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Finance News

Former Director of American International Industries, Inc. Files Civil Lawsuit Against Appraiser in Response to TALCB Investigation Results

HOUSTON, Texas, March 26, 2015 (SEND2PRESS NEWSWIRE) — Scott Wolinsky, a former director of American International Industries, Inc. (‘American'; OTC:AMIN / OTCMKTS:AMIN), and Maria T. Wolinsky, his wife, filed a civil lawsuit (Cause No. 2015-16578) against the appraiser of many of AMIN’s properties, George Kahle Group, LLC and its owner, George F. (‘Jeff’) Kahle, III, on 03/20/2015 in the 190th Judicial District Court of Harris County, Texas.

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United Wholesale Mortgage Launches Freddie Mac’s Home Possible Mortgage Program

TROY, Mich., March 25, 2015 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, announced today the availability of Freddie Mac’s new Home Possible(R) Mortgage program, which enables first-time home buyers and low- to moderate-income borrowers to achieve home ownership with only a three percent down payment.

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ArteQuesta Announces Acceptance of Bitcoin – Breaks down Financial Barriers and Opens Economic Doors

MILL VALLEY, Calif., March 24, 2015 (SEND2PRESS NEWSWIRE) — ArteQuesta, a fine art investment company, today announced the acceptance of Bitcoin as a method of payment for the purchase of artworks. Without excluding the typical form of monetary exchange, ArteQuesta is the first and only organization in the art investment world to accept Bitcoin.

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Emilio N. Francisco, PDC CEO, Announces Greater Scrutiny of EB-5 Investors

COSTA MESA, Calif., March 20, 2015 (SEND2PRESS NEWSWIRE) — Emilio N. Francisco, Chairman and Chief Executive Officer of private equity firm PDC Capital Group, announces a company-wide effort to increase scrutiny of potential investors it recruits for EB-5-funded projects.

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IDS Achieves Record Annual Mortgage Initial Disclosure Fulfillment in 2014

SALT LAKE CITY, Utah, March 20, 2015 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced 2014 as a record year, generating the most initial disclosure docs in a single year in the company’s history. In addition, IDS set a company record in January 2015 for the most amount of initial disclosures generated in a single month. Total initial disclosure volume for the company in 2014 increased 13.6 percent over 2013.

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OpenClose Again Selected by HousingWire as a Top 100 Most Innovative Technology Company

WEST PALM BEACH, Fla., March 19, 2015 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that it has been named to HousingWire magazine’s second annual HWTECH 100(TM) list for 2015. HW TECH100 honors the 100 most innovative technology companies serving the U.S. mortgage finance and real estate industries.

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Brokers Gaining Market Share Again: 2015 is the Beginning of Broker Resurgence

TROY, Mich., March 17, 2015 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, announced that its president and CEO, Mat Ishbia, will be speaking on a webinar regarding brokers gaining market share in 2015. The webinar will be held March 18, 2015 from 11 a.m. – 12 p.m. PDT (2 – 3 p.m. EDT).

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DocMagic Named to HousingWire Magazine’s Annual HW TECH100 List

TORRANCE, Calif., March 17, 2015 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that HousingWire magazine designated the company to its 2015 HW TECH100(TM) list. The list honors the 100 most innovative technology companies serving the U.S. mortgage finance and real estate industries.

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Emilio N. Francisco, PDC Capital Group CEO, Announces Priority Hiring for Military Veterans

COSTA MESA, Calif., March 10, 2015 (SEND2PRESS NEWSWIRE) — Emilio N. Francisco, Chairman and Chief Executive Officer of private equity firm PDC Capital Group, announced that PDC will give priority to military veterans when recruiting new hires to one of its companies.

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DocMagic Secures Exclusive Agreement with World Wide Notary, Inc. to Leverage eNotarization Technology for eClosings

TORRANCE, Calif., Mar. 10, 2015 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced today that it formed an exclusive strategic alliance with World Wide Notary, Inc. (WWN), a pioneering developer of electronic notarization services. The partnership integrates WWN’s patent pending DigaSign eNotary technology into DocMagic’s eServices platform to deliver a fully paperless eClosing solution.

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HousingWire Magazine Designates Global DMS to its TECH100 List for the Second Year

LANSDALE, Pa., March 10, 2015 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of web-based compliant valuation management software, announced that HousingWire magazine again named the company to its 2015 HW TECH100(TM) list. The list was officially introduced in 2014 and each year seeks to recognize the 100 most innovative technology firms in the U.S. housing economy.

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Worldwide Telecommunications Industry Revenue to hit $2.4 Trillion in 2020, says Insight Research

DURANGO, Colo., March 10, 2015 (SEND2PRESS NEWSWIRE) — Insight Research projects that telecommunications services revenue worldwide will grow from $2.2 trillion in 2015 to $2.4 trillion in 2019. Insight’s newly-released market analysis report, ‘The 2015 Telecommunications Industry Review: An Anthology of Market Facts and Forecasts’ includes regional and service forecasts, assessment of key growth drivers, analysis of industry trends, network infrastructure and access technologies, future services, OSS/BSS and capex spending, and enterprise telecom markets.

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Veros Selected as HousingWire’s HW Tech100 ‘Market Influence’ Category Winner

SANTA ANA, Calif., March 6, 2015 (SEND2PRESS NEWSWIRE) — Veros Real Estate Solutions (Veros), an award-winning industry leader in enterprise risk management, collateral valuation services and predictive analytics, announced today that it has been named the winner of the ‘Market Influence’ category in the 2015 edition of HousingWire’s HW TECH100(TM) list.

