News Topic: San Diego Business
News: ReverseVision Names Mortgage Technology Veteran Joe Langner President
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, the leading provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, today announced the appointment of Joe Langner as president. Langner will lead the company to achieve its strategic vision of establishing HECM and private reverse mortgages as lending portfolio staples alongside traditional and government loans.
News: ReverseVision Named 2020 HW Tech100 Mortgage Company for Sixth Year
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, the leading provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, today announced it has been named a HousingWire (HW) Tech100 Mortgage company for a sixth year.
News: Bank of Southern California N.A. Announces Fourth Quarter and Year End 2019 Results
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the fourth quarter ended December 31, 2019. Total assets ended the year at $830 million at December 31, 2019, an increase of 8.1% compared to December 2018. Total loans increased 6.6% to $677 million and total deposits increased 7.0% to $672 million compared to the prior year as well.
News: OptifiNow Leverages ReverseVision API to Streamline Reverse Loan Origination at Open Mortgage
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, the leading provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, today announced their recently released Loan Import API has been leveraged by OptifiNow for mutual lender client Open Mortgage.
News: The Mortgage Collaborative Announces Partnership with Mortgage Insurance Provider MGIC
Mortgage and Finance News: (SAN DIEGO, Calif.) The Mortgage Collaborative (TMC), the mortgage industry's only independent cooperative, is pleased to announce it has signed an agreement with Mortgage Guaranty Insurance Company (MGIC) to be the newest addition to join its Preferred Partner Network.
News: Bank of Southern California, N.A. Completes Capital Offering and Plans to Form Holding Company
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, announced today the successful completion of a capital raise of approximately $12 million through the issuance of common stock in a private placement to institutional and accredited individual investors at a price of $12.00 per share.
News: Black Knight Joins The Mortgage Collaborative’s Preferred Partner Network
Mortgage and Finance News: (SAN DIEGO, Calif.) The Mortgage Collaborative (TMC), the mortgage industry's only independent cooperative, today announced that Black Knight, Inc. (NYSE:BKI), a leading provider of mortgage software, data and analytics solutions, has been added to its Preferred Partner network.
News: Government of Belize Breaks Ground on Corozal-Sarteneja Road
Mortgage and Finance News: (SAN DIEGO, Calif.) As of November 14, 2019, the Government of Belize has officially commenced the construction of the Corozal-Sarteneja Road. The project, funded by the Government of Taiwan with a loan of $50 million, aims to ease travel between the two locations with a 27-mile road, including the Pablo Nuevo and Laguna Seca bridges.
News: Bank of Southern California NA Names Troy Perry Managing Director, Business Banking
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 Troy Perry has joined the company as Managing Director of Business Banking. He will be responsible for broadening Bank of Southern California's market presence by actively seeking new business opportunities throughout Los Angeles' Westside.
News: Bank of Southern California, N.A. Announces Third Quarter 2019 Results
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the third quarter ended September 30, 2019. Total assets grew to $839 million at September 30, 2019, a 14% increase compared to the third quarter of 2018.
News: MCT Launches InvestorMatic™ Program to Elevate the Whole Loan Trading Experience Between Lenders and Investors
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 has officially introduced a unique program called InvestorMatic in the lead up to the MBA Annual Convention & Expo in Austin, Texas.
News: ReverseVision Unveils New Tech Strategy with Major Platform Updates and Brand Transformation at 2019 MBA Annual Conference
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, the leading provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, today announced its transformation as an API-enabled flexible reverse lending platform, unveiling a new logo as part of its revised mission and rebranding.
News: Bank of Southern California, NA and CalWest Bancorp, the Holding Company for CalWest Bank, Announce Agreement to Merge
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW), today announced the signing of a definitive agreement and plan of merger (the "Agreement") whereby CalWest Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals and the approval of the shareholders of CALW and BCAL.
News: Legacy Global Development Announces High Demand for Bungalows at Orchid Bay, Belize with New Homes Under Construction Featuring Brand New...
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development today announced that its Bungalows at Orchid Bay, Belize are selling out fast. There are currently only four Bungalows still available, two of which have waterfront locations. As the Bungalows have become highly desirable to homebuyers, prices have gone up for the second time this year on the waterfront locations, and new bungalows are currently under construction to satisfy its popular demand.
News: STRATMOR Group’s 2019 Technology Insight Study Again Scores MCT Highest for Overall Satisfaction, Lender Loyalty, and Lender Share
Mortgage and Finance News: (SAN DIEGO, Calif.) Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that the study results from STRATMOR Group's 2019 Technology Insight Study show MCT as the industry leader in lender share, overall satisfaction, and Lender Loyalty Score(r) in the Production Pipeline Hedging category.
News: Bank of Southern California NA Names Jacob Mathews Managing Director of Business Banking
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 Jacob Mathews has joined the company as Managing Director of Business Banking. He will be responsible for expanding Bank of Southern California's client base by actively seeking new business opportunities in Los Angeles County and Orange County.
