Banking and Finance

Banking and Finance

Banking Industry News, Mortgage Finance, and Payment Processing

Banking and Finance

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

Emilio N. Francisco of PDC Capital announces firm to raise $45M for biodegradable cleaning products co. using EB-5 funds

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.

Quandis Inc. announces Quandis Loan Servicing SaaS to automate the lifecycle of loans in default

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.

MBA Technology Conference’s First-Ever Tech Showcase to include QC Benchmarking Tool ACES Analytics

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.

ShortSave CEO Karl Falk Points Servicers to Borrower Self-Service Technology for CFPB Compliance

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.

Strategic capital and analytics solution provider MorVest Capital says recent changes on FHA loans will impact mortgage servicing

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.

DocMagic Inc. has completed its integration with the MERS eRegistry

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.

Reverse mortgage industry leader ReverseVision, Inc. welcomes Wendy Peel as VP Sales and Marketing

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.

Loan document preparation firm DocMagic Inc. implements MISMO Version 3.3

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.

Mark Mackey named CEO of mortgage document preparation vendor International Document Services, Inc.

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.

Bank of Southern California N.A. (OTC:FBBN) completed private placement of approximately $7.2 million of its common stock

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.

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