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
Bank of Southern California

Bank of Southern California NA (BCAL) Completes $7M Capital Offering and Announces New Board of Directors

eNewsChannels NEWS: (SAN DIEGO, Calif.) -- Bank of Southern California, N.A. (OTCMKTS:BCAL) announced that it has completed a capital raise of $7 million through a stock purchase agreement of the Bank's common stock with Castle Creek Capital, based in Rancho Santa Fe, California.
SIMPLIFILE

Wyoming Authorizes E-recording Statewide, Four New Counties Adopt Simplifile

eNewsChannels NEWS: (PROVO, Utah) -- Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that four new Wyoming counties have joined Simplifile's e-recording network following the January 1 passage of a law authorizing e-recording statewide.
OpenClose

OpenClose’s JP Kelly Named to HW 2016 Vanguard Award List

eNewsChannels NEWS: (WEST PALM BEACH, Fla.) -- OpenClose, an enterprise-class, multi-channel loan origination system (LOS) provider, announced that HousingWire honored its president, JP Kelly, with its second annual Vanguard Award. The list recognizes highly successful executives who are making a positive difference in their respective fields across the mortgage industry.
Global DMS

Vladimir Bien-Aime Honored with a 2016 Vanguard Award in Housing Industry

eNewsChannels NEWS: (LANSDALE, Pa.) -- Global DMS, a leading provider of cloud-based compliant valuation management solutions, announced that its president and CEO, Vladimir Bien-Aime, was selected as one of HousingWire's 2016 Vanguard Award winners. The program is now in its second year, with 40 highly accomplished executives earning a spot on the 2016 list.
Maxwell Financial Labs

Maxwell Financial Labs Announces $1.95M in Funding for Mortgage Technology

eNewsChannels NEWS: (DENVER, Colo.) -- Maxwell Financial Labs, Inc. announced today it had secured $1.95M in funding, with anchor investors MATH Venture Partners, Techstars Ventures, Zelkova Ventures and Sovereign's Capital. The funding follows on the heels of Maxwell's commercial launch on August 16, 2016.
ReverseVision

NRMLA Adds ReverseVision President John Button to Board of Directors

eNewsChannels NEWS: (SAN DIEGO, Calif.) -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced that its president and CEO, John Button, has joined the board of directors for the National Reverse Mortgage Lenders Association (NRMLA).
Altavera Mortgage

Credit Unions Increase Use of Outsourced Mortgage Services by 30% in 2016/Q3 According to Altavera Mortgage Services

eNewsChannels NEWS: (DENVER, Colo.) -- Altavera Mortgage Services, a leading provider of SAFE Act-compliant outsourced residential mortgage origination services, reported a 30 percent increase in credit union demand for its outsourced mortgage origination services in the third quarter of 2016 compared with the previous quarter.
Appraiser Dashboard

New for 2017: Appraiser Dashboard Shortens Appraisal Turnaround Times for Lenders and Appraisers

eNewsChannels NEWS: (SEATTLE, Wash.) -- Appraiser Dashboard, a provider appraisal technology, has announced the launch of its namesake appraisal workflow and networking technology. Appraiser Dashboard is the industry's first appraiser-facing technology that automatically informs AMCs (appraisal management companies) and lenders each time the appraiser user takes action in the appraisal process.
Monica Bankus

Nationwide Appraisal Network adds Monica Bankus as VP of Operations

eNewsChannels NEWS: (OLDSMAR, Fla.) -- Nationwide Appraisal Network (NAN), an innovative, women-owned, industry-leading appraisal management company with true national coverage, announced today that Monica Bankus has joined the company and will serve as VP of Operations. In that role, she will lead a team that will employ proprietary, groundbreaking technology, enhanced workflow and processes, improved communication with appraisers and lenders - and establish a new Platinum Standard for customer experience at NAN, a standard that with time the mortgage industry might attempt to adopt as its own.
DocMagic

Total eClose Enables Industry’s First Completely Paperless Digital Closing – Start to Finish

eNewsChannels NEWS: (TORRANCE, Calif.) -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has successfully completed the mortgage industry's first comprehensive eClosing in Massachusetts, which included both lender and closing/settlement agent documentation, for radius financial group, inc.

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