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Banking and Finance

Banking Industry News, Mortgage Finance, and Payment Processing

Omega Financial Services, Inc. has implemented LendingQB’s Comprehensive Web-based Loan Origination System
Wed, 23 May 2012 02:58:16 -0400 EDT
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COSTA MESA, Calif. /eNewsChannels/ — LendingQB, a provider of seamless mortgage lending technology, announced that Omega Financial Services, Inc., a retail and wholesale mortgage banker, has implemented its comprehensive Web-based loan origination system (LOS) to automate each of its business channels.

Melanie Rocha joins 360 Mortgage Group LLC as Account Executive in Utah
Tue, 22 May 2012 09:33:57 -0400 EDT
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, LLC, a privately owned wholesale mortgage bank, has hired Utah-based mortgage specialist Melanie Rocha as an account executive in its Western region. Rocha, a former 360 Mortgage Group employee, brings more than 10 years of mortgage industry experience.

CCMC Inc. Announces Availability of its New Lending-Connector Product Family
Sun, 20 May 2012 10:16:13 -0400 EDT
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ALTAMONTE SPRINGS, Fla. /eNewsChannels/ — CCMC Inc., the leading provider of integration solutions for lending systems, announces the availability of its new Lending-Connector(TM) product family. The cutting edge Lending-Connector(TM) products are designed to carry loan workflow automation and employee productivity to the next level.

United Wholesale Mortgage announces that it has launched a new product, dubbed ELITE
Thu, 17 May 2012 13:24:03 -0400 EDT
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BIRMINGHAM, Mich. /eNewsChannels/ — United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 47 states, announced that it launched a new product, dubbed ELITE, that offers the best conventional rates and pricing in the industry. Recognized industry-wide for first-class customer service, UWM is pleased to provide their signature service combined with the most aggressive rates and pricing in the industry for elite borrowers.

Success with HARP 2.0: 360 Mortgage Group Now Helping Significant Number of Qualified Underwater Borrowers
Wed, 16 May 2012 01:59:53 -0400 EDT
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, a privately owned wholesale mortgage banker, officially began accepting applications for HARP 2.0 loans on Monday, March 19, 2012, specifically serving challenged and underwater borrowers. Subsequently, 360 has experienced a significant increase in loan volume, resulting in the largest active pipeline since the company’s 2007 founding.

MBA National Secondary Marketing Conference: MCT Trading Inc Launches LockCentral Service for Lenders
Wed, 02 May 2012 11:43:29 -0400 EDT
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SAN DIEGO, Calif. /eNewsChannels/ — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced it established an outsourced service that implements and manages a centralized lock desk for mortgage bankers that offers them a viable alternative to operating an in-house lock desk.

Phil Rasori, COO of MCT Trading to speak at Market Insight Conference in Sacramento
Wed, 25 Apr 2012 03:59:23 -0400 EDT
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SAN DIEGO, Calif. /eNewsChannels/ — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that its COO, Phil Rasori, will speak on a panel at the Mortgage Insight Conference on April 26 in Sacramento, Calif. The session will analyze the future of the mortgage business and address the challenges and opportunities facing loan originators.

Mortgage lending veteran Gino Berchock joins 360 Mortgage Group for the Georgia Market
Wed, 25 Apr 2012 02:58:14 -0400 EDT
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group LLC, a privately owned wholesale mortgage bank, announces that it has added 20-year mortgage lending veteran Gino Berchock as an account executive in its Southern region, specifically targeting the Georgia market.

Glenn Bonds added as account exec for Maryland and Mid-Atlantic region by 360 Mortgage Group LLC
Mon, 23 Apr 2012 13:18:20 -0400 EDT
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group LLC, a privately owned wholesale mortgage bank, has added Glenn Bonds as account executive for its Mid-Atlantic region. In his more than 15 years’ mortgage industry experience, Bonds has held leadership positions and earned a reputation for optimizing broker performance

New LendingQB Service Provides Comprehensive Analysis to Optimize Lenders’ Workflows and Reduce Costs Per Loan
Mon, 23 Apr 2012 02:59:55 -0400 EDT
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PHEONIX, Ariz. /eNewsChannels/ — LendingQB, a provider of seamless mortgage lending technology, announced an innovative new service that helps lenders understand and measure the impact of technology on their business, which will be introduced at the MBA Technology Conference and Exposition. Known as the Enterprise Process Assessment (EPA), it provides lenders with an extensive breakdown of their operations, workflows and technologies to determine a strategy to reduce cost per loan and optimize enterprise-wide performance.

