Banking and Finance

Banking Industry News, Mortgage Finance, and Payment Processing

New UWM Escrow Advantage gives brokers ability to waive escrows up to 90 percent LTV on conventional products, with no M.I.

TROY, Mich. /eNewsChannels/ -- NEWS: UWM (United Wholesale Mortgage), the fourth largest wholesale mortgage lender in the U.S., today announced that it rolled out a new program that gives brokers the option to waive escrows up to 90 percent LTV, with no M.I., on all conventional products in all states.

United Shore Financial Services will name Mat Ishbia as new CEO of leading independent mortgage lender

TROY, Mich. /eNewsChannels/ -- USFS (United Shore Financial Services), one of the nation's leading independent mortgage lenders, today announced that Mat Ishbia will be appointed to the position of CEO for the company. Ishbia currently serves as both president of USFS and also its successful wholesale operation, United Wholesale Mortgage, which under his leadership has now become the fourth largest wholesale mortgage lender in the country.

LendingQB Cloud-based Loan Origination Software has Instant Support Feature that drives High Customer Satisfaction in New Performance Survey

COSTA MESA, Calif. /eNewsChannels/ -- LendingQB, an end-to-end provider of loan origination software (LOS), announced that a recent poll of its client base provided statistics that demonstrate the company's track record of providing "exemplary customer service and technical support." The survey was conducted to better understand what clients like most about LendingQB's support levels.

idsDoc Mortgage Document Preparation System Improves Productivity and Delivers Custom Docs to Mortgage Network Inc.

SALT LAKE CITY, Utah /eNewsChannels/ -- idsDoc, the flagship solution of mortgage document prep vendor International Document Services, Inc. (IDS, Inc.), has created significant savings for New England-based lender Mortgage Network, Inc., which reports added benefits from efficiency improvements and data integrity preservation since implementing the system.

Truebridge Financial Marketing says Banks are Flocking to Financial Education to Drive Sales

BOSTON, Mass. /eNewsChannels/ -- Truebridge Financial Marketing, which provides banks and credit unions with a financial education marketing system, today announced the addition of 28 new clients in just six months. More and more banks and credit unions are discovering that financial education, properly delivered, is a cost effective way to generate sales for all business lines, from deposits and loans to investments, insurance and trust.

LTC Partners and Insurance Services, LLC to provide long-term care education to member banks of the California Bankers Association

KIRKLAND, Wash. /eNewsChannels/ -- Following a recent announcement, LTC Partners and Insurance Services, LLC, will be providing long-term care education to member banks of the California Bankers Association (CBA), one of America's largest state banking trade organizations.

Mortgage Industry Veteran Chip Caldwell joins FirstClose as a VP

AUSTIN, Texas /eNewsChannels/ -- FirstClose, a recognized aggregator in the mortgage settlement services field, today announced that it has hired Chip Caldwell to manage the company's Southeast territory. The addition of Mr. Caldwell helps satisfy a growing demand for FirstClose's end-to-end settlement services offering and supporting technology solutions for use by mortgage lenders.

Mortgage Insurance Underwriting Guidelines added into LendingQB Automated Underwriting Engine

COSTA MESA, Calif. /eNewsChannels/ -- LendingQB, an end-to-end provider of loan origination software, announced that it has implemented the mortgage insurance (MI) companies' full set of underwriting guidelines into its automated underwriting system (AUS). As a result, MI eligibility and pricing is automatically calculated and paired with the investor's underwriting decision for a complete and accurate decision that is rendered instantly at the point-of-sale (POS).

International Document Services named by Mortgage Technology Magazine as a 'Top 50 Service Provider'

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS May 2, 2013: IDS, Inc. (International Document Services), a mortgage document preparation vendor, has made its third consecutive appearance on the 2013 Top 50 Service Providers list, issued by SourceMedia's Mortgage Technology magazine.

LendingQB Loan Origination Software helps Ventura County Credit Union Double its Volume

COSTA MESA, Calif. /eNewsChannels/ -- NEWS May 2, 2013: LendingQB, a provider of loan origination software, announced that since implementing its end-to-end loan origination system, California-based Ventura County Credit Union has been able to effectively manage rapid growth, maximize productivity across operations, cut originations costs and ensure excellence in member service.

Financial Services Marketing Firm, Truebridge Inc., welcomes Ken Wells as EVP of Relationship Marketing for Banking Industry

BOSTON, Mass. /eNewsChannels/ -- NEWS Apr 30, 2013: Truebridge, Inc., a Boston-based financial services marketing firm for banks and credit unions, has hired Ken Wells as EVP of Relationship Marketing. In this role, Ken will head up a new unit that helps financial institutions maximize the power of their retail organization to drive more revenue from multiple business lines.

Quandis Inc. named a Top 50 Service Provider for web-based mortgage technology, third year in a row

FOOTHILL RANCH, Calif. /eNewsChannels/ -- NEWS Apr 29, 2013: Today, Quandis, Inc., a leading provider of web-based default management technology solutions, announced that is has been recognized as a Top 50 Servicer Provider by Mortgage Technology magazine for the third consecutive year.

Annemaria Allen of The Compliance Group Inc named to California Mortgage Bankers Association Board of Directors

SAN MARCOS, Calif. /eNewsChannels/ -- NEWS Apr 26, 2013: Today, The Compliance Group, Inc., a leading mortgage compliance services provider, has announced that the California Mortgage Bankers Association recently named its CEO and president Annemaria Allen a director.

