News Topic: Texas Business

Mortgage and Finance News: (IRVINE, Texas) LeaseAccelerator announced today that its CEO, Michael Keeler, will participate in a panel at the upcoming Financial Executives International (FEI) New Lease Accounting Standard Conference. Issued earlier this year, the new standards, FASB ASU 2016-02 (or Topic 842) for US GAAP and IFRS 16, will require companies to track virtually all real estate, equipment leases, and leases embedded in service agreements as assets and liabilities on their balance sheets starting as early as 2019.

Mortgage and Finance News: (PLANO, Texas) Pavaso, Inc., a provider of digital process and collaboration solutions for the real estate lifecycle, announced that Wells Fargo has named Pavaso an approved vendor for "hybrid" eClosings. In a hybrid eClosing, select documents are printed and "wet signed," but much of the closing package is executed electronically. Effective immediately, Wells Fargo will accept loans closed on Pavaso's Digital Close(SM) platform using this hybrid process.

Mortgage and Finance News: (ADDISON, Texas) Mid America Mortgage, Inc. Owner and CEO Jeff Bode announced the firm has retained mortgage banking and capital markets executive Michael Lima as managing director of its Whole Loan Trading division. With nearly 30 years of mortgage expertise, Lima will direct Mid America's whole loan acquisition business, including its recent entry into the market for loans with TRID compliance issues.

Mortgage and Finance News: (CORPUS CHRISTI, Texas) 2 Refunds, Inc. has launched a website with a rare promise: File one tax return and get two refunds. Aptly named, 2 Refunds gives the startup a preemptive position in online done-for-you tax preparation - a niche that exists in the overlapping services of HandR Block and TurboTax yet has no focused presence from either industry leader.

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.

Mortgage and Finance News: (PLANO, Texas) Pavaso, Inc., a provider of digital process and collaboration solutions for the real estate lifecycle and SigniaDocs, Inc., a provider of eMortgage platform technologies, announced the integration between their two platforms to facilitate an all-inclusive eClosing process.

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.'

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.

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.

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.

Mortgage and Finance News: (AUSTIN, Texas) The Oncology Group today announced that Terry Massey has joined the company as vice president. Mr. Massey will lead The Oncology Group's newest consulting service, revenue recovery.

Mortgage and Finance News: (HOUSTON, Texas) Financial Softworks, LLC today announced release of their latest enhancements to DashBook Royalty Pro, and it makes creation and distribution of royalty reports cover the broad range needs of many different businesses. Although DashBook could upload reports to Box and Google Drive before, the new support for local synchronizing folders provides complete flexibility in choosing a preferred cloud service.

Mortgage and Finance News: (HOUSTON, Texas) Cogent Technology Group, Inc. announced today that YEP Energy has engaged Cogent to implement YEP Energy's utilization of Cogent's Sales Commission Manager software service to support its growth of natural gas sales in California and other states. Their SCMOnline solution provides a means of managing the residual sales commissions that flow as ongoing streams of compensation to their independent brokers and sales agents.

Mortgage and Finance News: (PLANO, Texas) TACPA (The Texas Association of CPAs), supports effort to reduce burdensome regulations in the state. Texas Representative Phil Stephenson, CPA, recently filed two bills affecting CPAs and small businesses: The first bill, H.B. 1756, exempts from the state's mandatory peer review program, CPAs who only prepare financial statements for small businesses.