Progressive Finance, a merchandise lease to own financer, adds integrated click-sign functionality with their online contracts
Wed, 18 Apr 2012 09:42:43 -0400 EDT
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SALT LAKE CITY, Utah /eNewsChannels/ — Progressive Finance, a merchandise lease to own financer, has recently integrated click-sign functionality with their online contracts. This new system will allow for stores to forgo the process of printing contracts for the customers to physically sign, and instead allow the customers to digitally sign their contracts from a computer, tablet, or smart phone.

GCA Equity Partners, LLC announces GCA California Real Estate Fund Investment Offering
Thu, 12 Apr 2012 00:59:20 -0400 EDT
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CAMPBELL, Calif. /eNewsChannels/ — GCA Equity Partners, LLC today announced that it has opened the GCA California Real Estate Fund, LLC – a new investment offering available to qualified California residents. The fund’s 8 percent preferred annual return rate and real-estate secured investment portfolio can help meet the retirement planning needs of those residents born between 1946 and 1964, collectively known as the ‘baby boom’ generation.

iServe Residential Lending, LLC cuts technology costs in half and reduces cost per loan by 30 percent with LendingQB SaaS
Wed, 11 Apr 2012 03:59:10 -0400 EDT
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COSTA MESA, Calif. /eNewsChannels/ — LendingQB, a seamless mortgage lending platform provider, announced that iServe Residential Lending, LLC, a retail mortgage banker, has reported a dramatic increase in employee productivity, slashed technology costs, and reduced costs per loan since implementing LendingQB. iServe selected LendingQB approximately a year ago because it eliminated having to use multiple platforms, databases and integrations.

Quandis, Inc. announces new Mortgage Technology SaaS
Thu, 05 Apr 2012 02:58:27 -0400 EDT
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FOOTHILL RANCH, Calif. /eNewsChannels/ — Quandis, Inc., a leading provider of default management mortgage technology solutions, announced it launched a solution that connects mortgage service companies with a nationwide network of real estate vendors. The module provides a centralized Web portal that creates a medium for vendors to list the services and expertise they provide, and for mortgage companies to locate vendors based on their business needs.

Dwight E. Williams has joined the CONIX Systems, Inc. team
Wed, 04 Apr 2012 09:31:30 -0400 EDT
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MANCHESTER, Vt. /eNewsChannels/ — CONIX Systems, Inc. (CONIX), a leading international provider of payment processing solutions to the financial services industry, is proud to announce that Dwight E. Williams has joined its team. Dwight brings 17 years of business banking and branch management experience to the CONIX sales team.

Jon Tinsley joins 360 Mortgage Group to Serve Growing Northern California Market
Mon, 02 Apr 2012 03:59:41 -0400 EDT
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, a privately owned wholesale mortgage bank, welcomes Jon Tinsley, the latest addition to 360′s growing unit of California-based account executives. In his 27 years of mortgage sales, management and operations experience, Tinsley has demonstrated an acute ability to listen, analyze, and respond with solid solutions to brokers’, loan officers’ and borrowers’ needs.

Michigan-based Account Executive Jeffrey Eason joins 360 Mortgage Group
Fri, 30 Mar 2012 12:42:35 -0400 EDT
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, a privately owned wholesale mortgage bank, is pleased to expand its presence in Michigan and the Midwest region with the addition of Jeffrey Eason as an account executive. Eason has worked for more than 10 years in the mortgage industry and has demonstrated exceptional experience as a sales and account manager with the ability to create excellent sales growth and produce customer satisfaction within program and project development operations.

Wholesale mortgage lender, United Wholesale Mortgage, announces addition of United States Department of Agriculture loans
Thu, 29 Mar 2012 08:12:56 -0400 EDT
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BIRMINGHAM, Mich. /eNewsChannels/ — United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 47 states, announced the addition of USDA (United States Department of Agriculture) loans to enhance its existing government platform of FHA and VA loan programs. UWM is currently recognized throughout the broker community as a top government lender and one of the largest-producing wholesale lenders in the country.

