Banking and Finance

Banking Industry News, Mortgage Finance, and Payment Processing

Mortgage Document Preparation Vendor IDS inc. Creates Internal Team to Manage Prep System Integrations

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Utah-based mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has created an internal team devoted solely to developing and maintaining integrations between its flagship document preparation system, idsDoc, and its third-party partners.

MCT Trading MCTlive! wins Mortgage Technology magazine 2014 Release of the Year Award

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: MCT Trading, Inc., a recognized industry leader in risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, is pleased to announce that MCTlive!, MCT's best-in-class secondary marketing software platform, has been selected as the winner of Mortgage Technology magazine's 2014 Release of the Year Award.

Mortgage compliance services provider The Compliance Group names Jeremy Burcham as Chief Strategy Officer

CARLSBAD, Calif. /eNewsChannels/ -- NEWS: Leading mortgage compliance services provider The Compliance Group, Inc. (TCG) today announced it has hired Jeremy Burcham as Chief Strategy Officer. Bringing nearly 14 years of quality control and operations experience, Burcham will be responsible for formulating, facilitating and communicating TCG's plans for the future.

Mark Gustafson Named Market Exec at Bank of Southern California’s Coachella Valley Region

PALM DESERT, Calif. /eNewsChannels/ -- NEWS: Bank of Southern California today announced that seasoned community banker, Mark Gustafson has been appointed to lead the bank's Coachella Valley region. Mr. Gustafson most recently served as Market President for First California Bank which was sold and merged into Pacific Western Bank. He also served as President and CEO of Canyon National Bank, Ogden BancShares, Inc

OpenClose is adding technical staff to effectively manage a growing demand for its browser-based LOS platform

WEST PALM BEACH, Fla. /eNewsChannels/ -- NEWS: OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that it is adding technical staff to effectively manage a growing demand for its browser-based LOS platform, LenderAssist(TM), and accompanying solutions. Amid a down market, OpenClose is having its best revenue growth year in company history.

Mortgage Document Volume Indicates Spike in HELOCs in 2014, says International Document Services, Inc.

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: According to document volume data from mortgage document preparation vendor International Document Services, Inc. (IDS), home equity lines of credit (HELOCs) have increased significantly among IDS customers in 2014.

MCT Trading a finalist for the 2014 ‘Release of the Year’ Award

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: MCT Trading, Inc., a recognized leader in mortgage pipeline hedging, loan sale execution and risk management services, today announced that it has been chosen by Mortgage Technology magazine as a finalist for the 2014 'Release of the Year' Award.

eValuation ZONE, Inc. announces launch of their new USPAP compliant product eVal 1.0

CHICAGO, Ill. /eNewsChannels/ -- NEWS: National valuation services provider, eValuation ZONE, Inc., today announced the launch of its new USPAP compliant product eVal 1.0, a hybrid valuation report utilized for a variety of programs such as HELOCs, REOs, as well as purchases and refinances for non-agency and portfolio programs.

National Retirement Programs announced The Pension Inspector Adds Free Multi Year Tools

NEW YORK, N.Y. /eNewsChannels/ -- NEWS: National Retirement Programs, Inc., the sponsor of the Atprime Pension Inspector(TM) Suite, today announced free 5 year downloads of actual Plan Sponsor Filed Form 5500 plus Yearly Plan Alerts, Plan Provision Descriptions, and Participant Classification Rosters.

ARMCO Pioneers Mortgage Industry Quality Control Benchmarking Solution, ACES Analytics

POMPANO BEACH, Fla. /eNewsChannels/ -- NEWS: ARMCO - ACES Risk Management, a leading provider of web-based audit technology for the financial services industry, has announced the launch of ACES Analytics(TM), a business intelligence tool that will, for the first time, allow mortgage professionals to benchmark quality control results against industry peers. The benchmarking service is now available to ARMCO clients.

International Document Services announces launch of Mortgage Compliance Resource Center for Doc Prep Clients

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document prep vendor International Document Services, Inc. (IDS) today announced it has launched a comprehensive Resources website within its flagship doc prep system idsDoc. The main feature of the site, a compliance-focused blog authored by IDS Compliance Officer Jonathan Johnson, was made available to clients through the idsDoc doc prep platform.

The Compliance Group Inc Grows Business by 20 Percent in Q2-2014

CARLSBAD, Calif. /eNewsChannels/ -- NEWS: The Compliance Group, Inc. (TCG), a Leading mortgage compliance services provider, today announced it has increased its roster of clients by 20 percent in the second quarter of 2014. This crop of new business includes a mix of mortgage lenders, retail and community banks and credit unions.

International Document Services Passes AICPA SOC 2 Audit of Mortgage Doc Prep Services

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document preparation vendor International Document Services, Inc. (IDS) today announced that it has passed its first Service Organization Control (SOC) 2SM audit with no exceptions. According to the American Institute of CPAs (AICPA), the organization that created the audit, SOC 2's purpose is to assess the 'controls at a service organization relevant to security, availability, processing integrity confidentiality, or privacy.'

