Banking and Finance

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

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.

DENVER, Colo. /eNewsChannels/ -- NEWS: Mortgage fulfillment outsource services expert Titan Lenders Corp. today announced it will exit its retail general fulfillment service offering, which includes contract underwriting, closing, funding and post-closing for retail mortgage lenders, effective Jan. 31, 2015.

COPENHAGEN, Denmark /eNewsChannels/ -- NEWS: Six months ago, Hungry, an online food-delivery portal connecting over 800 restaurants, started accepting Bitcoin payments using Coinify. After customers began asking about paying with Bitcoin, Hungry saw an opportunity to attract extra business. They chose Coinify Bitcoin payments because of their fraud-free, zero-chargeback alternative, and because Coinify enables them to receive Bitcoin payments directly to their bank account in local currency.

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: North Capital Investment Technology has released TransactAPI 2.0 (TAPI 2.0), the first comprehensive transaction platform for funding portals, broker-dealers and private issuers. TransactAPI 2.0 is a software as a service solution designed to facilitate the offering, transaction and settlement of private offerings.

WEST PALM BEACH, Fla. /eNewsChannels/ -- NEWS: OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that Pacific Union Financial, LLC signed with the company to implement its multi-channel, 100 percent browser-based LOS platform, LenderAssist(TM). The comprehensive solution will automate Pacific Union Financial's wholesale lending functions from start to finish and establish complete data control and visibility over processes.

ADDISON, Texas /eNewsChannels/ -- NEWS: Mid America Mortgage, Inc. owner and CEO Jeff Bode, and Houston-based Affinity Lending Solutions, LLC, president and CEO Scott R. Valby, today announced their intention to integrate Affinity's production operations and branch network into Mid America's mortgage platform.

FOOTHILL RANCH, Calif. /eNewsChannels/ -- NEWS: Quandis, Inc., a leading provider of mortgage servicing software, today announced that it rolled out a website to help address President Obama's New Executive Actions to assist service members, veterans and their families.

TROY, Mich. /eNewsChannels/ -- NEWS: United Wholesale Mortgage, one of the nation's largest and fastest growing wholesale lenders, announced that it rolled out a new product called Investor Edge, which is designed specifically for borrowers that are looking to purchase or refinance non-owner occupied investment properties.

MONUMENT, Colo. /eNewsChannels/ -- NEWS: Mortgage industry technology innovator ShortSave, Inc. was awarded the coveted Servicing Trailblazer Award at the 15th Annual Mortgage Technology Awards Ceremony on October 19 in Las Vegas. ShortSave helps distressed borrowers work out their loans with their lenders in a matter of days.

DALLAS, Texas /eNewsChannels/ -- NEWS: MorVest Capital, LLC, in concert with its funding partner Customers Bank (NASDAQ:CUBI), today announced that this week it has closed another mortgage servicing rights (MSR) credit facility for a Virginia company, adding to its growing tally. MorVest Capital is a boutique investment firm primarily focused on providing capital and strategic solutions to the mortgage banking and residential finance industry.

LANSDALE, Pa. /eNewsChannels/ -- NEWS: Global DMS, a leading provider of Web-based compliant valuation management software, announced that its vice president of marketing, Jody Collup, has been named to the HousingWire 2014 'Influential Women in Housing' list.

DENVER, Colo. /eNewsChannels/ -- NEWS: Native Americans with a tribal enrollment card have been eligible for a specialized Home Loan Guarantee Program (HUD Section 184) since 1992 to assist in the purchase of a new home, says Morgan Pennington, a Section 184 Licensed Mortgage Consultant at Universal Lending Corporation. Beginning this year, there are some new changes went into place that will make it even more attractive to Native American Indian homeowners.

PALM DESERT, Calif. /eNewsChannels/ -- NEWS: Bank of Southern California, N.A. (OTCMKTS:FBBN / OTC Markets FBBN) announced today that it purchased substantially all the assets and liabilities of Frontier Bank, FSB dba El Paseo Bank through a purchase and assumption agreement with the FDIC.