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ReverseVision Releases Financial Assessment-Required Screens by Original HUD March 2 Deadline

SAN DIEGO, Calif., March 6, 2015 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading software and technology provider for the reverse mortgage industry, has released an update to their RV Exchange LOS that includes all Financial Assessment critical screens and calculations. This release was targeted to meet the Department of Housing and Urban Development’s (HUD’s) original Financial Assessment (FA) implementation date of March 2.

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United Wholesale Mortgage Enhances Loan Tracking Technology

TROY, Mich., Feb. 26, 2015 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, announced that it has significantly enhanced its loan tracking technology called UTrack, which was redesigned specifically to allow borrowers and real estate agents to have real-time access to track their purchase and refinance loans.

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Emilio N. Francisco, PDC CEO, Names Pat Brown as Project Manager for SummerPlace Development

COSTA MESA, Calif., Feb. 26, 2015 (SEND2PRESS NEWSWIRE) — Emilio N. Francisco, Chairman and Chief Executive Officer of private equity firm PDC Capital Group, announced that Pat Brown is joining senior housing real estate company SummerPlace Development as Project Manager overseeing the development of SummerPlace Assisted Living and Memory Care projects.

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UPDATED: OpenClose Adds Industry Veteran Will Foy to its Growing Team of Technical Staff

WEST PALM BEACH, Fla., Feb. 26, 2015 (SEND2PRESS NEWSWIRE) — *RETRACTION* (correct and replace) — In a press release issued by OPENCLOSE on Feb. 24, an inadvertent error was included in the 7th paragraph that referred to Agile Alliance as a certifying body instead of an educational and trade group promoting Agile software development. The corrected full-text replacement announcement follows: OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announces that it has hired Will Foy as integration manager.

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EPIC’s Tammy Mission Honored as a 2015 Insurance Industry Power Broker

SAN FRANCISCO, Calif., Feb. 26, 2015 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that Tammy Mission has been recognized as a Power Broker and an Under-40 designee in the non-profit sector by Risk and Insurance Magazine. This is the second time Mission has received this honor, with her first recognition (also in the non-profit sector) coming in 2013.

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Mid America Mortgage Hires Joanna Shelton as Mortgage Compliance Manager

ADDISON, Texas, Feb. 24, 2015 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced it has hired financial compliance expert Joanna Shelton as the company’s next compliance manager. In addition, Shelton will oversee compliance for Mid America’s sister company Mortgage Machine Service and its flagship loan origination system (LOS) Mortgage Machine. Shelton brings more than 19 years of compliance expertise to Mid America.

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ReverseVision on Track for Financial Assessment Changes Despite HUD Delay

SAN DIEGO, Calif., Feb. 24, 2015 (SEND2PRESS NEWSWIRE) — John Button, president and CEO of leading reverse mortgage software and technology provider ReverseVision, says the Department of Housing and Urban Development’s (HUD) decision to delay implementation of its Financial Assessment (FA) rules provides a better opportunity for lenders to get the required technology changes including: ReverseVision’s, HUD’s and other systems implemented into their processes before using these tools in their day-to-day workflow.

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PDC CEO Emilio N. Francisco Announces $45 Million Capital Raise for Clear Currents

COSTA MESA, Calif., Feb. 20, 2015 (SEND2PRESS NEWSWIRE) — Emilio N. Francisco, Chairman and Chief Executive Officer of private equity firm PDC Capital Group, announced that PDC is raising $45 million in EB-5 immigrant investor funds to assist biodegradable organic chemical products firm Clear Currents, Inc.

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Quandis Unveils QLS, a Comprehensive Default Management Platform

FOOTHILL RANCH, Calif., Feb. 19, 2015 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading provider of default servicing software, announced that it launched Quandis Loan Servicing (QLS), an end-to-end default management platform that automates and compliantly manages the default process from start to finish. QLS is offered as an all-in-one system and also as modules so various components can be leveraged by servicers based on individual needs.

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ARMCO to Present QC Benchmarking Tool ACES Analytics at MBA Technology Conference’s First-Ever Tech Showcase

POMPANO BEACH, Fla., Feb. 18, 2015 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), a leading provider of web-based quality control software for the financial services industry, announced it has been selected to present during the inaugural ‘Technology Showcase. at the Mortgage Bankers Association’s (MBA’s) National Technology in Mortgage Banking Conference and Expo 2015 in Orlando.

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ShortSave CEO Points Servicers to Borrower Self-Service Technology for CFPB Compliance

MONUMENT, Colo., Feb. 18, 2015 (SEND2PRESS NEWSWIRE) — Karl Falk, CEO of ShortSave, Inc., the provider of an award-winning borrower-facing mortgage default servicing system, foresees servicers being hamstrung by the human-powered servicing model in meeting the Consumer Financial Protection Bureau’s proposed amendments to its servicer rules.

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MorVest Capital Says Recent Changes on FHA Loans Will Impact Mortgage Servicing Rights Fair Value

DALLAS, Texas, Feb. 18, 2015 (SEND2PRESS NEWSWIRE) — MorVest Capital, a specialized investment firm focused on providing strategic capital and analytics solutions to the mortgage banking and residential finance industry, is drawing mortgage servicers’ attention to the impact two recent changes will have on mortgage servicing rights fair value for FHA loans.

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Veros Delivers First Direct Connection to FHA’s Electronic Appraisal Delivery Portal

SANTA ANA, Calif., Feb. 17, 2015 (SEND2PRESS NEWSWIRE) — Veros Real Estate Solutions (Veros), an award-winning industry leader in enterprise risk management, collateral valuation services and predictive analytics, announced today that lenders interested in utilizing FHA’s recently announced Electronic Appraisal Delivery (EAD) portal can achieve a direct connection for electronic appraisal submission through Veros’ PATHWAY.

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