Banking Industry News, Mortgage Finance, and Payment Processing
Edited by Aria Munro
FORT COLLINS, Colo., /eNewsChannels/ — 2012 has started off on the correct foot for the Loveland Branch of Financial Foundation Group, also known as FFG. The company spends the typical work week helping people review their retirement accounts, college savings, investment safety, and life insurance needs. This past week the staff not only focused on the usual, but also spread its wings into the community once again for another volunteer project.
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ALTAMONTE SPRINGS, Fla. /eNewsChannels/ — CCMC Inc, the financial industry’s premier automated interface supplier, announced an agreement with MortgageFlex Systems, an innovative provider of mortgage lending software, to offer its BridgeWare line of interface products to complement the MortgageFlex loan origination system, LoanQuest.
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FOOTHILL RANCH, Calif. /eNewsChannels/ — Quandis, Inc., a leading provider of default management mortgage technology solutions, announced that it had a banner year in 2011, spawning significant growth. Quandis took a number of different measures to effectively manage its rapid expansion.
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SAN DIEGO, Calif. /eNewsChannels/ — MCT Trading, Inc. (MCT), a leading hedging and risk management firm, announced that its COO, Philip Rasori, will speak on a panel session on the subject of risk management advisory in the secondary market at the Texas MBA’s Southern Secondary Market Conference. The panel is being held at the Marriott Woodlands Waterway Hotel and Convention Center in Woodlands, Texas on Wednesday, January 18 from 3:30 p.m. to 5:30 p.m.
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BIRMINGHAM, Mich. /eNewsChannels/ — United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 47 states, announced that in 2011 it significantly expanded its business in all functional areas, hired top executives, increased its workforce, implemented new technology and launched several new products. UWM plans to continue with its aggressive growth strategy as they remain focused on originating high quality loans in excess of $3.5 billion in 2012 and upwards of $8 billion by 2014.
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CHARDON, Ohio /eNewsChannels/ — e2b software announced today that Anytime Collect, a cloud-based credit and collections management solution, is available for banks and financial institutions to private label and offer to their business customers to help them automate accounts receivable collections.
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SAN DIEGO, Calif. /eNewsChannels/ — MCT Trading, Inc. (MCT), a leader in hedging and risk management services, announced that it has been named a 2011 Medallion winner for the annual Workplace Excellence Awards held by the San Diego Society for Human Resource Management (SD SHRM). Each year, the SD SHRM honors local companies having exceptional HR practices that become instrumental to their success and profitability.
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DENVER, Colo. /eNewsChannels/ — Mortgage fulfillment outsource services expert Titan Lenders Corp. (Titan), has entered into a strategic relationship with one of the nation’s top-five residential mortgage originators and the largest non-financial mortgage servicer in the country PHH Mortgage Corporation, a subsidiary of PHH Corporation (NYSE: PHH).
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SALT LAKE CITY, Utah /eNewsChannels/ — IDS Inc., a mortgage document preparation vendor, has installed a SaaS-based social customer service platform from Assistly, a recent acquisition by Salesforce, into its back-office operations to improve responsiveness to customer inquiries.
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FORT COLLINS, Colo. /eNewsChannels/ — The past three years have been tremendous years of growth for the Fort Collins/Loveland branch of Financial Foundation Group, also known as FFG. This branch has helped hundreds of clients and developed many upper management staff members and the office was bursting at the seams. The FFG team had no choice but to expand into a location with more square footage.
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SAN DIEGO, Calif. /eNewsChannels/ — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, has announced the hiring of Ben Itkin as Senior Trade Desk Executive. In this role, Mr. Itkin will be responsible for co-managing MCT’s Trading Desk operations along with Head Trader and COO, Philip Rasori, as MCT continues to expand its team of mortgage traders due to growth in new client engagements.
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BIRMINGHAM, Mich. /eNewsChannels/ — United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 47 states, announced today that it has successfully implemented the government’s enhancements to the Home Affordable Refinance Program (HARP 2.0) that went into effect December 1, 2011.
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CORAL SPRINGS, Fla. /eNewsChannels/ — With the expectation of small business loan financing to remain bleak into the upcoming holiday season, merchants and small business owners will be seeking out alternative means of working capital for the Christmas rush, expected to result in an increased demand for merchant cash advances from financing sources like BusinessCashAdvance.
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VERO BEACH, Fla. /eNewsChannels/ — Second Street Capital, Inc. (SSCI), a publicly traded company, that suffered through the housing and credit crises beginning in 2007, has recently begun the process of recapitalizing and will soon begin operating as a specialty finance company, providing working capital to small and medium size local businesses and entrepreneurs. SSCI is headquartered in Ft. Lauderdale; however, Jack Rodgers, Maria Caldarone, and Laura Camisa all members of the management team will operate from a Vero Beach office.
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BIRMINGHAM, Mich. /eNewsChannels/ — United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 47 states, announced today that it has a unique jumbo product with loan amounts up to $2.5 million and LTV’s up to 80 percent. This product is exclusive and has extremely competitive low fixed rates in the mid 4s along with multiple ARM options if the borrowers choose.
