Banking and Finance

Banking Industry News, Mortgage Finance, and Payment Processing

Mortgage Collaborative announces formal approval of 10 new preferred vendor partners to their national network

NEWS: The Mortgage Collaborative, an independent mortgage lending cooperative, today announced the formal approval of 10 new preferred vendor partners to their national network, announced the Collaborative's EVP of National Sales and Strategic Alliances, Rich Swerbinsky.
QUANDIS

Quandis Enhances its Military Search Service to Help Servicers and Attorneys with SCRA Compliance

NEWS: Quandis, Inc., a leading provider of default management technology solutions, announced today that it developed and incorporated a sophisticated data parsing and analysis component into its Military Search Service. The new functionality assists servicers and default attorneys in adhering to the Servicemembers Civil Relief Act (SCRA) in order to avoid non-compliance, lawsuits and fines.

Chief Market Economist, Peter I. Cardillo joins First Standard Financial Company (FSF)

NEWS: First Standard Financial Company ('FSF'), a full service Broker Dealer offering client-centric retail brokerage and advisory services to its clients worldwide, announced today that it has hired renowned economist and frequent television business news contributor Peter I. Cardillo as the Firm's Chief Market Economist.

Michelle Doyle joins The Compliance Group to Oversee Mortgage Quality Control Services

NEWS: Leading mortgage compliance and quality control (QC) services provider The Compliance Group, Inc. (TCG) announced it has hired Michelle Doyle as Director of Quality Control. Doyle brings more than two decades of experience in mortgage underwriting, quality control, risk mitigation and compliance to her new role at TCG.
Massey Consulting

Accounting software consulting firm, Massey Consulting, helps Eli Global position for growth with Intacct ERP

NEWS: Massey Consulting, a leading accounting software consulting firm, will assist Eli Global and companies with the implementation and configuration of cloud-based, best in class, Intacct ERP.

Webinar: Equipment Finance Experts to Provide Preview of Forthcoming FASB 842 and IFRS 16

NEWS: LeaseAccelerator, the leader in Equipment Lease Management Software, announced today that it will be hosting a webinar on the forthcoming Lease Accounting Standard changes. The company's experts have been closely monitoring the latest proposals and comments on both FASB 842 and IFRS 16.

IT Leasing Expert Tim Shockley joins LeaseAccelerator to Lead Sales Force

NEWS: LeaseAccelerator has announced that sales leader and enterprise leasing expert Tim Shockley has joined the company as Vice President of Sales. Tim brings more than 20 years of experience leading top performing teams to provide IT and Financial solutions into Fortune 500 companies.

Bank of Southern California NA names Rhonda Guthrie Senior VP Loan Administration

NEWS: Bank of Southern California, N.A. (OTCQB:FBBN / OTCMKTS:FBBN) has announced the promotion of Rhonda Guthrie to the position of Senior Vice President, Loan Administration. With over 20 years in Loan Administration, Guthrie joined the Company in 2013 as Loan Administration Manager responsible for all functions related to loan processing, documentation, compliance and loan servicing.

Mid America Mortgage Expands National Footprint in Q4, Opens Branches in Missouri and Kansas

NEWS: Mid America Mortgage, Inc. Owner and Chief Executive Officer Jeff Bode announced the firm has expanded its operations into Missouri, Iowa and Kansas with its newest branch locations in Kansas City, Mo. and Overland Park, Kan.

John Rhode joins Mid America Mortgage as Account Exec for Wholesale, Correspondent Division

NEWS: Mid America Mortgage, Inc. owner and Chief Executive Officer Jeff Bode announced John Rhode has joined the company as an account executive in the wholesale and correspondent lending division. Rhode brings 24 years of wholesale lending experience to Mid America and will be focused on the metro-Chicago area and surrounding markets.

Central Texas Chapter of the Association for Corporate Growth signs MOU with Texas Military Officers Assoc.

NEWS: The Central Texas Chapter of the Association for Corporate Growth(R) (ACG), the global organization focused on driving middle-market growth, signed a Memorandum of Understanding with the Texas Military Officers Association, TMOA, in an effort to actively expose the two organizations to each other's membership, foster integration, and promote joint programs.

Paul Yarbrough joins MCT Trading to Oversee Client On-Boarding and Technology Implementations

NEWS: MCT Trading, Inc., a recognized industry leader in mortgage risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, announced that it hired Paul Yarbrough to manage new client on-boarding, its secondary marketing technology, and solution training.

eSignSystems and Mid America Mortgage Partner for End-to-End eMortgages

NEWS: DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that Mid America Mortgage, Inc. will utilize DocMagic's SaaS-based compliance and mortgage loan document engine together with the on-premise solutions of DocMagic's recently acquired eSignSystems patented eSigning, eNotary, eVaulting, eRegistration and eRetention solutions.

