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

NCIT TransactAPI 2.0 is First Transaction Platform for Funding Portals, Broker-Dealers and Private Issuers

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: North Capital Investment Technology has released TransactAPI 2.0 (TAPI 2.0), the first comprehensive transaction platform for funding portals, broker-dealers and private issuers. TransactAPI 2.0 is a software as a service solution designed to facilitate the offering, transaction and settlement of private offerings.

Pacific Union Financial Signs with OpenClose to Wholesale Lending

WEST PALM BEACH, Fla. /eNewsChannels/ -- NEWS: OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that Pacific Union Financial, LLC signed with the company to implement its multi-channel, 100 percent browser-based LOS platform, LenderAssist(TM). The comprehensive solution will automate Pacific Union Financial's wholesale lending functions from start to finish and establish complete data control and visibility over processes.

Mid America Mortgage, Inc. to Integrate Affinity Lending Solutions, LLC into Mortgage Platform

ADDISON, Texas /eNewsChannels/ -- NEWS: Mid America Mortgage, Inc. owner and CEO Jeff Bode, and Houston-based Affinity Lending Solutions, LLC, president and CEO Scott R. Valby, today announced their intention to integrate Affinity's production operations and branch network into Mid America's mortgage platform.

Quandis to Partner with Banks and Servicers for New Military Personnel Program

FOOTHILL RANCH, Calif. /eNewsChannels/ -- NEWS: Quandis, Inc., a leading provider of mortgage servicing software, today announced that it rolled out a website to help address President Obama's New Executive Actions to assist service members, veterans and their families.

Investor Edge empowers UWM’s broker partners to help borrowers in the market for investment properties

TROY, Mich. /eNewsChannels/ -- NEWS: United Wholesale Mortgage, one of the nation's largest and fastest growing wholesale lenders, announced that it rolled out a new product called Investor Edge, which is designed specifically for borrowers that are looking to purchase or refinance non-owner occupied investment properties.

Technology Innovator ShortSave Inc’s Distressed Mortgage Work Out Solution Wins 2014 Servicing Trailblazer Award

MONUMENT, Colo. /eNewsChannels/ -- NEWS: Mortgage industry technology innovator ShortSave, Inc. was awarded the coveted Servicing Trailblazer Award at the 15th Annual Mortgage Technology Awards Ceremony on October 19 in Las Vegas. ShortSave helps distressed borrowers work out their loans with their lenders in a matter of days.

MorVest Capital LLC has closed another mortgage servicing rights (MSR) credit facility for a Virginia company

DALLAS, Texas /eNewsChannels/ -- NEWS: MorVest Capital, LLC, in concert with its funding partner Customers Bank (NASDAQ:CUBI), today announced that this week it has closed another mortgage servicing rights (MSR) credit facility for a Virginia company, adding to its growing tally. MorVest Capital is a boutique investment firm primarily focused on providing capital and strategic solutions to the mortgage banking and residential finance industry.

Jody Collup of Global DMS named to 2014 ‘Influential Women in Housing’ List

LANSDALE, Pa. /eNewsChannels/ -- NEWS: Global DMS, a leading provider of Web-based compliant valuation management software, announced that its vice president of marketing, Jody Collup, has been named to the HousingWire 2014 'Influential Women in Housing' list.

Changes to HUD Section 184 went into place this year, making it even more attractive to Native American Indian homeowners

DENVER, Colo. /eNewsChannels/ -- NEWS: Native Americans with a tribal enrollment card have been eligible for a specialized Home Loan Guarantee Program (HUD Section 184) since 1992 to assist in the purchase of a new home, says Morgan Pennington, a Section 184 Licensed Mortgage Consultant at Universal Lending Corporation. Beginning this year, there are some new changes went into place that will make it even more attractive to Native American Indian homeowners.

Bank of Southern California, N.A. Acquires El Paseo Bank in Coachella Valley from FDIC

PALM DESERT, Calif. /eNewsChannels/ -- NEWS: Bank of Southern California, N.A. (OTCMKTS:FBBN / OTC Markets FBBN) announced today that it purchased substantially all the assets and liabilities of Frontier Bank, FSB dba El Paseo Bank through a purchase and assumption agreement with the FDIC.

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