Banking and Finance

Banking Industry News, Mortgage Finance, and Payment Processing

QUALIA Report

Qualia Labs and Stewart Partner to Enhance Title Agent Experience

eNewsChannels NEWS: (SAN FRANCISCO, Calif.) -- Qualia, the fastest growing provider of title settlement software, announced it has completed an integration with Stewart, a leading provider of title insurance. Through the integration with Stewart Access, title agents will be able to obtain Stewart rate information, create title policy jackets and issue Closing Protection Letters (CPLs) directly within Qualia.
Tony DiVita

Bank of Southern California, NA (BCAL) Promotes Tony DiVita to Chief Banking Officer

eNewsChannels NEWS: (SAN DIEGO, Calif.) -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Tony DiVita has been promoted to the role of Executive Vice President, Chief Banking Officer. In his expanded role, he will continue to oversee new business origination and customer retention efforts, the Small Business Administration (SBA) Group, and bank marketing.
OpenClose

OpenClose LOS and Correspondent Platform Fuels Record Company Growth

eNewsChannels NEWS: (WEST PALM BEACH, Fla.) -- OpenClose, an enterprise-class loan origination system (LOS) provider, reports that it is experiencing the highest level of growth in company history. The company attributes the bulk of its growth to an increasing demand for its comprehensive LenderAssist(TM) LOS that has true multi-channel capability along with its turnkey correspondent module, OC Correspondent(TM).
FormFree

FormFree Among ‘Best in Show’ at Digital Mortgage Conference

eNewsChannels NEWS: (ATLANTA, Ga.) -- FormFree today announced it was selected as one of the top demos of the inaugural Digital Mortgage Conference, presented by National Mortgage News and held December 8-9, 2016, in San Francisco.
DocMagic

Dominic Iannitti Named to 2016 HousingWire Vanguard Award List for Major Industry Contributions

eNewsChannels NEWS: (TORRANCE, Calif.) -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that president and CEO, Dominic Iannitti, was honored by HousingWire with its 2016 Vanguard Award, which recognizes top mortgage executives for professional accomplishments and for their positive impact on the industry at-large.
OpenClose

MCT and OpenClose Launch New Integration to Optimize Loan Hedge Positions for Lenders

eNewsChannels NEWS: (PALM SPRINGS, Calif.) -- Independent Mortgage Bankers Conference -- OpenClose(R) an enterprise-class, multi-channel loan origination system (LOS) provider, and Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, jointly announced they developed an integration that eliminates manual intervention and streamlines the delivery of loan data to maximize hedging for lenders.
Mortgage Capital Trading

MCT’s Chris Anderson named to 2016 Top 40 Under 40 List in Mortgage Industry

eNewsChannels NEWS: (SAN DIEGO, Calif.) -- Mortgage Capital Trading, Inc. (MCT), an industry leading hedge advisory firm and developer of MCTlive!(TM), the award-winning secondary marketing software suite, announced that its chief administrative officer, Chris Anderson, has been honored by National Mortgage Professional (NMP) magazine's 2016 on its "Top 40 Most Influential Mortgage Professionals Under 40 List."
SIMPLIFILE

Simplifile Integrates Collaboration Services with LendingQB

eNewsChannels NEWS: (PROVO, Utah) -- Simplifile, a leading provider of real estate document and data collaboration and recording technologies for lenders, settlement agents, and counties, today announced the integration of its Collaboration and Post Closing services with LendingQB, a provider of 100 percent web browser-based, end-to-end mortgage loan origination software.
SIMPLIFILE

Freedom Mortgage Now Using Simplifile eCollaboration Service

eNewsChannels NEWS: (PROVO, Utah) -- Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that Freedom Mortgage has begun using the Simplifile Collaboration service in its wholesale division to quickly and easily exchange data with its settlement partners.
Bank of Southern California

Bank of Southern California NA (BCAL) Completes $7M Capital Offering and Announces New Board of Directors

eNewsChannels NEWS: (SAN DIEGO, Calif.) -- Bank of Southern California, N.A. (OTCMKTS:BCAL) announced that it has completed a capital raise of $7 million through a stock purchase agreement of the Bank's common stock with Castle Creek Capital, based in Rancho Santa Fe, California.
SIMPLIFILE

Wyoming Authorizes E-recording Statewide, Four New Counties Adopt Simplifile

eNewsChannels NEWS: (PROVO, Utah) -- Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that four new Wyoming counties have joined Simplifile's e-recording network following the January 1 passage of a law authorizing e-recording statewide.
OpenClose

OpenClose’s JP Kelly Named to HW 2016 Vanguard Award List

eNewsChannels NEWS: (WEST PALM BEACH, Fla.) -- OpenClose, an enterprise-class, multi-channel loan origination system (LOS) provider, announced that HousingWire honored its president, JP Kelly, with its second annual Vanguard Award. The list recognizes highly successful executives who are making a positive difference in their respective fields across the mortgage industry.
Global DMS

Vladimir Bien-Aime Honored with a 2016 Vanguard Award in Housing Industry

eNewsChannels NEWS: (LANSDALE, Pa.) -- Global DMS, a leading provider of cloud-based compliant valuation management solutions, announced that its president and CEO, Vladimir Bien-Aime, was selected as one of HousingWire's 2016 Vanguard Award winners. The program is now in its second year, with 40 highly accomplished executives earning a spot on the 2016 list.
Maxwell Financial Labs

