Banking and Finance

Banking Industry News, Mortgage Finance, and Payment Processing

Bank of Southern California

Bank of Southern California N.A. Changes its Ticker Symbol to OTC:BCAL for 2016

NEWS: Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), announced today that FINRA has approved a change in the Company's stock symbol. As of Monday, December 21, 2015 the new trading symbol for Bank of Southern California is BCAL. The former symbol, FBBN is no longer valid.

The Mortgage Collaborative Adds 16 New Mortgage Lender Members Nationwide for Jan. 2016

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: The Mortgage Collaborative (TMC), an independent mortgage lending cooperative, today announced the addition of sixteen new lenders to their national network of originating members, announced the Collaborative's EVP of National Sales and Strategic Alliances, Rich Swerbinsky.
Mid America Mortgage

Mid America Mortgage Seeks TRID Scratch & Dent Mortgage Loans

NEWS: Mid America Mortgage, Inc. Owner and Chief Executive Officer Jeff Bode announced the firm's interest in purchasing Scratch and Dent loans with TILA-RESPA Integrated Disclosure (TRID) infractions, even if a previous investor has rejected the loan for purchase.

2016 User Conference San Diego: ReverseVision Offers Lenders and REALTORS a Reverse Mortgage Education Track

SAN DIEGO, Calif. /eNewsChannels/ -- NEWS: ReverseVision, Inc. today announced that mortgage lenders, bankers and REALTORS(R) interested in learning why offering reverse mortgages in their lending portfolio allows them to better serve consumers are invited to attend a 'Reverse Mortgage Facts' track at its inaugural User Conference 2016 in San Diego January 20 - 22 at the Sheraton San Diego Hoteland Marina.

Marketing Tools for Real Estate Pros Enhanced through Mid America Concierge Service

NEWS: Mid America Mortgage, Inc. Owner and CEO Jeff Bode announced the firm has developed Mid America Concierge, an online marketing support portal for its strategic business partners, including real estate agents and brokers.
Mortgage Collaborative

NAHREP Consulting Services and The Mortgage Collaborative Announce Strategic Alliance

NEWS: The Mortgage Collaborative (TMC), an independent lending cooperative serving small- to mid-sized mortgage lenders and community-based lending institutions, has formed a strategic alliance with NAHREP Consulting Services (NCS), announced TMC Vice Chairman David G. Kittle, CMB.

ReverseVision announces its newest credit report partnership with Certified Credit Reporting

NEWS: ReverseVision, Inc. has announced its newest credit report partnership with Certified Credit Reporting, a nationwide provider of credit reports and mortgage information services. This integration within RV Exchange (RVX), ReverseVision's flagship reverse loan origination system (RLOS) platform, increases RVX users' choice of automated credit report services.

Financial Planning Expert Jamie Hopkins to Deliver Keynote Address for ReverseVision User Con 2016

NEWS: ReverseVision, Inc. today announced that noted financial planning expert Jamie Hopkins, Esq., JD, CLU(R), RICP(R), an associate professor of taxation at The American College in Bryn Mawr, Pennsylvania will deliver the keynote address at its inaugural User Conference 2016.

OpenClose’s LOS and LBA Ware’s compensation solution eliminates manual commission tracking and payouts

NEWS: OpenClose(R) an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, and Lending and Banking Automation Software (LBA Ware), the leading provider of commission automation software, have formed a partnership to seamlessly pass loan information from OpenClose's LenderAssist(TM) LOS into LBA Ware's CompenSafe application to automate the entire commission process.

MBA of Arkansas Mortgage Banker of The Year Announced at 2015 Fall Conference

NEWS: The Mortgage Bankers Association of Arkansas (MBAA) kicked off its annual Fall Conference with a dinner at the Little Rocks Arts Center. Arkansas Governor, Asa Hutchinson welcomed the crowd of over 100 attendees.

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.

NRMLA Honors ReverseVision’s Jeffrey S. Taylor for Reverse Mortgage Career Achievement

NEWS: ReverseVision, Inc. today announced that board member Jeffrey S. Taylor, Master CMB, has received the National Reverse Mortgage Lenders Association (NRMLA) Career Achievement Award. The award was presented to Taylor at NRMLA's 2015 Annual Meeting and Expo held November 16-18 in San Francisco.
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.

RV Exchange Credit Report Integration with MeridianLink announced by ReverseVision

NEWS: ReverseVision, Inc. has announced their newest credit report partnership with MeridianLink, a leading web-based platform for ordering and delivery of credit reports. This integration within RV Exchange (RVX), ReverseVision's flagship reverse loan origination system (RLOS) platform, increases RVX users' choice of automated credit report services.

Titan Expands Mortgage Data Reconciliation Tool mintrak2 to Be Data-Agnostic

NEWS: Mortgage services expert Titan Lenders Corp. announced it has expanded the capabilities of its data reconciliation platform mintrak2(R). Now known as DRMS(TM) (Data Reconciliation Management System), the system has been redesigned beyond its original MERS(R) applications to normalize, compare and reconcile multiple datasets from a variety of sources.

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.

ReverseVision Inc. Ranked No.367 Fastest Growing Co in North America on 2015 Fast 500

NEWS: ReverseVision today announced it ranked number 367 on Deloitte's Technology Fast 500, a ranking of the 500 'fastest growing' technology, media, telecommunications, life sciences and energy tech companies in North America. ReverseVision grew 175.1 percent during this period.
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.

VeroFORECAST: Veros Home Valuation Annual Forecast 2015 is Strongest in More Than Two Years

NEWS: Veros Real Estate Solutions, an award-winning industry leader in enterprise risk management, collateral valuation services and predictive analytics, today reports that residential market values will continue in a positive trajectory over the next 12 months, with overall annual appreciation rising to +3.6 percent from its Q2 forecast of 3.1 percent. The number of markets expected to increase in value is up to 94 percent from last quarter's 90 percent.

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.

Mortgage Collaborative welcomes 7 new members as part of 2015 growth

NEWS: The Mortgage Collaborative, an independent mortgage lending cooperative, today announced the formal approval of 7 new lenders to their national network of originating members, announced the Collaborative's EVP of National Sales and Strategic Alliances, Rich Swerbinsky.