Banking and Finance

Banking Industry News, Mortgage Finance, and Payment Processing

Mortgage Lenders Should Tailor QC Reviews for Niche Mortgage Products, says ACES Risk Management

POMPANO BEACH, Fla. /eNewsChannels/ -- NEWS: Phil McCall, COO of leading web-based financial services quality control software provider ACES Risk Management (ARMCO) in Florida, advises mortgage lenders to develop unique quality control audits for each of the niche mortgage lending products they may offer, including jumbo, USDA, VA and HECM/reverse.

Chris Hartman has been promoted to sales manager of wholesale and correspondent operations at Mid America Mortgage

ADDISON, Texas /eNewsChannels/ -- NEWS: Mid America Mortgage, Inc. owner and CEO Jeff Bode announced Chris Hartman has been promoted to sales manager of wholesale and correspondent operations. Hartman brings nearly two decades of mortgage sales experience to this new role, where he'll be responsible for overseeing sales efforts across Mid America's wholesale and correspondent lending division.

FlashCash is Contactless Smart Card Technology for Commercial Laundry Room Operators and Customers

CHESTER, Conn. /eNewsChannels/ -- NEWS: Greenwald Industries is the designer and developer of FlashCash(R), a laundry payment technology that is currently the leading contactless laundry payment technology in Europe. Installed in thousands of machines, FlashCash use is growing by leaps and bounds.

United Wholesale Mortgage announces New Loan Option Giving Originators Attractive Opportunity to Obtain More Business

TROY, Mich. /eNewsChannels/ -- NEWS: United Wholesale Mortgage (UWM), one of the nation's largest and fastest-growing wholesale lenders, has announced an interest-only financing program available to qualified borrowers who utilize UWM's extensive broker network for their mortgage needs.

OpenClose data is now enhancing the Mortgage Market Index published by Mortgage Daily

WEST PALM BEACH, Fla. /eNewsChannels/ -- NEWS: OpenClose(R), an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, announced that it is now delivering weekly data for the U.S. Mortgage Market Index, an indicator of upcoming mortgage originations that is published by Mortgage Daily, a leading online news and data source for the mortgage industry.

JOSEPH EVE CPAs Named an Intacct Premier Partner

KALISPELL, Mont. /eNewsChannels/ -- NEWS: JOSEPH EVE CPAs, a firm of experienced accounting and technology professionals, has achieved the designation as an Intacct Premier Partner. JOSEPH EVE offers monthly webcasts on how Intacct can benefit organizations.

Edward Komski joins DocMagic to Drive Software Solutions to Large, Enterprise-Level Lending Organizations

TORRANCE, Calif. /eNewsChannels/ -- NEWS: DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, is pleased to announce the hiring of Edward Komski who will assume the role of national sales manager. In this capacity, he will be responsible for introducing DocMagic's entire suite of software solutions to large, enterprise-level lending organizations.

Mortgage Tech Firm, OpenClose, Adds Patrick Mancier to its Software Development Team

WEST PALM BEACH, Fla. /eNewsChannels/ -- NEWS: OpenClose(R), an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, announced that it hired Patrick Mancier as senior software developer. OpenClose has experienced increasing growth in 2015 with the on-boarding of several marquee clients, hiring additional staff, developing new solutions, and enhancing its end-to-end, multi-channel LOS platform.

DocMagic SmartCLOSE Collaborative Closing Portal for TRID Compliance in Test Phase with Clients

NEWS: DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced today that a group of clients have begun to test the features and functionality available within its new Collaborative Closing Portal, SmartCLOSE(TM).

eSign and eDelivery solutions provider DocMagic to be fully TRID Compliant by 8/1/15

TORRANCE, Calif. /eNewsChannels/ -- NEWS: DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that the CFPB's proposed delay will have no bearing on its plans to be ready to meet the CFPB's originally planned Aug. 1 due date to implement the TILA-RESPA Integrated Disclosure (TRID) rule.

San Diego’s MCT Trading Named to ‘Best Places to Work’ List, Fourth Year in a Row

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 the San Diego Business Journal's (SDBJ) has named the company to its annual Best Places to Work list for the fourth year in a row.

Former Fannie Mae Underwriting Consultant David Tracy joins Mid America Mortgage as National Underwriting Manager

ADDISON, Texas /eNewsChannels/ -- NEWS: Mid America Mortgage, Inc. owner and CEO Jeff Bode has announced the lender has hired former Fannie Mae underwriting consultant David Tracy as National Underwriting Manager. A 20+-year residential and commercial mortgage veteran, Tracy will be responsible for revitalizing Mid America's underwriting operations nationwide.

