News Topic: California Business
Bank of Southern California N.A. Announces $7 Million Capital Offering
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today that it has signed a stock purchase agreement for a private placement of $7 million of the Bank's common stock with Castle Creek Capital, based in Rancho Santa Fe, California. The transaction is anticipated to close in the fourth quarter, subject to regulatory approvals and other standard closing conditions.
Bank of Southern California to Acquire Opus Bank Branch
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California (OTC Pink: BCAL / OTCMKTS:BCAL) announced that it has reached a definitive agreement to acquire the deposits of the La Quinta branch of Opus Bank located at 78080 Calle Estado #101, La Quinta, pending regulatory approval. The sale is anticipated to close on or about August 19, 2016.
ReverseVision’s Wendy Peel Named a 2016 ‘Elite Woman in Mortgage’ by Mortgage Professional America Magazine
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, Inc., a leading provider of software and technology for the reverse mortgage industry, today announced that Vice President of Sales and Marketing Wendy Peel is one of Mortgage Professional America (MPA) magazine's 2016 'Elite Women in Mortgage.'
DocMagic Announces ‘eQC’ Automated Due Diligence Solution for Lending Industry
Mortgage and Finance News: (TORRANCE, Calif.) DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced the formal launch of its fully integrated 'eQC' solution that automates due diligence for investors and correspondent lenders.
The Mortgage Collaborative Adds 14 New Lender Members Nationwide including Arizona and Texas
Mortgage and Finance News: (SAN DIEGO, Calif.) The Mortgage Collaborative, an independent mortgage lending cooperative, today announced the addition of 14 new lenders to their national network of originating members, according to the Collaborative's EVP of National Sales and Strategic Alliances, Rich Swerbinsky.
Home-Equity Loans Facts Track seminar for mortgage lenders in Huntington Beach May 11
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, Inc. is pleased to announce that it is again offering the popular 'Home-Equity Loans Facts Track' seminar for mortgage lenders interested in learning more about the home-equity conversion mortgage (HECM) loan on May 11, 2016 at the Hyatt Regency Huntington Beach, Sandpiper Room from 12:30 p.m. to 2:30 p.m.
Mortgage Technology Provider, DocMagic Wins 2016 Innovation Award for SmartCLOSE TRID Portal
Mortgage and Finance News: (TORRANCE, Calif.) DocMagic, Inc., a premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that PROGRESS in Lending presented the company with one of its annual Innovation Awards for the development and widely successful launch of its industry-leading SmartCLOSE(TM) collaborative closing portal for TRID compliance. DocMagic was one of only seven recipients to receive the honor out of numerous applicants.
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.
ReverseVision Exchange Loan Origination Software Now Used in 12 States by Willow Bend Mortgage
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision announced today that Willow Bend Mortgage, an independent mortgage lender serving the South Central United States, has selected RV Exchange (RVX) as its reverse mortgage loan origination software (LOS). A long-standing community lender in its home state of Texas, Willow Bend began expanding its reverse mortgage program in 2015 and is currently licensed to operate in 12 states.
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..
At Mortgage Banking Conference in L.A., ReverseVision’s Jeff Birdsell Recognized as MBA Tech All-Star
Mortgage and Finance News: (SAN DIEGO, Calif.) Jeff Birdsell, CMB and vice president of professional services for ReverseVision, Inc., today was honored with Mortgage Banking magazine's Tech All-Star award. Mortgage Bankers Association (MBA) Chief Economist Mike Fratantoni and Mortgage Banking Editor-in-Chief Janet Hewitt presented Birdsell with the award during the MBA's National Technology in Mortgage Banking Conference and Expo 2016 in Los Angeles.
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.
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.
ReverseVision Exchange Software selected by NOVA Home Loans to Originate Reverse Mortgages
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, Inc. announced today that NOVA(R) Home Loans (NOVA), a Tucson, Arizona-based mortgage lender serving the Southwestern United States, has selected RV Exchange (RVX) as its reverse mortgage loan origination software (LOS). NOVA has originated reverse mortgages as a correspondent lender since 2014.
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.
Platinum Data’s Craig Zielazny Named to Board of Advisors for Wittenberg University Master of Science in Analytics Program
Mortgage and Finance News: (ALISO VIEJO, Calif.) Platinum Data Solutions, a provider of valuation data and analytics solutions, has announced that Craig Zielazny, the company's senior vice president of valuation analytics, has been named to the Board of Advisors for Springfield, Ohio-based Wittenberg University's new Master of Science in Analytics program. The Board of Advisors is charged with collaborating to create the department's curricula and courses, and could include guest lecturing. The inaugural semester for Wittenberg University's Master of Science in Analytics program begins in August 2016.
