News Topic: San Diego Business
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: 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: 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: 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: 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: 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: Legacy Global Development Shares Its Recommendations on the Top 10 Memorable Things to Do in Belize
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development, the developer of the luxurious Orchid Bay, Belize community and recognized as an expert source on Belize tourism, shares its Top 10 List of sites to see and things do while visiting Belize.
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: Legacy Global Development Today Announced the Launch of Four New Beach Villas for Sale at Orchid Bay, Belize
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development today announced the launch of four Beach Villas at its Orchid Bay, Belize community. The Beach Villas are new standalone homes being constructed on the most desired lots of the development, right on the water's edge, and are the last of Orchid Bay's remaining waterfront lots.
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).
News: MCT Officially Launches Trade Auction Manager to Enable Electronic TBA MBS Trading
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 launched Trade Auction Manager(TM) (TAM) to enable more efficient bidding of TBA mortgage-backed securities used by lenders to hedge their open mortgage pipelines. The browser-based software module is accessible via MCTlive!, the company's award-winning comprehensive capital markets platform.
News: ReverseVision Launches Interactive Tool to Help Originators and Consumers Compare HECM Loans with HELOCs, First- and Second-Lien Mortgages
Mortgage and Finance News: (SAN DIEGO, Calif.) ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) and senior lending industry, today announced the release of the Comparison Calculator within RV Sales Accelerator (RVSA).
News: Bank of Southern California NA Names Sean Dlal 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 Sean Dlal has joined the company as Managing Director of Business Banking in Del Mar. He will be responsible for expanding Bank of Southern California's client base by actively seeking new business opportunities in the San Diego region.
News: Legacy Global Development Celebrates Surge of Vacation Home Sales at Its Beautiful Orchid Bay, Belize Property
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development today announced that they are experiencing a significant sales boost at its Orchid Bay, Belize property. Crediting the successful launch of its new Paradise Payment Program and Discovery Stay Tours, the property has over-sold its latest home offering, Bungalows; and has sold four out of six Phase 2 Beachfront Condominiums. All in just the last 6 weeks!
News: Bank of Southern California NA Announces First Quarter 2019 Results and Reports Growth Amidst Expansion
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) today reported results for the first quarter ended March 31, 2019. Total assets grew to $769 million for the first quarter of 2019, a 47% increase compared to the first quarter of 2018. Quarterly net income increased 72% to $1.85 million compared to $1.07 million in Q1 of 2018. Total loans ended the quarter at $629 million and total deposits were $636 million.
News: Legacy Global Development Offering a Special $100,000 Discount to Buyers of Its Brand New, Beachfront Condos at Orchid Bay, Belize
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development today announced they are offering a $100,000 discount to buyers who reserve a Beachfront Condo in Tower-C at Orchid Bay, Belize. Interested buyers can also save $500 when booking a Discovery Stay, which is a 4-day, 3-night vacation to view the property and experience the Orchid Bay community and Belize, firsthand.
News: Mortgage Capital Trading Bolsters Executive Management Team with Addition of Leslie Winick as Chief Strategy Officer
Mortgage and Finance News: (SAN DIEGO, Calif.) Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that Leslie Winick has joined the company as Chief Strategy Officer (CSO). In this newly created position, Ms. Winick will play an integral role in helping MCT hone its strategic direction, further increase market share, manage rapid growth, and delight clients.
News: Bank of Southern California NA Appoints Rick Beatty Vice President, Underwriter
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, has named Rick Beatty Vice President, Underwriter. He will be responsible for structuring, analyzing and underwriting commercial credit for small to middle market companies as well as managing an existing portfolio of clients.
News: MCT Reorganizes Sales Processes, Expands National Sales Team, and Forms Customer Success Group
Mortgage and Finance News: (SAN DIEGO, Calif.) Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, today announced it has restructured the company's internal sales processes, bolstered the sales team, and launched a Customer Success Group (CSG). Implementation of the changes pave the way for significant growth as the company continues innovating, launching new products and services, and on-boarding clients.
News: Bank of Southern California NA Promotes Tony DiVita to Chief Operating Officer
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, has named Tony DiVita Executive Vice President, Chief Operating Officer. Mr. DiVita joined Bank of Southern California in 2011 and most recently held the position of Executive Vice President, Chief Banking Officer.
News: As Belize Becomes Recognized as a Top Destination for Travelers and Expats, Orchid Bay Presents a Prime Investment Opportunity for...
Mortgage and Finance News: (SAN DIEGO, Calif.) As many North Americans are purchasing vacation homes, and retirees are choosing to move to tropical destinations full-time or part-time, Belize is quickly becoming the top choice for home buyers, says Legacy Global Development.
News: Bank of Southern California NA Appoints Gaylin Anderson to Chief Banking Officer
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, has appointed Gaylin Anderson Executive Vice President, Chief Banking Officer. Mr. Anderson previously served as Executive Vice President, Market Executive, and was responsible for the bank's growth within the newly added Los Angeles and Orange County markets.
News: Legacy Global Development Announces Launch of The Paradise Retirement Plan at Orchid Bay, Belize
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development today announced the launch of the Paradise Retirement Plan at its prestigious Orchid Bay, Belize property. As many North Americans are purchasing vacation homes prior to retirement, then choosing to live in their vacation home full-time after they retire, the Paradise Retirement Plan is a home ownership program customized to cater to this growing real estate trend.
News: Bank of Southern California NA Extends Loan Facility to NTC Foundation
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCA), a community business bank headquartered in San Diego, Calif., announced today that it has extended a loan facility to the NTC Foundation, a San Diego-based non-profit organization focused on creating a destination for arts and culture at the former Naval Training Center in San Diego.
News: ReverseVision Named to HousingWire Magazine’s Tech100 List of Top Housing Technology Companies for a Fourth Year
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 been named to HousingWire (HW) Magazine's Tech100 list of innovative housing technology companies for a fourth time. ReverseVision was previously named a HW Tech100 honoree in 2015, 2017 and 2018.
News: Bank of Southern California NA Appoints Ashley Lopez as Branch Managing Director
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, has announced the appointment of Ashley Lopez as Branch Managing Director for the company's Carlsbad office. She will be responsible for expanding Bank of Southern California's market presence by actively seeking new business banking relationships with a focus on San Diego's North County communities.
News: Legacy Global Development Announces Launch of Bungalow Homes at Orchid Bay, Belize
Mortgage and Finance News: (SAN DIEGO, Calif.) Legacy Global Development today announced the launch of new Bungalows at its luxurious Orchid Bay, Belize property. Their Bungalows make owning a home in Belize accessible to a wider pool of potential buyers, as they offer the same quality as Orchid Bay's other homes at an incredible value. Additionally, Legacy is offering a financing option to the first six families who purchase a Bungalow, through its first-ever Paradise Payment Program.