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Banking and Finance News and Views
Financial Expert Paul Granito joins ‘Best of Best’ at Barron’s Winner’s Circle Summit
Fri, 08 Oct 2010 13:17:07 -0500 EST

PARAMUS, N.J. /eNewsChannels/ — Paul Granito, First Vice President, Financial Advisor at Morgan Stanley Smith Barney was one of approximately 500 financial advisors who were selected by their firms to attend the sixth-annual Barron’s Winner’s Circle Top Advisors Summit, hosted by Barron’s magazine to promote best practices in the industry and the value of advice to the investing public.

Preferred Mortgage Corporation says, Get Locked in Now for Record Low Manhattan Mortgage Rates
Thu, 07 Oct 2010 14:22:53 -0500 EST

NEW YORK, N.Y. /eNewsChannels/ — Jeff Koch, senior loan officer of Preferred Mortgage Corporation, announced this week that Manhattan mortgage rates are at record lows. This information is based on a survey released by Freddie Mac, the second largest mortgage finance company. It reported that 30 and 15-year Manhattan mortgage rates either tied or reached record lows this last week.

International Document Services Mortgage Industry in Motion to Benefit Atlanta Habitat for Humanity
Thu, 07 Oct 2010 13:28:20 -0500 EST

ATLANTA, Ga. /eNewsChannels/ — International Document Services, Inc. (IDS), a mortgage document preparation vendor, and Atlanta Habitat for Humanity, one of the top producers of affordable home ownership opportunities among U.S. Habitat affiliates, have teamed up to challenge attendees at the Mortgage Bankers Association’s (MBA) 97th Annual Convention and Expo to raise $10,000 for Atlanta Habitat for Humanity.

Del Mar DataTrac President Rob Katz to Moderate 2010 MBA Conference Panel
Tue, 28 Sep 2010 14:40:59 -0500 EST

SAN DIEGO, Calif. /eNewsChannels/ — Rob Katz, president of Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions is moderating a panel discussion entitled ‘Growing Market Share in a Down Market’ at the Mortgage Bankers Association’s 97th Annual Conference on October 25 at 11:00 a.m.

International Document Services, Inc. Sets New Record for Mortgage Document Package Preparation in August
Fri, 24 Sep 2010 09:52:10 -0500 EST

SALT LAKE CITY, Utah — International Document Services, Inc. (IDS), a mortgage document preparation vendor, experienced another high-volume month in August and hit a new single-day record on August 26 due to record low mortgage rates and an increase in new clients.

IDS President Curt Doman Foresees APR Calculation Challenges in Regulation Z Updates
Mon, 20 Sep 2010 11:28:16 -0500 EST

SALT LAKE CITY, Utah — Curt Doman, president of International Document Services, Inc. (IDS), a mortgage document preparation vendor, warns interim change to Regulation Z, also known as the Truth in Lending Act (R-1366), could make it more difficult for lenders to accurately calculate an APR for closed end real property transactions.

Changing the entire landscape to protect Latino laborers’ payroll is the mission of the new iGlobal Prepaid Visa Card
Fri, 17 Sep 2010 08:16:51 -0500 EST

LOS ANGELES, Calif. — Changing the entire landscape to protect Latino laborers’ payroll is the mission of the new iGlobal Prepaid Visa Card and its initial launch in the Central Valley of California. According to founder, Robert Acosta, whose parents worked the citrus fields of Southern California, ‘The exploitation of Latino workers … is over.’

Tough Economy? Taycor Financial Beats Other Equipment Leasing Companies for Small Business Equipment Financing
Thu, 16 Sep 2010 02:59:18 -0500 EST

LOS ANGELES, Calif. — ‘Many business owners don’t realize that funding is still available for equipment purchases, even if the banks are turning them down,’ says Bob Skibinski, CEO of Taycor Financial. ‘Unlike other equipment leasing companies, here at Taycor, we are getting deals done for our clients every day; which means you are going to get the new piece of equipment you need, and you are going to get it fast.’

