Thursday, February 11, 2016

Banking and Finance

Banking and Finance
Banking Industry News, Mortgage Finance, and Payment Processing

NEWS: Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), announced today that FINRA has approved a change in the Company's stock symbol. As of Monday, December 21, 2015 the new trading symbol for Bank of Southern California is BCAL. The former symbol, FBBN is no longer valid.

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: The Mortgage Collaborative (TMC), an independent mortgage lending cooperative, today announced the addition of sixteen new lenders to their national network of originating members, announced the Collaborative's EVP of National Sales and Strategic Alliances, Rich Swerbinsky.

NEWS: Mid America Mortgage, Inc. Owner and Chief Executive Officer Jeff Bode announced the firm's interest in purchasing Scratch and Dent loans with TILA-RESPA Integrated Disclosure (TRID) infractions, even if a previous investor has rejected the loan for purchase.

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: ReverseVision, Inc. today announced that mortgage lenders, bankers and REALTORS(R) interested in learning why offering reverse mortgages in their lending portfolio allows them to better serve consumers are invited to attend a 'Reverse Mortgage Facts' track at its inaugural User Conference 2016 in San Diego January 20 - 22 at the Sheraton San Diego Hoteland Marina.

NEWS: Mid America Mortgage, Inc. Owner and CEO Jeff Bode announced the firm has developed Mid America Concierge, an online marketing support portal for its strategic business partners, including real estate agents and brokers.

NEWS: The Mortgage Collaborative (TMC), an independent lending cooperative serving small- to mid-sized mortgage lenders and community-based lending institutions, has formed a strategic alliance with NAHREP Consulting Services (NCS), announced TMC Vice Chairman David G. Kittle, CMB.
ReverseVision

NEWS: ReverseVision, Inc. has announced its newest credit report partnership with Certified Credit Reporting, a nationwide provider of credit reports and mortgage information services. This integration within RV Exchange (RVX), ReverseVision's flagship reverse loan origination system (RLOS) platform, increases RVX users' choice of automated credit report services.

NEWS: ReverseVision, Inc. today announced that noted financial planning expert Jamie Hopkins, Esq., JD, CLU(R), RICP(R), an associate professor of taxation at The American College in Bryn Mawr, Pennsylvania will deliver the keynote address at its inaugural User Conference 2016.

NEWS: OpenClose(R) an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, and Lending and Banking Automation Software (LBA Ware), the leading provider of commission automation software, have formed a partnership to seamlessly pass loan information from OpenClose's LenderAssist(TM) LOS into LBA Ware's CompenSafe application to automate the entire commission process.

NEWS: Florida-based Sunshine Capital, Inc. (PinkSheets:SCNP / Pink:SCNP) today announced a joint venture with the publishing division of Widjits, Inc., an independent company, of a three book deal with micro-cap stock magnate Daniel J. Duffy, who is in prison and currently appealing convictions for murder and conspiracy to commit murder, crimes which Mr. Duffy denies any participation in.

NEWS: The Mortgage Bankers Association of Arkansas (MBAA) kicked off its annual Fall Conference with a dinner at the Little Rocks Arts Center. Arkansas Governor, Asa Hutchinson welcomed the crowd of over 100 attendees.

NEWS: The Mortgage Collaborative, an independent mortgage lending cooperative, today announced the formal approval of 10 new preferred vendor partners to their national network, announced the Collaborative's EVP of National Sales and Strategic Alliances, Rich Swerbinsky.

NEWS: ReverseVision, Inc. today announced that board member Jeffrey S. Taylor, Master CMB, has received the National Reverse Mortgage Lenders Association (NRMLA) Career Achievement Award. The award was presented to Taylor at NRMLA's 2015 Annual Meeting and Expo held November 16-18 in San Francisco.

NEWS: Quandis, Inc., a leading provider of default management technology solutions, announced today that it developed and incorporated a sophisticated data parsing and analysis component into its Military Search Service. The new functionality assists servicers and default attorneys in adhering to the Servicemembers Civil Relief Act (SCRA) in order to avoid non-compliance, lawsuits and fines.
ReverseVision

NEWS: ReverseVision, Inc. has announced their newest credit report partnership with MeridianLink, a leading web-based platform for ordering and delivery of credit reports. This integration within RV Exchange (RVX), ReverseVision's flagship reverse loan origination system (RLOS) platform, increases RVX users' choice of automated credit report services.

NEWS: Mortgage services expert Titan Lenders Corp. announced it has expanded the capabilities of its data reconciliation platform mintrak2(R). Now known as DRMS(TM) (Data Reconciliation Management System), the system has been redesigned beyond its original MERS(R) applications to normalize, compare and reconcile multiple datasets from a variety of sources.

NEWS: First Standard Financial Company ('FSF'), a full service Broker Dealer offering client-centric retail brokerage and advisory services to its clients worldwide, announced today that it has hired renowned economist and frequent television business news contributor Peter I. Cardillo as the Firm's Chief Market Economist.

NEWS: Leading mortgage compliance and quality control (QC) services provider The Compliance Group, Inc. (TCG) announced it has hired Michelle Doyle as Director of Quality Control. Doyle brings more than two decades of experience in mortgage underwriting, quality control, risk mitigation and compliance to her new role at TCG.
ReverseVision

NEWS: ReverseVision today announced it ranked number 367 on Deloitte's Technology Fast 500, a ranking of the 500 'fastest growing' technology, media, telecommunications, life sciences and energy tech companies in North America. ReverseVision grew 175.1 percent during this period.

