Category: Finance

Sales Boomerang named a top mortgage technology provider by Mortgage Professional America

WASHINGTON, D.C. /ScoopCloud/ — Sales Boomerang, the industry’s top-rated automated borrower intelligence and retention system, was recognized today as a 5-Star Mortgage Tech provider by Mortgage Professional America (MPA) magazine. The award recognizes the U.S. mortgage industry’s top mortgage technology providers as verified by originators and tech specialists across the country.

Sales Boomerang is 2021’s fastest-growing company in the residential mortgage industry

WASHINGTON, D.C. /ScoopCloud/ — Sales Boomerang, the mortgage industry’s top-rated automated borrower intelligence and retention system, debuted this week on Inc. magazine’s Inc. 5000 list, an annual ranking of America’s fastest-growing private companies. Sales Boomerang ranked #101 overall, placing the company among the top 3% of all private companies in America based on three-year revenue growth of 3,882% and outpacing every other company in the residential mortgage industry.

LBA Ware makes the Inc. 5000 list of America’s fastest-growing companies for the third consecutive year

MACON, Ga. /ScoopCloud/ — LBA Ware, a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, today announced it has clinched a spot on the 2021 Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. This marks LBA Ware’s third consecutive year on the list, coming in at number 2070.

FormFree makes inaugural appearance on 2021 Inc. 5000, ranking 1444

ATHENS, Ga. /ScoopCloud/ — FormFree today announced it has ranked 1,444 on the 2021 Inc. 5000. This annual list represents a unique look at the most successful companies within the American economy’s most dynamic segment: its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

Galway Holdings Announces Strategic Acquisition of MAI Capital Management

SAN FRANCISCO, Calif. /ScoopCloud/ — Galway Holdings (“Galway”) today announced its investment in MAI Capital Management LLC (“MAI”). The move adds a new business vertical in financial and wealth management services to complement existing business relationships within EPIC Insurance Brokers & Consultants as well other areas of specialization across all Galway platforms.

Vice Capital Markets Commemorates 20 Years of Serving the Mortgage Industry’s Hedge Advisory and Secondary Execution Needs

NOVI, Mich. /ScoopCloud/ — NOVI, Mich., Aug. 12, 2021 (SEND2PRESS NEWSWIRE) — Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced the firm is celebrating its 20th corporate anniversary. Since opening its doors in August 2001, Vice Capital Markets has helped countless clients properly and effectively manage interest rate risk and maximize profitability.

KROST Acts as Exclusive Financial Advisor for Integrity Bio in Sale to Curia

LOS ANGELES, Calif. /ScoopCloud/ — Integrity Bio, Inc., a privately held formulation and fill-finish organization, was sold to Curia (formerly Albany Molecular Research, Inc. (AMRI)), a Contract Development and Manufacturing Organization (CDMO) and leading global provider of advanced contract research, development, and manufacturing solutions. KROST, a Los Angeles-based firm, acted as the exclusive financial advisor to Integrity Bio in the transaction.

DocMagic Promotes Chris Lewis to Director of Enterprise Solutions

TORRANCE, Calif. /ScoopCloud/ — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, automated regulatory compliance, and comprehensive eMortgage services, announced that it has promoted Chris Lewis to Director of Enterprise Solutions. The new title reflects the elevated role he has proactively taken at the company in increasing revenue, forging strategic partnerships, and making inroads with large entities and marquee accounts.

Promontory MortgagePath COO Debora Aydelotte Earns Top Female Industry Leadership Honors from HousingWire and Mortgage Banker Magazine

DANBURY, Conn. /ScoopCloud/ — Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced Chief Operating Officer Debora Aydelotte has been recognized by HousingWire and Mortgage Banker Magazine for her leadership contributions to the mortgage industry. Aydelotte has been named one of HousingWire’s 2021 Women of Influence and is among Mortgage Banker Magazine’s 2021 Powerful Women in Mortgage Banking.

FormFree Announces Agreement with Lenders One to Offer Products to Member Base

ATHENS, Ga. /ScoopCloud/ — FormFree® today announced it has entered into an agreement with Lenders One®, a national alliance of independent mortgage bankers and service providers, to offer its product set to the Lenders One Mortgage Cooperative. Through the relationship, FormFree will offer Lenders One members access to automated borrower verification tools that enhance the customer experience and optimize lender business operations.

LBA Ware’s Q2 2021 Mortgage Loan Compensation Report shows decline in individual LO commission and volume

MACON, Ga. /ScoopCloud/ — LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, today released summary statistics on the state of mortgage industry loan compensation in the second quarter of 2021. The firm’s analysis of data from its CompenSafe™ ICM platform showed that despite a marginal increase in loan volume from Q2 2020 to Q2 2021, quarterly commissions per LO were down.

NotaryCam Partners with Texas Mortgage Law Firm, RUTH RUHL, P.C., to Add RON to Firm’s Loss Mitigation Services

NEWPORT BEACH, Calif. /ScoopCloud/ — NotaryCam®, a Stewart-owned company and a pioneering provider of remote online notarization and identity verification / authentication technology for real estate and legal transactions, today announced it has partnered with RUTH RUHL, P.C., a Texas-based law firm, to add security and automation to the firm’s loss mitigation services through remote online notarization (RON).

Sales Boomerang releases Q2 2021 Mortgage Market Opportunities Report

WASHINGTON, D.C. /ScoopCloud/ — Sales Boomerang, the mortgage industry’s top-rated automated borrower intelligence and retention system, today released its inaugural Mortgage Market Opportunities Report. According to the report, refinance opportunities continue to dominate the market, but a promising uptick in new listings was also evident in the Q2 data. Mortgage servicers will need to closely manage their default and foreclosure risk in the coming months, as the second quarter saw nearly two out of five customers trigger a risk-and-retention alert.

NAMMBA Announces Partnership with MCT

ORLANDO, Fla. /ScoopCloud/ — The National Association of Minority Mortgage Bankers of America (NAMMBA) announced today a partnership with San Diego based Mortgage Capital Trading (MCT®). The relationship is an important step in both company’s efforts to affect positive change – addressing the housing needs of underserved communities as well as encouraging and developing a more diverse work force in the mortgage sector.

FormFree integrates AccountChek 3n1 one-stop VOE/VOIE into Encompass®

ATHENS, Ga. /ScoopCloud/ — FormFree® has partnered with ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure,  to make its AccountChek 3n1 asset, income and employment verification service available in Encompass®, the mortgage industry’s leading cloud-based loan origination platform.

HousingWire selects DepthPR founder Kerri Milam as 2021 Marketing Leader

ATLANTA, Ga. /ScoopCloud/ — Depth Public Relations (DepthPR), a leading provider of consultative marketing, public relations and reputation management services for the mortgage lending fintech and residential finance industries since 2006, today announced company Founder and President Kerri Milam is a recipient of HousingWire’s inaugural Marketing Leaders award.

Travis Mlodzik Elected President of the American Society of Cost Segregation Professionals

SAVAGE, Minn. /ScoopCloud/ — Travis Mlodzik, Central Practice Leader for ICS Tax, LLC has been elected President of the American Society of Cost Segregation Professionals (ASCSP). Cost Segregation is a tremendously valuable tax planning strategy for real estate investors. The ASCSP provides education, credentialing, and a code of ethics for its members while representing the very best professionals in the cost segregation industry.