blacktop

Top States: CA | DC | FL | GA | MA | NC | NJ | NY | OH | TX | WA |

Archive | Finance

Finance News

MorVest Capital Completes New Mortgage Servicing Rights (MSR) Credit Facility, Adding to its Market Leading Total

DALLAS, Texas, Nov. 19, 2014 (SEND2PRESS NEWSWIRE) — MorVest Capital, in concert with its funding partner Customers Bank (NASDAQ: CUBI), today announced that this week it has closed another mortgage servicing rights (MSR) credit facility for a Virginia company, adding to its growing tally. MorVest Capital, LLC is a boutique investment firm primarily focused on providing capital and strategic solutions to the mortgage banking and residential finance industry.

Continue Reading

EPIC adds Andy D’Entremont in Birmingham, Alabama

SAN FRANCISCO, Calif., Nov. 17, 2014 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that Andy D’Entremont has joined Crawford McInnis, Brian Tanner and Wilson Long as a principal in Birmingham, Ala.

Continue Reading

New Changes to HUD Section 184 Native American Indian Home Loan Guarantee now will also allow for Refinance Transactions

DENVER, Colo., Nov. 14, 2014 (SEND2PRESS NEWSWIRE) — Native Americans with a tribal enrollment card have been eligible for a specialized Home Loan Guarantee Program (HUD Section 184) since 1992 to assist in the purchase of a new home, says Morgan Pennington, a Section 184 Licensed Mortgage Consultant at Universal Lending Corporation. Beginning this year, there are some new changes went into place that will make it even more attractive to Native American Indian homeowners.

Continue Reading

EPIC adds Crawford McInnis, Brian Tanner and Wilson Long in Birmingham, Alabama

SAN FRANCISCO, Calif., Nov. 10, 2014 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that Crawford McInnis, Brian Tanner and Wilson Long have joined the firm as principals in Birmingham, Ala.

Continue Reading

Bank of Southern California Acquires Frontier Bank, FSB dba El Paseo Bank

PALM DESERT, Calif., Nov. 7, 2014 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Markets FBBN / OTCMKTS:FBBN) announced today that it purchased substantially all the assets and liabilities of Frontier Bank, FSB dba El Paseo Bank through a purchase and assumption agreement with the FDIC.

Continue Reading

United Wholesale Mortgage Webinar to Offer Game-Changing Strategies to Increase Broker Business in 2015

TROY, Mich., Nov. 6, 2014 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, announced that it will be holding a webinar on game-changing strategies that brokers can utilize to generate more business in 2015. UWM’s president and CEO, Mat Ishbia, will personally be conducting the webinar.

Continue Reading

IDS Creates Internal Team to Manage Mortgage Doc Prep System Integrations

SALT LAKE CITY, Utah, Nov. 6, 2014 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has created an internal team devoted solely to developing and maintaining integrations between its flagship document preparation system, idsDoc, and its third-party partners.

Continue Reading

EPIC adds Sharon Rusconi as Vice President and Regional Surety Executive

SAN FRANCISCO, Calif., Nov. 5, 2014 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that surety executive Sharon Rusconi and her team have joined the firm in Sacramento, Calif. Rusconi’s book of business and other assets were purchased by EPIC from Lesron Insurance Agency, Inc.

Continue Reading

$30 Billion U.S. Telecommunications Private Line Services Market Starts to Decline, says Insight Research Corp.

DURANGO, Colo., Nov. 3, 2014 (SEND2PRESS NEWSWIRE) — The $30 billion U.S. private line services market has finally entered a period of no growth, says a market analysis study from Insight Research. Private line had always been a growth market for telcos and has been tracked by Insight for more than 18 years showing steadily increasing revenue growth. Yet the market is expected to decline 2.3 percent over the next five years, as the shift to packet-based Internet services allow customers to get higher bandwidth at lower costs which, in turn, is putting downward pressure on private line revenues.

Continue Reading

MCT Trading Wins Release of the Year Mortgage Technology Award

SAN DIEGO, Calif., Oct. 31, 2014 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized industry leader in risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, is pleased to announce that MCTlive!(TM), MCT’s best-in-class secondary marketing software platform, has been selected as the winner of Mortgage Technology magazine’s 2014 Release of the Year Award.

Continue Reading

EPIC Ranked #46 Among the World’s Top Insurance Brokers

SAN FRANCISCO, Calif., Oct. 28, 2014 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, has been ranked #46 among the world’s top insurance brokers in Finaccord’s Global Insurance Broking: A Strategic Review of the World’s Top 150 Commercial Non-Life Insurance Brokers.

Continue Reading

EPIC adds John Walsh as Executive Liability and Financial Lines Principal

SAN FRANCISCO, Calif., Oct, 21, 2014 (SEND2PRESS NEWSWIRE) — EPIC (Edgewood Partners Insurance Center), a retail property, casualty insurance brokerage and employee benefits consultant, announced today that John Walsh has joined the firm as their Principal of Executive Liability and Financial Lines insurance. Walsh brings more than 10 years of Financial Lines Broking, Placement, Underwriting, Business Development, Client Service, Operations and Claims Management experience to EPIC.

Continue Reading

The Compliance Group Taps Mortgage Quality Control, Operations Expert Jeremy Burcham as Chief Strategy Officer

CARLSBAD, Calif., Oct. 20, 2014 (SEND2PRESS NEWSWIRE) — Leading mortgage compliance services provider The Compliance Group, Inc. (TCG) announced it has hired Jeremy Burcham as Chief Strategy Officer. Bringing nearly 14 years of quality control and operations experience, Burcham will be responsible for formulating, facilitating and communicating TCG’s plans for the future. Burcham will also be working closely on product development and serving as a subject matter expert for sales and new technology initiatives.

