Category Archives: Banking

Kathy Gonzales Named Senior Vice President, Director of Branch Banking for Bank of Southern California N.A.

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has appointed Kathy Gonzales as Senior Vice President, Director of Branch Banking. She will be responsible for supporting the Bank's commitment to the customer experience by deepening customer relationships, and identifying opportunities to increase the bank's market share.

She will provide leadership and training to the bank's branch network in San Diego County, Orange County and the Coachella Valley in Riverside County. Recently the bank expanded its presence into Orange County, and is actively looking to expand in other Southern California markets.

Mrs. Gonzales is a tenured commercial and retail banking professional with more than thirty years of experience, including twenty years serving in senior management roles at various Southern California banks. She has a proven track record implementing successful business development tactics while emphasizing the importance of delivering best in class customer service. Mrs. Gonzales attended St. Mary's College in Los Angeles, and completed the Master's Certificate Banking Program from Pacific Coast Banking School.

"Kathy brings a wealth of commercial and retail banking experience to Bank of Southern California, having held leadership positions at both national and regional area banks," said Pamela Isaacson, Executive Vice President, Chief Administration Officer. "Her depth of knowledge and proven track record in driving business development, delivering outstanding service and increasing deposit share will be an asset to the Bank and further support our efforts to expand our presence in Southern California," concluded Isaacson.

About Bank of Southern California:
A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-medium sized businesses.

The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call 858-847-4780.

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Ticker: OTC Pink: BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink:BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has appointed Kathy Gonzales as Senior Vice President, Director of Branch Banking. She will be responsible for supporting the Bank's commitment to the customer experience by deepening customer relationships, and identifying opportunities to increase the bank's market share.

Related link: https://www.banksocal.com/

Bank of Southern California N.A. Opens Orange County Office

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the opening of a production office in Orange County in the city of Orange, Calif. In addition, the bank said it is actively looking to expand into other Southern California markets, as the company continues to grow the banks franchise throughout the Southern California region.

"The bank currently serves many clients who are based in Orange and Los Angeles counties, so our expansion into Orange County was the next, natural extension of our planned growth," said Nathan Rogge, president/CEO, Bank of Southern California. "The Orange County market is attractive, not only because of its proximity to the bank's existing footprint, but also because of the number of thriving and prosperous businesses in the region left unserved by larger regional and national banks."

Rogge said the new Orange County production office, staffed by business development officers and a few administrative employees will focus on originating business relationships with financing and cash management needs who desire the personal services of a dedicated Account Officer, but who are also comfortable managing their banking electronically through services such as online banking and bill payment, remote deposit capture, mobile banking, and electronic cash vault.

"The company's strategic vision is to become a leading community business bank serving the Southern California region, and grow into the bank's name as it implies," said Rogge. "Bank of Southern California has grown significantly in recent years through a combination of organic growth and acquisition, and we are continuing to pursue new market growth opportunities in 2018.

"Our clients recognize the value of our relationship-based, solutions driven approach, which combines the sophisticated financial expertise and tools of a large bank with the genuine, personalized service and local engagement of a community bank. We are pleased that we can now better serve Orange County businesses," concluded Rogge.

About Bank of Southern California:
A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professional, and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Ticker: OTC Pink: BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the opening of a production office in Orange County in the city of Orange, Calif. In addition, the bank said it is actively looking to expand into other Southern California markets, as the company continues to grow the banks franchise throughout the Southern California region.

Related link: https://www.banksocal.com/

Bank of Southern California NA Announces Third Quarter 2017 Results

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,088,043 for the third quarter of 2017, compared to $1,032,230 for the second quarter of 2017 and $642,186 for the third quarter of 2016. For the first nine months of 2017, net earnings were $2,830,295, compared to $2,106,775 for the first nine months of 2016.

Nathan Rogge, President and CEO of Bank of Southern California, commented, "Our significant improvement in earnings compared to the prior year is the result of the Bank's success in growing our loan and deposit portfolios, which is a testament to how our high quality commercial banking products and services are being received in the San Diego and Coachella Valley markets that we serve."

Total assets ended the third quarter of 2017 at $468 million, up from $434 million at June 30, 2017, and up from $418 million at September 30, 2016. Total loans increased to $388 million at September 30, 2017, compared to $354 million and $332 million at June 30, 2017, and September 30, 2016, respectively, while total deposits increased to $418 million at September 30, 2017, compared to $385 million at June 30, 2017, and $380 million at September 30, 2016.

"2017 is shaping up to be another record year for the Bank and we look forward to continuing this momentum in 2018. We have a great team of business banking professionals and their hard work is reflected in our results," concluded Rogge.

About Bank of Southern California:

A growing community bank established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, CA, is locally owned and managed, and offers a range of financial products and services to individuals, professionals, and small-to-mid sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County. For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Forward-Looking Statements:

This news release may contain comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) and Bank of Southern California intends for such forward-looking statements to be covered by the safe harbor provisions of that Act.

Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict. Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the ability of the Bank to successfully execute its business plan; changes in interest rates and interest rate relationships; changes in demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking legislation or regulation; changes in tax laws; changes in prices, levies and assessments; the impact of technological advances; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; and changes in the national and local economy.

Bank of Southern California undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contact:
Tony DiVita
Bank of Southern California
(858) 847-4783
tdivita@banksocal.com

Quarterly Financial Highlights Table:
For more details about our quarterly results, please visit the "About Us" / "Financials" page of our website and follow the link labeled: Quarterly Results and Trends - https://www.banksocal.com/about-us/financials/

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,088,043 for the third quarter of 2017, compared to $1,032,230 for the second quarter of 2017 and $642,186 for the third quarter of 2016. For the first nine months of 2017, net earnings were $2,830,295, compared to $2,106,775 for the first nine months of 2016.

Related link: https://www.banksocal.com/

Unity National Bank Pledges $100,000 Towards the Construction of New Tipp City Stadium

TIPP CITY, Ohio /ScoopCloud/ -- The Tipp Pride Association Board of Directors announced today that the organization has received a $100,000 sponsorship from Unity National Bank for the construction of Tipp City's new community stadium. The generous gift will lead ongoing fundraising to support stadium construction.

"Tipp pride can be felt everywhere in this community. You feel it as you walk down Main Street, attend school functions and participate in community events. Tipp City is a wonderful place to live, work and play. We are honored and proud to be part of it," states Lisa McGraw, Vice President, Commercial Cash Management for Unity Bank.

In recognition of the sizable donation, Members of the Tipp Pride Association (TPA) state that they intend to place Unity National Bank's logo prominently on the scoreboard of the new stadium.

