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Archive | Banking and Finance

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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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.

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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.

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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.

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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.

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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.

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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.

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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.

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eValuation ZONE Introduces eVal Hybrid 1.0

CHICAGO, Ill., Sept. 23, 2014 (SEND2PRESS NEWSWIRE) — National valuation services provider, eValuation ZONE, Inc., announced today the launch of their new USPAP compliant product eVal 1.0, a hybrid valuation report utilized for a variety of programs such as HELOCs, REOs, as well as purchases and refinances for non-agency and portfolio programs.

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ReverseVision Launches Professional Services Division for Reverse Mortgage Lenders, Names Jeff Birdsell Vice President

SAN DIEGO, Calif., Sept. 18, 2014 (SEND2PRESS NEWSWIRE) — ReverseVision, Inc. today announced the launch of their Professional Services division aimed at helping reverse mortgage lenders and brokers to be more successful.

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Titan Lenders Corp. Educates Mortgage Lenders on CFPB’s ‘Mini-Correspondent’ Guidance

DENVER, Colo., Sept. 11, 2014 (SEND2PRESS NEWSWIRE) — Mortgage fulfillment outsource services expert Titan Lenders Corp. (Titan) announced it will conduct a weekly webinar series designed to educate mini-correspondents on meeting Consumer Financial Protection Bureau (CFPB) requirements through general fulfillment.

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ARMCO Pioneers Mortgage Industry Quality Control Benchmarking Solution

POMPANO BEACH, Fla., Sept. 4, 2014 (SEND2PRESS NEWSWIRE) — ARMCO – ACES Risk Management, a leading provider of web-based audit technology for the financial services industry, has announced the launch of ACES Analytics(TM), a business intelligence tool that will, for the first time, allow mortgage professionals to benchmark quality control results against industry peers. The benchmarking service is now available to ARMCO clients and will be open to participation from all lenders by the fourth quarter of 2014.

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HECM Reverse Mortgages Have Less Risk for Lenders says ReverseVision Board Member, Industry Expert Jeffrey Taylor

SAN DIEGO, Calif., Sept. 2, 2014 (SEND2PRESS NEWSWIRE) — Mortgage lenders offering the HUD-insured Home Equity Conversion Mortgage (HECM) will find that originating reverse loans carries fewer risks than traditional mortgages. Recent HUD changes have made these loans even better suited to serve their intended purpose, according to reverse mortgage expert Jeffrey Taylor, a ReverseVision board member and president of Wendover Consulting.

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Titan Capital Solutions Jumbo Correspondent Mortgage Program Has Historic Lock Month in June 2014, Adds 7 Approved Sellers in Q2

DENVER, Colo., Aug. 25, 2014 (SEND2PRESS NEWSWIRE) — Titan Capital Solutions (TCS), a wholly-owned jumbo correspondent investment subsidiary of mortgage outsource services provider Titan Lenders Corp., has announced June 2014 was its largest lock month in both volume and dollar amount since its inception in October 2012.

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IDS Launches Mortgage Compliance Resource Center for Doc Prep Clients

SALT LAKE CITY, Utah, Aug. 25, 2014 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS) announced it has launched a comprehensive ‘Resources’ website within its flagship doc prep system idsDoc. The main feature of the site, a compliance-focused blog authored by IDS Compliance Officer Jonathan Johnson, was made available to clients through the idsDoc doc prep platform on Aug. 8.

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Reverse Mortgage Volumes Trend Up in Closed Loan Data, FHA Endorsements a Lagging Indicator, says ReverseVision’s Rob Katz

SAN DIEGO, Calif., Aug. 12, 2014 (SEND2PRESS NEWSWIRE) — Contrary to what has been reported for the past six months, reverse mortgage originations have been trending up according to ReverseVision, the leading provider of reverse mortgage lending solutions. ReverseVision’s RV Exchange (RVX) is the leading reverse loan origination system (RLOS) and lending system of record for the majority of reverse lenders.

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IDS Passes SOC 2 Audit of Mortgage Doc Prep Services with No Exceptions

SALT LAKE CITY, Utah, Aug. 6, 2014 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS) announced it has passed its first Service Organization Control (SOC) 2SM audit with no exceptions. According to the American Institute of CPAs (AICPA), the organization that created the audit, SOC 2’s purpose is to assess the ‘controls at a service organization relevant to security, availability, processing integrity confidentiality, or privacy.’

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Scott Law Firm Automates Name Permutation Searches for Military Personnel to Comply with SCRA, Quandis Technology Enables

FOOTHILL RANCH, Calif., July 30, 2014 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading provider of mortgage servicing software, announced that Scott Law Firm, which serves the default servicing industry, is actively utilizing its new military search name permutation functionality. Scott Law Firm can now more easily and efficiently identify active duty military borrowers in the Department of Defense (DoD) database to comply with the Servicemembers Civil Relief Act (SCRA).

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ReverseVision Offers Free Online Course on HUD Mortgagee Letter Changes through RV University (RVU)

SAN DIEGO, Calif., July 23, 2014 (SEND2PRESS NEWSWIRE) — ReverseVision, Inc., the leading provider of business solutions for the reverse mortgage industry is offering a free on-line class focused on changes announced by HUD in recent Mortgagee Letters 2014-07 and 2014-12 through its ReverseVision University (RVU).

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OpenClose LOS Establishes Secondary Marketing Transparency and Control Across all Lending Channels

WEST PALM BEACH, Fla., July 11, 2014 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that lenders are successfully using the secondary marketing component of its LOS, LenderAssist(TM), to deliver greater insight and control for secondary marketing departments.

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PrimeLending Signs with Global DMS, Implements eTrac Valuation Management Solution

LANSDALE, Pa., June 24, 2014 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of Web-based compliant valuation management software, announced that PrimeLending, a national residential mortgage lender, successfully implemented its eTrac(R) valuation platform to compliantly automate the lender’s entire appraisal process.

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IDS Includes Multi-Browser Compatibility in Mortgage Doc Prep System Redesign

SALT LAKE CITY, Utah, June 19, 2014 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announces its flagship doc prep system idsDoc is now compatible with the three major Internet browsers — Google Chrome(TM), Microsoft Internet Explorer(R) and Mozilla Firefox(R).

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Quandis Adds Functionality to Help Prevent Foreclosures on Active Military Personnel

FOOTHILL RANCH, Calif., June 12, 2014 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading provider of mortgage servicing software, announces that it rolled out a new feature within its existing military search service that identifies multiple name variations of borrowers which could have active duty status in the U.S. military. If in default but on active duty, certain rules prohibit foreclosure. This comprehensive search reduces the risk of missing a name and potentially failing to comply with the Servicemembers Civil Relief Act (SCRA) of 2003.

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IDS Hires Compliance Officer Paul Morton to Assist in CFPB Mortgage Disclosure Implementation

SALT LAKE CITY, Utah, June 3, 2014 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS) announces it has expanded its compliance team with the addition of Paul Morton as compliance officer and assistant in-house counsel.

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