San Diego-based residential lending compliance services firm The Compliance Group Inc grows business 120-percent in 2011
Wed, 28 Mar 2012 10:59:12 -0400 EDT
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SAN MARCOS, Calif. /eNewsChannels/ — Leading mortgage compliance services provider, The Compliance Group, Inc. (TCG), in 2011 saw its business grow by 120 percent over 2010, marking its highest year-over-year growth since its founding by industry veteran Annemaria Allen in 2000. The metro San Diego-based residential lending compliance services firm’s 2011 highest growth business units included Quality Control (87 percent) and Compliance and Licensing (55 percent).

Bill Walsh named CFO of Mortgage fulfillment outsource services expert Titan Lenders Corp
Mon, 26 Mar 2012 12:06:16 -0400 EDT
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DENVER, Colo. /eNewsChannels/ — Mortgage fulfillment outsource services expert Titan Lenders Corp. (Titan) is pleased to announce the appointment of corporate finance powerhouse, Bill Walsh, as chief financial officer. Mr. Walsh brings more than 35 years’ experience in accounting and finance for a diverse portfolio of companies, including Nabisco Brands, Inc. and Leprino Foods Company.

United Wholesale Mortgage announced that it has successfully implemented Fannie Mae’s HARP 2.0 program requirements with Unlimited LTV/CLTV
Fri, 23 Mar 2012 11:15:20 -0400 EDT
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BIRMINGHAM, Mich. /eNewsChannels/ — United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 47 states, announced that it has successfully implemented Fannie Mae’s HARP 2.0 program requirements with Unlimited LTV/CLTV. UWM was one of the first lenders to implement the government’s adjustments to HARP 2.0 when it went into effect December 1, 2011, and now they have effectively implemented the expansion of HARP 2.0 into their EASE (Easiest Application System Ever) broker portal.

Wholesale mortgage bank, 360 Mortgage Group, now licensed to provide mortgages to residents in the Mid-Atlantic region of U.S.
Tue, 13 Mar 2012 09:49:21 -0400 EDT
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AUSTIN, Texas /eNewsChannels/ — With the goal of expanding its wholesale services to all fifty states, 360 Mortgage Group, a privately owned wholesale mortgage bank, is announcing that they are now licensed to provide mortgages to residents in the Mid-Atlantic region of Maryland, Virginia and Washington, D.C.

LDV Capital Management commenced its 2012 Spring Break for Wall Street Dinner and Luncheon Series in February
Mon, 12 Mar 2012 09:57:48 -0400 EDT
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FORT LAUDERDALE, Fla. /eNewsChannels/ — LDV Capital Management commenced its 2012 Spring Break for Wall Street Dinner and Luncheon Series last month by hosting corporate presentations for General Electric Company (NYSE:GE), Hecla Mining Company, and Atlas Pipeline Partners, L.P.

CONIX Systems, Inc. Marks 20th Anniversary Serving Financial Institutions and Processors
Thu, 08 Mar 2012 01:59:52 -0400 EDT
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MANCHESTER, Vt. /eNewsChannels/ — CONIX Systems, Inc., a leading international provider of payment processing solutions to the financial services industry, is proud to announce that it has served financial institutions and processors since 1992. For two decades, CONIX has pioneered payment processing products that reduce system maintenance costs and improve operating reliability.

360 Mortgage Group a sponsor of 2012 Florida Association of Mortgage Professionals Annual Trade Show
Mon, 05 Mar 2012 11:41:11 -0400 EDT
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, a privately owned wholesale mortgage bank, is sponsoring the upcoming Florida Association of Mortgage Professionals (FAMP) annual trade show on Tuesday, March 6 in Tampa, Florida.

Titan Lenders Corp. Engages Jan Conner to Head Loan Processing and Underwriting Operations
Tue, 28 Feb 2012 02:58:34 -0400 EDT
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DENVER, Colo. /eNewsChannels/ — In response to industry demand, exacting regulatory requirements and mortgage lenders’ need to ensure loan origination compliance, mortgage fulfillment outsource services expert Titan Lenders Corp. (Titan) is now providing mortgage processing and underwriting services. Titan has hired underwriting expert and mortgage industry veteran Jan Conner to manage its new service offering.