Mashell Stith, president of TPA shared, "We are so thrilled about Unity National Bank stepping up to support Tipp City in this way. Words cannot describe the energy this creates for our entire community. It was so great to hear the Tippecanoe student section chant 'Thank You, Thank You' during the check presentation on the field Friday night."

The new Tipp City stadium will be constructed at the location of the current stadium within City Park. Replacement of the field, stands, buildings and scoreboard are estimated to cost approximately 5.6 million dollars. Tipp Pride Association is seeking private funding for this project.

"We are extremely grateful, humbled and honored by Unity National Bank's generous gift for the new football stadium," said J.D. Foust, Athletic Director for Tipp City Schools. "Their love and passion for Tipp City is truly incredible, and this gift will impact not only Tipp City's athletic programs but also our great community, well into the future. I believe that the vision shown by community leaders such as Unity National Bank and our school administration and board leadership will ensure continued success for all of our athletic and community programs well into the future."

Brett Baumeister, President of Unity National Bank, agrees, "Unity National Bank isn't just located in your town. We are your neighbors, and we care about helping the entire community thrive and prosper. Our commitment to you goes beyond financial services; you can count on Unity to support the people and organizations working to build a stronger community."

Tipp Pride Association intends to highlight significant donors and sponsors at each home football game this season. "There is no better place to provide recognition to donors than at the very same venue we are working to provide upgrades," states Scott George, vice-president of TPA, "It was easy to observe Friday night the packed stands in both the home and visitor bleachers while hundreds of spectators stood at the fence trying to enjoy the game."

The new stadium will increase available seating for home, visitor, and band to 3,500.

With a successful fundraising campaign, the stadium project could begin construction at the end of the 2017 football season.

ABOUT UNITY NATIONAL BANK:

With locations in Piqua, Tipp City and Troy, Unity National Bank provides customers with a full array of personal banking, business banking, and trust and investment products and services. Unity National Bank, founded in 1884, is one of the 11 Ohio community banks and two specialty finance companies in the Park National Family of Community Banks that make up The Park National Corporation (NYSE:PRK). Park had $7.8 billion in total assets as of June 30, 2017. For more information, visit https://unitynationalbk.com/.

ABOUT TIPP PRIDE ASSOCIATION:

Tipp Pride Association is committed to building a community stadium that supports our schools and is a source of pride for all of Tipp City. Our Mission is to raise private funds to build a new stadium for the community by the community. For more information, please visit https://tipppride.com/.

The Tipp Pride Association Board of Directors announced today that the organization has received a $100,000 sponsorship from Unity National Bank for the construction of Tipp City's new community stadium. The generous gift will lead ongoing fundraising to support stadium construction.

Related link: https://tipppride.com/

MEDIA ADVISORY: ReverseVision Experts Available to Discuss HUD Changes to HECM Reverse Mortgage Program

SAN DIEGO, Calif. /ScoopCloud/ -- The following ReverseVision experts, whose expertise on the Home Equity Conversion Mortgage (HECM) ranges from HUD guideline interpretation to market analysis to education, are available for interviews regarding HUD's planned changes to the HECM program:

* Dan Hultquist, CRMP | Director of Learning and Development

Expertise: HECM Education for Originators and Consumers

Dan Hultquist is an authoritative HECM educator who has trained more than 21,000 reverse mortgage professionals nationwide. He is a Certified Reverse Mortgage Professional (CRMP) and co-chairs the Education Committee for the National Reverse Mortgage Lenders Association (NRMLA). He also teaches continuing education courses that serve as annual requirements for CRMPs. Dan is the author of the book Understanding Reverse, which answers the top questions he has received as a national reverse mortgage trainer.

* John Button, President and CEO

Expertise: Market Analysis, Industry Impacts of HECM Regulation

John Button is a business-to-business executive, investor and entrepreneur with more than 30 years' experience in technology and business development strategies. As president and CEO of ReverseVision, John leads one of the country's fastest-growing technology companies as it serves an industry that is itself experiencing record growth.

* Jamie Hopkins, Esq., MBA, LLM, CLU(R), RICP(R) | Board Member

Expertise: The Role of Home Equity in Financial Planning and Retirement Income

Jamie Hopkins is associate professor of taxation and co-director of the New York Life Center for Retirement Income at The American College of Financial Services. He also holds the Larry R. Pike Chair in Insurance and Investments at The College, where he teaches courses in retirement, estate planning and life insurance. Hopkins' law review articles have been published by the American and Pennsylvania Bar Associations and various periodicals. In 2015, Investment News named Hopkins one of its top 40 financial services professionals under 40. He has contributed expert commentary on the strategic use of HECMs in retirement income planning to such outlets as Forbes, The New York Times and The Wall Street Journal.

* Jeff Birdsell, CMB | VP of Professional Services

Expertise: HUD Guideline Interpretation, HECM Technology

Jeff Birdsell has been one of the reverse mortgage industry's most sought-after technology experts for 25 years. Over the course of his career, Jeff has produced some of the industry's most prolific software solutions, including Financial Freedom's Reverse Mortgage Analyzer (RMA) and ReverseVision's RV Exchange. He was a founding board member of the National Reverse Mortgage Lenders Assocation (NRMLA) and remains an active board member to this day, serving on both the HUD Issues and Education committees. He has worked closely with HUD over the years as a primary translator of the agency's guidelines into industry-wide technology protocols.

To reach these business experts, please contact Leslie Colley at (404) 390-3830 or leslie@depthpr.com.

About ReverseVision:
ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on the home-equity conversion mortgage (HECM) and related reverse mortgage programs. With nearly 10,000 active users, ReverseVision technology is used by 10 out of 10 top reverse mortgage lenders and supports more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite also includes reverse mortgage sales and education tools and a dedicated professional services team. ReverseVision partners with some of the finest and fastest-growing banks, credit unions and lending organizations in the United States to provide its reverse mortgage technology to brokers, correspondents, lenders and investors.

A 2017 HousingWire TECH100(TM) company, ReverseVision has also been recognized in Deloitte's Technology Fast 500(TM) listing. ReverseVision's annual user conference, the only event of its kind in the industry, brings together more than 200 lenders, vendors and educators each year to advance reverse mortgage lending. The company continues to build on its technology's pioneering capabilities with frequent enhancements aimed at boosting users' reverse mortgage volume, workflow efficiency and data analysis capabilities.

For more information, visit http://www.reversevision.com/.

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The following ReverseVision experts, whose expertise on the Home Equity Conversion Mortgage (HECM) ranges from HUD guideline interpretation to market analysis to education, are available for interviews regarding HUD's planned changes to the HECM program.