Nicole Delzer joins leading mortgage compliance services provider The Compliance Group

SAN MARCOS, Calif. /eNewsChannels/ -- NEWS Apr 22, 2013: The Compliance Group, Inc., a leading mortgage compliance services provider, has hired sales veteran Nicole Delzer as national sales director. Delzer's responsibilities will include new business development, as well as managing national sales pipeline and internal sales team.

Dr. Barry Eichengreen to guest on 'Market Wrap with Moe Ansari' radio show to discuss the ongoing Eurozone crisis

NEWPORT BEACH, Calif. /eNewsChannels/ -- On April 10, Dr. Barry Eichengreen will be the Guest Expert on 'Market Wrap with Moe Ansari,' a nationally syndicated radio show that analyzes Wall Street news and provides insight into the complexities of the stock market.

Mortgage document prep leader, International Document Services saw an unprecedented period of record month-over-month volume in 2012

SALT LAKE CITY, Utah /eNewsChannels/ -- IDS Inc. (International Document Services), a mortgage document preparation vendor, saw an unprecedented period of record month-over-month volume in 2012. In addition, the firm also experienced increased demand for its initial disclosure services.

Why Lenders are Challenged to Implement Loan Origination Technology Systems to be addressed at LendingQB Webinar

COSTA MESA, Calif. /eNewsChannels/ -- LendingQB, a provider of end-to-end loan origination SaaS, announced that it will be holding a free webinar on why lenders struggle to successfully implement new loan origination technology systems (LOS). The webinar will be held on March 27, 2013, at 1 p.m. Eastern Time.

Bank of Southern California acquires La Quinta office branch building from FDIC

SAN DIEGO, Calif. /eNewsChannels/ -- Today, after more than two years of leasing their La Quinta office, Bank of Southern California announced that they have acquired the space permanently from the FDIC. At the end of 2010, Bank of Southern California began leasing the space, as well as another location in Palm Springs, when it acquired the two branch offices from Palm Desert National Bank.

Union Bancorp and Riverview Financial jointly announced today that they have signed a definitive agreement to consolidate their respective holding companies

MARYSVILLE, Pa. /eNewsChannels/ -- Riverview Financial Corporation (Riverview) (OTCQB:RIVE / PINK:RIVE), the holding company for Riverview Bank, and Union Bancorp, Inc. (Union) (OTCQB:UBPT), the holding company for Union Bank and Trust Company, jointly announced today that they have signed a definitive agreement to consolidate their respective holding companies and merge their bank subsidiaries.

CONIX Systems Risk Detective Supports FFIEC Customer Due Diligence and Suitability Guidance for RDC

MANCHESTER, Vt. /eNewsChannels/ -- CONIX Systems, Inc. is introducing its Risk Detective(TM) solution for real time scoring of client eligibility in support of financial institutions' risk management strategies. Challenged to comply efficiently with FFIEC guidelines and to mitigate the risk associated with the expansion of payment options, financial institutions must carefully target the marketing and availability of these products only to customers who have been properly vetted.

Trustmark National Bank enhances its risk management infrastructure with CONIX Systems Fraud Detective

MANCHESTER, Vt. /eNewsChannels/ -- CONIX Systems, Inc., a leading international provider of payment processing solutions to the financial services industry, is pleased to announce that Trustmark National Bank (Trustmark) will add Fraud Detective(R) to the bank's payment processing operation. Trustmark, with approximately 220 branch locations in Alabama, Florida, Mississippi, Tennessee, and Texas, is a subsidiary of Trustmark Corp (NASDAQ:TRMK).

LendingQB lauded for Loan Origination System Implementation at OGI Mortgage Bankers in Los Angeles

COSTA MESA, Calif. /eNewsChannels/ -- LendingQB, a provider of end-to-end loan origination software, announced today that they successfully implemented their web-based, mortgage lending platform for OGI Mortgage Bankers, a fast-growing mortgage lender based in Los Angeles. Within seven weeks of signing a contract, OGI was able to launch and begin using a fully custom configured LendingQB platform immediately.

Property Valuation Fraud Risk Up 25 Percent Q4-2012, says latest Mortgage Fraud Risk Report from Interthinx

AGOURA HILLS, Calif. /eNewsChannels/ -- Interthinx, a Verisk Analytics (NASDAQ: VRSK) subsidiary, and a leading provider of comprehensive risk mitigation solutions for the financial services industry, has released its quarterly 'Mortgage Fraud Risk Report,' covering data collected in the fourth quarter of 2012.

The Predictive Analytics Group at Interthinx announces white paper: 'A Proven Approach to Stress Testing Consumer Loan Portfolios'

AGOURA HILLS, Calif. /eNewsChannels/ -- The Predictive Analytics Group at Interthinx, a Verisk Analytics (NASDAQ:VRSK) subsidiary, announced today the availability of a white paper outlining its recommendations for conducting stress testing on retail lending portfolios: 'A Proven Approach to Stress Testing Consumer Loan Portfolios.'

Author Ed Carlson to Discuss How to Time Stock Market Cycles on 'Market Wrap with Moe Ansari' Talkshow

NEWPORT BEACH, Calif. /eNewsChannels/ -- On Feb. 20, 'Market Wrap with Moe Ansari' will host Ed Carlson, author of 'George Lindsay's An Aid to Timing' (ISBN: 978-0615720371). There are many methodologies for deciding when to buy and sell in the stock market, and the right advice can be invaluable.