Continue Reading

UWM Named to HousingWire Magazine’s Inaugural HW Fast50 List

TROY, Mich., Oct. 16, 2014 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, announced that it earned a spot on HousingWire’s inaugural HW Fast50(TM) list. UWM is referred to on the list as United Shore, which is its parent company. The company’s growth was derived almost entirely from UWM’s wholesale production.

Continue Reading

Mark Gustafson Joins Bank of Southern California

PALM DESERT, Calif., Oct. 16, 2014 (SEND2PRESS NEWSWIRE) — Bank of Southern California today announced that seasoned community banker, Mark Gustafson has been appointed to lead the bank’s Coachella Valley region. Mr. Gustafson most recently served as Market President for First California Bank which was sold and merged into Pacific Western Bank. He also served as President and CEO of Canyon National Bank, Ogden BancShares, Inc.

Continue Reading

EPIC adds Christopher Walker, Esq. as Director of Healthcare Compliance

SAN FRANCISCO, Calif., Oct. 15, 2014 (SEND2PRESS NEWSWIRE) — EPIC (Edgewood Partners Insurance Center), a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Christopher Walker, Esq. has joined the firm as Director of Healthcare Compliance and Associate General Counsel, Employee Benefits. Walker will be based in EPIC’s San Francisco headquarters and will report to Executive Vice President and General Counsel, Dan Crawford.

Continue Reading

Global DMS Rolls Out ATOM, an Enhanced Mobile Application for Appraisers

LANSDALE, Pa., Oct. 14, 2014 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of Web-based compliant valuation management software, announced that it launched Appraisal Tracking On Mobile (ATOM), an application that arms appraisers with robust functionality, instant access to information, and communication capabilities that facilitates greater productivity in the field.

Continue Reading

OpenClose Reports Banner Year, Adds Staff to Handle Increasing Demand for its End-to-End LOS Platform and Correspondent and Wholesale Solutions

WEST PALM BEACH, Fla., Oct. 14, 2014 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that it is adding technical staff to effectively manage a growing demand for its browser-based LOS platform, LenderAssist(TM), and accompanying solutions. Amid a down market, OpenClose is having its best revenue growth year in company history.

Continue Reading

EPIC Co-founder Dan Francis to Leave Firm

SAN FRANCISCO, Calif., Oct. 14, 2014 (SEND2PRESS NEWSWIRE) — EPIC (Edgewood Partners Insurance Center), a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Co-founder and Executive Chairman Dan Francis has elected to leave the firm effective November 1, 2014.

Continue Reading

EPIC adds Bill Cosgrove as Financial Institutions Practice Leader

SAN FRANCISCO, Calif., Oct. 13, 2014 (SEND2PRESS NEWSWIRE) — EPIC (Edgewood Partners Insurance Center), a retail property, casualty insurance brokerage and employee benefits consultant, announced today that William P. (Bill) Cosgrove has joined the firm as managing principal and Financial Institutions Practice leader. Cosgrove brings 28 years of insurance industry underwriting, production, marketing, client service, management and executive leadership experience to the firm.

Continue Reading

EPIC Names Insurance Veteran Peter Garvey as COO

SAN FRANCISCO, Calif., Oct. 9, 2014 (SEND2PRESS NEWSWIRE) — EPIC (Edgewood Partners Insurance Center), a retail property, casualty insurance brokerage and employee benefits consultant, today announced the appointment of insurance industry veteran Peter Garvey as Chief Operating Officer (COO), a newly created position reporting to CEO John Hahn. Bringing EPIC nearly 35 years of insurance brokerage strategic operations, mergers and acquisitions, and executive leadership experience, Garvey will be chartered with further accelerating EPIC’s growth momentum.

Continue Reading

ARMCO Integrates Mortgage Quality Control Software with Verification Services from Kroll Factual Data

POMPANO BEACH, Fla., Oct. 7, 2014 (SEND2PRESS NEWSWIRE) — ARMCO – ACES Risk Management, a leading provider of web-based audit technology for the financial services industry, has announced the seamless integration of its loan auditing platform with independent data verification services from Kroll Factual Data, a leading provider of credit, risk mitigation and third-party verification services to the mortgage industry.

Continue Reading

United Wholesale Mortgage Named a Finalist for Mortgage Technology Magazine’s Online Originator Award

TROY, Mich., Oct. 7, 2014 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, announced that it has been selected as a finalist for Mortgage Technology magazine’s 2014 Online Originator Award.

Continue Reading

Global DMS and Collateral Analytics Named Joint Finalists for Mortgage Technology Magazine’s Synergy Award

LANSDALE, Pa. and HONOLULU, Hawaii, Sept. 30, 2014 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of Web-based compliant valuation management software, and Collateral Analytics, a leading provider of real estate analytics and valuation products, announced that the two companies have been named finalists for Mortgage Technology magazine’s annual Synergy Award.

Continue Reading

MCT Trading Selected as Finalist for Mortgage Technology Magazine’s Release of the Year Award

SAN DIEGO, Calif., Sept. 30, 2014 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging, loan sale execution and risk management services, announced that it has been chosen by Mortgage Technology magazine as a finalist for the 2014 Release of the Year Award.

Continue Reading

Part of the Neotrope® News Network - Made in the U.S.A.