Related link: http://www.reversevision.com/

Phil Rasori of MCT to Speak on Panel Session at Accounting for Mortgage Banking (AMB) User Conference on Topic of Hedge Accounting

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced that its COO, Phil Rasori, is scheduled to speak on a panel session hosted by Advantage Systems, Inc. at its third annual Accounting for Mortgage Banking (AMB) user conference.

The panel will be held in Newport Beach, Calif. at the Balboa Bay Resort on Thurs., June 22 at 1:30 p.m. - 3:00 p.m. (PDT).

Along with accounting experts, Mr. Rasori will provide insight to help accounting professionals understand how to best account for hedging activity. Entitled "All About Hedge Accounting," the session is geared toward controllers and CFOs, covering how to account for and report on hedging activity.

Advantage Systems' states that its annual AMB user conference offers various educational workshops along with breakout session topics that include best practices when using specific functionality within AMB; training sessions for calculating complex commissions; comprehensive use of AMB's dashboard features; and advanced reporting capabilities.

The conference also features hands-on training sessions in The Lab, where attendees receive training on the latest version of AMB.

About MCT:
Mortgage Capital Trading, Inc. (MCT) is a capital markets-focused risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, California in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Dallas, San Francisco and Charlotte.

MCT is a recognized leader in the industry and currently supports more than 150 clients on the HALO (Hedging And Loan sales Optimization) Program. The company also develops and supports MCTlive!(TM), an award-winning real-time, trading and best-execution secondary marketing platform. MCT's LockCentral(TM) is the industry's largest outsourced centralized lock desk service. In addition, MCT offers a suite of tools and supporting guidance for MSR needs. For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced that its COO, Phil Rasori, is scheduled to speak on a panel session hosted by Advantage Systems, Inc. at its third annual Accounting for Mortgage Banking (AMB) user conference.

Related link: https://mct-trading.com/

Mid America Mortgage Purchases eNote from First eClosing Transaction in North Carolina

ADDISON, Texas /ScoopCloud/ -- Mid America Mortgage, Inc. (Mid America) announced today it has purchased the eNote from North Carolina's first eMortgage transaction. The transaction, which was completed entirely electronically on May 5, was a refinance for a property in Winston-Salem and was executed by Hickory-based North State Bank. Upon completion of the closing, Mid America was able to purchase the resulting eNote within one business day after receiving the final loan package.

In a statement issued on May 9, North Carolina Secretary of State Elaine F. Marshall said: "This was our first North Carolina eClosing. It is not our last. We want this to become a regular option for lenders and their customers because of the many advantages eClosing offers versus the slower, traditional paper-based system.... We stand ready to work with all other North Carolina lenders to get them up to speed on this. One thing we all noted during this closing was that even though we tried to make it into a real ceremony -- it was still so fast and easy that we had a hard time not being finished in just a few moments."

"Given Mid America's desire to see full eClosings implemented nationwide, we were happy to play a role in this transaction by serving as the investor for this deal," said Mid America Owner and CEO Jeff Bode.

"We launched our eCorrespondent division with the specific intent of converting emerging mortgage bankers to eClosings and purchasing their eNotes. Having also implemented eClosings in our retail division, we've seen first-hand how eClosings can reduce errors in the closing process, resulting in lower origination costs and more satisfied borrowers. With origination volume expected to decline this year, now is the time for lenders to get on board with eClosings."

"As Secretary Marshall noted, eNotarization is an essential component in moving not just mortgages, but all legal filings, into the digital age," Bode added. "As such, Mid America has been working closely with the Texas Mortgage Bankers Association to move the Texas Remote Notary bill through the state legislature, and we feel confident that eNotarization will soon become legal in the state of Texas."

About Mid America Mortgage, Inc.:

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, most recently with its adoption of electronic mortgage closings (eClosings) and promissory notes (eNotes). We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners, and are also the nation's leading provider of Section 184 home loans for Native Americans.

Mid America is looking for tech-savvy, service-oriented mortgage professionals to join its growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit http://www.midamericacareer.com/.

Additional information about Mid America Mortgage, Inc. can be found on the company's website at http://www.midamericamortgage.com/about/.

Twitter: @midamericamtge

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Mid America Mortgage, Inc. (Mid America) announced today it has purchased the eNote from North Carolina's first eMortgage transaction. The transaction, which was completed entirely electronically on May 5, was a refinance for a property in Winston-Salem and was executed by Hickory-based North State Bank. Upon completion of the closing, Mid America was able to purchase the resulting eNote within one business day after receiving the final loan package.

IDS Receives Certification from Fannie Mae, Freddie Mac for Its UCD XML File

SALT LAKE CITY, Utah /ScoopCloud/ -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced its Uniform Closing Dataset (UCD) XML file has been certified to meet all UCD requirements by both Fannie Mae and Freddie Mac ahead of the GSE's September 25 deadline for UCD delivery. To have its UCD XML file certified by the GSEs, IDS underwent an extensive testing process to ensure the dataset was delivered in a GSE-acceptable format.

"With the implementation deadline for UCD looming, we knew we wanted to get ahead of the changes to ensure our clients have a seamless transition once implementation is required, and having our XML file certified by the GSEs is a major step in that direction," said Mark Mackey, vice president and general manager of IDS. "To be the first mortgage document vendor to have its XML file certified by the GSEs is a testament to IDS's commitment to keeping our clients ahead of the compliance curve and enhance their ability to deliver defect-free loan documents and data."

According to the GSEs, the UCD "is a component of the Uniform Mortgage Data Program(R) (UMDP(R)), an ongoing effort by Fannie Mae and Freddie Mac at the direction of our regulator, the Federal Housing Finance Agency, to provide a common industry dataset to support the Consumer Financial Protection Bureau's (CFPB) Closing Disclosure."

Beginning this fall, lenders selling to the GSEs will be required to submit the XML file, which includes a PDF copy of the Closing Disclosure (CD), prior to delivery of the final loan package for all loans with a Note Date on or after September 25, 2017. In this initial phase, the GSEs will only require the borrower CD and associated data. After a year, lenders will then have to provide the seller CD and associated data in the UCD file as well. The UCD XML file created by IDS is already capable of embedding and delivering the CD and data for both the borrower and the seller.

"The aim of the UCD is to provide the mortgage industry with consistency, clarity and transparency - all of which are also long-held goals for the mortgage industry - so this is one of the few instances where change is welcome," Mackey added. "IDS has always strived to provide our clients with strong LOS integrations to deliver a uniform experience that maintains the integrity of the data being exchanged, and the UCD simply helps us take that enterprise to the next level."

About IDS, Inc.:

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include electronic signatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regards to major industry compliance changes. Information: http://info.idsdoc.com/.