The Shortcomings of Buy and Hold Revealed in New Historical Performance Calculator from SmartStops
Thu, 09 Sep 2010 10:47:34 -0500 EST

PALO ALTO, Calif. — SmartStops announced today the launch of the performance comparison calculator. The calculator analyzes the historical performance of equities comparing a buy and hold approach to one following a risk mitigation strategy. In addition to total return, risk exposure and opportunity costs are also quantified and the results presented in simple visual diagrams.

Jay Lacny joins The Magnifund Group as Chief Strategy Officer
Mon, 30 Aug 2010 12:02:02 -0500 EST

SAN MARCOS, Calif. — The MagniFund Group is pleased to announce the addition of Jay Lacny to its organization, as its Chief Strategy Officer. This is an important advancement in the company’s desire to aid customers and clients in meeting all of their financial needs and continuing our strategy of becoming one of the West Coast’s largest lenders.

International Document Services, Inc. Customers in Mortgage Industry make Top 25 Tech Savvy List
Thu, 26 Aug 2010 11:53:29 -0500 EST

SALT LAKE CITY, Utah — International Document Services, Inc. (IDS), a mortgage document preparation vendor, would like to recognize and congratulate four IDS lenders for appearing on Mortgage Technology Magazine’s 2010 Top 25 Tech-Savvy Lenders list.

CONIX Systems’ Enterprise IRD System Chosen by Symcor Inc.
Mon, 23 Aug 2010 12:24:01 -0500 EST

MANCHESTER, Vt. — CONIX Systems Inc., a leading international provider of payment processing solutions to the financial services industry, was selected by Symcor Inc., a leading North American financial processing company, to provide its Enterprise IRD (EIRD) solution – a system designed to print IRD documents from X9.37 files.

International Document Services, Inc. Customer Inlanta Mortgage Named Finalist for 2010 Mortgage Technology Award
Mon, 23 Aug 2010 11:08:19 -0500 EST

SALT LAKE CITY, Utah — International Document Services, Inc. (IDS), a mortgage document preparation vendor, congratulates Inlanta Mortgage for being named a finalist in the Customer-Focused Lender category for the 2010 Mortgage Technology Awards.

Titan Lenders has received its national certification as a Women’s Business Enterprise
Mon, 23 Aug 2010 04:59:01 -0500 EST

DENVER, Colo. — Mortgage lending fulfillment outsource services expert Titan Lenders Corp, has received its national certification as a Women’s Business Enterprise by the Women’s Business Enterprise Council – West Certification Committee, a regional certifying partner of the Women’s Business Enterprise National Council.

Titan Lenders Corp and ComplianceEase Named Finalists for Mortgage Technology Synergy Award
Wed, 18 Aug 2010 11:42:02 -0500 EST

DENVER, Colo. — Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC), and ComplianceEase, the nation’s leading provider of regulatory compliance and risk management solutions, have been named one of three finalists for the coveted 2010 Synergy Award from Source Media’s Mortgage Technology magazine. The pair was nominated for their proprietary automated loan review process for the Massachusetts Housing Finance Agency.

Del Mar DataTrac, Inc. Again Named a Mortgage Technology 2010 Top 50 Service Provider
Thu, 05 Aug 2010 14:17:28 -0500 EST

SAN DIEGO, Calif. — Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, is among the 2010 Top 50 Service Providers listed by Source Media’s Mortgage Technology magazine.

Loan-Score Platform Helps Stearns Lending Grow Business
Thu, 05 Aug 2010 04:57:11 -0500 EST

IRVINE, Calif. — Loan-Score Decisioning Systems, an enterprise-class pricing and automated underwriting provider, announced that Stearns Lending, Inc., a national wholesale and retail mortgage banker, has grown its business by more than 65 percent since going live with its solution in early 2009. Stearns utilizes Loan-Score’s platform to automate pricing and underwriting for each of its 18 wholesale branches as well as its new affiliate branches.

