Banking and Finance

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

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document preparation vendor International Document Services, Inc. (IDS), announced 2014 as a record year, generating the most initial disclosure docs in a single year in the company's history. In addition, IDS set a company record in January 2015 for the most amount of initial disclosures generated in a single month. Total initial disclosure volume for the company in 2014 increased 13.6 percent over 2013.

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: ReverseVision, Inc., the leading software and technology provider for the reverse mortgage industry, announced it has been included in the 2015 edition of HousingWire's HW TECH100 list.

TROY, Mich. /eNewsChannels/ -- NEWS: United Wholesale Mortgage, one of the nation's largest and fastest growing wholesale lenders, announced today the release of Elite ARM, a new loan product that has been added to its Elite and Elite High Balance program.

TROY, Mich. /eNewsChannels/ -- NEWS: Michigan-based United Wholesale Mortgage, one of the nation's largest and fastest growing wholesale lenders, announced that its president and CEO, Mat Ishbia, will be speaking on a webinar regarding brokers gaining market share in 2015. The webinar will be held March 18, 2015 from 11 a.m. - 12 p.m. PDT (2 - 3 p.m. EDT).

TORRANCE, Calif. /eNewsChannels/ -- NEWS: DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that HousingWire magazine designated the company to its 2015 HW TECH100(TM) list. The list honors the 100 most innovative technology companies serving the U.S. mortgage finance and real estate industries.

SANTA ANA, Calif. /eNewsChannels/ -- NEWS: Veros Real Estate Solutions, an industry leader in enterprise risk management, collateral valuation services and predictive analytics, today announced today that it has been named the winner of the 'Market Influence' category in the 2015 edition HousingWire HW TECH100 list.

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: ReverseVision, Inc., a leading software and technology provider for the reverse mortgage industry, has released an update to their RV Exchange LOS that includes all Financial Assessment critical screens and calculations. This release was targeted to meet the Department of Housing and Urban Development's (HUD's) original Financial Assessment (FA) implementation date of March 2, 2015.

TROY, Mich. /eNewsChannels/ -- NEWS: United Wholesale Mortgage (UWM), one of the nation's largest and fastest growing wholesale lenders, announces that it has significantly enhanced its loan tracking technology called UTrack, which was redesigned specifically to allow borrowers and real estate agents to have real-time access to track their purchase and refinance loans.

COSTA MESA, Calif. /eNewsChannels/ -- NEWS: Emilio N. Francisco, Chairman and Chief Executive Officer of private equity firm PDC Capital Group, this week announced that Mr. Pat Brown is joining senior housing real estate company SummerPlace Development as Project Manager overseeing the development of SummerPlace Assisted Living and Memory Care projects.

ADDISON, Texas /eNewsChannels/ -- NEWS: Mid America Mortgage, Inc. today announced it has hired financial compliance expert Joanna Shelton as the company's next compliance manager. In addition, Shelton will oversee compliance for Mid America's sister company Mortgage Machine Service and its flagship loan origination system (LOS) Mortgage Machine. Shelton brings more than 19 years of compliance expertise to Mid America.

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: John Button, CEO of leading reverse mortgage software and technology provider ReverseVision, says the Department of Housing and Urban Development's (HUD) decision to delay implementation of its Financial Assessment (FA) rules provides a better opportunity for lenders to get the required technology changes including: ReverseVision's, HUD's and other systems implemented into their processes.

COSTA MESA, Calif. /eNewsChannels/ -- NEWS: Emilio N. Francisco, Chairman and Chief Executive Officer of private equity firm PDC Capital Group, today announced that PDC is raising $45 million in EB-5 immigrant investor funds to assist biodegradable organic chemical products firm Clear Currents, Inc.

FOOTHILL RANCH, Calif. /eNewsChannels/ -- NEWS: Quandis, Inc., a leading provider of default servicing software, announced that it launched Quandis Loan Servicing (QLS), an end-to-end default management platform that automates and compliantly manages the default process from start to finish. QLS is offered as an all-in-one system and also as modules so various components can be leveraged by servicers based on individual needs.

POMPANO BEACH, Fla. /eNewsChannels/ -- NEWS: ACES Risk Management (ARMCO), a leading provider of web-based quality control software for the financial services industry, announced it has been selected to present during the inaugural 'Technology Showcase. at the Mortgage Bankers Association's (MBA's) National Technology in Mortgage Banking Conference and Expo 2015 in Orlando.

MONUMENT, Colo. /eNewsChannels/ -- NEWS: Karl Falk, CEO of ShortSave, Inc., the provider of an award-winning borrower-facing mortgage default servicing system, foresees servicers being hamstrung by the human-powered servicing model in meeting the Consumer Financial Protection Bureau's proposed amendments to its servicer rules.