Mortgage document preparation vendor International Document Services, Inc. (IDS), announced its Uniform Closing Dataset (UCD) XML file has been certified to meet all UCD requirements by both Fannie Mae and Freddie Mac ahead of the GSE's September 25 deadline for UCD delivery. To have its UCD XML file certified by the GSEs, IDS underwent an extensive testing process to ensure the dataset was delivered in a GSE-acceptable format.

Jim Paul Joins Bank of Southern California N.A.

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Jim Paul has joined the Bank as Vice President, Business Banking at the Del Mar Corporate office. He will primarily focus on building new client relationships for the bank.

Mr. Paul has over twenty-five years of sales and business development experience, building long-term, profitable relationships in new markets both individually and through team efforts. Most recently, Jim was the Vice President of Business Banking at BBVA Compass Bank in Dallas, Texas.

"We are pleased to welcome Mr. Paul to San Diego and Bank of Southern California. He is a seasoned relationship banker with a strong track record of originating new business and developing profitable client relationships," commented Tony DiVita, Executive Vice President and Chief Banking Officer.

"As we continue to expand our bank's business development division, we are excited that we are assembling a team of professionals with such diverse backgrounds, but with a shared focus of providing a high-level client experience," concluded DiVita.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professional, and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

REF: OTC Pink: BCAL / OTCMKTS:BCAL / PINK:BCAL / OTC:BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Jim Paul has joined the Bank as Vice President, Business Banking at the Del Mar Corporate office. He will primarily focus on building new client relationships for the bank.

Texas Capital Bank Implements DocMagic’s Total eClose Solution for eWarehouse Lending

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Texas Capital Bank has implemented its Total eClose(TM) solution. This implementation enables the bank to function as an eWarehouse lender. They can now accept and fund eNotes from its lender customers that want to drastically speed up the process of closing and selling loans.

Total eClose(TM), DocMagic's eClosing technology, is a single-source, centralized platform that provides all necessary components to enable a completely paperless digital closing. Texas Capital Bank is a leading provider of warehouse credit facilities to fund mortgage origination and acquisition.

Texas Capital Bank recently funded its first eNote with a key lender client using DocMagic's eMortgage technology suite. The eNote was instantly delivered to the bank, registered with MERS, and securely stored in DocMagic's eVault. They completed the entire transaction electronically and transferred the eNote to Fannie Mae in minutes, rather than days.

"DocMagic's eClosing and eMortgage solutions have provided Texas Capital Bank with the tools necessary to incorporate the funding of eNotes into our everyday operational procedures," said Donnie Martin, Executive Vice President at Texas Capital Bank. "We believe the digital mortgage revolution and acceptance of eNotes will continue to grow. We are pleased to have partnered with DocMagic to build out the infrastructure needed to support the eNote funding process at the bank, which in turn supports the trend towards digital mortgages."

"It's very rewarding to support Texas Capital Bank as they move forward and break ground as an eWarehouse leader," said Dominic Iannitti, president and CEO of DocMagic. "In this industry, it's forward-thinking, tech-savvy organizations like this that thrive, set the pace and reach their goals. They understand the fundamental role that advanced technology plays in their - and the industry's - progress. We look forward to collaborating further as we help drive true end-to-end eMortgage adoption."

The Consumer Financial Protection Bureau (CFPB) has repeatedly encouraged lenders to implement eClosing technology and operational processes to make obtaining a home loan as easy as possible for borrowers.

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

About Texas Capital Bank
Texas Capital Bank is a commercial bank that delivers highly customized financial services to businesses across the country, including credit and treasury solutions designed for mortgage lenders through our Mortgage Finance division. Texas Capital Bank is a wholly owned subsidiary of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) and is recognized as one of Forbes Best Banks in America and The Dallas Morning News' Top 100 Places To Work. To learn more, please visit https://www.texascapitalbank.com/.

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Texas Capital Bank has implemented its Total eClose(TM) solution. This implementation enables the bank to function as an eWarehouse lender. They can now accept and fund eNotes from its lender customers that want to drastically speed up the process of closing and selling loans.

The Mortgage Collaborative President and Vice Chairman David G. Kittle Issues Statement Supporting Mortgage Bankers Association GSE Reform Proposal

SAN DIEGO, Calif. /ScoopCloud/ -- On behalf of its network of lenders, David G. Kittle, CMB, president and vice chairman, The Mortgage Collaborative, has issued the following statement on the Mortgage Bankers Association's (MBA) release of its GSE Reform proposal, "GSE Reform: Creating a Sustainable, More Vibrant Secondary Mortgage Market":

"The issue of GSE reform is critically important for the independent mortgage banks, community banks and credit unions that today originate more than 3 out of every 4 home loans in the country," said Kittle. "The MBA's reform proposal recognizes the value of a competitive and diverse primary market, and calls for important reforms that will provide stable liquidity for the 30-year fixed mortgage and preserve a level playing field for smaller lenders.

"Guarantee fees based on loan quality not volume, and a new structure that encourages increased private capital flow into the primary market are all central elements to the MBA plan and key principles for the members of The Mortgage Collaborative," Kittle said.

The Mortgage Collaborative network is more than 100 lenders strong, with an annual origination volume of $156 billion. The network caters to lenders of all sizes, with the majority of members generating between $500 million and $2 billion in originations annually.

About The Mortgage Collaborative:

Based in San Diego, The Mortgage Collaborative was founded in 2013 to empower mortgage lenders across the country with better financial execution, reduced costs, enhanced expertise, improved compliance, and to help its members access the dynamic and changing consumer base in America. The association is managed by its founding members: John Robbins, CMB; David Kittle, CMB; Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP); and Jim Park, former chair of the Asian Real Estate Association of America (AREAA). Robbins and Kittle are former chairmen of the Mortgage Bankers Association of America (MBA). For more information, visit: http://www.mortgagecollaborative.com/.

On behalf of its network of lenders, David G. Kittle, CMB, president and vice chairman, The Mortgage Collaborative, has issued the following statement on the Mortgage Bankers Association's (MBA) release of its GSE Reform proposal, "GSE Reform: Creating a Sustainable, More Vibrant Secondary Mortgage Market":

Melyn Acasio Joins Bank of Southern California, N.A.

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Melyn Acasio has joined the Bank as Vice President, Client Relationship Manager at the Del Mar Corporate office. She will primarily focus on building new client relationships for the bank.

Ms. Acasio brings with her over thirty years of experience in the financial industry, developing highly profitable banking relationships in San Diego. Most recently, Melyn held a similar role at Seacoast Commerce Bank in San Diego.

"We are excited to welcome Melyn to our growing team of bankers. Her expertise in building meaningful relationships with clients and her vast experience in the banking industry strengthens our mission of delivering banking solutions to clients with a high-level customer service and relationship banking approach," commented Tony DiVita, Executive Vice President and Chief Banking Officer. "The expansion of our San Diego team shows our continued commitment to serving the individuals, businesses, and professionals in our community," concluded DiVita.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professional, and small-to-medium sized businesses.