CONIX Systems is introducing its enhanced Fraud Detective(R) enterprise solution to financial institutions at the 2012 BAI Payments Connect conference
Mon, 27 Feb 2012 10:59:57 -0400 EDT
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MANCHESTER, Vt. /eNewsChannels/ — In response to increasing payment fraud risk, CONIX Systems, Inc. (CONIX) is introducing its enhanced Fraud Detective(R) enterprise solution to financial institutions and their payment processors at the 2012 BAI Payments Connect conference, March 12 – 14 (Booth #508). Effective both against current and emerging payment fraud schemes, Fraud Detective either replaces or supplements financial institutions’ legacy fraud tools.

International Document Services survey details top priorities for mortgage lenders and compliance
Thu, 23 Feb 2012 02:58:12 -0400 EDT
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SALT LAKE CITY, Utah /eNewsChannels/ — International Document Services (IDS), a mortgage document preparation vendor, has compiled the results of its 2011 annual client survey to determine lender experiences and expectations regarding initial disclosure documents, an element of mortgage origination targeted by new regulations in recent and coming years.

2012 BAI Payments Connect: CONIX Systems to unveil National Duplicate Detection and Fraud Detection Database
Wed, 22 Feb 2012 13:41:23 -0400 EDT
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MANCHESTER, Vt. /eNewsChannels/ — With FFIEC compliance in force, operating efficiency paramount, and fraud evolving rapidly, CONIX Systems, Inc. (CONIX) has enabled financial institutions and payment processors to aggregate payment anomalies in a shared SaaS database. Creating a shared national duplicate and fraud detection database is imperative in meeting the challenges of today’s increasing payment alternatives.

George Feneis and Paul Granito join RBC Wealth Management New York Metro Office
Wed, 22 Feb 2012 11:39:35 -0400 EDT
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PARAMUS, N.J. /eNewsChannels/ — RBC Wealth Management, one of the nation’s largest full-service securities firms, recently welcomed the highly sought after FG Group, consisting of Financial Advisors George Feneis and Paul C. Granito, to the New York metro area, according to Scott Fergang, Paramus Branch Director. The FG Group joins RBC Wealth Management from Morgan Stanley Smith Barney, and has more than $350 million in assets under management and close to $3 million in production.

360 Mortgage Group announces Broker Docs SaaS, a closing document clearing functionality
Tue, 21 Feb 2012 09:19:38 -0400 EDT
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AUSTIN, Texas /eNewsChannels/ — 360 Mortgage Group, a privately owned wholesale mortgage bank, has announced the release of Broker Docs, a closing document clearing functionality now available online to all 360 Mortgage Group brokers. This new feature to 360 Mortgage Group’s suite of proprietary online origination tools is expected to shorten closing time by at least 50 percent.

MBA National Servicing Convention and Expo: Quandis CEO to Speak on Mortgage Servicing Trends
Fri, 17 Feb 2012 11:10:04 -0400 EDT
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FOOTHILL RANCH, Calif. /eNewsChannels/ — Quandis, Inc., a leading provider of default management mortgage technology solutions, announced that its CEO, Scott Stoddard, will participate on a roundtable hosted by SourceMedia at the MBA’s National Servicing Convention and Exposition. Participants in the roundtable will address various topics, trends and concerns in today’s mortgage servicing landscape.

Titan Lenders Corp and The Compliance Group Partner to Deliver Enterprise Quality Control Solutions for Mortgage Lenders
Tue, 14 Feb 2012 09:03:37 -0400 EDT
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DENVER, Colo. /eNewsChannels/ — Mortgage fulfillment outsource services expert, Titan Lenders Corp. (Titan), and leading mortgage compliance services provider, The Compliance Group, Inc. (TCG), have entered a referral partnership to serve mortgage lenders’ compliance, quality control and multi-state licensing needs. Titan and TCG enable lenders to focus on sustaining profitable businesses that respond with agility to regulatory fluctuations.

