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

IDS Pres. Curt Doman Advises Lenders to Adopt Model Privacy Form Prior to Year's End to Retain Safe Harbor under Gramm-Leach-Bliley

SALT LAKE CITY, Utah /eNewsChannels/ -- Curt Doman, president of International Document Services, Inc. (IDS), a mortgage document preparation vendor, says lenders who have not adopted the Model Privacy Form are exposing themselves to unnecessary risk. Lenders are not required to adopt the Model Form and may, in fact, develop their own form to use.

IDS Phases HVCC Out of Mortgage Doc Packages for 2011

SALT LAKE CITY, Utah /eNewsChannels/ -- International Document Services (IDS), a mortgage document preparation vendor, announced it has begun to phase out the Home Valuation Code of Conduct (HVCC) in response to an October 15 directive from Fannie Mae and Freddie Mac stating that the HVCC will no longer be the standard bearer for the protection of the home appraisal process beginning in 2011.

Del Mar DataTrac President Rob Katz Tags 2010 'Year of Mortgage Origination'

SAN DIEGO, Calif. /eNewsChannels/ -- Rob Katz, president of Del Mar DataTrac, Inc., an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, says that the most important lesson learned by mortgage lenders in 2010 is that loan origination has become the focal point for quality control.

Pinnacle Capital Mortgage Adopts Paperless Processing and Underwriting, and Perfects Its Wholesale Channel with DataTrac

SAN DIEGO, Calif. /eNewsChannels/ -- California-based full-service mortgage banker Pinnacle Capital Mortgage (Pinnacle) credits Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, with enabling its adoption of paperless lending, streamlining its underwriting processes and strengthening its wholesale channel.

USGEA announces that Vickers Financial Group Awarded Best Exit Award

LOS ANGELES, Calif. /eNewsChannels/ -- The United States Global Entrepreneurs Association (USGEA) is proud to announce that one of its corporate members, Vickers Financial Group, a leading Venture Capital firm emerged a winner on October 5th at the Inaugural Singapore Venture Capital and Private Equity Association (SVCA) Annual Awards Gala Dinner held at the Shangri-La Hotel.

Wells Fargo Adds International Document Services (IDS) to List of E-Delivery-Approved Mortgage Doc Providers

SALT LAKE CITY, Utah /eNewsChannels/ -- International Document Services (IDS), a mortgage document preparation vendor, has been approved by Wells Fargo (NYSE: WFC) to provide mortgage documents via e-delivery to loan applicants. The approval covers e-delivery for all mortgage documents, but typically, initial and pre-disclosures are the primary documents submitted to loan applicants electronically.

DMD to demo LOS Integration with Fannie Mae's EarlyCheck at 2010 MBA Annual Conference

SAN DIEGO, Calif. /eNewsChannels/ -- Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions has completed the integration of its rules-based workflow automation platform DataTrac with Fannie Mae's EarlyCheck(TM) service. This EarlyCheck integration is included in DataTrac release 9.3R3, available for mortgage lender implementation beginning October 28, 2010.

Small Business Financing Program Expanded by FastUpFront

CLIFTON, N.J. /eNewsChannels/ -- In an effort to expand small business financing to businesses previously ignored by business cash advance companies, FastUpFront has changed its financing qualifications and removed its funding limit.

Comergence Compliance Monitoring announces Fidelity Bond, Errors and Omissions Policy through Insurance Subsidiary

ORANGE, Calif. /eNewsChannels/ -- Comergence Insurance Services, a wholly owned subsidiary of third-party originator (TPO) risk management solutions provider Comergence Compliance Monitoring, announced it now offers fidelity and professional indemnity insurance to TPOs - the first of its kind within the industry.

Del Mar DataTrac® Signs Three Lenders for Commission Management Tool

SAN DIEGO, Calif. -- Del Mar DataTrac, Inc. (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business...

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