The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

REF: OTC Pink: BCAL / OTCMKTS:BCAL / PINK:BCAL / OTC:BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Melyn Acasio has joined the Bank as Vice President, Client Relationship Manager at the Del Mar Corporate office. She will primarily focus on building new client relationships for the bank.

Bank of England Mortgage Helps Customers Get More Out of Retirement with Home Equity Conversion Mortgages (HECM) and ReverseVision Technology

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced that Bank of England (BOE) Mortgage, a nationwide mortgage lender based in England, Arkansas, has selected RV Exchange (RVX) loan origination software (LOS) to support its growing Home Equity Conversion Mortgage (HECM) division.

Branch Manager Chad Cavanaugh, who oversees the lender's HECM division from its Farmington Hills, Michigan location, said that implementing RVX will support BOE Mortgage as it grows the HECM division and expands availability of a home-equity product that is a boon for retirees. BOE Mortgage has been in business for 118 years and provides customers access to hundreds of mortgage products, including HECMs.

"A HECM loan can be a great solution for anyone over 62 who's on a fixed income, and more people are recognizing its value every day," Cavanaugh said. "With HECM, we can give our customers a way to keep their home and still enjoy the equity they've put into it. It's a great way to deepen our relationship with customers as they move into retirement."

Cavanaugh said the bank chose to work with ReverseVision because of its reputation as the industry standard and its smooth integration with other systems.

"RVX integrates easily with our other software, so salespeople and loan officers can all easily work together on the same file," said Cavanaugh. "Information only has to be entered once, and then RVX populates all relevant programs and documents. This makes our process more efficient and helps position us for some significant growth in the HECM arena."

RVX is ReverseVision's flagship product and serves clients as a centralized exchange that connects all participants in the lifecycle of a reverse mortgage - a model that is unique in the mortgage industry. By logging in to a single system, participants can work together on each part of the loan process, from point of sale, processing, underwriting, funding and post-closing to secondary marketing. In addition to a more efficient process, Bank of England will benefit from reduced document errors, heightened information security and shorter fulfillment timelines.

"We're delighted to partner with Bank of England in helping customers achieve a more well-rounded retirement portfolio through this home-equity product," said ReverseVision Vice President of Sales and Marketing Wendy Peel. "People 62 and older hold over $6 trillion in home equity in the U.S., making HECM origination not only an excellent business decision but also a smart customer relationship move to serve the bank's most valuable customers: baby boomers."

About Bank of England Mortgage:

With locations in 39 states and licensed to lend in all 50, Bank of England Mortgage has been meeting the needs of homebuyers since 1898. It operates as a division of Bank of England, a locally owned bank headquartered in England, Arkansas, that prides itself on providing clients the expertise and services traditionally offered by the largest financial institutions in the country - but with the integrity of a community bank. BOE Mortgage focuses on helping clients find home loan and refinancing options that fit their needs and lifestyle. More than 1,000 employees in 93 locations offer the most comprehensive selection of mortgage and refinance options on the market.

About ReverseVision:

ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on the home-equity conversion mortgage (HECM) and related reverse mortgage programs. With nearly 10,000 active users, ReverseVision technology supports more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite also includes reverse mortgage sales and education tools and a dedicated professional services team. ReverseVision partners with some of the finest and fastest-growing banks, credit unions and lending organizations in the United States to provide its reverse mortgage technology to brokers, correspondents, lenders and investors.

A 2017 HousingWire TECH100(TM) company, ReverseVision has also been recognized in Deloitte's Technology Fast 500(TM) listing. ReverseVision's annual user conference, the only event of its kind in the industry, brings together more than 200 lenders, vendors and educators each year to advance reverse mortgage lending. The company continues to build on its technology's pioneering capabilities with frequent enhancements aimed at boosting users' reverse mortgage volume, workflow efficiency and data analysis capabilities.

For more information, visit http://www.reversevision.com/.

ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced that Bank of England (BOE) Mortgage, a nationwide mortgage lender based in England, Arkansas, has selected RV Exchange (RVX) loan origination software (LOS) to support its growing Home Equity Conversion Mortgage (HECM) division.

Cloudvirga Introduces AccountChek Automated Asset Verification into Its intelligent Mortgage Platform

ATLANTA, Ga. /ScoopCloud/ -- FormFree today announced that cloudvirga(SM), developer of the automated, cloud-based intelligent Mortgage Platform(R) (iMP), has selected AccountChek(TM) for automated asset verification. Cloudvirga's custom integration of AccountChek into the iMP collects borrower account information early in the loan application process and offers a seamless asset verification experience unlike any other mortgage point-of-sale (POS) system in the marketplace today.

"Cloudvirga is re-engineering the mortgage workflow with a relentless focus on increasing efficiency and driving down the cost of lending," said Kyle Kamrooz, co-founder of cloudvirga. "Our partnership with AccountChek by FormFree exemplifies how cloudvirga delivers on the promise of true automation."

A next-generation mortgage POS system, the iMP takes consumer empowerment way beyond the typical digital loan application while automating the entire initial disclosures process for loan officers and consumers in all 50 states. The POS gives consumers and loan officers an automated, intuitive and compliant workflow while moving many traditional back-office tasks to the front of the loan process.

FormFree's flagship app, AccountChek allows borrowers to securely link asset and deposit data from virtually any financial institution. Within seconds, lenders receive detailed analysis on the borrower's ability to repay. Trusted by hundreds of lenders and hundreds of thousands of borrowers, AccountChek was the first provider of asset verification to participate in Fannie Mae's Day 1 Certainty(TM) initiative.

"AccountChek is a perfect fit for the intelligent Mortgage Platform, not just because we're the most trusted name in asset verification, but also because we share cloudvirga's vision of a more modern and efficient way of lending," said Brent Chandler, chief executive officer and founder of FormFree. "By not only collecting but applying sophisticated analysis to borrower data, AccountChek completely eliminates the need for back-office verification."

About cloudvirga(SM):

Cloudvirga is the company behind the cloud-based intelligent Mortgage Platform(R) (iMP) designed to streamline the mortgage process. The platform is digitizing the mortgage industry by deploying an automated workflow to reduce overall cost, increase transparency and shorten the time it takes to close a loan for both borrowers and lenders. Founded by Bill Dallas, Kyle Kamroo, and Mark Attaway, seasoned financial veterans with a proven track record of building mortgage-related technologies, cloudvirga is disrupting the antiquated mortgage industry.