Glen Jensen and Dan Taggart launch Uprize, LLC with proprietary Intellitrader System for network marketing and FOREX markets
Mon, 13 Feb 2012 01:58:11 -0400 EDT
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SALT LAKE CITY, Utah /eNewsChannels/ — A recently launched business, Uprize, LLC, is already experiencing rapid growth. In its first week in business, Uprize already has customers and affiliates in more than 10 countries – including the U.S., Canada, Thailand, Korea, Japan, Brazil, Germany, Mexico, Australia, and the Philippines.

Colorado Financial Foundation Group helps the Larimer Humane Society
Tue, 31 Jan 2012 14:07:21 -0400 EDT
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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.

MortgageFlex and CCMC Inc Partner to Provide BridgeWare Solutions for LoanQuest
Mon, 30 Jan 2012 01:59:47 -0400 EDT
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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.

Mortgage Technology Company, Quandis Inc., expands operations in SaaS and Cloud Solution field
Fri, 20 Jan 2012 09:01:20 -0400 EDT
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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.

MCT Trading COO, Philip Rasori, will speak on a panel session on the subject of risk management advisory
Tue, 17 Jan 2012 13:49:22 -0400 EDT
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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.

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
Tue, 17 Jan 2012 12:00:33 -0400 EDT
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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.

e2b software announces Anytime Collect SaaS is available for banks and financial institutions to private label
Thu, 12 Jan 2012 00:57:11 -0400 EDT
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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.

MCT Trading named a 2011 Medallion winner for the 2011 Workplace Excellence Awards
Fri, 06 Jan 2012 07:36:24 -0400 EDT
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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.

PHH Mortgage Correspondent Lenders Can Now Access Titan Lenders Corp. Expert Closing, Funding, Investor Loan Review Services
Thu, 29 Dec 2011 03:59:39 -0400 EDT
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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).

SaaS-based social customer service platform from Assistly added to IDS Inc. systems
Wed, 28 Dec 2011 11:37:06 -0400 EDT
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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.

FFG Expands Fort Collins Colorado Location, Shows Growth in Financial Services Industry
Tue, 27 Dec 2011 10:07:42 -0400 EDT
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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.

Mortgage Capital Trading, Inc. has announced the hiring of Ben Itkin as Senior Trade Desk Executive
Tue, 20 Dec 2011 10:07:02 -0400 EDT
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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.

United Wholesale Mortgage among the first to Implement HARP 2.0 Program
Tue, 20 Dec 2011 08:11:24 -0400 EDT
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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.

According to BusinessCashAdvance, Merchant Cash Advances Expected to Increase in 2011 Holiday Season
Thu, 08 Dec 2011 09:48:00 -0400 EDT
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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.

Second Street Capital, Inc. will soon begin operating as a specialty finance company, providing working capital to small and medium size local businesses and entrepreneurs
Tue, 06 Dec 2011 04:59:00 -0400 EDT
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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.

United Wholesale Mortgage is now offering an exclusive true jumbo product to all of its brokers
Tue, 06 Dec 2011 01:59:15 -0400 EDT
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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.

Financial author Robert Stowe England Casts Spotlight on Mad Max Follies Behind the 2008 Financial Crisis
Tue, 22 Nov 2011 09:55:18 -0400 EDT
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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.

United Wholesale Mortgage announces new functionality added to existing broker portal
Mon, 14 Nov 2011 23:57:37 -0400 EDT
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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.

DocMagic, Inc. chief legal officer to speak at the 13th Annual Mortgage Technology Conference
Fri, 11 Nov 2011 11:42:10 -0400 EDT
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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.

International Document Services Adds Flood Insurance Disclosure to idsDoc SaaS Mortgage Packages
Thu, 10 Nov 2011 11:14:29 -0400 EDT
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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.

BusinessCashAdvance reports that business loan alternatives are expected to increase in 2012
Thu, 10 Nov 2011 08:20:01 -0400 EDT
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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.

Bob Paglia joins 360 Mortgage Group, expanding So. California service area
Thu, 10 Nov 2011 02:58:22 -0400 EDT
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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.