International Document Services, Inc. Achieves Record Monthly Mortgage Document Package Volume in June
Mon, 02 Aug 2010 15:34:11 -0500 EST

SALT LAKE CITY, Utah — International Document Services, Inc. (IDS), a mortgage document preparation vendor, reached a corporate milestone in June – an all-time record volume of document packages processed in a single month.

Comergence Compliance Monitoring announces Realm 2.2 SaaS, a TPO Monitoring, Due Diligence Solution
Mon, 02 Aug 2010 11:10:55 -0500 EST

ORANGE, Calif. — Comergence Compliance Monitoring (CCM), a leading provider of third-party originator (TPO) risk management solutions and SaaS, announces the release of Realm Professional Edition 2.2 Product Suite. Realm 2.2 creates a more holistic TPO management system that enables wholesale, correspondent and reverse mortgage lenders to oversee and execute all TPO communication and administrative activities through a single electronic portal.

White Horse Advisors’ Navix is a 14-Step Process for Business Value Creation and Exit Planning
Mon, 02 Aug 2010 09:25:29 -0500 EST

ATLANTA, Ga. — White Horse Advisors, LLC, an independently-owned provider of financial advisory services to owners of closely-held businesses and retirement plan sponsors, announces the launch of Navix, a 14-step process for business value creation and exit planning.

Enterprise-class business intelligence provider HELM Analytics recognized as industry leader
Fri, 30 Jul 2010 07:23:54 -0500 EST

SAN DIEGO, Calif. — HELM Analytics, a business intelligence and analytics company, announced that it has earned a spot on Mortgage Technology magazine’s 2010 Top 50 Mortgage Technology Service Providers. The company has gained rapid momentum since launching operations in early 2009.

Loan Data Bridge for Mortgage Banker Regulatory and Investor Compliance Solution from DMD and CCMC
Mon, 26 Jul 2010 12:53:03 -0500 EST

SAN DIEGO, Calif. — Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and CCMC, Inc., the financial industry’s premier technology interface provider, have released the DMDBridge, a connectivity tool that automatically moves loan data from a lender’s third-party origination system to the DataTrac mortgage banking system of record.

CONIX Systems Technology President Frank Stokes says Financial Industry Improper Payments Reduction Plan Makes Sense
Thu, 22 Jul 2010 15:18:41 -0500 EST

MANCHESTER, Vt. — Franks Stokes, president of technology for CONIX Systems, Inc., a leading international provider of payment processing solutions to the financial services industry and pioneer in the acceleration of exception processing, agrees with the Obama Administration that reducing systemic drains on the Federal budget by better policing benefits and other types of payments to eliminate ‘improper payments’ will be a productive government debt reduction strategy.

Mortgage fulfillment outsource services expert Titan Lenders Corp Signs Nine Mortgage Bankers for Back Office and Fulfillment
Tue, 20 Jul 2010 11:49:36 -0500 EST

DENVER, Colo. — Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC) signed nine mortgage banker clients in the second quarter of 2010. TLC, a U.S.-based domestic mortgage fulfillment outsource operation, offers a parallel and variable cost alternative solution to lenders that maintain back office and warehouse line management operations.

Xcept Steering Committee Adds Five Bank Members for Accelerating Exception Processing
Fri, 09 Jul 2010 10:54:19 -0500 EST

MANCHESTER, Vt. — The Xcept Steering Committee, organized in the first quarter of 2010 by CONIX Systems, Inc., a leading international provider of payment processing solutions to the financial services industry and a pioneer in the creation of post-Check 21 exception management tools, has added five members representing the Bank of Oklahoma, Bank of the West, Marshall and Isley, and BB&T.