For more information, visit http://www.cloudvirga.com/ or follow cloudvirga on LinkedIn at https://www.linkedin.com/company-beta/7577062/.

About FormFree:

Leading lenders trust Athens, Georgia-based FormFree to deliver automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(TM), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. Lender tested and GSE approved, AccountChek securely delivers automated asset verification data and on-demand reports to more than 200 leading U.S. lenders and their millions of customers. FormFree was named one of American Banker magazine's "Top 10 Tech Companies to Watch" in 2015.

For more information, visit http://www.formfree.com/.

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FormFree today announced that cloudvirga(SM), developer of the automated, cloud-based intelligent Mortgage Platform(R) (iMP), has selected AccountChek(TM) for automated asset verification. Cloudvirga's custom integration of AccountChek into the iMP collects borrower account information early in the loan application process and offers a seamless asset verification experience.

LBA Ware Adds Matthew Marshall as Solutions Consultant

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced it has hired Matthew Marshall as a solutions consultant to support the firm's sales efforts. In this role, Marshall will be responsible for articulating the value proposition of LBA Ware's solutions through preparing and delivering technical presentations to clients and prospects, while also collaborating with the sales team to understand customer requirements and provide support where needed.

"The demand from mortgage lenders for solutions that facilitate the efficient assembly and organization of data and eliminate redundant, manual, and inefficient processes has steadily increased," said Lori Brewer, founder of LBA Ware. "Matthew Marshall's deep background in project management and FinTech solutions makes him uniquely qualified to help LBA Ware manage its next stage of growth."

Before joining LBA Ware, Marshall served as a project manager and strategic business advisor for Q2ebanking, a leading provider of secure, cloud-based digital banking solutions for community-focused financial institutions (FIs). While at Q2ebanking, Marshall was responsible for developing readiness and execution plans for FIs undergoing online banking system and core conversions, as well as the installation and upgrading of Q2ebanking's digital banking products. Marshall is also a veteran of the United States Army, serving first as an enlisted combat medic and later as an infantry officer.

"I've followed LBA Ware since moving to central Georgia and am excited to have an opportunity to continue my career in financial technology with such a reputable and progressive company. LBA Ware's reputation and operating culture are second to none," Marshall said.

Marshall received his Bachelor of Arts degree in Administration of Justice and Spanish from the University of Southern Mississippi and his Masters of Business Administration in Finance from the American Military University.

About LBA Ware:
Founded in 2008 and headquartered in Macon, Ga., LBA Ware is a leading provider of mortgage and retail banking technology solutions. With over 25 lending-oriented applications still in operation today, LBA Ware provides cutting edge solutions that leverage automation and system integration to ease the pain points of repetitive manual workflow, empowering lenders to maximize productivity and operational efficiency.

For more information about LBA Ware and their software solutions, visit http://lbaware.com/.

LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced it has hired Matthew Marshall as a solutions consultant to support the firm's sales efforts. In this role, Marshall will be responsible for articulating the value proposition of LBA Ware's solutions.

Lender Price to Unveil the Lender Price Marketplace at 2017 NAMB East Association of Mortgage Professionals Convention

PASADENA, Calif. /ScoopCloud/ -- Lender Price, the emerging leader in real-time, competitive mortgage analytics and product pricing & eligibility (PPE) solutions announced today that it is launching the Lender Price Marketplace at the 2017 NAMB East Association of Mortgage Professionals Convention exhibit in Atlanta, Georgia on March 16 - 18.

The Lender Price Marketplace delivers real-time wholesale lender pricing to any smartphone, tablet, or computer and is available to all licensed mortgage Brokers and their mortgage loan originators (MLOs). The initial launch of Lender Price Marketplace includes a great mix of top wholesale lenders leading the way to a more efficient mortgage ecosystem.

"Lender Price Marketplace ushers the mortgage industry into a new era of financial technology. The Marketplace delivers accurate pricing and eligibility to all mortgage industry stakeholders on all devices," said Lender Price founder and CEO Dawar Alimi. "We are committed to advancing the availability of best-in-class technology to the entire industry, from the individual originator to the largest banks and TPO investors."

Sign up today for instant access at http://lenderprice.com/marketplace/.

Wholesale lenders interested in joining the Marketplace can call Lender Price Business Development at 626-486-0171 or email sales@lenderprice.com

The Lender Price NAMB East Convention exhibit will be at Booth 411 in the International Ballroom.

About Lender Price:

Lender Price is a California-based big data technology innovator and developer of a real-time, competitive mortgage analytics and pricing & product eligibility (PPE) platform complete with full mobile functionality and unprecedented business intelligence. With Lender Price, wholesale and correspondent lenders, banks, and credit unions can knowledgeably manage product pricing for all mortgage types: conforming, non-conforming, non-QM, and specialty loans. The PPE platform delivers innovative features that include: built-in compliance checks, capital market tools, margin management, lock desk, customized workflows and mobile functionality.

Lender Price allows lenders to focus on what they do best by removing the burden of technology development and management. For more information, visit http://lenderprice.com/ or send email to: Contact@LenderPrice.com.

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Lender Price, the emerging leader in real-time, competitive mortgage analytics and product pricing & eligibility (PPE) solutions announced today that it is launching the Lender Price Marketplace at the 2017 NAMB East Association of Mortgage Professionals Convention exhibit in Atlanta, Georgia on March 16 - 18.

Record Attendance Expected at Texas Mortgage Bankers Association’s 101st Annual Convention

AUSTIN, Texas /ScoopCloud/ -- The Texas Mortgage Bankers Association (TMBA) announced today the location and dates of its 101st Annual Convention. This year's conference - "Defining Our Future" - will be held at the Hyatt Regency Hill Country Resort and Spa in San Antonio, Texas on May 21 - 23, 2017.

Every year the exhibit hall sells out along with sponsorship and other marketing opportunities also filling up quickly. The TMBA is expecting record attendance of more than 1,000 registrants.

The three-day agenda was developed to offer attendees new information, guidance, trends, insight, and emerging strategies in in the mortgage industry. Notable topics include: Conversation with the Honorable George W. Bush; How Changes in Washington D.C Will Affect the Mortgage Industry; Changes to HMDA and Fair Lending Implications; How the Best Originators in the Country Build Predictable Cash Flow; Technology and our Next 100 Years; Leadership Lessons From Ritz Carlton and Disney; Best Use of Social Media to Grow Your Business; and more.

"As an industry, we are operating in an ever-changing, compliance intensive business landscape with a significant degree of uncertainty on the horizon," said President of the TMBA, Mary Pirrello. "This year's conference will provide mortgage bankers with invaluable information on new tactics and strategies to help navigate through industry changes and achieve ongoing success and sustainability."

