Tag: Finance

DENVER, Colo. /eNewsChannels/ -- In accelerated growth mode throughout the year, Titan Lenders Corp (TLC) added eight mortgage lenders as clients in the second half of 2010, and experienced a twofold 2009 to 2010 volume increase. TLC offers a parallel and variable cost alternative solution to lenders that need to maintain back office and warehouse line management operations.

NEW YORK, N.Y. /eNewsChannels/ -- According to The Associated Press' monthly analysis, higher unemployment and foreclosure rates, especially in South Atlantic and Mountain states, raised the nation's economic stress in November. This supports the findings from Foreclosure Data Online that confirms Colorado and Florida have more of the top 10 cities listed for the number of foreclosures.

PALO ALTO, Calif. /eNewsChannels/ -- Virtual Law Partners LLP is very pleased to announce that international law attorney Fred Ariel Rodriguez has joined the firm as a partner. Mr. Rodriguez specializes in international legal matters involving the transfer of personnel, goods, intellectual property and services across borders.

BALTIMORE, Md. /eNewsChannels/ -- Fidelis Mortgage, a veteran-owned reverse mortgage business, announced this week that Eric Rittmeyer, president Fidelis Mortgage, was one of the first in the nation to receive the designation of Certified Reverse Mortgage Professional (CRMP) created by the National Reverse Mortgage Lenders Association (NRMLA).

SALT LAKE CITY, Utah /eNewsChannels/ -- International Document Services, a mortgage document preparation vendor, and Del Mar DataTrac, Inc., the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, have rebuilt their partner interface to improve mortgage lenders' experience with the idsDoc platform and the DataTrac loan origination system of record.

PALO ALTO, Calif. /eNewsChannels/ -- Virtual Law Partners LLP is very pleased to announce that Denise Zack has joined the firm's Commercial Lending practice. Ms. Zack joins VLP from the Virginia office of Cooley LLP, where she served as special counsel in the Credit Finance and Leasing Finance practice groups and represented both institutional lenders and company borrowers in debt financings.

SAN FRANCISCO, Calif. /eNewsChannels/ -- SMARTSTOPS.net announced today that Cortal Consors S.A., a subsidiary of BNP Paribas, has incorporated SmartStops equity risk indicators into their website delivering powerful new risk management capabilities to their clients.

MIAMI, Fla. /eNewsChannels/ -- Record numbers of foreclosures hit the market in 2010, as well as record numbers of people looking to buy them, reports Foreclosure Deals, a leading online provider of foreclosure news and information, in a year-end Foreclosure Filings 2010 review. The record-breaking trend of 2009 continued throughout the year, and many experts are expecting them to climb even higher in 2011.

MANCHESTER, Vt. /eNewsChannels/ -- After hunkering down throughout 2010 recovering from a sobering 2009, banks will resume technology investments in 2011, in part with an eye toward meeting new demands on their payments operations, according to CONIX Systems, Inc.

NEW YORK, N.Y. /eNewsChannels/ -- Plenty it turns out, according to Drs. Richard Peterson and Frank Murtha, whose behavioral finance consulting firm, MarketPsych LLC, has been analyzing data on the investor personalities of thousands of professional and retail stock pickers.

SALT LAKE CITY, Utah /eNewsChannels/ -- Curt Doman, president of International Document Services, Inc. (IDS), a mortgage document preparation vendor, says lenders who have not adopted the Model Privacy Form are exposing themselves to unnecessary risk. Lenders are not required to adopt the Model Form and may, in fact, develop their own form to use.

SALT LAKE CITY, Utah /eNewsChannels/ -- International Document Services (IDS), a mortgage document preparation vendor, announced it has begun to phase out the Home Valuation Code of Conduct (HVCC) in response to an October 15 directive from Fannie Mae and Freddie Mac stating that the HVCC will no longer be the standard bearer for the protection of the home appraisal process beginning in 2011.

