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Finance News

3-percent Increase in Margins: Bitcoin Merchant Success Story

COPENHAGEN, Denmark, Dec. 16, 2014 (SEND2PRESS NEWSWIRE) — 6 months ago, Hungry, an online food-delivery portal connecting over 800 restaurants, started accepting Bitcoin payments using Coinify. After customers began asking about paying with Bitcoin, Hungry saw an opportunity to attract extra business. They chose Coinify Bitcoin payments because of their fraud-free, zero-chargeback alternative, and because Coinify enables them to receive Bitcoin payments directly to their bank account in local currency.

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Philadelphia Business Journal Honors Jody Collup with Women of Distinction Award

LANSDALE, Pa., Dec. 16, 2014 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of Web-based compliant valuation management software, announced that the Philadelphia Business Journal (PBJ) presented its vice president of marketing, Jody Collup, with the highly regarded Women of Distinction award.

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DocMagic Acquires Doc-Tech Corp., Further Establishing Market Dominance

TORRANCE, Calif., Dec. 9, 2014 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced today that it has acquired the assets of Doc-Tech Corporation, dba Document Express, a boutique document preparation company known for its exceptional customer service. The acquisition comes on the heels of DocMagic completing the purchase of award-winning eSignSystems in October.

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Pacific Union Financial Signs with OpenClose to Automate its Wholesale Lending Channel

WEST PALM BEACH, Fla., Dec. 9, 2014 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that Pacific Union Financial, LLC signed with the company to implement its multi-channel, 100 percent browser-based LOS platform, LenderAssist(TM). The comprehensive solution will automate Pacific Union Financial’s wholesale lending functions from start to finish and establish complete data control and visibility over processes.

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Employers with 1099 Contractors Can Learn to Prepare for Workers Comp Claims

SAN DIEGO, Calif., Dec. 5, 2014 (SEND2PRESS NEWSWIRE) — We are all looking to operate as lean as possible and many employers turn to 1099 employees to reduce tax and insurance burden, says Jamie Reid, CEO of AccuSure. But a big question remains: if they file a work comp claim, would it be covered? Can the insurance company charge premium on a work comp audit? These are important for employers to know.

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Mid America Mortgage to Integrate Affinity Lending Solutions

ADDISON, Texas, Dec. 3, 2014 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) owner and Chief Executive Officer Jeff Bode, and Houston-based Affinity Lending Solutions, LLC (Affinity), president and Chief Executive Officer Scott R. Valby, today announced their intention to integrate Affinity’s production operations and branch network into Mid America’s mortgage platform.

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Quandis Responds to White House Request to Partner with Banks and Servicers for New Military Personnel Program

FOOTHILL RANCH, Calif., Dec. 2, 2014 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading provider of mortgage servicing software, announced that it rolled out a website to help address President Obama’s New Executive Actions to assist service members, veterans and their families.

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United Wholesale Mortgage Introduces Investor Edge Product

TROY, Mich., Dec. 2, 2014 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, announced that it rolled out a new product called Investor Edge, which is designed specifically for borrowers that are looking to purchase or refinance non-owner occupied investment properties.

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ShortSave, Inc. Distressed Mortgage Work Out Solution Wins 2014 Servicing Trailblazer Award

MONUMENT, Colo., Nov. 25, 2014 (SEND2PRESS NEWSWIRE) — ShortSave, Inc., a mortgage industry technology innovator that helps distressed borrowers work out their loans with their lenders in a matter of days, was awarded the coveted Servicing Trailblazer Award at the 15th Annual Mortgage Technology Awards Ceremony on October 19 in Las Vegas.

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EPIC expands with the acquisition of Greyling Insurance Brokerage and Risk Consulting

SAN FRANCISCO, Calif., Nov. 24, 2014 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today it has acquired Greyling Insurance Brokerage and Risk Consulting, Inc., a specialty insurance broker and risk management consultant based in Atlanta, Ga., with locations in St. Louis, Mo. and Tampa, Fla.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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$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.

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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.

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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.

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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.

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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.

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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.

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