Keynote speakers include:

* George W. Bush - 43rd President of the United States and Founder of the George W. Bush Presidential Center.
* Bill Hart-Executive Coach, Building Champions.
* David Horne-Lobbyist and Consultant, David L. Horne, LLC.
* J. David Motley, CMB-Chairman-Elect, Mortgage Bankers Association.
* Mark K. Updegrove-CEO, National Medal of Honor Museum.

Event details:
* Location: Hyatt Regency Hill Country Resort and Spa in San Antonio, Texas.
* Dates: May 21 - 23, 2017.

To learn more about the event visit https://www.texasmba.org/convention or call 512-480-8622 or email info@texasmba.org. To register for the conference, just go to the TMA's website, which contains show details and also lists those early pre-registration attendees.

About Texas Mortgage Bankers Association:

The Texas Mortgage Bankers Association is committed to being an informative, quality-focused association of real estate finance professionals that provides the best educational resources, government advocacy, and industry interaction. TMBA's purpose is to serve the mutual interests of its members in order to preserve, enhance, and advance the mortgage banking and real estate finance business in the State of Texas.

For more information, please contact the TMBA office at 512-480-8622 or visit our website at http://www.texasmba.org/.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

The Texas Mortgage Bankers Association (TMBA) announced today the location and dates of its 101st Annual Convention. This year's conference - "Defining Our Future" - will be held at the Hyatt Regency Hill Country Resort and Spa in San Antonio, Texas on May 21 - 23, 2017.

Bank of Southern California NA Announces Promotion of Tony DiVita to Chief Banking Officer

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Tony DiVita has been promoted to the role of Executive Vice President, Chief Banking Officer. In his expanded role, he will continue to oversee new business origination and customer retention efforts, the Small Business Administration (SBA) Group, and bank marketing.

In addition, he is now responsible for the coordination and management of the entire loan process from sourcing to funding.

"Tony's leadership style and goal-oriented approach have had a tremendous impact on the success of our bank. This promotion acknowledges his many contributions," said President and CEO, Nathan Rogge. "He has consistently delivered results in a way that balances the needs of our customers, employees, and the bank," concluded Rogge.

DiVita joined Bank of Southern California in 2011 as Senior Vice President and Director of Sales and Marketing, and was promoted to Executive Vice President in 2015. He is a seasoned native San Diego banker with over 30 years of local banking experience.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-mid sized businesses.

The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

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OTC:BCAL / BCAL.PK

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Tony DiVita has been promoted to the role of Executive Vice President, Chief Banking Officer. In his expanded role, he will continue to oversee new business origination and customer retention efforts, the Small Business Administration (SBA) Group, and bank marketing.

Mortgage Banking Expert Rob Chrisman to Address Special Session at RV UserCon 2017

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, Inc., the leading provider of software and technology for the reverse mortgage industry, today announced that mortgage industry expert Rob Chrisman will address attendees of RV UserCon 2017 as a special session speaker on February 9 in San Diego.

According to Chrisman, market conditions are ripe for traditional "forward" lenders to consider adding new products, including reverse mortgages, to their portfolios.

"At times like this, with rising interest rates beginning to squeeze volumes and profit margins, mortgage companies are turning their attention to product diversification," Chrisman said. "At the same time, 10,000 Americans turn 62 every day. Demographics like that are hard to ignore. Mortgage managers need to take a look at reverse mortages that serve this population alongside ARMs, jumbo loans, non-QM lending and other products they are considering adding to their mix."

"Rob is one of the mortgage banking industry's most esteemed voices. We are thrilled to bring his perspective and decades of experience in forward lending to our conference attendees," said ReverseVision Vice President of Sales and Marketing Wendy Peel.

Chrisman's session, part of ReverseVision's second annual user conference held February 8-10 at the San Diego Hilton Resort and Spa, will address common questions traditional lenders have about the reverse mortgage business, how new lenders entering the space could benefit reverse professionals and the potential affects these lenders may have on the industry in 2017.

"Lenders' chief concerns are how the product helps their customers and how to profitably originate reverse mortgages in a compliant manner that doesn't subject them to public or regulatory scrutiny," said Chrisman. "As mortgage banker portfolio managers consider this product, they need to understand that traditional measures of forward lending don't really apply. With reverse mortgages, three or four loans a month can be a great month for a loan officer. It's all about the margins."

What that means, according to Peel, is that it's relatively easy, from a technology and training perspective, for a traditional lender to improve its bottom line by creating a reverse marketing division with just a few loan officers specializing in the product.

"Traditional mortgage bankers have a rich database of potential HECM clients. By partnering with experienced reverse mortgage lenders, they can tap into that potential and easily jumpstart a revenue center," said Peel.
A residential lending professional with over 30 years of experience, Chrisman is publisher of Daily Mortgage News and Commentary ( http://www.robchrisman.com/ ). Chrisman's commentary, delivered daily as an email newsletter to 50,000 subscribers, is informed by his experience as president of OnCall Mortgage, later acquired by Wells Fargo. He also served as director of secondary marketing for CMG Mortgage and director of capital markets for RPM Mortgage.
Chrisman serves on the boards of AXIS Appraisal Management Solutions, Peoples Bank, Inheritance Funding Corporation, International City Mortgage and the California Mortgage Bankers Association.

About ReverseVision:

Recognized as a Deloitte's 2015 Technology Fast 500(TM) Company, ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision technology than all other reverse mortgage LOS combined. ReverseVision has partnered with some of the finest and fastest-growing lending organizations in the U.S. to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors.

ReverseVision is recognized as a driving innovator in the reverse mortgage industry. ReverseVision continues to improve its software with frequent new innovations and by building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.

For more information, visit http://www.reversevision.com/.

ReverseVision, Inc., the leading provider of software and technology for the reverse mortgage industry, today announced that mortgage industry expert Rob Chrisman will address attendees of RV UserCon 2017 as a special session speaker on February 9 in San Diego.

Bank of Southern California Completes $7 Million Capital Offering and Announces New Board of Directors

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that it has completed a capital raise of $7 million through a stock purchase agreement of the Bank's common stock with Castle Creek Capital, based in Rancho Santa Fe, California. As part of the offering, the Bank will issue 823,529 shares of its common stock. This is Bank of Southern California's second common stock offering in two years, raising over $14 million.

Nathan Rogge, President and CEO of Bank of Southern California commented, "This new investment represents an endorsement of the Company's direction and confidence in the bank's management by a very well regarded investment firm focused on the community banking industry."

Over the past several years, the Bank has experienced strong organic growth and has completed several acquisitions. The additional capital will help continue to fund organic growth and will provide the bank the ability to act on strategic acquisition opportunities. It also increases the bank's legal lending limit, which allows it to meet the growing needs of its clients.

