco Personal Injury Attorney Shaana Rahman Named a 2019 Northern California Super Lawyer
Mortgage and Finance News: (SAN FRANCISCO, Calif.) Rahman Law PC announces the eleventh year of the law firm's principal and founder, Shaana A. Rahman, a personal injury attorney in San Francisco and Paso Robles, has been selected by Super Lawyers(r) for a spot on their coveted lists.
News: EPIC adds Benefits Consultant Dennis Park in Irvine CA
Mortgage and Finance News: (IRVINE, Calif.) EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that Dennis Park has joined the firm as Vice President, Employee Benefits.
News: VLP Law Group Announces the Addition of Rob Buccieri and the Launch of a Litigation and Dispute Resolution Practice Group
Mortgage and Finance News: (PALO ALTO, Calif.) VLP Law Group LLP is pleased to announce that Rob Buccieri has joined as a partner in the firm's newly formed Litigation and Dispute Resolution Practice Group. Mr. Buccieri brings over twenty years of experience and is based in the San Francisco Bay Area.
News: Bank of Southern California, N.A. Names Robby Piper Senior Managing Director
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Robby Piper has joined the company as Senior Managing Director, Business Banking. He will be responsible for expanding Bank of Southern California's client base.
News: BlackFin Group Offers ’10x Business Review’ to Help Spike Lender Profitability
Mortgage and Finance News: (IRVINE, Calif.) BlackFin Group - a boutique-style consulting firm focused on mortgage banking and financial services, announced the offering of a standardized, end-to-end, lender business review. The lender 10X Business Review is an affordable, comprehensive, fixed rate, three-week engagement.
News: NotaryCam Anticipates 2019 Banner Year, Citing Growing Adoption of Remote Online Notary, Remote Online Closing
Mortgage and Finance News: (NEWPORT BEACH, Calif.) NotaryCam(R), creator of remote online notarization (RON), acknowledged leader in online notarization and original provider of patented mortgage eClosing solutions, today announced it is extending its 2018 record growth to another unprecedented performance in 2019. Following a nearly 140 percent 2018 increase in new users, NotaryCam surpassed 200,000 users in the first half of 2019, and is on pace to add 10,000 users monthly.
News: DocMagic and LendingPad Integrate for Easy, Compliant Document Preparation and eSigning
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 completed an integration with cloud-based loan origination system (LOS) provider LendingPad from WEI Technology LLC, offering its document preparation services directly from within the LendingPad environment.
News: Legacy Global Development Shares Insider Knowledge on What to Expect If Moving to Belize
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development, the developer of the beautiful Orchid Bay, Belize community and recognized as an expert source for living in Belize, shares its wisdom in a blog post titled, "Before Moving to Belize, You Need to Read This."
News: Intelligent Office to Open a New Facility in Burlingame, California
Mortgage and Finance News: (BURLINGAME, Calif.) Intelligent Office, a virtual, professionally staffed office space for mobile executives, small businesses, professional services firms, and independent contractors, is announcing the opening of a San Francisco Bay Area Peninsula site.
News: Hometown Lenders Adopts ReverseVision Loan Origination Technology to Launch HECM and Reverse Lending Channel
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 Hometown Lenders has implemented ReverseVision's HECM and proprietary reverse loan origination technology to support the launch of the independent mortgage bank's HECM lending channel.
News: Bank of Southern California NA Names Kamran Khosrovani Branch Managing Director
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, announced today that it has hired Kamran Khosrovani as Branch Managing Director of Business Banking in Los Angeles. He will focus on client acquisition and retention as Bank of Southern California looks to further expand its presence throughout the greater Los Angeles region.
News: Fidelity National Financial Adds NotaryCam Remote Notarization Service to Online Closing Options
Mortgage and Finance News: (NEWPORT BEACH, Calif.) NotaryCam(R), the pioneering leader in online notarization and the original provider of mortgage eClosing solutions, today announced that Fidelity National Financial (FNF), will allow the use of NotaryCam to deliver remote online notarization (RON) and remote online closing (ROC) capabilities to FNF's network of direct title and settlement operations, as well as its network of independent title agents.
News: Mary Grandy of EPIC Receives 2019 Joe Quigley Memorial Award
Mortgage and Finance News: (SACRAMENTO, Calif.) EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that EPIC Sacramento-based Vice President of Property & Casualty, Mary Grandy, was the 2019 recipient of the Joe Quigley Memorial Award, conferred annually by the Construction Financial Management Association (CFMA).
News: Belle Maison – A Masterpiece Designed to Perfection on a Nearly 5 Acre Self Contained Estate
Mortgage and Finance News: (LAKE ARROWHEAD, Calif.) Lynne B. Wilson and Associates has announced a one-of-a-kind residence on stunning acreage offered for $4.9 Million. Surrender to the spell of this magnificent architectural masterpiece, nestled within the prestigious Canterbury Estates gated community in the stunning San Bernardino Mountains.
News: MQMR’s Marie O’Brien Named 2019 HousingWire Rising Star
Mortgage and Finance News: (LOS ANGELES, Calif.) Mortgage Quality Management and Research, LLC (MQMR) announced today that its Director of Compliance Marie O'Brien has been recognized by HousingWire magazine in its sixth annual HW Rising Star Awards program. O'Brien also serves as a Senior Associate in the Compliance Department of Abrams Garfinkel Margolis Bergson, LLP and as MQMR's Associate General Counsel.
News: Kevin Ach of EPIC to Moderate Executive Afternoon Session on Loss Prevention and Asset Protection at NRF Protect
Mortgage and Finance News: (ANAHEIM, Calif.) EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Kevin Ach, Vice President of Risk Assurance for EPIC's Integrated Risk Solutions Practice will moderate the Executive Afternoon session on loss prevention at the National Retail Foundation's "NRF Protect" Conference, June 11 in Anaheim, Calif.
News: Legacy Global Development Shares Top 5 Misconceptions on Belize Real Estate
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development, the developer of the luxurious Orchid Bay, Belize community, shares its Top 5 Misconceptions about Belize real estate. As the number of real estate investors taking an interest in Belize continues to grow, there are misunderstandings about the home buying process and how it differs from buying property in the United States.
News: Showbiz Shows a Better Way to Pay: Insurance Industry Alert issued by EraNova Institute
Mortgage and Finance News: (LOS ANGELES, Calif.) Today the EraNova Institute issued a business alert: "Showbiz shows a better way to pay." EraNova's Director and author of the report, Dick Samson, says, "For non-employees in entertainment and insurance, getting the money due you has often been a chore. Now, for the likes of Tom Hanks and Lady Gaga, it's more of a breeze; and soon may be for everyone involved in insurance."
News: Paragon Strengthens Winery and Brewery Programs with the Promotion of Brendan Wright and addition of Nick Faragasso
Mortgage and Finance News: (SAN FRANCISCO, Calif.) Paragon Insurance Holdings LLC ("Paragon"), a national multi-line specialty MGA (Managing General Agency) based in Avon, Conn., today announced the addition of insurance professional Nick Faragasso and the promotion of Brendan Wright.
News: Blue Ridge Bank, N.A. Partners with ReverseVision to Launch HECM and Reverse Lending Division
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 it has partnered with North Carolina-based Blue Ridge Bank, N.A. Mortgage Division (Blue Ridge Bank).