IDS Inc. Completes RESPA Disclosure Updates, Evaluates Lender and Settlement Agent Satisfaction
Wed, 30 Jun 2010 08:27:17 -0500 EST

SALT LAKE CITY, Utah — International Document Services (IDS), a mortgage document preparation vendor for closing documents, initial disclosures and reverse documents, has completed RESPA-related disclosures updates to its idsDoc doc prep platform to accommodate changes in the GFE and HUD-1, and evaluated responses from its Q2 customer survey.

SecuGen Hamster IV Fingerprint Reader Delivered to Kenya’s Largest Retail Bank
Tue, 29 Jun 2010 03:59:47 -0500 EST

SANTA CLARA, Calif. — SecuGen, the world’s leading optical fingerprint device vendor, is pleased to announce that CompuLynx, of Nairobi Kenya, has successfully integrated the SecuGen Hamster IV into the Account Holder Biometric Authentication and Identification System for one of the largest retail banks in Kenya.

BusinessCashAdvance Offers Alternative Financing to SBA Business Loans
Fri, 25 Jun 2010 09:03:31 -0500 EST

CORAL SPRINGS, Fla. — On April 15, President Barack Obama signed legislation to add $80 million to the Small Business Association (SBA) business loan programs, and effectively extend stimulus benefits through the end of May. But a recent study suggests that a significant majority of small business owners will remain uninterested. Instead, many are seeking financing alternatives, says BusinessCashAdvance.

Periodic Table of Mortgage Industry Acronyms for Lenders, Media, and Consumer Advocates posted by Titan Lenders
Thu, 24 Jun 2010 09:39:16 -0500 EST

DENVER, Colo. — Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC) has assembled and developed a glossary of mortgage industry terms in the format of a periodic table of acronyms posted to its Website. The page where the glossary is posted requires no user registration and the information is provided as an educational service to improve general understanding of the mortgage industry.

DMD Client Conference: 100 Mortgage Bankers View DataTrac 9.3 Product Suite and Loan Process Automation Development
Wed, 23 Jun 2010 13:40:27 -0500 EST

SAN DIEGO, Calif. — Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools unveiled its DataTrac 9.3 Product Suite to more than 100 mortgage bankers and vendor partners at its annual client conference in Las Vegas.

White Horse Advisors Completes Conversion to SEC Registered Investment Advisor
Fri, 18 Jun 2010 08:31:59 -0500 EST

ATLANTA, Ga. — White Horse Advisors, LLC, an independently-owned provider of financial advisory services to owners of closely-held businesses and retirement plan sponsors, is an SEC-registered investment advisor (RIA) as of March 9, 2010. White Horse Advisors joins a growing number of financial advisory representatives nationwide that are registering independently of broker-dealers.

CONIX Systems, Inc. and Data Support Systems to make Exception Day 1 Processing a reality
Thu, 17 Jun 2010 14:38:54 -0500 EST

MANCHESTER, Vt. — CONIX Systems, Inc. (CONIX), a leading international provider of payment processing solutions to the financial services industry and pioneer in the acceleration of exception processing and Data Support Systems (DSS), a leading provider of image-based back office payment processing solutions, have formed a partnership to accelerate exception processing across the banking industry.

Comergence Compliance Monitoring for TPO Due Diligence Solutions Chosen by Numerous Wholesale Lenders in 2010
Wed, 16 Jun 2010 15:02:41 -0500 EST

ORANGE, Calif. — Comergence Compliance Monitoring, a leading provider of third-party originator (TPO) monitoring and due diligence solutions, added five wholesale mortgage lenders to its client roster in May 2010.

Reverse Mortgage eGuide Now Available from Reverse Mortgage Direct LLC
Tue, 08 Jun 2010 02:56:36 -0500 EST

KIRKLAND, Wash. — Today Reverse Mortgage Direct, LLC (RMD), announces an online assessment tool that helps senior Americans determine whether a reverse mortgage can help with their financial challenges. The tool, ‘Reverse Mortgage eGuide,’ also lets seniors know if they qualify, and whether the financial instrument might be right for their situation.