News: MCT’s COO Phil Rasori Honored with HousingWire Tech Trendsetters Award
Mortgage and Finance News: (SAN DIEGO, Calif.) Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that its COO, Phil Rasori, has been designated to HousingWire's inaugural Tech Trendsetters award list. Phil is credited with being instrumental in the architecture and launch of multiple innovative capital markets solutions.
News: New MCTlive! Mobile App Puts Secondary Marketing at Lenders’ Fingertips
Mortgage and Finance News: (SAN DIEGO, Calif.) Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, debuted a new MCTlive! mobile application at its MCT Exchange client conference last Friday. The app enables secondary marketing managers to review reporting, manage loan pipelines, and conduct whole loan trading from the convenience of their mobile phone.
News: All Roads to Lead to Orchid Bay with the Announcement of Belize’s $50 million Corozal-Sarteneja Road Project
Mortgage and Finance News: (SAN DIEGO, Calif.) The Belize Tourism Board recently released its first half of 2019 tourism figures which showed a 6 percent increase in overnight visitors over 2018, says Legacy Global Development. Additionally, the Government of Belize announced that construction would begin next month on the $50 million Corozal-Sarteneja Road Project.
News: Legacy Global Development Shares Insider Knowledge on Why Belize Tourism is Growing at Such a Rapid Rate
Mortgage and Finance News: (SAN DIEGO, Calif.) The Belize Tourism Board recently released its January - June 2019 Tourism Statistics which show remarkable growth. Legacy Global Development, the developer of the luxurious Orchid Bay community, offers insight on why Belize continues to rise and how it's related to the country's current real estate boom. Read about it in Legacy's latest blog post titled, "Belize Tourism in 2019: The Numbers Are in For the First Half of the Year."
News: Mid America Mortgage Selects ReverseVision as Technology Partner to Debut HECM and Reverse Products
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 Mid America Mortgage, Inc. (Mid America) has selected its flagship reverse loan origination system (LOS), ReverseVision Exchange (RVX) to support the introduction of HECM and private reverse mortgage products.
News: Legacy Global Development Shares How to Achieve ‘Blue Mind’ in Belize
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development, the developer of the luxurious Orchid Bay, Belize community, explores the concept and benefits of blue mind, in its latest blog post titled, "Experiencing Blue Mind in Belize."
News: ReverseVision’s Jeff Birdsell Named 2019 HousingWire Insiders Award Recipient
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, announced that Jeff Birdsell, vice president of professional services has been named a recipient of the 2019 HousingWire (HW) Insiders Award. Now in its fourth year, the Insiders Award program recognizes "operational all-stars" within the housing industry who have been vital to their employer's success.
News: Managing General Agency Paragon Insurance Launches Nationwide Workers’ Compensation Insurance Program
Mortgage and Finance News: (SAN DIEGO, Calif.) Paragon Insurance Holdings LLC ("Paragon"), a national multi-line specialty MGA (Managing General Agency) based in Avon, Conn., today announced the addition of a new nationwide Workers' Compensation Insurance Program.
News: Legacy Global Development Shares Its Top Reasons to Invest in a Beachfront Vacation Condo
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development, the developer of the luxurious Orchid Bay, Belize community, shares its insider knowledge on why investing in a beachfront condo is a smart investment, in a blog post titled, "Top 4 Reasons to Invest in a Beachfront Condo."
News: The Mortgage Collaborative Adds Two New Board Members, Enjoys Record Attendance at Summer Conference
Mortgage and Finance News: (SAN DIEGO, Calif.) The Mortgage Collaborative (TMC), the mortgage industry's only independent cooperative, today announced the addition of Kate deKay and Allison Johnston to their prestigious board of directors. Johnston and deKay were voted in Sunday, August 18, 2019, during the Lender Co-op board meeting, which took place in Nashville, Tennessee during TMC's summer conference.
News: Bank of Southern California N.A. Names Joel Ewan Senior Vice President, Credit Administration
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 announced the appointment of Joel Ewan as Senior Vice President, Credit Administration. In this newly created role, he will be responsible for managing, implementing, and evaluating credit policy initiatives as well as analyzing and structuring commercial credit for clients across multiple industry sectors.
News: Legacy Global Development Announces Surge in Home Sales at its Orchid Bay, Belize Property
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development, the developer of the luxurious Orchid Bay, Belize community, today announced that it had a significant increase in home sales for 2019, with a total of 17 homes going under contract between January and July. The developer believes this surge in sales is thanks to Belize's rise in tourism and the many benefits that the country offers homebuyers.
News: Bank of Southern California NA Announces Justin Roscoe as AVP, Training Officer
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 named Justin Roscoe as Assistant Vice President, Training Officer. In this newly created role, he will lead all learning and development, and career pathing programs for the Bank. In addition, he will be responsible for developing a structured recruiting process and company-wide internship program.
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.