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MILTON, Del. /eNewsChannels/ — Financial author Robert Stowe England turned a spotlight on the role of key institutions, policies, agencies and people in Washington and on Wall Street that pushed the financial system toward the mortgage meltdown and 2008 crisis in remarks at a book signing event Nov. 5 at the Federal Street Gallery in the historic town of Milton, Delaware.
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BIRMINGHAM, Mich. /eNewsChannels/ — United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 47 states, announced that it has implemented a proprietary decisioning solution within its broker portal that was custom developed in-house. The new functionality returns accurate pricing and product eligibility on up to ten programs at once with the click of a mouse.
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CARSON, Calif. /eNewsChannels/ — DocMagic, Inc., the mortgage industry’s leading provider of loan document and automated compliance solutions, announced that its chief legal officer (CLO), Melanie Feliciano, will speak on a panel session that will discuss various compliance challenges and technology solutions. The panel is being held at the 13th Annual Mortgage Technology Conference by SourceMedia and Mortgage Technology magazine at the Doral Golf Resort in Miami, Florida.
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SALT LAKE CITY, Utah /eNewsChannels/ — International Document Services (IDS), a mortgage document preparation vendor, announced that a new disclosure relating to flood insurance is now available through the idsDoc doc prep platform.
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CORAL SPRINGS, Fla. /eNewsChannels/ — As banks continue to place strict requirements on business loans for small businesses and merchants, BCA (BusinessCashAdvance.com) continues to grow its business loan alternative financing program to accommodate merchants in need of fast financing.
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, a privately owned wholesale mortgage bank, welcomes Bob Paglia as a newly hired account executive. Based out of Lancaster, Calif., just north of Los Angeles, Paglia’s territory includes the Southern California region.
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WASHINGTON, D.C. /eNewsChannels/ — Ecologic Leasing Services announced today that it has launched The Global Lessor Network 2.0 in China. ‘Our corporate lessee clients and our vendor captive clients have been asking us to help them find, engage, and transact with new lessors in China for several years,’ stated Michael Keeler, CEO, Ecologic Leasing Services.
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, a privately owned wholesale mortgage bank, welcomes High Sinclair as a newly hired account executive. Covering the Washington-state region, Sinclair brings more than 10 years of mortgage industry experience.
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MANCHESTER, Vt. /eNewsChannels/ — CONIX Systems, Inc. (CONIX), a leading international provider of payment processing solutions to the financial services industry, and Trustmark National Bank (NASDAQ:TRMK) have completed the bank’s implementation of Dupe Detective(TM), the payments industry’s leading Day 1, multi-channel duplicate payment product.
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AUSTIN, Texas /eNewsChannels/ — The Texas Mortgage Bankers Association (TMBA) today announced the location and dates of its annual Southern Secondary Market Conference. This year’s conference – dubbed Ingredients for Success: Education, Understanding, Execution and Results – will be hosted at the Marriott Woodlands Waterway Hotel and Convention Center in Houston, Texas on January 18-19, 2012.
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WASHINGTON, D.C. /eNewsChannels/ — Ecologic Leasing Services announced today that it has appointed David Bromage and Rod Suhan as its leadership team dedicated to Boart Longyear Financial Services.
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BIRMINGHAM, Mich. /eNewsChannels/ — United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 47 states, announced that they earned a spot on Mortgage Technology magazine’s 2011 Top 25 Tech-Savvy Lenders list for the first time. UWM built its own proprietary technology, which in part helped the company to become one of the largest wholesale lenders.
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ARLINGTON, Va. /eNewsChannels/ — Remarks by ‘Black Box Casino’ author Robert Stowe England at this month’s Mortgage Bankers Association (MBA) annual conference in Chicago detailing his exploration of how, in his words, ‘The story of the financial crisis is the story of mortgage banking,’ have been posted on YouTube.
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SALT LAKE CITY, Utah /eNewsChannels/ — International Document Services (IDS), a mortgage document preparation vendor, has announced that eight IDS customers were featured on the 2011 Mortgage Technology Magazine ‘Top Tech-Savvy Lenders’ list.
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MISSION VIEJO, Calif. /eNewsChannels/ — Greg Schroeder, president of Comergence Compliance Monitoring, a leading provider of third-party originator (TPO) monitoring and due diligence solutions, today introduced REALM IQ, a powerful business intelligence reporting system that helps lenders have complete control of their data with unparalleled reporting capabilities.
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DENVER, Colo. /eNewsChannels/ — Titan Lenders Corp, a U.S.-based domestic mortgage fulfillment outsource company, now offers MERS management services to assist mortgage servicers and sub-servicers in meeting MERSCORP’s new processing and quality assurance requirements. The new requirements stem from changes to Rule 8 made by the Office of the Comptroller of the Currency.