Ecologic Leasing Services announced today that it has launched The Global Lessor Network 2.0 in China
Tue, 08 Nov 2011 00:59:11 -0400 EDT
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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.

Hugh Sinclair joins 360 Mortgage Group as Pacific Northwest Account Executive
Mon, 07 Nov 2011 03:56:58 -0400 EDT
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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.

CONIX Systems’ Dupe Detective goes into production at Trustmark National Bank
Fri, 04 Nov 2011 08:59:02 -0400 EDT
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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.

Southern Secondary Market Conference announced by Texas Mortgage Bankers Association
Thu, 03 Nov 2011 10:59:53 -0400 EDT
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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.

David Bromage and Rod Suhan appointed to Ecologic leadership team for Boart Longyear Financial
Tue, 01 Nov 2011 12:40:40 -0400 EDT
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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.

United Wholesale Mortgage earns spot on Mortgage Technology magazine’s 2011 Top 25 Tech-Savvy Lenders list
Wed, 26 Oct 2011 09:43:44 -0400 EDT
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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.

Shedding Light on Occupy Wall Street Phenomenon: video of author Robert Stowe England at this month’s Mortgage Bankers Association
Tue, 25 Oct 2011 09:51:21 -0400 EDT
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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.

Eight of International Document Services’ customers were featured on the 2011 Mortgage Technology Magazine ‘Top Tech-Savvy Lenders’ list
Mon, 10 Oct 2011 04:58:44 -0400 EDT
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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.

Comergence Compliance Monitoring debuts Robust Reporting System Providing Lenders Much Needed Insight Into Company Data
Mon, 10 Oct 2011 03:57:33 -0400 EDT
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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.

Mortgage Servicers, Sub-servicers Now Offered MERS Management Services by Titan Lenders Corp.
Thu, 06 Oct 2011 14:55:16 -0400 EDT
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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.

CCMC, Inc. has announced an agreement with COCC, the seventh largest technology service provider in the US
Thu, 06 Oct 2011 04:58:37 -0400 EDT
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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.

IDS announces first phase of improvements to its web-based idsDoc mortgage doc prep platform
Wed, 05 Oct 2011 17:09:47 -0400 EDT
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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.

International Document Services, Titan Lenders, and DepthPR co-sponsor book signing at MBA’s 98th Annual Convention in Chicago
Wed, 05 Oct 2011 14:03:09 -0400 EDT
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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.

Ecologic Leasing Services announced today that it has launched The Global Lessor Network 2.0
Mon, 03 Oct 2011 12:24:15 -0400 EDT
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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.

DocMagic’s eSign New Solution Allows Users to Electronically Sign Any Document at No Charge
Wed, 28 Sep 2011 14:07:27 -0400 EDT
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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.

360 Mortgage Group, LLC adds Christine Vanderliet as Account Exec
Fri, 09 Sep 2011 17:46:03 -0400 EDT
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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.

David White joins 360 Mortgage Group
Fri, 09 Sep 2011 16:58:14 -0400 EDT
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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.

Leo Armada joins 360 Mortgage Group
Fri, 09 Sep 2011 16:12:41 -0400 EDT
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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.

International Document Services Inc. Upgrades Mortgage Document Interface with Avista Solutions to Support Mortgage Lender Data Integrity
Wed, 07 Sep 2011 16:39:39 -0400 EDT
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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.

360 Mortgage Group, LLC adds Mary Mortensen to Calif. Account Team
Fri, 26 Aug 2011 18:14:54 -0400 EDT
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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.

Maurice Harris joins 360 Mortgage Group, LLC in Austin Texas
Fri, 26 Aug 2011 16:18:47 -0400 EDT
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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.

ABA Marketing Conference 2011: CMI’s Laura Winn to Present Ethnography for Strategic Bank Marketing
Thu, 25 Aug 2011 16:23:38 -0400 EDT
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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.

CONIX Systems Whitepaper Discusses Automated Filtering of ‘False Positive’ Duplicate Payment Suspects and Using X9 Addendum Records
Wed, 24 Aug 2011 16:10:14 -0400 EDT
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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.

DMD 10.0 Product Suite Supporting Compliance-centric Mortgage Origination and Loan Salability announced by Del Mar DataTrac, Inc.
Wed, 03 Aug 2011 15:14:50 -0400 EDT
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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.