BAI CONIX Webinar: Acceleration of Exception Payment Processing – The Next Big Thing
Fri, 04 Jun 2010 13:15:55 -0500 EST

MANCHESTER, Vt. — Banks that focus on reducing the impact of exception items in their payment processing operations by moving Day 2 processes to Day 1 can achieve decreased costs, more effective risk management, and improvements in auditory compliance, according to CONIX Systems, Inc., which developed content for the upcoming June 8 BAI webinar entitled, Acceleration of Exception Payment Processing: ‘The Next Big Thing.’

Accurate and Compliant e-Signatures for Doc Prep Services with idsDoc
Thu, 03 Jun 2010 03:58:28 -0500 EST

SALT LAKE CITY, Utah — International Document Services (IDS), a mortgage document preparation vendor for closing documents, initial disclosures and reverse documents, now offers its mortgage lender customers e-signature options through its flagship idsDoc platform.

Lending Platform from Del Mar DataTrac Integration with Document Express Enables Seamless Delivery of Loan Closing Products
Wed, 02 Jun 2010 16:13:50 -0500 EST

SAN DIEGO, Calif. — Del Mar DataTrac, Inc., the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, now offers a seamless integration developed by its document preparation partner Document Express enabling DataTrac users to order their initial disclosures, loan closing documents, and analysis without leaving the DataTrac screen.

CONIX Systems Exception Processing Acceleration Webinar Features Paul Carrubb and DSS President Carl Bortol
Thu, 27 May 2010 13:05:55 -0500 EST

MANCHESTER, Vt. — An upcoming June 8 BAI webinar entitled, Acceleration of Exception Payment Processing: ‘The Next Big Thing,’ will feature commentary by noted attorney and bank payments expert Paul Carrubba, BB&T payments executive Tim Dillow, and Data Support Systems President and Founder Carl Bortol.

Red Flag Rules Webinar to Prepare Lenders, Mortgage Brokers for June 1 Deadline for FTC Enforcement
Wed, 19 May 2010 09:54:46 -0500 EST

ORANGE, Calif. — For mortgage professionals and lenders affected by the June 1 enforcement of regulations enacted to stem the spread of identity theft and reduce personal identity fraud, Comergence Compliance Monitoring, a leading provider of third-party originator (TPO) monitoring and due diligence solutions, is conducting a complimentary Red Flag Rules educational webinar on Friday, May 21 from 10 to 11 a.m. PDT.

BAI Exception Payment Processing Acceleration Webinar June 8 Hosted by CONIX Systems Inc.
Tue, 18 May 2010 14:35:02 -0500 EST

MANCHESTER, Vt. — CONIX Systems, Inc., a leading international provider of payment processing solutions to the financial services industry and a pioneer in the creation of post-Check 21 exception management tools, will host the BAI webinar entitled, ‘Acceleration of Exception Payment Processing: ‘The Next Big Thing,” on June 8 at 1:00 p.m. CST/CDT.

MassHousing Selects Titan Lenders Corp For Mortgage Purchase Review Outsource Services
Mon, 17 May 2010 03:55:48 -0500 EST

DENVER, Colo. — Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC) has been chosen by the Massachusetts Housing Finance Agency (MassHousing) to provide outsourced mortgage purchase review services. MassHousing is an independent, quasi-public agency that provides financing for affordable housing in Massachusetts. TLC is a U.S.-based domestic mortgage fulfillment outsource operation that offers back office and warehouse line management operations.

Texas MBA 94th Annual Conference: DMD Exhibits DataTrac End-to-End Mortgage Lending Automation
Fri, 14 May 2010 09:51:59 -0500 EST

SAN ANTONIO, Texas — Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, is an exhibitor at the May 16-18 Texas MBA’s 94th Annual Conference in San Antonio (Booth 26). DMD experts will demonstrate and discuss specific loan production improvements for mortgage bankers seeking growth in a slow market.