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ALTAMONTE SPRINGS, Fla. /eNewsChannels/ — CCMC Inc., the leading provider of automated interfaces for the financial industry, announced an agreement with COCC, the seventh largest technology service provider in the U.S., to provide ccmcBridge connecting their next generation core processing system with the industry’s leading loan origination systems.
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SALT LAKE CITY, Utah /eNewsChannels/ — IDS Inc., a mortgage document preparation vendor, has released the first phase of improvements to its web-based idsDoc doc prep platform. The system improvements are designed to allow IDS to better serve their customers through faster implementations of new features, easier development and a more intuitive user interface.
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CHICAGO, Ill. /eNewsChannels/ — Titan Lenders Corp., a U.S.-based domestic mortgage fulfillment outsource company, and International Document Services, Inc., a mortgage document preparation vendor, are co-sponsoring financial author Robert Stowe England’s book discussion and signing event for his recently released book ‘Black Box Casino’ (ISBN: 9780313392894) at the Mortgage Bankers Association’s 98th Annual Convention and Expo in Chicago.
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WASHINGTON, D.C. /eNewsChannels/ — Ecologic Leasing Services announced today that it has launched The Global Lessor Network 2.0. The enhanced service matches new equipment leasing opportunities from lessees located around the world with qualified lessors that are registered in The Global Lessor Network 2.0.
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CARSON, Calif. /eNewsChannels/ — DocMagic, Inc., the mortgage industry’s leading provider of loan document and automated compliance technologies, announced an industry break-through by making its eSign platform available to any user at no cost. DocMagic’s eSign solution gives users the ability to capture electronic signatures for any document saved in a PDF file format.
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, a privately owned wholesale mortgage bank, welcomes Christine Vanderliet as an account executive. Vanderliet brings more than 15 years of mortgage industry experience in broker recruitment, production maintenance and relationship building between brokers and operations.
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, a privately owned wholesale mortgage bank, welcomes David White as an account executive. White brings more than 20 years of mortgage industry experience in territory management, relationship building and account management.
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, a privately owned wholesale mortgage bank, welcomes Leo Armada as an account executive. Armada brings more than 10 years of mortgage industry experience in strategic business development and revenue generation.
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SALT LAKE CITY, Utah /eNewsChannels/ — International Document Services (IDS), a mortgage document preparation vendor, and Avista Solutions, a leader in sophisticated Cloud-based loan origination systems, have enhanced their partner interface to centralize data entry and create a seamless interaction between their respective systems.
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, a privately-owned wholesale mortgage bank, welcomes Mary Mortensen as an account executive in the Southern California region. Mortensen brings more than 25 years of mortgage industry experience to this role.
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, a privately-owned wholesale mortgage bank, welcomes Maurice Harris as an account executive. Throughout his 15 years in the mortgage industry, Harris has exhibited strong leadership and financial strength, as well as a desire to maintain a strong work ethic with a company that fosters the personal professional growth of its employees.
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ATLANTA. Ga. /eNewsChannels/ — Laura Winn, qualitative research manager and ethnographer for CMI, a full-service marketing research company, will discuss how bank marketers can gain a much deeper understanding of their customers through the use of traditional and online ethnographic methods.
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MANCHESTER, Vt. /eNewsChannels/ — CONIX Systems has created a white paper to educate banks and payment processors about how to safeguard themselves and their customers using a duplicate payment detection strategy that eliminates false positives. Most false positives result from duplicate payment detection protocols that mistake return item representments for duplicate payments.
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SAN DIEGO, Calif. /eNewsChannels/ — Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in paperless lending and loan process workflow tools, has released its DMD 10.0 Product Suite.
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DENVER, Colo. /eNewsChannels/ — Titan Lenders Corp. (TLC) added eight new mortgage lender clients in the first half of 2011, including a national bank, correspondent lenders and broker-to-bankers. TLC, a U.S.-based domestic mortgage fulfillment outsource operation, offers a parallel and variable cost alternative solution to lenders that need to maintain correspondent back office and warehouse line management operations.
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, a privately-owned wholesale mortgage bank, welcomes Tommy Cruse to its ranks as an account executives in the Southeast region. Cruse brings more than 35 years of mortgage origination experience.
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GREAT FALLS, Va. /eNewsChannels/ — Ecologic Lessee Services, a global provider of outsourcing, software, and capital sourcing services to corporate and non-profit equipment lessees, today announced the publication of a unique whitepaper that addresses how lessees can prepare for the coming IFRS lease accounting changes.
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DENVER, Colo. /eNewsChannels/ — Titan Lenders Corp (TLC), a U.S.-based domestic mortgage fulfillment outsource company, now offers its Whole Loan Purchase Review (WLPR) service to institutional and correspondent investors. TLC is leveraging its extensive experience in whole loan delivery on behalf of correspondent lenders to complete an organic expansion of its service offering.
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SALT LAKE CITY, Utah /eNewsChannels/ — International Document Services (IDS), a mortgage document preparation vendor, has been selected to provide closing documents and initial disclosures for Guaranty Trust Company, a full service mortgage company based in Murfreesboro, Tenn.