Titan Lenders Corp (TLC) added eight new mortgage lender clients in the first half of 2011
Tue, 02 Aug 2011 17:26:41 -0400 EDT
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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.

360 Mortgage Group adds Tommy Cruse as Account Exec for Southeast Region
Tue, 02 Aug 2011 13:27:04 -0400 EDT
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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.

New White Paper from Ecologic: How to Prepare Now for the Coming Lease Accounting Changes
Mon, 18 Jul 2011 12:45:03 -0400 EDT
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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.

Titan Lenders Corp now offers its Whole Loan Purchase Review (WLPR) service to institutional and correspondent investors
Wed, 13 Jul 2011 05:53:03 -0400 EDT
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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.

International Document Services selected by Guaranty Trust for Initial Disclosures, Closing Docs
Tue, 05 Jul 2011 11:27:48 -0400 EDT
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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.

Annual DMD Client Conference covers Loan Origination and Operations Training
Tue, 28 Jun 2011 15:10:09 -0400 EDT
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SAN DIEGO, Calif. /eNewsChannels/ — Nearly 120 mortgage lenders attending the Del Mar DataTrac, Inc. (DMD) annual client conference earlier this month cited the growing need for comprehensive training in light of regulatory changes, new standards for loan quality and compliance, and the need to improve profitability in a low volume marketplace.

Ecologic Leasing Services announces launch of two subsidiaries, Ecologic Lessee Services and Ecologic Vendor Services
Thu, 23 Jun 2011 16:39:03 -0400 EDT
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GREAT FALLS, Va. /eNewsChannels/ — Ecologic Leasing Services, a global provider of outsourcing, software, and capital sourcing services to both equipment lessees and vendor captive lessors, today announced the launch of two subsidiaries, Ecologic Lessee Services and Ecologic Vendor Services

MCT Trading, Inc. Celebrates Ten-Year Anniversary – Hedging Advisory Firm Attributes Milestone to Customer Care
Wed, 25 May 2011 11:44:58 -0400 EDT
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SAN DIEGO, Calif. /eNewsChannels/ — MCT Trading, Inc., a recognized leader in hedging and risk management services, announced the celebration of its of tenth anniversary in business. The company was founded in May of 2001 and has remained dedicated to the mortgage banking industry since its inception.

Quandis, Inc. Introduces Military Search Service that mitigates risk associated with the Servicemembers Civil Relief Act
Tue, 24 May 2011 05:57:27 -0400 EDT
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FOOTHILL RANCH, Calif. /eNewsChannels/ — Quandis, Inc., a provider of default management technology solutions, announced it has launched a service that automates searches on loan portfolios to determine if borrowers are active military personnel. The service reduces the risk of compliance issues in the default collection, loss mitigation and foreclosure processes.

Dupe Detective X9 Inspector from CONIX Advances Payments Processing Productivity
Mon, 23 May 2011 05:59:51 -0400 EDT
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MANCHESTER, Vt. /eNewsChannels/ — CONIX Systems, Inc., (CONIX) announces the availability of its Dupe Detective™ X9 Inspector™ feature, providing banks and payments processing providers a proven duplicate detection solution that eliminates the most common source of false suspects.

DataTrac Originator Web-enabled POS Unseats Texas Mortgage Banker’s Legacy Loan Origination Technology
Mon, 23 May 2011 04:58:25 -0400 EDT
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SAN DIEGO, Calif. /eNewsChannels/ — Del Mar DataTrac, Inc., a leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in, paperless lending and loan process workflow tools, has signed Fort Worth, Texas-based Cendera Funding for its DataTrac Originator point-of-sale solution.

DocMagic, Inc. CCO Melanie Feliciano, will speak on a panel session that addresses various mortgage compliance trends and changes
Tue, 10 May 2011 14:17:51 -0400 EDT
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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, Melanie Feliciano, will speak on a panel session that addresses various mortgage compliance trends and changes. The panel is being held at the 4th Annual Avista Solutions Customer Conference on May 10 in Charleston, S.C.