Maxwell Financial Labs Announces $1.95M in Funding for Mortgage Technology

eNewsChannels NEWS: (DENVER, Colo.) -- Maxwell Financial Labs, Inc. announced today it had secured $1.95M in funding, with anchor investors MATH Venture Partners, Techstars Ventures, Zelkova Ventures and Sovereign's Capital. The funding follows on the heels of Maxwell's commercial launch on August 16, 2016.
Altavera Mortgage

Credit Unions Increase Use of Outsourced Mortgage Services by 30% in 2016/Q3 According to Altavera Mortgage Services

eNewsChannels NEWS: (DENVER, Colo.) -- Altavera Mortgage Services, a leading provider of SAFE Act-compliant outsourced residential mortgage origination services, reported a 30 percent increase in credit union demand for its outsourced mortgage origination services in the third quarter of 2016 compared with the previous quarter.
Appraiser Dashboard

New for 2017: Appraiser Dashboard Shortens Appraisal Turnaround Times for Lenders and Appraisers

eNewsChannels NEWS: (SEATTLE, Wash.) -- Appraiser Dashboard, a provider appraisal technology, has announced the launch of its namesake appraisal workflow and networking technology. Appraiser Dashboard is the industry's first appraiser-facing technology that automatically informs AMCs (appraisal management companies) and lenders each time the appraiser user takes action in the appraisal process.
Monica Bankus

Nationwide Appraisal Network adds Monica Bankus as VP of Operations

eNewsChannels NEWS: (OLDSMAR, Fla.) -- Nationwide Appraisal Network (NAN), an innovative, women-owned, industry-leading appraisal management company with true national coverage, announced today that Monica Bankus has joined the company and will serve as VP of Operations. In that role, she will lead a team that will employ proprietary, groundbreaking technology, enhanced workflow and processes, improved communication with appraisers and lenders - and establish a new Platinum Standard for customer experience at NAN, a standard that with time the mortgage industry might attempt to adopt as its own.
DocMagic

Total eClose Enables Industry’s First Completely Paperless Digital Closing – Start to Finish

eNewsChannels NEWS: (TORRANCE, Calif.) -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has successfully completed the mortgage industry's first comprehensive eClosing in Massachusetts, which included both lender and closing/settlement agent documentation, for radius financial group, inc.
AccountChek by FormFree

Rate Reset Chooses AccountChek by FormFree

eNewsChannels NEWS: (ATLANTA, Ga.) -- FormFree today announced that Rate Reset, the world leader in automated loan retention and acquisition software, has selected AccountChek(TM) by FormFree as its technology provider for automated asset verification. AccountChek helps financial institutions determine in just seconds the ability of customers to pay back loans, without the hassle of collecting bank statements or other asset documents.
Cogensia CEO Brad Rukstales

Cogensia Named to CIOReview 20 Most Promising Data Integration Solution Providers 2016

eNewsChannels NEWS: (FREMONT, Calif.) -- Cogensia, LLC, the premier provider of breakthrough data-driven marketing strategies and solutions, has earned a spot in the 2016 edition of CIOReview's 20 Most Promising Data Integration Solution Providers. Headquartered in Schaumburg, Ill., Cogensia is a privately owned Marketing and Advertising company founded in 2002.
David G. Kittle, CMB

The Mortgage Collaborative Appoints David G. Kittle, CMB, President

eNewsChannels NEWS: (SAN DIEGO, Calif.) -- The Mortgage Collaborative, an independent mortgage lending cooperative, today announced the appointment of David G. Kittle, CMB as its President said John M. Robbins, CMB, the corporation's Chairman.
OpenClose

With Enhancements to its ConsumerAssist Solution, OpenClose Releases New Mobile and Online Tools for Borrowers

eNewsChannels NEWS: (WEST PALM BEACH, Fla.) -- OpenClose, an enterprise-class, multi-channel loan origination system (LOS) provider, announced that it has redesigned and added new features to its borrower-facing ConsumerAssist(TM) solution to deliver exceptional online and mobile point-of-sale tools.
FormFree

Guild Mortgage Selects AccountChek for Automated GSE-Compliant Verification of Borrower Ability to Repay

eNewsChannels NEWS: (ATLANTA, Ga.) -- FormFree, a provider of automated verification software, today announced that Guild Mortgage (Guild) has selected AccountChek(TM) by FormFree as its partner for automated borrower asset review and decision support. AccountChek eliminates the hassle of collecting bank statements and other asset documents for loans by empowering borrowers to submit their financial data directly to lenders in minutes using a secure app.
Simplifile

Simplifile E-recording Network Achieves Record 1,500 Participating Counties

eNewsChannels NEWS: (PROVO, Utah) -- Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that it has added 23 new counties to its e-recording network and achieved an unprecedented 1,500 total e-recording jurisdictions.
MetaSource

MetaSource Partners with ComplianceEase for Automated Compliance Testing

eNewsChannels NEWS: (SALT LAKE CITY, Utah) -- MetaSource, the leading provider of mortgage quality control (QC) compliance advisory and workflow automation solutions, announced it has partnered with ComplianceEase? to provide automated compliance testing for loans submitted to MetaSource for review.