Federal Reserve Bank official Michael Chriszt to speak at GABB Event May 25, 2010
Fri, 14 May 2010 08:41:23 -0500 EST

ATLANTA, Ga. — The recent U.S. economy rebound is expected to continue and housing looks to be bottoming out, Federal Reserve Bank official Michael Chriszt will tell the Georgia Association of Business Brokers at a meeting Tuesday, May 25. Michael Chriszt, an assistant vice president with the Federal Reserve Bank of Atlanta’s research department, thinks the current economic rebound is sustainable because most sectors are up.

Del Mar DataTrac ExTrac Helps Mortgage Bankers to Request Closing Funds and Pass Servicing Data
Tue, 04 May 2010 09:17:39 -0500 EST

SAN DIEGO, Calif. — Del Mar DataTrac(R), Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, has added four new DataTrac ExTrac options. These ExTracs facilitate the extraction, quality control and exchange of mortgage loan data between mortgage bankers and warehouse lenders or servicing vendors.

CONIX Systems President Frank Stokes will be on hand at TAWPI Fusion 2010 to address Exception Payment Processing
Mon, 03 May 2010 11:49:36 -0500 EST

DALLAS, Texas — Frank Stokes, president of technology, CONIX Systems, Inc., a leading international provider of payment processing solutions to the financial services industry and a pioneer in the creation of post-Check 21 exception management tools, asserts that the acceleration of check clearing due to the widespread adoption of remote deposit capture (RDC), image exchange, and ACH conversion has exposed banks to a new level of payments fraud and risk. Stokes will be on hand at TAWPI Fusion 2010 May 9-13 (booth #622).

John J. Cortale and Potomac Investments Manages Millions in Assets for Clients
Fri, 30 Apr 2010 13:22:38 -0500 EST

WASHINGTON, D.C. — Financial estate and planning expert, John J. Cortale, senior vice president of investments, Potomac Investments, has assembled a team of financial experts with more than 30 years of combined experience. Cortale’s team knows what it takes to work with individual investors as well as large organizations to provide customized solutions backed by solid, research-driven investment strategies.

HUD Memo on TPO Management is Good Starting Point for Development of Due Diligence Best Practices says Comergence Compliance
Wed, 28 Apr 2010 12:03:27 -0500 EST

ORANGE, Calif. — Greg Schroeder, president of Comergence Compliance Monitoring, a leading provider of third-party originator (TPO) monitoring and due diligence solutions, says he supports HUD’s move to eliminate FHA approvals for loan correspondents, thereby distancing itself from the risks inherent in the current management of this origination channel.

BusinessCashAdvance Fills Financing Void for Many Small Businesses
Mon, 26 Apr 2010 07:07:16 -0500 EST

CORAL SPRINGS, Fla. — With the outlook of traditional business credit markets remaining bleak, many small business owners are taking matters into their own hands, seeking out alternative means of finance, and this is proving to be a boon for the business cash advance industry according to BusinessCashAdvance.

Del Mar DataTrac End-to-End Lending Automation Solutions Chosen by Community Bank Mortgage Lenders
Thu, 22 Apr 2010 09:10:56 -0500 EST

SAN DIEGO, Calif. — Del Mar DataTrac(R), Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, added two community bank mortgage lenders to its client roster in March, 2010.

International Document Services Primary Capital Mortgage Collaborate to Streamline RESPA Disclosure
Wed, 14 Apr 2010 11:23:26 -0500 EST

SALT LAKE CITY, Utah — International Document Services (IDS) and Primary Capital Mortgage have teamed up to minimize the lender’s RESPA-related initial disclosures and closing document challenges. IDS is a mortgage document preparation vendor for closing documents, initial disclosures and reverse documents. Primary Capital Mortgage is an Atlanta based residential mortgage banking firm.

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