OpenCuro, Inc. selected to demonstrate new online payment system at FinovateSpring 2011
Wed, 04 May 2011 13:38:41 -0400 EDT
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SAN FRANCISCO, Calif. /eNewsChannels/ — OpenCuro, Inc., a San Francisco-based online payment start-up, today announced that it will debut its new payment system at FinovateSpring 2011 on May 11th in San Francisco. Finovate is the conference that showcases groundbreaking innovations in financial and banking technology from both established industry leaders and up and coming start-ups.

IDS Inc. Adds Broker Anti-Steering Loan Option Disclosure to idsDoc System
Mon, 25 Apr 2011 11:40:29 -0400 EDT
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SALT LAKE CITY, Utah /eNewsChannels/ — In response to the changes to loan originator compensation issued by the Federal Reserve Board, International Document Services, a mortgage document preparation vendor, has provided its wholesale customers with a Broker Anti-Steering Loan Option Disclosure within in the idsDoc system so that brokers can certify that they have provided the borrower with the necessary information to achieve safe harbor under the changes to Regulation Z.

David M. Walker and Peter Grandich to collaborate on promoting grassroots American accountability organizations
Mon, 18 Apr 2011 11:59:45 -0400 EDT
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WALL, N.J. /eNewsChannels/ — David Walker, former Comptroller General of the United States, will team up with market commentator Peter Grandich and his Trinity Financial Sports & Entertainment Management Co. to promote The Comeback America Initiative and No Labels -organizations aimed at helping bring America back to the common sense principles upon which our country was founded.

RobotDough Software to demo unique online market analysis tools for financial community at FinovateSpring
Tue, 12 Apr 2011 17:22:21 -0400 EDT
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LOS ANGELES, Calif. /eNewsChannels/ — RobotDough Software Corporation has been selected to unveil its new online stock market analytical toolset at FinovateSpring 2011, the high-profile banking technology conference, on, May 11, 2011 in San Francisco. FinovateSpring is designed to showcase the most innovative new financial technology products and ideas.

IDS President Curt Doman Advises Lenders to Tackle HELOC-specific Doc Challenges
Tue, 05 Apr 2011 16:25:32 -0400 EDT
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SALT LAKE CITY, Utah /eNewsChannels/ — Curt Doman, president of International Document Services, Inc., a mortgage document preparation vendor, says that while the resurgence of home equity loans and lines of credit is ultimately a good thing for both borrowers and the mortgage industry, there are specific document-related challenges lenders should address before re-entering the HELOC market.

Certified Mortgage Banker Rhonda Beck joins MCT, a leading capital markets advisory firm
Wed, 23 Mar 2011 16:12:41 -0400 EDT
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SAN DIEGO, Calif. /eNewsChannels/ — MCT Trading, Inc., a recognized leader in hedging and risk management, has announced that Rhonda Beck has joined the firm as regional sales director for its Charlotte, North Carolina office, and will lead the company’s expansion in the Southeast Unites States.

HELM360 EVP to speak at MBA 2011 National Technology in Mortgage Banking Conference and Exposition
Wed, 23 Mar 2011 13:30:44 -0400 EDT
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POWAY, Calif. /eNewsChannels/ — HELM360, a business intelligence, analytics and software integration firm, announced its EVP, Shay Tengan, will speak on a panel session that addresses the latest trends and advances in business intelligence (BI). The panel is being held at the MBA’s 2011 National Technology in Mortgage Banking Conference and Exposition.

DMD DataTrac Originator Point-of-Sale Technology chosen by ViewPoint Mortgage
Mon, 14 Mar 2011 06:59:55 -0400 EDT
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SAN DIEGO, Calif. /eNewsChannels/ — Del Mar DataTrac, Inc., the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, has signed a community bank and three mortgage lenders for its DataTrac Originator point-of-sale (POS) automation solution.

Mortgage Compliance Authority Howard Lax to appear on Compliance Panel at 2011 DMD Client Conference in Las Vegas
Thu, 03 Mar 2011 16:38:19 -0400 EDT
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SAN DIEGO, Calif. /eNewsChannels/ — Del Mar DataTrac (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, has engaged the services of respected mortgage compliance attorney Howard A. Lax to address DMD’s Client Conference.

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