CCMC Inc. names Matthew Borg as new CFO, will help expand IT solutions to financial institutions across the U.S.

ALTAMONTE SPRINGS, Fla. /eNewsChannels/ -- NEWS: CCMC Inc., a leading provider of financial technology integration solutions, today announced the appointment of Matthew Borg as Chief Financial Officer. He will report to President and Chief Executive Officer Gene Lederer.

OpenClose LenderAssist LOS Establishes Secondary Marketing Transparency and Control

WEST PALM BEACH, Fla. /eNewsChannels/ -- NEWS: Florida-based OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, today announced that lenders are successfully using the secondary marketing component of its LOS, LenderAssist(TM), to deliver greater insight and control for secondary marketing departments.

International Document Services adds Multi-Browser Compatibility in idsDoc Mortgage Doc Prep System Redesign

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document preparation vendor International Document Services, Inc. (IDS), announces its flagship doc prep system idsDoc is now compatible with the three major Internet browsers -- Google Chrome, Microsoft Internet Explorer and Mozilla Firefox. According to research firm StatCounter Global Stats, these three browsers accounted for 78 percent of the market in the United States in 2013.

Quandis updates military search service, identifies multiple name variations of borrowers which could have active duty status in the U.S. military

FOOTHILL RANCH, Calif. /eNewsChannels/ -- NEWS: Quandis, Inc., a leading provider of mortgage servicing software, announces that it rolled out a new feature within its existing military search service that identifies multiple name variations of borrowers which could have active duty status in the U.S. military. If in default but on active duty, certain rules prohibit foreclosure. This comprehensive search reduces the risk of missing a name and potentially failing to comply with the Servicemembers Civil Relief Act (SCRA) of 2003.

International Document Services, Inc. adds Paul Morton as Compliance Officer for CFPB Mortgage Disclosure

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Utah-based Mortgage document preparation vendor, International Document Services, Inc. (IDS), today announced it has expanded its compliance team with the addition of Paul Morton as compliance officer and assistant in-house counsel.

Mortgage Technology magazine honors Quandis Inc. as a Top 50 Service Provider for the fourth year in a row

FOOTHILL RANCH, Calif. /eNewsChannels/ -- NEWS: Quandis, Inc., a leading provider of mortgage servicing software, announced that Mortgage Technology magazine honored the company as a 2014 Top 50 Service Provider; for the fourth year in a row. As an annual list, the Top 50 Service Providers puts particular emphasis on a mortgage industry vendor's achievements over the past 12 months.

International Document Services Inc. Makes Fourth Appearance on Mortgage Technology 'Top 50 Service Provider' List

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document preparation vendor International Document Services, Inc. (IDS) today announced it has made its fourth consecutive appearance on the Top 50 Service Providers list, issued by SourceMedia's Mortgage Technology magazine.

Pennsylvania's Riverview Financial Corporation Announces Second Quarter Cash Dividend (OTCQB:RIVE)

HALIFAX, Pa. /eNewsChannels/ -- NEWS: Riverview Financial Corporation (OTCMKTS:RIVE / OTCQB:RIVE) today announced that on May 14, 2014 its Board of Directors declared the payment of a cash dividend of $0.14 per share for the second quarter 2014, an increase of 12 percent as compared with the $0.125 cash dividend paid for the second quarter of 2013. The dividend is payable on June 30, 2014 to all shareholders of record as of June 6, 2014.

Expanded Portfolio Review Service for current home values, liens and encumbrances announced by FirstClose

AUSTIN, Texas /eNewsChannels/ -- NEWS: FirstClose, an Austin, Texas-based mortgage technology service provider, today announced the expansion of its Portfolio Review Service for current home values, liens and encumbrances. Lenders can now access a detailed asset valuation that meets compliance requirements, but also exceeds expectations with a summary of the featured properties' transactional histories.

MCT Trading announces MCTlive, a secondary marketing technology platform designed for capital markets trading and pipeline management

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: MCT Trading, Inc., a recognized leader in mortgage pipeline hedging, loan sale execution, and risk management services, today announced the formal launch of MCTlive, a secondary marketing technology platform designed for capital markets trading and pipeline management.

Phil Rasori will moderate session 'Liquidity Challenges for Smaller Lenders' at MBA show in NYC

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: Mortgage Capital Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, today announced that its COO, Phil Rasori, will moderate and drive a panel session entitled 'Liquidity Challenges for Smaller Lenders' at the Mortgage Bankers Association's Annual Secondary Marketing Conference in New York City on May 20.

International Document Services achieves consistent growth with expanding Compliance E-sign Adoption

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document preparation vendor International Document Services, Inc. (IDS) announced more than half (51.6 percent) of all document packages it processed in 2013 were signed electronically. In addition, following the IRS's approval of electronically signed 4506-T documents in late 2012, 18.5 percent of all 4506-T documents processed by IDS were E-signed in 2013.