Alternative-Risk Financing Roundtable: ‘Creative Uses for Captives’ Moderated by EPIC’s Daniel Houston
Mortgage and Finance News: (SAN FRANCISCO, Calif. and ATLANTA, Ga.) In the world of risk management, captive insurers are taking on a major role for companies of all sizes. As the number and types of captive insurers are expanding, so too have the types of risks that captive owners are funding through these alternative-risk financing structures, says EPIC Insurance Brokers and Consultants.
ReverseVision Exchange Loan Origination Software selected by Alpha Mortgage of N.C.
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision has announced that Wilmington, N.C.-based Alpha Mortgage, a full-service mortgage lender serving the Carolinas and Virginia, has selected RV Exchange (RVX) as its reverse mortgage loan origination software (LOS) solution. Alpha Mortgage opened its reverse mortgage lending channel in early 2016 under the guidance of division manager and Certified Reverse Mortgage Professional Greg Gianoplus.
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.
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.
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.
EPIC Insurance Brokers adds Joshua Allen, CSP, CFPS as Loss Control Consultant
Mortgage and Finance News: (SAN FRANCISCO, Calif.) EPIC Insurance Brokers and Consultants (EPIC), a retail property and casualty insurance brokerage and employee benefits consultant, announced today that risk control professional Joshua Allen has joined the firm as West Region Risk Management Loss Control Specialist. In this role, Allen will be responsible for providing comprehensive safety management and loss control services to EPIC's larger, more complex 'risk management' clients.
Reagan Economist Dr. Arthur Laffer Endorses U.S. Senate Candidate Tom Del Beccaro’s Flat Tax
Mortgage and Finance News: (WALNUT CREEK, Calif.) Tom Del Beccaro, former Chairman of the California Republican Party and U.S. Senate candidate, today announced Dr. Arthur Laffer's endorsement of Del Beccaro's nationwide and California flat tax.
ArteQuesta signs Ziv Koren, Award-Winning, Critically Acclaimed Photo Journalist
Mortgage and Finance News: (MILL VALLEY, Calif.) Fine Art Investment firm ArteQuesta announces the exclusive USA representation of world-renowned Israeli Photo Journalist, Ziv Koren. In signing with ArteQuesta, Koren stated, 'I'm very excited and looking forward to a fruitful collaboration. Through my photography, I'd rather be honest than impressive.'
BNP Paribas Brings SmartStops Online Risk Management Tools to Italian Finance Market
Mortgage and Finance News: (SAN FRANCISCO, Calif.) SmartStops, an online service that helps investors of all levels manage investment risk, announced today that it has extended its relationship with BNP Paribas and is now available to investors in the Italian market.
U.S. Senate Candidate Tom Del Beccaro Announces Major Endorsement by Economist Larry Kudlow
Mortgage and Finance News: (WALNUT CREEK, Calif.) Tom Del Beccaro, former Chairman of the California Republican Party and U.S. Senate candidate, today announced Economist Larry Kudlow's endorsement of him for U.S. Senate.
EB-5 Investment for Caffe Primo San Diego approved by U.S. Citizenship and Immigration Services
Mortgage and Finance News: (COSTA MESA, Calif.) PDC Capital Group LLC has announced that United States Citizenship and Immigration Services has approved an I-526 petition filed by an investor in a new Caffe Primo restaurant in San Diego.
ArteQuesta announces a new art investment program in its support for veterans and military families
Mortgage and Finance News: (MILL VALLEY, Calif.) ArteQuesta today announced a new art investment program in its support for veterans and military families. The fine arts investment company believes that every opportunity for the enjoyment of art, including the opportunity for art investment, should be given to those who serve the United States.
On ‘Market Wrap with Moe Ansari,’ Financial Consultant and Author Ed Carlson Discusses How to Time Stock Market Cycles
Mortgage and Finance News: (NEWPORT BEACH, Calif.) On Feb. 20, 'Market Wrap with Moe Ansari' will host Ed Carlson, author of 'George Lindsay's An Aid to Timing' (ISBN: 978-0615720371). There are many methodologies for deciding when to buy and sell in the stock market, and the right advice can be invaluable.