Banking and Finance

Banking Industry News, Mortgage Finance, and Payment Processing

Lean Lending takes a holistic approach to mortgage lending that is comprised of three core components, says LendingQB

COSTA MESA, Calif. /eNewsChannels/ -- NEWS: LendingQB, a provider of web-based loan origination software, today announced that it has officially launched its Lean Lending methodology for the mortgage industry. Lean Lending is a technology strategy that enables lending entities to streamline processes, ensure compliance, and drive continuous organizational improvement.

Shore Mortgage Expands to Offer Home Loans in All 50 U.S. States

TROY, Mich. /eNewsChannels/ -- NEWS: Shore Mortgage, a direct-to-consumer online mortgage lender focused on service and speed, today announced that the firm is licensed to originate and service mortgages in all 50 states. This makes Shore Mortgage, a division of United Shore Financial Services (USFS), part of a select group of direct lenders with nationwide coverage.

International Document Services Inc integrates Mortgage Compliance Solution idsDoc with OpenClose LenderAssist Loan Origination Software

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: IDS, Inc. (International Document Services), a nationwide provider of mortgage documents and compliance, today announced an integration of its mortgage document preparation system, idsDoc with OpenClose's LenderAssist Web-based, mortgage banking and loan origination software (LOS).

International Document Services completes first stage of idsDoc portal upgrade for CFPB Dodd-Frank Changes

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document preparation vendor International Document Services, Inc. (IDS, Inc.), today announced it has completed the first two phases of its planned changes to its flagship document preparation system idsDoc in preparation for the Dodd-Frank changes set to be implemented by the Consumer Financial Protection Bureau in January 2014.

UWM announces Exclusive Underwriter tool made available to mortgage brokers to instantly calculate borrower income

TROY, Mich. /eNewsChannels/ -- NEWS: United Wholesale Mortgage, the fourth largest wholesale mortgage lender in the U.S., today announced that it has custom developed an Income Calculator for brokers to accurately determine a borrower's wages on the 1003 application.

IDS, Inc. again named a Mortgage Technology 'Lenders Choice Award' Finalist for 2013

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document preparation vendor International Document Services, Inc. (IDS, Inc.), has been named a finalist for Mortgage Technology's 2013 Lenders' Choice Award. IDS was the winner of the 2012 Lenders' Choice Award.

CCMC and D+H Mortgagebot integrate middleware with cutting-edge loan origination system

ALTAMONTE SPRINGS, Fla. /eNewsChannels/ -- NEWS: CCMC Inc., the leading provider of integration solutions for financial systems, and D+H Mortgagebot, have entered into a strategic partnership to provide seamless connectivity between Mortgagebot EnterpriseLOS(R) and all major core processing systems. With the new, advanced integration, lenders have an automated end-to-end solution that dramatically reduces processing time and costs.

Ecologic Leasing Services re-brands as LeaseAccelerator Services for better alignment with its financial SaaS

WASHINGTON, D.C. /eNewsChannels/ -- NEWS: Ecologic Leasing Services today announced it is changing its name to LeaseAccelerator Services. The new name more closely unifies the asset-centric lease accounting SaaS for lessees with the company behind it. The change is effective immediately.

FirstClose adds Exclusive Ding Guard from Dent Wizard as option for consumer auto loans

ST. LOUIS, Mo. /eNewsChannels/ -- NEWS: Dent Wizard International, a leader in automotive cosmetic reconditioning, today announced an arrangement with FirstClose, an online service for loan originators, which will allow users of FirstClose to offer consumers an automobile appearance service plan - called Ding Guard - as part of their auto loan.

Lisette Rodriguez named COO at Venta Financial Group, Inc.

LAS VEGAS, Nev. /eNewsChannels/ -- NEWS: Venta Financial Group, Inc., a wholesale and retail mortgage banker, today announced that Lisette Rodriguez has joined the company as Chief Operating Officer. Ms. Rodriguez holds extensive experience in managing operations for a variety of different mortgage lending organizations

The Compliance Group Inc is helping Mortgage Lenders prep for their third-party 2014 compliance strategies and budgets

CARLSBAD, Calif. /eNewsChannels/ -- NEWS: Mortgage compliance services provider The Compliance Group, Inc. announces third party services management, including management of appraisal management companies (AMCs) for mortgage bankers, and the mortgage lending operations of community banks and credit unions.

LendingQB and IDS, Inc. Create 'Lights Out' Mortgage Doc Prep LOS Integration

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document preparation vendor IDS, Inc. (International Document Services), and end-to-end loan origination system (LOS) provider LendingQB today announce the development of a joint interface designed to create a fluid integration between the LendingQB LOS and idsDoc solution.

Banking Executive Kevin McGuire Joins Bank of Southern California

PALM DESERT, Calif. /eNewsChannels/ -- NEWS: The Bank of Southern California, N.A. announces that former Palm Desert National Bank CEO and Chairman, Kevin McGuire has been appointed to lead the bank's Coachella Valley, Calif. region. Mr. McGuire currently serves as Special Assistant to the Chancellor at UC Riverside, Palm Desert Campus.

