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

ARMCO Pioneers Mortgage Industry Quality Control Benchmarking Solution, ACES Analytics

POMPANO BEACH, Fla. /eNewsChannels/ -- NEWS: ARMCO - ACES Risk Management, a leading provider of web-based audit technology for the financial services industry, has announced the launch of ACES Analytics(TM), a business intelligence tool that will, for the first time, allow mortgage professionals to benchmark quality control results against industry peers. The benchmarking service is now available to ARMCO clients.

HUD-insured Home Equity Conversion Mortgage Have Less Risk for Lenders says ReverseVision Board Member, Jeffrey Taylor

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: According to reverse mortgage expert Jeffrey Taylor, a ReverseVision board member and president of Wendover Consulting, mortgage lenders offering the HUD-insured Home Equity Conversion Mortgage (HECM) will find that originating reverse loans carries fewer risks than traditional mortgages.

Titan Capital Solutions Has Historic Jumbo Mortgage Lock Month, Adds 7 Approved Sellers in Q2-14

DENVER, Colo. /eNewsChannels/ -- NEWS: Titan Capital Solutions (TCS), a wholly-owned jumbo correspondent investment subsidiary of mortgage outsource services provider Titan Lenders Corp., has announced June 2014 was its largest lock month in both volume and dollar amount since its inception in October 2012.

International Document Services announces launch of Mortgage Compliance Resource Center for Doc Prep Clients

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document prep vendor International Document Services, Inc. (IDS) today announced it has launched a comprehensive Resources website within its flagship doc prep system idsDoc. The main feature of the site, a compliance-focused blog authored by IDS Compliance Officer Jonathan Johnson, was made available to clients through the idsDoc doc prep platform.

The Compliance Group Inc Grows Business by 20 Percent in Q2-2014

CARLSBAD, Calif. /eNewsChannels/ -- NEWS: The Compliance Group, Inc. (TCG), a Leading mortgage compliance services provider, today announced it has increased its roster of clients by 20 percent in the second quarter of 2014. This crop of new business includes a mix of mortgage lenders, retail and community banks and credit unions.

Rob Katz of ReverseVision says reverse mortgage originations have been trending up in 2014

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: Contrary to what has been reported for the past six months, reverse mortgage originations have been trending up according to ReverseVision, Inc., a leading provider of reverse mortgage lending solutions. ReverseVision's RV Exchange (RVX) is the leading reverse loan origination system (RLOS) and lending system of record for the majority of reverse lenders.

International Document Services Passes AICPA SOC 2 Audit of Mortgage Doc Prep Services

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document preparation vendor International Document Services, Inc. (IDS) today announced that it has passed its first Service Organization Control (SOC) 2SM audit with no exceptions. According to the American Institute of CPAs (AICPA), the organization that created the audit, SOC 2's purpose is to assess the 'controls at a service organization relevant to security, availability, processing integrity confidentiality, or privacy.'

Scott Law Firm is actively utilizing Quandis' new military search name permutation functionality

FOOTHILL RANCH, Calif. /eNewsChannels/ -- NEWS: Quandis, Inc., a leading provider of mortgage servicing software, today announced that Scott Law Firm, which serves the default servicing industry, is actively utilizing its new military search name permutation functionality. Scott Law Firm can now more easily and efficiently identify active duty military borrowers in the DoD database to comply with the Servicemembers Civil Relief Act.

Free Online Course on 2014 HUD Mortgagee Letter Changes offered by ReverseVision University (RVU)

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: ReverseVision, Inc., a leading provider of business solutions for the reverse mortgage industry is offering a free online class 'Understanding the New Rules Regarding Non-Borrowing Spouses,' focused on changes announced by HUD in recent Mortgagee Letters 2014-07 and 2014-12 through its ReverseVision University (RVU).

CCMC Inc. names Matthew Borg as new CFO, will help expand IT solutions to financial institutions across the U.S.

ALTAMONTE SPRINGS, Fla. /eNewsChannels/ -- NEWS: CCMC Inc., a leading provider of financial technology integration solutions, today announced the appointment of Matthew Borg as Chief Financial Officer. He will report to President and Chief Executive Officer Gene Lederer.

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