DALLAS, Texas /eNewsChannels/ -- NEWS: MorVest Capital, a specialized investment firm focused on providing strategic capital and analytics solutions to the mortgage banking and residential finance industry, is drawing mortgage servicers' attention to the impact two recent changes will have on mortgage servicing rights fair value for FHA loans.

TORRANCE, Calif. /eNewsChannels/ -- NEWS: DocMagic, Inc., a leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry, today announced that the firm has now completed its integration with the MERS(R) eRegistry, making it one of only a few industry vendors to integrate with the widely used system.

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: ReverseVision, Inc., the leading technology provider for the reverse mortgage industry, today announced that seasoned marketing executive Wendy Peel has joined the company as its vice president of sales and marketing. In this position, Wendy will be responsible for managing the ReverseVision brand, working with product development and broadening brand awareness among forward lenders and financial planners.

TORRANCE, Calif. /eNewsChannels/ -- NEWS: DocMagic, Inc., the mortgage industry's leader in compliant loan document preparation and driver of complete eMortgage adoption, announced that its entire solution set now adheres to version 3.3 of the Mortgage Industry Standards Maintenance Organization (MISMO) Reference Model.

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document preparation vendor International Document Services, Inc. (IDS) today announced it has promoted former Executive Vice President Mark Mackey to chief executive officer. Mackey began his career with IDS as a member of the sales team in Spring 1999. He is the first CEO in the company's history.

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: Bank of Southern California, N.A. (OTCMKTS:FBBN) (the 'Bank') announced today that it completed a private placement of approximately $7.2 million of its common stock, positioning the Company to grow its Southern California Franchise.

SANTA ANA, Calif. /eNewsChannels/ -- NEWS: Veros Real Estate Solutions, an award-winning industry leader in enterprise risk management, collateral valuation services and predictive analytics, announces that CEO Darius Bozorgi will be a panelist at the 2015 ABS Vegas conference, the largest capital markets conference in the world.

POMPANO BEACH, Fla. /eNewsChannels/ -- NEWS: ARMCO - ACES Risk Management, a leading provider of web-based quality control software for the financial services industry, announced it has enhanced the reporting capabilities of ACES Web Audit Technology through an innovative integration with Tableau Software, a global leader in rapid-fire, easy-to-use business analytics software.

ADDISON, Texas /eNewsChannels/ -- NEWS: Mortgage Machine Services (MMS), a leading provider of enterprise lending solutions, today announced it will begin offering the source code to Mortgage Machine(TM), its flagship loan origination system (LOS), to the entire mortgage industry. Previously hosted as a SaaS solution for a select group of mortgage banks, Mortgage Machine is a highly customizable origination platform that supports Retail, Wholesale and Correspondent lending.

DENVER, Colo. /eNewsChannels/ -- NEWS: Mortgage services expert Titan Lenders Corp. (Titan) announced that 2014 was one of its most successful years to date for both Titan and its correspondent investment subsidiary Titan Capital Solutions (TCS).

SAN DIEGO, Calif. /eNewsChannels/ -- 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 its COO, Phil Rasori, was named one of the Top 40 Most Influential Mortgage Professionals Under 40 by National Mortgage Professional magazine.

TROY, Mich. /eNewsChannels/ -- NEWS: United Wholesale Mortgage (UWM), one of the nation's largest and fastest growing wholesale lenders, today announced that it officially launched a completely new loan origination system (LOS) that is loaded with features and tools for brokers and correspondents. The proprietary technology replaces UWM's previous LOS and offers many benefits for its broker and correspondent partners.

DENVER, Colo., /eNewsChannels/ -- NEWS: Titan Capital Solutions, a wholly-owned correspondent investment subsidiary of mortgage services provider Titan Lenders Corp., today announced it has begun purchasing lenders' 'scratch and dent' production - loans rejected by the GSEs and private investors due to data, document and compliance errors with varying degrees of severity.

BOSTON, Mass. /eNewsChannels/ -- NEWS: Truebridge, Inc., a content marketing company serving the financial industry, is excited to announce the newest update to its Content Marketing System. Threats to cyber security have become increasingly prevalent over the last few years.

NEW YORK, N.Y. /eNewsChannels/ -- NEWS: AMA Acquisitions is a private equity firm in New York State that has a credit facility in place to make acquisitions of companies in manufacturing, distributing and other major industries through debt and equity financing. AMA Acquisitions President Zack Ali says you can sell your company in 90 days.