Mark Ciolfi joins Venta Financial Group Inc as EVP in Las Vegas

LAS VEGAS, Nev. /eNewsChannels/ -- NEWS: Venta Financial Group, Inc., a wholesale and retail mortgage banker, announced that it hired Mark Ciolfi as executive vice president (EVP). As EVP, Mr. Ciolfi's primary focus will be to help Venta increase its production on a national level through strategic expansion into new regions,

California's Quandis Inc welcomes new developers, business analysts, project managers and support staff as part of 2013 growth

FOOTHILL RANCH, Calif. /eNewsChannels/ -- NEWS: Quandis, Inc., a leading provider of default management technology solutions, today announced that it has hired technical staff members across the board to prepare for a growing demand for its lending industry SaaS applications.

LendingQB Loan Origination Software aids Venta Financial to Automate Lending Operations

COSTA MESA, Calif., /eNewsChannels/ -- NEWS: LendingQB, a provider of end-to-end loan origination software, today announced that Venta Financial Group, Inc., a wholesale and retail mortgage banker, has experienced stellar results since implementing its browser-based end-to-end loan origination system (LOS).

Michigan's United Wholesale Mortgage Named a Top 25 Tech-Savvy Lender for 2013

TROY, Mich. /eNewsChannels/ -- NEWS: Michigan-based United Wholesale Mortgage, a leading wholesale lender licensed in all 50 states, announced that Mortgage Technology magazine named the company to its 'Top 25 Tech-Savvy Lenders and Servicers' list for the third year in a row. UWM says its technology is a key component to it being one of the fastest growing, most service-oriented wholesale lenders in the country.

Silver Bullet Consulting announces launch of BoostCredit101 to Help Clients Improve Credit Scores

DENVER, Colo. /eNewsChannels/ -- NEWS: Denver's Silver Bullet Consulting, LLC this week announced the launch of BoostCredit101, a business that provides its clients with the ability to improve credit scores by up to 150 points.

MCT Trading, Inc. named a 2013 Top 100 Fastest-Growing Private Company

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: MCT Trading, Inc., a leader in mortgage pipeline hedging and risk management services, announced that it has been named to the San Diego Business Journal's 2013 'Top 100' annual fastest-growing private companies list, with a specific ranking of 24. Organizations that earned a spot on the list were honored at a recent awards ceremony held at the Paradise Point Resort and in San Diego.

Jeff Ishbia of United Shore Financial Services Wins Ernst & Young's Master Entrepreneur of the Year Award

TROY. Mich. /eNewsChannels/ -- NEWS: USFS (United Shore Financial Services), one of the nation's largest and fastest growing mortgage lenders, announced today that its founder and chairman, Jeff Ishbia, won Ernst & Young's 2013 Entrepreneur Of The Year Award for the Michigan and Northwest Ohio region.

Truebridge Inc. announces launch of the Business Answer Center, a new marketing system for Banks and Credit Unions

BOSTON, Mass. /eNewsChannels/ -- NEWS: Truebridge Inc. announced today the launch of the 'Business Answer Center,' a new marketing system that provides the bank and credit union clients of Truebridge with an innovative way to deliver financial education to their business customers and generate sales at the financial institutions.

Mortgage compliance services leader The Compliance Group Relocates California Offices as part of Expansion to Meet Demand

CARLSBAD, Calif. /eNewsChannels/ -- NEWS: California-based mortgage compliance services provider The Compliance Group, Inc., has relocated from its original San Marcos, Calif.-location into a larger office space, located at 1901 Camino Vida Roble, Ste. 115 in Carlsbad. According to Annemaria Allen, president of The Compliance Group, increased activity in the regulatory sector was a driving factor in the decision to move.

Mortgage Technology Company, Quandis Inc., Celebrates its 10th Anniversary serving Banks, Servicers, and Foreclosure Attorneys

FOOTHILL RANCH, Calif. /eNewsChannels/ -- NEWS: Headquartered in Foothill Ranch, California, Quandis, Inc., a leading provider of default management technology solutions, today announced its tenth anniversary in the mortgage industry. Quandis was founded in June of 2003 with the mission of engineering innovative software applications for a variety of organizations in the default servicing space.

United Wholesale Mortgage launches UWM Connect which identifies potential business activity, sending B2C leads to brokers

TROY, Mich. /eNewsChannels/ -- NEWS: United Wholesale Mortgage today announced that it has made available a free service designed to generate more business for its brokers. The service, dubbed UWM Connect, monitors borrower credit pulls for activity to funnel potential B2C leads back to brokers that have previously completed deals with them.

LendingQB and and DocuTech have formed a partnership to integrate their mortgage technology platforms

COSTA MESA, Calif. /eNewsChannels/ -- NEWS: LendingQB, a provider of end-to-end loan origination software (LOS), and DocuTech, a leading provider of enterprise-class compliant document preparation software, announced today that they have formed a partnership to integrate their platforms. LendingQB's browser-based LOS is now seamlessly integrated with DocuTech's ConformX system.