NEWS: Sunshine Capital, Inc. (Pink Sheets:SCNP) today announced that Mr. Lindel Regis has been chosen as President and CEO of the Company. Regis has spent the past several years consulting for both private and public companies in financing, capital raising, and mergers and acquisitions.

NEWS: Massey Consulting, a leading accounting software consulting firm, will assist Eli Global and companies with the implementation and configuration of cloud-based, best in class, Intacct ERP.

NEWS: LeaseAccelerator, the leader in Equipment Lease Management Software, announced today that it will be hosting a webinar on the forthcoming Lease Accounting Standard changes. The company's experts have been closely monitoring the latest proposals and comments on both FASB 842 and IFRS 16.

NEWS: LeaseAccelerator has announced that sales leader and enterprise leasing expert Tim Shockley has joined the company as Vice President of Sales. Tim brings more than 20 years of experience leading top performing teams to provide IT and Financial solutions into Fortune 500 companies.

NEWS: Veros Real Estate Solutions, an award-winning industry leader in enterprise risk management, collateral valuation services and predictive analytics, today reports that residential market values will continue in a positive trajectory over the next 12 months, with overall annual appreciation rising to +3.6 percent from its Q2 forecast of 3.1 percent. The number of markets expected to increase in value is up to 94 percent from last quarter's 90 percent.

NEWS: Bank of Southern California, N.A. (OTCQB:FBBN / OTCMKTS:FBBN) has announced the promotion of Rhonda Guthrie to the position of Senior Vice President, Loan Administration. With over 20 years in Loan Administration, Guthrie joined the Company in 2013 as Loan Administration Manager responsible for all functions related to loan processing, documentation, compliance and loan servicing.

NEWS: Mid America Mortgage, Inc. Owner and Chief Executive Officer Jeff Bode announced the firm has expanded its operations into Missouri, Iowa and Kansas with its newest branch locations in Kansas City, Mo. and Overland Park, Kan.

NEWS: The Mortgage Collaborative, an independent mortgage lending cooperative, today announced the formal approval of 7 new lenders to their national network of originating members, announced the Collaborative's EVP of National Sales and Strategic Alliances, Rich Swerbinsky.

NEWS: EPIC Insurance Brokers and Consultants has announced a mutually beneficial transaction of certain books of business to Alliant Insurance Services, including the customers of David Alvarado and a group of employees who came to

NEWS: Pavaso, a provider of digital collaborative technology for the real estate lifecycle, announced it is co-hosting an event with leading mortgage document preparation provider International Document Services (IDS) during the Mortgage Bankers Association's (MBA's) 102nd Annual Convention and Expo in San Diego later this month. The event, 'eClosing All-Stars,' will be held on Sunday, Oct. 18 at Petco Park.

NEWS: Mid America Mortgage, Inc. owner and Chief Executive Officer Jeff Bode announced John Rhode has joined the company as an account executive in the wholesale and correspondent lending division. Rhode brings 24 years of wholesale lending experience to Mid America and will be focused on the metro-Chicago area and surrounding markets.

NEWS: Tom Del Beccaro, former Chairman of the California Republican Party and U.S. Senate candidate, today announced Economist Larry Kudlow's endorsement of him for U.S. Senate.

NEWS: The Central Texas Chapter of the Association for Corporate Growth(R) (ACG), the global organization focused on driving middle-market growth, signed a Memorandum of Understanding with the Texas Military Officers Association, TMOA, in an effort to actively expose the two organizations to each other's membership, foster integration, and promote joint programs.

NEWS: Pavaso, Inc., a provider of electronic collaborative technology for the real estate lifecycle, announced the availability of IDMAXX(SM), an identity validation/character reference tool that further enhances their end-to-end digital real estate process. The tool is currently in beta and being offered to users free of charge until the end of 2015.

NEWS: DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that PHH Mortgage (PHH), one of the largest providers of residential mortgages in the United States, has signed a multi-year license agreement to use its expansive set of products to help ensure compliance with the TILA-RESPA Integrated Disclosure (TRID) rule.

NEWS: Global DMS, a leading provider of web-based compliant valuation management software, announced that it has hired Mac Chiles as executive vice president of sales. In this role, he will be responsible for managing the company's sales and business development functions for its eTrac(R) Enterprise valuation management platform and ancillary solutions.

NEWS: MCT Trading, Inc., a recognized industry leader in mortgage risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, announced that it hired Paul Yarbrough to manage new client on-boarding, its secondary marketing technology, and solution training.

NEWS: DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that Mid America Mortgage, Inc. will utilize DocMagic's SaaS-based compliance and mortgage loan document engine together with the on-premise solutions of DocMagic's recently acquired eSignSystems patented eSigning, eNotary, eVaulting, eRegistration and eRetention solutions.

NEWS: Empaxis Data Management, experts in middle and back-office outsourcing for investment management firms, recently announced expansion into the European market. Empaxis has opened an office in London and has launched Empaxis Europe Limited. Empaxis has also appointed Stefano Nocera to direct the European operations.

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: Bank of Southern California, N.A. (OTCQB:FBBN / OTCMKTS:FBBN) welcomes Tom Welch as Senior Vice President, SBA Department Manager and Tammy DeWitt as Vice President, SBA Loan Underwriting Manager to its seasoned team of Southern California bankers. Both Mr. Welch and Ms. Dewitt have been in the banking industry for 37 years and both have over 27 years of SBA and conventional lending and relationship management experience.

NEWS: Quandis, Inc., a leading provider of default management technology solutions, announced that it has extended its Military Search Service to locate active duty military personnel in other facets of consumer lending for compliance adherence.