Banking and Finance

SAN DIEGO, Calif. /eNewsChannels/ -- Minnesota-based multi-state mortgage banker Summit Mortgage (Summit) has replaced its legacy point-of-sale (POS) technology with DataTrac Originator (DTO), recently released by Del Mar DataTrac, Inc. (DMD).

ORANGE, Calif. /eNewsChannels/ -- Greg Schroeder, president of Comergence Compliance Monitoring, a leading provider of third-party originator (TPO) monitoring and due diligence solutions, announces the release of CompEditor, a comprehensive tool to help Lenders manage their Loan Originator Compensation Agreements as required by Federal Regulation Z: Loan Originator Compensation and Steering.

SALT LAKE CITY, Utah /eNewsChannels/ -- International Document Services (IDS), a mortgage document preparation vendor, integrated risk-based pricing notices into the idsDoc system on January 1, 2011, per the deadline set in the December 2009 final ruling by the Federal Trade Commission (FTC) and the Federal Reserve Board (FRB).

DENVER, Colo. /eNewsChannels/ -- In accelerated growth mode throughout the year, Titan Lenders Corp (TLC) added eight mortgage lenders as clients in the second half of 2010, and experienced a twofold 2009 to 2010 volume increase. TLC offers a parallel and variable cost alternative solution to lenders that need to maintain back office and warehouse line management operations.

MINNEAPOLIS, Minn. /eNewsChannels/ -- DesignWise Medical, a nonprofit pediatric device organization, announced today that it has appointed DealPen, a professional corporate development advisory firm to guide DesignWise Medical on growth and capital formation strategies. With DealPen's leadership, DesignWise has established its Charter Campaign, a one-time sponsorship opportunity for individuals and organizations.

SAN DIEGO, Calif. /eNewsChannels/ -- Del Mar DataTrac (DMD) Director of Integrations Sandra Martz-Griebe has been elected to the MISMO Residential Governance Committee for the 2011 - 2012 term of office. According to MISMO, Griebe received the most votes and will serve as the committee's representative in the category of Origination Technology. DMD is the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, and loan process workflow tools.

BALTIMORE, Md. /eNewsChannels/ -- Fidelis Mortgage, a veteran-owned reverse mortgage business, announced this week that Eric Rittmeyer, president Fidelis Mortgage, was one of the first in the nation to receive the designation of Certified Reverse Mortgage Professional (CRMP) created by the National Reverse Mortgage Lenders Association (NRMLA).

SALT LAKE CITY, Utah /eNewsChannels/ -- International Document Services, a mortgage document preparation vendor, and Del Mar DataTrac, Inc., the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, have rebuilt their partner interface to improve mortgage lenders' experience with the idsDoc platform and the DataTrac loan origination system of record.

PALO ALTO, Calif. /eNewsChannels/ -- Virtual Law Partners LLP is very pleased to announce that Denise Zack has joined the firm's Commercial Lending practice. Ms. Zack joins VLP from the Virginia office of Cooley LLP, where she served as special counsel in the Credit Finance and Leasing Finance practice groups and represented both institutional lenders and company borrowers in debt financings.

MANCHESTER, Vt. /eNewsChannels/ -- After hunkering down throughout 2010 recovering from a sobering 2009, banks will resume technology investments in 2011, in part with an eye toward meeting new demands on their payments operations, according to CONIX Systems, Inc.

NEW YORK, N.Y. /eNewsChannels/ -- Plenty it turns out, according to Drs. Richard Peterson and Frank Murtha, whose behavioral finance consulting firm, MarketPsych LLC, has been analyzing data on the investor personalities of thousands of professional and retail stock pickers.

SALT LAKE CITY, Utah /eNewsChannels/ -- Supreme Lending, a full service mortgage banker, has selected International Document Services (IDS), a mortgage doc prep vendor, as its vendor of record for closing documents. As a full service mortgage banker with multi-state licenses, Supreme is able to provide customers with a wide variety of loan products, lower interest rates and closing costs and faster turnaround time.

SALT LAKE CITY, Utah /eNewsChannels/ -- Curt Doman, president of International Document Services, Inc. (IDS), a mortgage document preparation vendor, says lenders who have not adopted the Model Privacy Form are exposing themselves to unnecessary risk. Lenders are not required to adopt the Model Form and may, in fact, develop their own form to use.

SALT LAKE CITY, Utah /eNewsChannels/ -- International Document Services (IDS), a mortgage document preparation vendor, announced it has begun to phase out the Home Valuation Code of Conduct (HVCC) in response to an October 15 directive from Fannie Mae and Freddie Mac stating that the HVCC will no longer be the standard bearer for the protection of the home appraisal process beginning in 2011.

SAN DIEGO, Calif. /eNewsChannels/ -- Rob Katz, president of Del Mar DataTrac, Inc., an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, says that the most important lesson learned by mortgage lenders in 2010 is that loan origination has become the focal point for quality control.

SAN DIEGO, Calif. /eNewsChannels/ -- California-based full-service mortgage banker Pinnacle Capital Mortgage (Pinnacle) credits Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, with enabling its adoption of paperless lending, streamlining its underwriting processes and strengthening its wholesale channel.

LOS ANGELES, Calif. /eNewsChannels/ -- The United States Global Entrepreneurs Association (USGEA) is proud to announce that one of its corporate members, Vickers Financial Group, a leading Venture Capital firm emerged a winner on October 5th at the Inaugural Singapore Venture Capital and Private Equity Association (SVCA) Annual Awards Gala Dinner held at the Shangri-La Hotel.

SALT LAKE CITY, Utah /eNewsChannels/ -- International Document Services (IDS), a mortgage document preparation vendor, has been approved by Wells Fargo (NYSE: WFC) to provide mortgage documents via e-delivery to loan applicants. The approval covers e-delivery for all mortgage documents, but typically, initial and pre-disclosures are the primary documents submitted to loan applicants electronically.

SAN DIEGO, Calif. /eNewsChannels/ -- Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions has completed the integration of its rules-based workflow automation platform DataTrac with Fannie Mae's EarlyCheck(TM) service. This EarlyCheck integration is included in DataTrac release 9.3R3, available for mortgage lender implementation beginning October 28, 2010.

CLIFTON, N.J. /eNewsChannels/ -- In an effort to expand small business financing to businesses previously ignored by business cash advance companies, FastUpFront has changed its financing qualifications and removed its funding limit.

ORANGE, Calif. /eNewsChannels/ -- Comergence Insurance Services, a wholly owned subsidiary of third-party originator (TPO) risk management solutions provider Comergence Compliance Monitoring, announced it now offers fidelity and professional indemnity insurance to TPOs - the first of its kind within the industry.

SAN DIEGO, Calif. -- Del Mar DataTrac, Inc. (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business...

CORAL SPRINGS, Fla. -- More and more financial institutions are tightening belts when it comes to lending money. That's why the concept of receivables-based...

BOSTON, Mass. -- Smoked Goldeye Press this week announced the release of a children's picture book that aims to explain how new money from...

SALT LAKE CITY, Utah -- Curt Doman, president of International Document Services Inc. (IDS), a mortgage document preparation vendor for closing docs, initial disclosures...