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
docmagic and besmartee

DocMagic and BeSmartee Integrate a Fast, Fully Digital Application Process for Borrowers

eNewsChannels NEWS: (TORRANCE, Calif.) -- DocMagic, Inc., the mortgage industry's leading provider of document production, automated compliance and comprehensive eMortgage services, announced that it completed an integration with BeSmartee, a leader in mortgage automation technology.
Mortgage Collaborative

Mortgage Collaborative Welcomes LaNette Holley as Director of Strategic Initiatives

eNewsChannels NEWS: (SAN DIEGO, Calif.) -- The Mortgage Collaborative (TMC), the nation's only independent mortgage cooperative, announced the hiring of LaNette Holley as their Director of Strategic Initiatives. Holley comes to The Mortgage Collaborative with over 25 years of experience in the area of mortgage lending.
Mid America Mortgage

Mid America Mortgage Inc. Purchases $2.7B in Mortgage Servicing Rights

eNewsChannels NEWS: (ADDISON, Texas) -- Mid America Mortgage, Inc. (Mid America) announced today it has acquired the mortgage servicing rights (MSRs) for $2.7 billion in government loans. The portfolio includes a number of delinquent VA- and FHA-insured loans. The sale was completed at the end of March, and LoanCare, Mid America’s sub-servicer, will take possession of the purchased MSRs on May 2.
Bank of Southern California

Banking Expert Jim Paul Joins Bank of Southern California N.A. in Del Mar

eNewsChannels NEWS: (SAN DIEGO, Calif.) -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Jim Paul has joined the Bank as Vice President, Business Banking at the Del Mar Corporate office. He will primarily focus on building new client relationships for the bank.
Ventana Home Mortgage and OPENCLOSE

Ventana Home Mortgage Partners with OpenClose to Help Launch its New Mortgage Conduit Business

eNewsChannels NEWS: (WEST PALM BEACH, Fla.) -- OpenClose, an enterprise-class, multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that Ventana Home Mortgage, LLC a residential mortgage conduit aggregator with a focus on the non-QM market, has signed with the company to utilize its OC Correspondent(TM) module. The web-based, turnkey solution will fully automate Ventana's new conduit business, and is expected to do so in less than 45 days.
Cara Krause

MCT – Mortgage Capital Trading Adds Cara Krause to its Growing Calif. Sales Team

eNewsChannels NEWS: (SAN DIEGO, Calif.) -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced that Cara Krause has joined the company as regional sales director. Ms. Krause will handle business development efforts and client management for new lender clients in the Northeast region of the country.
ARMCO and BARRENT GROUP

ARMCO ACES Audit Technology Brings Efficiencies to The Barrent Group’s Mortgage Quality Assurance Offering

eNewsChannels NEWS: (POMPANO BEACH, Fla.) -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that its ACES (Automated Compliance and Evaluation System) Audit Technology has streamlined quality control (QC) loan reviews for The Barrent Group, a rapidly growing provider of outsourced loan quality assurance reviews and services. ARMCO's solution significantly reduces The Barrent Group's auditing times, reduces risk, ensures compliance and streamlines its mortgage quality control process for clients.
Mortgage Collaborative

The Mortgage Collaborative and Blend partner to Enhance Mortgage Experience with Automated Platform

eNewsChannels NEWS: (SAN DIEGO, Calif.) -- The Mortgage Collaborative, the nation's only independent mortgage cooperative, today announced a partnership with Blend, a Silicon Valley technology company bringing mortgages into the modern age, to deliver a digital mortgage experience that is fast, simple and secure to its network of small, mid-sized, and community-based lenders.
ReverseVision

ReverseVision Expands RV University with a 3-Day Live Training Course for Mortgage Lenders

eNewsChannels NEWS: (SAN DIEGO, Calif.) -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced the expansion of its RV University (RVU) education and training program with the addition of a three-day Accelerated Loan Originator Training course available live each month at ReverseVision's San Diego training facility.
MCT and PCLENDER

PCLender and Mortgage Capital Trading (MCT) Integrate Solutions and Services

eNewsChannels NEWS: (SAN DIEGO, Calif.) -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced that it has completed an integration between its secondary marketing solution and PCLender's loan origination system (LOS). The integration seamlessly transmits critical hedge pipeline data, saving time and enhancing information security.

WHAT'S NEWS