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

New ARM Product added to Exclusive Elite Program by United Wholesale Mortgage

TROY, Mich. /eNewsChannels/ -- NEWS: United Wholesale Mortgage, one of the nation's largest and fastest growing wholesale lenders, announced today the release of Elite ARM, a new loan product that has been added to its Elite and Elite High Balance program.

2015 is the Beginning of Broker Resurgence – Brokers Gaining Market Share Again

TROY, Mich. /eNewsChannels/ -- NEWS: Michigan-based United Wholesale Mortgage, one of the nation's largest and fastest growing wholesale lenders, announced that its president and CEO, Mat Ishbia, will be speaking on a webinar regarding brokers gaining market share in 2015. The webinar will be held March 18, 2015 from 11 a.m. - 12 p.m. PDT (2 - 3 p.m. EDT).

DocMagic Inc. Named to HousingWire 2015 HW TECH100 List

TORRANCE, Calif. /eNewsChannels/ -- NEWS: DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that HousingWire magazine designated the company to its 2015 HW TECH100(TM) list. The list honors the 100 most innovative technology companies serving the U.S. mortgage finance and real estate industries.

HousingWire names Veros Real Estate Solutions the HW Tech100 ‘Market Influence’ Winner for 2015

SANTA ANA, Calif. /eNewsChannels/ -- NEWS: Veros Real Estate Solutions, an industry leader in enterprise risk management, collateral valuation services and predictive analytics, today announced today that it has been named the winner of the 'Market Influence' category in the 2015 edition HousingWire HW TECH100 list.

ReverseVision updates its RV Exchange LOS including all Financial Assessment critical screens and calculations

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: ReverseVision, Inc., a leading software and technology provider for the reverse mortgage industry, has released an update to their RV Exchange LOS that includes all Financial Assessment critical screens and calculations. This release was targeted to meet the Department of Housing and Urban Development's (HUD's) original Financial Assessment (FA) implementation date of March 2, 2015.

United Wholesale Mortgage Enhances its UTRACK Loan Tracking Technology for Wholesale Lenders

TROY, Mich. /eNewsChannels/ -- NEWS: United Wholesale Mortgage (UWM), one of the nation's largest and fastest growing wholesale lenders, announces that it has significantly enhanced its loan tracking technology called UTrack, which was redesigned specifically to allow borrowers and real estate agents to have real-time access to track their purchase and refinance loans.

Pat Brown named Project Manager for SummerPlace Development by PDC CEO Emilio N. Francisco

COSTA MESA, Calif. /eNewsChannels/ -- NEWS: Emilio N. Francisco, Chairman and Chief Executive Officer of private equity firm PDC Capital Group, this week announced that Mr. Pat Brown is joining senior housing real estate company SummerPlace Development as Project Manager overseeing the development of SummerPlace Assisted Living and Memory Care projects.

Financial compliance expert Joanna Shelton joins Mid America Mortgage, Inc.

ADDISON, Texas /eNewsChannels/ -- NEWS: Mid America Mortgage, Inc. today announced it has hired financial compliance expert Joanna Shelton as the company's next compliance manager. In addition, Shelton will oversee compliance for Mid America's sister company Mortgage Machine Service and its flagship loan origination system (LOS) Mortgage Machine. Shelton brings more than 19 years of compliance expertise to Mid America.

Despite 2015 HUD Financial Assessment Changes in Mortgage Industry, ReverseVision on Track

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: John Button, CEO of leading reverse mortgage software and technology provider ReverseVision, says the Department of Housing and Urban Development's (HUD) decision to delay implementation of its Financial Assessment (FA) rules provides a better opportunity for lenders to get the required technology changes including: ReverseVision's, HUD's and other systems implemented into their processes.

Emilio N. Francisco of PDC Capital announces firm to raise $45M for biodegradable cleaning products co. using EB-5 funds

COSTA MESA, Calif. /eNewsChannels/ -- NEWS: Emilio N. Francisco, Chairman and Chief Executive Officer of private equity firm PDC Capital Group, today announced that PDC is raising $45 million in EB-5 immigrant investor funds to assist biodegradable organic chemical products firm Clear Currents, Inc.

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