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

Frank J. Mercardante Resigns from 1st Pacific Bancorp Board of Directors

SAN DIEGO, Calif. -- 1st Pacific Bancorp (NASDAQ: FPBN) announced today that Frank J. Mercardante, a member of the board of directors of 1st Pacific Bancorp since July 2007, resigned from the Company's board. Prior to his appointment as a director of 1st Pacific Bancorp, Mr. Mercardante was Chairman and CEO of Placer Sierra Bank and previously was President and Chief Executive Officer of Southwest Community Bancorp since 1998.

LogicEase Receives Notice of Allowance in the U.S. for Automated Loan Compliance Patent

SAN FRANCISCO, Calif. -- LogicEase Solutions Inc., provider of the mortgage industry's leading suite of risk management solutions - ComplianceEase(R), announced today it has received a Notice of Allowance for a patent on its automated compliance system from the United States Patent and Trademark Office. The allowed patent, "System and Method For Automated Compliance With Loan Legislation" primarily encompasses the ComplianceAnalyzer(R) automated compliance system.

Mortgage Company Aids North Carolina Home Buyers Through Affordable Federally Guaranteed Mortgage

RALEIGH, N.C. -- Not a day goes by without the media reporting on the national mortgage meltdown and tightening guidelines for home loans. But one local mortgage company committed to affordable home ownership for North Carolinians found a way to help rural areas residents become homeowners. Veritas Mortgage Funding, a Raleigh based mortgage firm now offers a great alternative to traditional, more costly mortgages.

New York Based Implementation Solutions LLC Opens Newest Office in Sydney, Australia

NEW YORK, N.Y. -- Implementation Solutions LLC, a technology consulting firm that services global investment management customers, announced today that it has formulated a subsidiary organization in Australia named Implementation Solutions PTY LTD. Simultaneously it also announced the opening of its seventh office, this time on Kent Street in Sydney, Australia.

Calyx Point Loan Origination System Users Rely on ComplianceEase for Regulatory Compliance Audit

SAN FRANCISCO, Calif. -- ComplianceEase(R), a leading provider of mortgage industry automated compliance and risk management solutions, announced today that its automated compliance system, ComplianceAnalyzer(R), will be available on Calyx Point's WebConnect(TM) platform on January 10th, 2008.

KIC Products Announces the Release of a Panini Waffletechnology Check Processor Cleaning Card

AUBURN, Maine -- Panini and KIC Products are pleased to announce the release of the Panini Waffletechnology Check Processor Cleaning Card. This product is designed to work with Panini My Vision X(R) Check Scanners through strategic positioning of the Waffletechnology design.

Irwin Home Equity Selects LogicEase's DecisionEase POS System

SAN FRANCISCO, Calif. -- LogicEase Solutions Inc., the maker of the industry-leading risk management application ComplianceEase(R), today announced that Irwin Home Equity, a subsidiary of Irwin Union Bank and Trust Company (Irwin), has deployed the DecisionEase(TM) POS Master(TM) portal in just eight weeks.

Applied Business Software, Inc. and Reliable Trust Deed Services Announce Strategic Partnership

LOS ANGELES, Calif. -- Applied Business Software Inc. ("ABS"), developer of The Mortgage Office(TM), the leading loan servicing software solution for the lending industry, and Reliable Trust Deed Services ("RTDS"), a foreclosure trustee dedicated to providing the most efficient, timely and personal service in the industry, announced today that they have formed a strategic partnership to provide full product integration between The Mortgage Office(TM) and the services provided by RTDS.

Alterian Streamlined Campaign Management to Save UK's Alliance & Leicester Time and Money with Operational Marketing

Alliance & LeicesterCHICAGO, Ill. -- Alterian (LSE: ALN), the leading global enterprise marketing platform provider, announced today that Alliance & Leicester, one of the UK's major financial services groups, has implemented Alterian's operational marketing software, Organizer, to help streamline its campaign management processes.

VA Loan Program Co. Leaves Benchmark Mortgage and Unites with First Community Bank

PLANO, Texas -- This unity will allow VA Loan Program to service all 50 states and add additional loan programs to their current product line. VA Loan Program is a national leader in providing mortgages to veterans. VA Loan Program recently launched VALoanAssistant.com for online consumer research and online VA loan assistance.

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