IRVINE, Calif. /eNewsChannels/ -- Loan-Score Decisioning Systems, an enterprise-class pricing and automated underwriting solutions provider, announced that its SVP of marketing and strategic alliances, Joe Bowerbank, was named to National Mortgage Professional magazine's 2010 Top 40 Under 40 Most Influential Mortgage Professionals list.

WALL, N.J. /eNewsChannels/ -- Market and economic commentator Peter Grandich has long stated that one of the biggest maladies with the American economy is our obsession with 'stuff.' The boom in the self-storage industry, he says, is symbolic of our addiction to excess.

WALL, N.J. /eNewsChannels/ -- Peter Grandich, dubbed the 'Wall Street Whiz Kid' on national television for calling the 1987 'Black Monday' market crash, has been making major top and bottom calls for 26 years. Now, Grandich has his bear suit back on, and is calling for a new top.

CARSON, Calif. /eNewsChannels/ -- Document Systems, Inc., the industry's leading technology provider for compliant mortgage loan document preparation, announced that its executive sales manager, Steve Ribultan, has been named to National Mortgage Professional magazine's Top 40 Most Influential Mortgage Professionals Under 40 list for 2010.

SAN DIEGO, Calif. /eNewsChannels/ -- California-based full-service mortgage banker Pinnacle Capital Mortgage (Pinnacle) credits Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, with enabling its adoption of paperless lending, streamlining its underwriting processes and strengthening its wholesale channel.

SALT LAKE CITY, Utah /eNewsChannels/ -- International Document Services (IDS), a mortgage document preparation vendor, raised more than $6,000 for Atlanta Habitat for Humanity during the IDS Cycling Challenge at the Mortgage Bankers Association's (MBA) 97th Annual Convention and Expo in Atlanta. IDS staff members, partners and conference attendees pedaled for a combined total of 202.06 miles over two days.

LOS ANGELES, Calif. /eNewsChannels/ -- The United States Global Entrepreneurs Association (USGEA) is proud to announce that one of its corporate members, Vickers Financial Group, a leading Venture Capital firm emerged a winner on October 5th at the Inaugural Singapore Venture Capital and Private Equity Association (SVCA) Annual Awards Gala Dinner held at the Shangri-La Hotel.

SALT LAKE CITY, Utah /eNewsChannels/ -- International Document Services (IDS), a mortgage document preparation vendor, has been approved by Wells Fargo (NYSE: WFC) to provide mortgage documents via e-delivery to loan applicants. The approval covers e-delivery for all mortgage documents, but typically, initial and pre-disclosures are the primary documents submitted to loan applicants electronically.

SAN DIEGO, Calif. /eNewsChannels/ -- Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions has completed the integration of its rules-based workflow automation platform DataTrac with Fannie Mae's EarlyCheck(TM) service. This EarlyCheck integration is included in DataTrac release 9.3R3, available for mortgage lender implementation beginning October 28, 2010.

CLIFTON, N.J. /eNewsChannels/ -- In an effort to expand small business financing to businesses previously ignored by business cash advance companies, FastUpFront has changed its financing qualifications and removed its funding limit.

ORANGE, Calif. /eNewsChannels/ -- Comergence Insurance Services, a wholly owned subsidiary of third-party originator (TPO) risk management solutions provider Comergence Compliance Monitoring, announced it now offers fidelity and professional indemnity insurance to TPOs - the first of its kind within the industry.

PARAMUS, N.J. /eNewsChannels/ -- Paul Granito, First Vice President, Financial Advisor at Morgan Stanley Smith Barney was one of approximately 500 financial advisors who were selected by their firms to attend the sixth-annual Barron's Winner's Circle Top Advisors Summit, hosted by Barron's magazine to promote best practices in the industry and the value of advice to the investing public.

NEW YORK, N.Y. /eNewsChannels/ -- Jeff Koch, senior loan officer of Preferred Mortgage Corporation, announced this week that Manhattan mortgage rates are at record lows. This information is based on a survey released by Freddie Mac, the second largest mortgage finance company. It reported that 30 and 15-year Manhattan mortgage rates either tied or reached record lows this last week.