Empaxis Opens London Office to Specialize in Back-Office Outsourcing for Investment Management Firms

NEWS: Empaxis Data Management, experts in middle and back-office outsourcing for investment management firms, recently announced expansion into the European market. Empaxis has opened an office in London and has launched Empaxis Europe Limited. Empaxis has also appointed Stefano Nocera to direct the European operations.

Bank of Southern California N.A. adds Seasoned SBA Team to Enhance Top Performing Small Business Lending

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: Bank of Southern California, N.A. (OTCQB:FBBN / OTCMKTS:FBBN) welcomes Tom Welch as Senior Vice President, SBA Department Manager and Tammy DeWitt as Vice President, SBA Loan Underwriting Manager to its seasoned team of Southern California bankers. Both Mr. Welch and Ms. Dewitt have been in the banking industry for 37 years and both have over 27 years of SBA and conventional lending and relationship management experience.

Quandis Military Search Technology Addresses New Military Lending Act Rule for Compliance Taking Effect Oct. 1

NEWS: Quandis, Inc., a leading provider of default management technology solutions, announced that it has extended its Military Search Service to locate active duty military personnel in other facets of consumer lending for compliance adherence.

International Document Services, LendingQB Integration Creates Seamless Mortgage Origination Environment

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document preparation vendor International Document Services, Inc. (IDS), announced Atlanta-based Private Bank of Buckhead has implemented the IDS "lights out" integration with LendingQB, an end-to-end loan origination system (LOS) provider whose platform includes the industry's leading universal decision engine.

Bank of Southern California N.A. Builds Coachella Valley Advisory Board to Help Increase Local Market Awareness

NEWS: Bank of Southern California, N.A. (OTC:FBBN / OTCMKTS:FBBN) announced the creation of its Coachella Valley Advisory Board. This board is comprised of prominent members of the business community in the Desert Cities region who will help increase the bank's presence and market awareness while providing valuable input to better understand the business needs in the Coachella Valley.

ACES Risk Management (ARMCO) announces the release of TRIDCompare

NEWS: Leading web-based financial services quality control software provider ACES Risk Management (ARMCO) announced the release of TRIDCompare, a data compare tool designed specifically for the new TILA-RESPA Integrated Disclosure (TRID). TRIDCompare is a component of the Automated Data Compare (ADC) solution suite within the ACES Web Audit Technology) platform.

MCT Trading COO Phil Rasori named to ‘Top 25 Most Connected Mortgage Professionals’ 2015 List

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: MCT Trading, Inc., a recognized industry leader in mortgage risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, announced that its COO, Phil Rasori, has been named to National Mortgage Professional (NMP) magazine's 2015 'Top 25 Most Connected Mortgage Professionals' list.

Klingenstein Fields Wealth Advisors launches new brand to serve high-net-worth clients

NEWS: Klingenstein, Fields and Co., L.L.C. today is now operating as 'Klingenstein Fields Wealth Advisors' as part of a recent rebranding initiative. The new brand highlights the firm's integrated approach in providing comprehensive wealth management services to a broad range of high-net-worth clients.

Richard Horn to Lead In-Depth TRID Training Workshop for Lenders in Denver

NEWS: Mortgage Compliance Training Center, a newly formed organization that is solely focused on mortgage compliance education and readiness, announced today that it has officially launched operations and will start by holding an all-day, hands-on TRID workshop in Denver, Colorado on Sept. 25.

Housing Expert Melanie Feliciano of DocMagic Makes MReport 2015 Leading Ladies List

TORRANCE, Calif. /eNewsChannels/ -- NEWS: Torrance-based DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that its chief legal officer, Melanie Feliciano, Esq., has been named to the MReport's 2015 Leading Ladies list. MReport is a leading B2B trade publication serving the broader mortgage field.

MBA Risk Management, QA and Fraud Prevention Forum to host ARMCO Execs on Mortgage Pre/Post-Funding QA

POMPANO BEACH, Fla. /eNewsChannels/ -- NEWS: Leading web-based financial services quality control software provider ACES Risk Management (ARMCO) announced two of its top executives will participate in panels at the Mortgage Bankers Association's (MBA) Risk Management, QA and Fraud Prevention Forum 2015, Sept. 9-11 in Dallas.

DocMagic’s SmartCLOSE Easy-to-Use TRID eSign and eDelivery Solutions Hit Home Run

TORRANCE, Calif. /eNewsChannels/ -- NEWS: DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that after extensive testing by lenders, settlement providers and other relevant parties, SmartCLOSE(TM) has been honed to perfection and been moved to a secure cloud-based production environment for its official release date of Aug. 15, 2015.