Category: Finance

ARMCO Enhances ACES IQ with Addition of HMDA Questionnaires

DENVER, Colo. /ScoopCloud/ — ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, announced today it has added questionnaires related to the Home Mortgage Disclosure Act (HMDA) to the ACES Intelligent Questionnaire (ACES IQ) functionality contained within the ACES Audit Technology™ system.

Economic Growth and Public Policy Propel Homeownership Rates

WASHINGTON, D.C. /ScoopCloud/ — In the first of a three-part series on the impact of economic growth and public policy on homeownership rates, housing policy consultant Allen Jones, Managing Director, Housing Finance Strategies, provides commentary on the drivers of recent increases.

Mortgage Fintech Provider OpenClose Experiences Significant Growth and Continues Adding Award Winning Talent

WEST PALM BEACH, Fla. /ScoopCloud/ — OpenClose®, the leading mortgage fintech provider and multi-channel loan origination system (LOS), with nearly 20 years of successful implementations, announced that their newly tapped VP of Sales Engineering, Chris Olsen, was honored by National Mortgage Professional (NMP) magazine as one of the ’40 Most Influential Mortgage Professionals Under 40.’

777 Partners Announces Acquisition of Uown Leasing

MIAMI, Fla. /ScoopCloud/ — 777 Partners, a Miami based investment firm, is pleased to announce the acquisition of Uown Leasing (“Uown”), from Shepard Capital Partners. Uown, a lease-to-own company based in Tampa, was founded in 2008.

LBA Ware Taps Silicon Valley Talent Veronica Mahler to Roll Out LimeGear BI Platform

MACON, Ga. /ScoopCloud/ — LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, has brought on Silicon Valley talent Veronica Mahler as business analyst. Mahler was hired to support the spring release of LBA Ware’s turnkey business intelligence (BI) platform, LimeGear, by supporting post-implementation client experience in partnership with LBA Ware’s client success team.

Fairport Wealth Announces 2020 Community Beacon Recipient

CLEVELAND, Ohio /ScoopCloud/ — Fairport Wealth is pleased to announce its support of Shoes and Clothes for Kids (SC4K) as its 2020 Community Beacon recipient. For 50 years, SC4K has been removing barriers to school attendance by providing essential school supplies such as school shoes and uniforms for kids in need.

Mid America Mortgage Bolsters Servicing Department with New Hires

ADDISON, Texas /ScoopCloud/ — Mid America Mortgage, Inc. (Mid America) announced today that it has added John Bargas, Donnell Mitchell and Wendy Strawn to its servicing department. Bargas will lead the department as Executive Managing Director of Servicing and the combined experience and expertise of all three hires will make an immediate impact.

IDS Enhances Audit Worksheet Functionality in idsDoc

SALT LAKE CITY, Utah /ScoopCloud/ — Mortgage document preparation vendor International Document Services, Inc. (IDS), today announced that it has redesigned the audit worksheet feature in its flagship document preparation platform idsDoc.

Allegent FCU steps up to the Reese’s Peanut Butter Cup Challenge, Cranberry Twp., Pennsylvania

WEXFORD, Pa. /ScoopCloud/ — Capturing the buzz of a current Hershey’s Reese’s Peanut Butter commercial spot – Allegent FCU actually sells Reese’s Peanut Butter Cups at a financial institution! The Hershey Company’s branded Reese’s spot teased the Federal Credit Union into accepting the challenge and partnering with Reese’s in fulfilling the commercial spot’s thought: that Reese’s are “sold literally everywhere business is done, I’m pretty sure you could buy them at a bank.”

ARMCO Reports Strong 2019, Eyes Further Growth and Expansion in 2020

DENVER, Colo. /ScoopCloud/ — After a remarkable 2019, ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, is looking ahead to 2020 for what promises to be an outstanding year. In addition to adding several lenders to its growing roster of clients ARMCO also achieved a company record in 2019 of one million audits conducted in a single year in its flagship audit platform ACES Audit Technology.

Velocity Credit Union commits to downtown Austin with construction of its new branch

AUSTIN, Texas /ScoopCloud/ — Velocity Credit Union, a fixture of the Austin financial scene since 1947, has begun site preparation for its new branch office in downtown Austin. To be located on the southeast corner of 12th and Sabine Streets, the new facility is being built immediately across Sabine Street and just to the east of Velocity’s current downtown location (610 E. 11th Street).

EPIC Launches National Farm and Ranch Practice

INDIANAPOLIS, Ind. /ScoopCloud/ — EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today they are expanding their insurance offering in the Farm & Ranch Insurance market with the practice being led by Chris Moore (President, EPIC Farm & Ranch).

Bank of Southern California N.A. Announces Fourth Quarter and Year End 2019 Results

SAN DIEGO, Calif. /ScoopCloud/ — Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the fourth quarter ended December 31, 2019. Total assets ended the year at $830 million at December 31, 2019, an increase of 8.1% compared to December 2018. Total loans increased 6.6% to $677 million and total deposits increased 7.0% to $672 million compared to the prior year as well.

KROST Kicks Off the Year by Announcing Merger with BPE&H an Accountancy Corporation

PASADENA, Calif. /ScoopCloud/ — KROST CPAs and Consultants, a firm based out of Los Angeles, has merged in BPE&H out of Woodland Hills effective January 1, 2020. Seven principals will join the leadership team at KROST, including Scott Eisner, Martin Belak-Berger, Bob Price, Phil D’Amico, Scott Gilmore; and founding BPE&H principals Jerry Block and Jane Plant.