International Document Services, Inc. (IDS) Hits Four of Five TRID Development Milestones for Mortgage Trade

SALT LAKE CITY, Utah /eNewsChannels/ -- NEWS: Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it is on schedule and has achieved four of its five major development milestones for the TILA/RESPA Integrated Disclosures (TRID) implementation. The final development milestone for IDS is to update the Escrow and Imports sections of idsDoc, after which users will be able to test and review the documents.

Mortgage Tech Leader, OpenClose, Announces v4.0 of its OC Optics Web-based Enterprise Analytics

WEST PALM BEACH, Fla. /eNewsChannels/ -- NEWS: OpenClose, an enterprise-class, multi-channel end-to-end loan origination system (LOS) provider, announced that it has released version 4.0 of OC Optics(TM), a web-based analytics and reporting system that integrates tightly with its LenderAssist(TM) LOS platform. The enhancements provide clients with more control, added functionality, and robust editing and configuration tools that effectively customizes data analysis and reporting outputs.

Unrivaled industry eSigning adoption among mortgage clients fuels DocMagic transaction spike

TORRANCE, Calif. /eNewsChannels/ -- NEWS: DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced today that its eSign platforms have now processed more than 100 million mortgage-related eSignature transactions.

Healthcare Insights to Present Session on Cost Accounting and Clinical Analytics at 2015 International MUSE Conference

LIBERTYVILLE, Ill. /eNewsChannels/ -- NEWS: Healthcare Insights, LLC, a leader in providing financial management software and services to hospitals and health systems nationwide, will be presenting its solutions for reducing healthcare costs and improving patient care during the annual International MUSE Conference in Nashville.

New TRID offering is available to all DocMagic clients and all LOS partners for in-depth testing

TORRANCE, Calif. /eNewsChannels/ -- NEWS: DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, today announced that it has completed all required TILA-RESPA Integrated Disclosure rule software development and testing, and the new TRID enhancements have been officially released into DocMagic's production environment.

Enterprise SaaS Sales Expert Jay McGlynn joins LeaseAccelerator as Chief Revenue Officer

GREAT FALLS, Va. /eNewsChannels/ -- NEWS: LeaseAccelerator announced today that sales leader and go-to-market strategist Jay McGlynn has joined the company as Chief Revenue Officer. Jay brings more than 40 years of enterprise technology sales experience to a team delivering comprehensive Equipment Lease Management (ELM) solutions to Fortune 1000 companies.

Diversification of EB-5 Investor Pool is a Positive Evolution says Emilio N. Francisco, PDC CEO

COSTA MESA, Calif. /eNewsChannels/ -- NEWS: In response to the surge in EB-5 applications from mainland China, the U.S. State Department has announced a cutoff date for immigrant investors from mainland China applying for permanent residency in the U.S. through the EB-5 visa program, according to PDC Capital Group.

DocMagic Inc. announces it will launch a Collaborative Closing Platform for the mortgage industry

TORRANCE, Calif. /eNewsChannels/ -- NEWS: DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that it will launch a Collaborative Closing Platform for the mortgage industry. The solution is comprised of a secure, seamless and dynamic web-based portal that efficiently and expeditiously helps lenders comply with the TILA-RESPA Integrated Disclosure (TRID) rule that becomes effective on August 1.

OpenClose welcomes mortgage veteran Ken Ellis as director of business development

WEST PALM BEACH, Fla. /eNewsChannels/ -- NEWS: OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that industry veteran Ken Ellis has been hired as director of business development. Ellis will be responsible for selling the company's multi-channel LenderAssist(TM) LOS platform to lenders, banks and credit unions.

Mortgage Industry Veteran Joel Dulmage joins MCT Trading, Inc. as Regional Sales Director

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 Joel Dulmage has joined the company in the capacity of regional sales director. Mr. Dulmage will be responsible for new business development and client service management in the Midwest territory.

Mortgage Loan Connector provides Financial Service Firms with greater flexibility when changing Loan Origination Systems

ALTAMONTE SPRINGS, Fla. /eNewsChannels/ -- NEWS: CCMC Inc., the financial industry's integration experts, has announced a new offering available for its Mortgage Loan Connector solution, providing customers with greater flexibility when changing systems.

Mortgage Industry Elite Client Service Team announced by United Wholesale Mortgage

TROY, Mich. /eNewsChannels/ -- NEWS: United Wholesale Mortgage (UWM), one of the nation's largest and fastest growing wholesale lenders, announced that it launched Pronto, an expert help desk for its partners that gets any and all loan questions answered fast and efficiently.

Mid America Mortgage welcomes Adam Rieke as Director of National TPO Lending

ADDISON, Texas /eNewsChannels/ -- NEWS: Mid America Mortgage, Inc. owner and CEO Jeff Bode announced Adam Rieke has joined the organization as director of national TPO lending. Rieke brings an extensive track record of success in the mortgage lending arena. Over the last 23 years, he has built and managed several highly profitable wholesale lending operations.