As part of the transaction, David J. Volk, a principal of Castle Creek, will join the Bank's Board of Directors. Mr. Volk joined Castle Creek in 2005. Prior to joining the investment firm, he worked for a variety of well know companies providing merger & acquisition, financing advisory, corporate restructuring, and capital raising services to small and middle market companies.

"We are pleased that David will be joining our board of directors. His expertise and guidance in mergers and acquisitions, as well as his extensive history with other community bank investments will help contribute to our continued growth and future success," concluded Rogge.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-mid sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

About Castle Creek Capital:

Castle Creek Capital is an alternative asset management firm focused on the community banking industry. Located in Rancho Santa Fe, California, the firm has been a leading investor in community banking since its inception in 1990, having raised and managed five private equity funds and multiple special situations funds.

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that it has completed a capital raise of $7 million through a stock purchase agreement of the Bank's common stock with Castle Creek Capital, based in Rancho Santa Fe, California.

Rate Reset Chooses AccountChek by FormFree for Automated Verification of Borrower Ability to Repay

ATLANTA, Ga. /ScoopCloud/ -- FormFree today announced that Rate Reset, the world leader in automated loan retention and acquisition software, has selected AccountChek(TM) by FormFree as its technology provider for automated asset verification. AccountChek helps financial institutions determine in just seconds the ability of customers to pay back loans, without the hassle of collecting bank statements or other asset documents.

"AccountChek has been instrumental in Rate Reset's evolution from a provider of automated loan retention software to a full-service digital loan solution," said Keith Kelly, CEO and co-founder of Rate Reset. "In a matter of minutes, consumers can change the terms of an existing loan to better fit their budget or pre-qualify for a new loan, all without stopping to collect paperwork."

The Virginia-based company's flagship product, Rate Reset, helps portfolio lenders retain more loans by letting borrowers easily reset their adjustable rate home, auto and personal loans online. Rate Reset also offers solutions to assist lenders with loan acquisition and generation. All of the company's products are now integrated with AccountChek for fast, paperless verification of borrower ability to repay.

AccountChek is an asset verification service that streamlines the loan underwriting process for both borrowers and lenders, resulting in quicker decisions and higher borrower satisfaction. The cloud-based app uses secure data untouched by human hands to consolidate, analyze and verify assets and deposits from virtually any financial institution, delivering peace of mind and greater purchase certainty for lenders. AccountChek also produces a more fraud-resistant loan process by using secure data sourced directly from the financial institution, eliminating the opportunity for tampering or errors.

"PenFed Credit Union has been partnering with Rate Reset since 2013, with their software residing on our platform," said James Schenck, president and CEO of Pentagon Federal Credit Union (PenFed). "Rate Reset's technology provides our members with such a streamlined process. In some cases members can modify their loans with terms they choose as quickly as 60 seconds."

The third-largest credit union in the United States, PenFed has more than 1.4 million members and holds more than $20 billion in assets.

"The new partnership with AccountChek, owned by FormFree, further strengthens Rate Reset's technology suite," Schenck said. "Using AccountChek, PenFed is enhancing members' experience by minimizing documentation requirements for asset verification. Rate Reset is a trusted partner that continues to develop and deliver impressive digital solutions."

"AccountChek and Rate Reset have a shared focus on making the borrower experience better," said Brent Chandler, CEO and founder of FormFree. "Our partnership represents a win-win for borrowers, who are more empowered than ever to manage their loans on their own terms, and lenders, who can enjoy greater security when it comes to the long-term profitability of their portfolios."

FormFree and Rate Reset will demonstrate their latest product innovations at the inaugural Digital Mortgage conference in San Francisco December 8-9. To register or learn more, visit http://www.nationalmortgagenews.com/conferences/digitalmortgage/reginfo.html.

About FormFree

Leading lenders trust Athens, Georgia-based FormFree to deliver automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(TM), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. Lender tested and GSE approved, AccountChek securely delivers automated asset verification data and on-demand reports to more than 200 leading U.S. lenders and their millions of customers. FormFree was named one of American Banker magazine's "Top 10 Tech Companies to Watch" in 2015.

For more information, visit http://www.formfree.com/.

About Rate Reset:

Rate Reset offers award-winning products that put consumers in control of their loans while protecting the retention interests of lenders. With Rate Reset, customers can reset the terms of an existing home, auto or personal loan to better suite their budget in minutes. The company's LoanGEN and Pre-Approval products make it simple and fast for financial institutions to originate or acquire auto, mortgage, personal and student loans as well as credit cards.

For more information, visit http://www.RateReset.com.

FormFree today announced that Rate Reset, the world leader in automated loan retention and acquisition software, has selected AccountChek(TM) by FormFree as its technology provider for automated asset verification. AccountChek helps financial institutions determine in just seconds the ability of customers to pay back loans, without the hassle of collecting bank statements or other asset documents.

Local Banker Luz Gonzalez Joins Bank of Southern California, N.A.

RANCHO MIRAGE, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today that Luz Gonzalez has joined the Company as Branch Sales Manager of its Rancho Mirage branch. Most recently, Ms. Gonzalez served the Coachella Valley community as a Deputy Sheriff for the Riverside County Sheriff's Department, following a successful eleven-year career at El Paseo Bank.

"We are extremely excited to welcome Luz back home to the Rancho Mirage branch and reconnecting her with her former customers," commented Pamela Isaacson, Executive Vice President and Chief Administrative Officer.

"Luz had always had a fascination with law enforcement, but found that her passion for banking and the relationships she had with her customers was much stronger," concluded Isaacson.

Bank of Southern California has made a substantial commitment in the Coachella Valley market over the last several years, and has become known as The Desert's Community Bank. In December 2010, the bank acquired the La Quinta and Palm Springs branches of Palm Desert National Bank as its entry into the Coachella Valley, then in January 2014, the bank acquired the Palm Desert branch of AmericanWest Bank, and in December 2014 the bank acquired Frontier Bank dba El Paseo Bank.

In September 2015, the Bank created a local Advisory Board of prominent members of the Coachella Valley business community, and in August 2016, the bank completed the acquisition of deposits from Opus Bank's La Quinta office.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-mid sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients.

The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County.

For more information, please visit http://www.banksocal.com or call (858) 847-4780.

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Bank of Southern California, N.A. (OTC Pink:BCAL / OTCMKTS:BCAL) announced today that Luz Gonzalez has joined the Company as Branch Sales Manager of its Rancho Mirage branch. Most recently, Ms. Gonzalez served the Coachella Valley community as a Deputy Sheriff for the Riverside County Sheriff's Department, following a successful 11-year career at El Paseo Bank.