Banking and Finance

eNewsChannels NEWS: (DENVER, Colo.) -- On August 29, 2016. Redstone Bank made a generous donation of $50,000 to the Whiz Kids Program. The Whiz Kids program is an individualized tutoring program that has over 800 volunteers who tutor less fortunate students from schools throughout the Denver Metropolitan Area.

eNewsChannels NEWS: (SAN DIEGO, Calif.) -- Bank of Southern California N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today that it has signed a stock purchase agreement for a private placement of $7 million of the Bank's common stock with Castle Creek Capital, based in Rancho Santa Fe, California. The transaction is anticipated to close in the fourth quarter, subject to regulatory approvals and other standard closing conditions.

eNewsChannels NEWS: (POMPANO BEACH, Fla.) -- Leading web-based financial services quality control (QC) software provider ACES Risk Management (ARMCO) announced the release of ACESXPRESS(TM), an implementation and service package for the ACES Audit Technology platform designed specifically for small to mid-sized lenders.

eNewsChannels NEWS (SAN DIEGO, Calif.) -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, has announced that Jamie Hopkins, Esq., MBA, LLM, CLU(R), RICP(R), has joined its board of directors. A noted expert and frequent speaker on matters of financial planning and retirement income, Hopkins is also a distinguished professor who has educated thousands of financial services professionals over the course of his career.

eNewsChannels NEWS (SAN DIEGO, Calif.) -- Mortgage Capital Trading, Inc. (MCT), an industry leading hedge advisor and developer of MCTlive!(TM), the award-winning secondary marketing software suite, has entered into a strategic collaboration with Fannie Mae(R) to facilitate new technology deployment, collaborative planning, and better service to mutual clients.

eNewsChannels NEWS: (SALT LAKE CITY, Utah) -- MetaSource, the leading provider of mortgage quality control (QC), risk management, and workflow automation solutions, announced it has launched Mortgage.MetaSource.com, a new, integrated web site for its suite of mortgage-related products and services.

NEWS (SAN DIEGO, Calif.) -- Mortgage Capital Trading, Inc. (MCT), a leader in mortgage risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, announced that it has earned a spot on the 2016 Inc. 5000 list -- the sixth straight year. MCT had a three-year growth rate of 62 percent and annual revenue of $11.4 million for 2015.

NEWS (DENVER, Colo.) -- Altavera Mortgage Services (Altavera), the premier provider of third-party residential mortgage origination and closed loan review services, announced today that it has been named a preferred provider for Capital Markets Cooperative, LLC (CMC), a nationwide alliance of mortgage bankers.

NEWS (SAN DIEGO, Calif.) -- Bank of Southern California, N.A. (OTC Pink: BCAL) recently announced that it has completed the purchase of the deposits of the La Quinta branch of Opus Bank. The transaction closed on Friday, August 19, 2016. Customers of the Opus Bank La Quinta branch were consolidated into the existing La Quinta branch of Bank of Southern California. As of Monday, August 22, 2016, the former Opus Bank La Quinta customers now have access to all Bank of Southern California locations, including three Coachella Valley branches located in La Quinta, El Paseo-Palm Desert, and Rancho Mirage.

NEWS (ADDISON, Texas) -- Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode today announced it will purchase eNotes for loans closed electronically from approved sellers through its correspondent lending channel.

NEWS (SAN DIEGO, Calif.) -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, announced it has completed its integration with Informative Research, one of the nation's oldest and largest credit reporting agencies. The integration makes it faster and easier for users of RV Exchange (RVX) loan origination software (LOS) to order Premier Credit Report, Informative Research's version of the tri-merge credit report that has become the mortgage industry standard.

NEWS (SAN DIEGO, Calif.) -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced it will host its second annual user conference Feb. 8-10, 2017, at the Hilton San Diego Resort and Spa in San Diego, Calif. ReverseVision UserCon 2017 will deliver three days of educational programming, financial product sales training, networking opportunities and vendor exhibits tailored for industry newcomers as well as seasoned reverse mortgage loan originators and operations personnel.

NEWS (LANSDALE, Pa.) -- Global DMS, a leading provider of web-based compliant valuation management software, announced that its vice president of marketing, Jody Collup, has again been designated to the MReport's 2016 "Leading Ladies" in Mortgage and Housing list.

NEWS (SALT LAKE CITY, Utah) -- Mortgage document preparation vendor International Document Services (IDS), a division of The Reynolds and Reynolds Company, today announced its acquisition of Encomia, an established provider of electronic mortgage (eMortgage) solutions to depository and non-depository lending institutions

NEWS (PROVO, Utah) -- Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced the addition of five county recording offices across California, New Mexico, and Washington to its e-recording network, the nation's largest.

NEWS (ADDISON, Texas) -- Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode today announced the firm will begin purchasing delinquent FHA loans as part of its whole loan purchase program. To be eligible for purchase, loans must have an active mortgage insurance certificate, and the original terms of the note must remain unmodified.

NEWS (PROVO, Utah) -- Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced Vice President of Strategic Planning Nancy Alley has been recognized in the "Corporate Visionaries" category in the 2016 "Mortgage WOMEN in Technology" award from Mortgage WOMEN Magazine.

NEWS (SALT LAKE CITY, Utah) -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has hired Vince Wilson as compliance officer and assistant in-house counsel. In this role, Wilson will be responsible for maintaining both federal and state compliance matrices and implementing changes to IDS compliance audits based on new laws and regulations.

NEWS (SAN FRANCISCO, Calif.) -- EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced that Employee Benefit Adviser (EBA) has named Director of Retirement Rob Massa the "Retirement Advisor of the Year" and Senior Wellness Consultant Craig Schmidt the "Wellness Advisor of the Year" in the publication's 2016 Employee Benefit Advisers of the Year Awards.

NEWS (POMPANO BEACH, Fla.) -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced it has released its ARMCO Mortgage QC Industry Trends report, covering the first quarter of 2016. Using the Fannie Mae loan defect taxonomy, the report details the analysis of post-closing quality control data from loan files and findings captured by the ACES Analytics benchmarking system.

NEWS (NEW YORK, N.Y.) -- EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Michael Klaschka, a specialist in the placement of professional liability insurance for the financial services and technology industries, has joined the firm's Financial Risk Solutions Practice.

NEWS (POMPANO BEACH, Fla.) -- Leading web-based financial services quality control (QC) software provider ACES Risk Management (ARMCO) announced it has made improvements to its TRIDCompare(R) tool to aid lenders in resolving TRID compliance issues regarding change of circumstance. Using Optical Character Recognition (OCR) technology with a 95 percent or better accuracy rate, the system automatically detects data discrepancies between multiple Loan Estimates (LEs) and Closing Disclosures (CDs).

NEWS (SALT LAKE CITY, Utah) -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has introduced a fulfillment dashboard to its flagship mortgage document preparation system idsDoc. Through the dashboard, users have the ability to view, track and manage all document fulfillment requests to IDS through a single location.

NEWS (DENVER, Colo.) -- Altavera Mortgage Services (Altavera), a leading provider of outsourced residential mortgage origination services and home of the industry's most experienced staff of U.S.-based mortgage fulfillment experts, announced today it has hired Kimberly Joyce as senior vice president of sales. Kimberly brings 22 years of sales and business development experience to the role, in which she will oversee national sales for Altavera.

NEWS (POMPANO BEACH, Fla.) -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced it has hired Dan Thoms as Chief Revenue Officer. Thoms possesses a deep background in the mortgage industry, having served in executive capacities for almost 20 years.