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

According to BusinessCashAdvance, Merchant Cash Advances Expected to Increase in 2011 Holiday Season

CORAL SPRINGS, Fla. /eNewsChannels/ -- With the expectation of small business loan financing to remain bleak into the upcoming holiday season, merchants and small business owners will be seeking out alternative means of working capital for the Christmas rush, expected to result in an increased demand for merchant cash advances from financing sources like BusinessCashAdvance.

Second Street Capital, Inc. will soon begin operating as a specialty finance company, providing working capital to small and medium size...

VERO BEACH, Fla. /eNewsChannels/ -- Second Street Capital, Inc. (SSCI), a publicly traded company, that suffered through the housing and credit crises beginning in 2007, has recently begun the process of recapitalizing and will soon begin operating as a specialty finance company, providing working capital to small and medium size local businesses and entrepreneurs. SSCI is headquartered in Ft. Lauderdale; however, Jack Rodgers, Maria Caldarone, and Laura Camisa all members of the management team will operate from a Vero Beach office.

United Wholesale Mortgage is now offering an exclusive true jumbo product to all of its brokers

BIRMINGHAM, Mich. /eNewsChannels/ -- United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 47 states, announced today that it has a unique jumbo product with loan amounts up to $2.5 million and LTV's up to 80 percent. This product is exclusive and has extremely competitive low fixed rates in the mid 4s along with multiple ARM options if the borrowers choose.

Financial author Robert Stowe England Casts Spotlight on Mad Max Follies Behind the 2008 Financial Crisis

MILTON, Del. /eNewsChannels/ -- Financial author Robert Stowe England turned a spotlight on the role of key institutions, policies, agencies and people in Washington and on Wall Street that pushed the financial system toward the mortgage meltdown and 2008 crisis in remarks at a book signing event Nov. 5 at the Federal Street Gallery in the historic town of Milton, Delaware.

United Wholesale Mortgage announces new functionality added to existing broker portal

BIRMINGHAM, Mich. /eNewsChannels/ -- United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 47 states, announced that it has implemented a proprietary decisioning solution within its broker portal that was custom developed in-house. The new functionality returns accurate pricing and product eligibility on up to ten programs at once with the click of a mouse.

DocMagic, Inc. chief legal officer to speak at the 13th Annual Mortgage Technology Conference

CARSON, Calif. /eNewsChannels/ -- DocMagic, Inc., the mortgage industry's leading provider of loan document and automated compliance solutions, announced that its chief legal officer (CLO), Melanie Feliciano, will speak on a panel session that will discuss various compliance challenges and technology solutions. The panel is being held at the 13th Annual Mortgage Technology Conference by SourceMedia and Mortgage Technology magazine at the Doral Golf Resort in Miami, Florida.

International Document Services Adds Flood Insurance Disclosure to idsDoc SaaS Mortgage Packages

SALT LAKE CITY, Utah /eNewsChannels/ -- International Document Services (IDS), a mortgage document preparation vendor, announced that a new disclosure relating to flood insurance is now available through the idsDoc doc prep platform.

BusinessCashAdvance reports that business loan alternatives are expected to increase in 2012

CORAL SPRINGS, Fla. /eNewsChannels/ -- As banks continue to place strict requirements on business loans for small businesses and merchants, BCA (BusinessCashAdvance.com) continues to grow its business loan alternative financing program to accommodate merchants in need of fast financing.

Bob Paglia joins 360 Mortgage Group, expanding So. California service area

AUSTIN, Texas /eNewsChannels/ -- 360 Mortgage Group, a privately owned wholesale mortgage bank, welcomes Bob Paglia as a newly hired account executive. Based out of Lancaster, Calif., just north of Los Angeles, Paglia's territory includes the Southern California region.

Ecologic Leasing Services announced today that it has launched The Global Lessor Network 2.0 in China

WASHINGTON, D.C. /eNewsChannels/ -- Ecologic Leasing Services announced today that it has launched The Global Lessor Network 2.0 in China. 'Our corporate lessee clients and our vendor captive clients have been asking us to help them find, engage, and transact with new lessors in China for several years,' stated Michael Keeler, CEO, Ecologic Leasing Services.

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