Category Archives: Finance

FormFree adds paystubs to Passport all-in-one asset, employment and income verification service

ATHENS, Ga. /ScoopCloud/ -- FormFree(R) today announced that it has added paystub collection and verification to its Passport(TM) all-in-one asset, employment and income verification service. The enhancement will be available to FormFree customers, including those who use Passport through one of FormFree's more than 100 integrations and reseller partnerships, in November.

To use the new feature, loan applicants can grant Passport permission to electronically collect paystub data from supported payroll providers. Alternatively, applicants can submit a photo or upload a PDF or scanned image of their paystub using the Passport verification app.

In a matter of seconds, FormFree's analytics engine corroborates the collected payroll data against public and proprietary data sources to verify that the applicant's stated employer is a valid business with whom the applicant has a verifiable association. At the same time, FormFree compares payroll data against the applicant's financial assets to confirm the frequency and source of direct deposits and calculate the applicant's annual net pay and gross income. FormFree then pushes the verified asset, income and employment data directly into lender systems such as digital loan applications, origination software and automated underwriting systems (AUS).

"Paystub verification is a capability our customers have been anticipating for some time, and it was important to us to get it right," said FormFree CEO Brent Chandler. "We're proud to introduce a solution that stands head and shoulders above anything else in the market."

"The sheer number of data points we're able to corroborate against paystub data will give lenders and investors a rock-solid understanding of each loan applicant's assets, income and employment and enable them to make credit decisions with an extremely high level of confidence," continued Chandler. "Best of all, the new capability will be available to our valued customers through their existing integrations and our APIs - no additional implementation required."

About FormFree(R)

FormFree(R) is a market-leading fintech company whose revolutionary products AccountChek(R) and Passport(TM) are changing the credit decisioning landscape and encouraging lenders nationwide to incorporate a more holistic view of each borrower's financial DNA. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing over a trillion dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, reduces origination timelines by up to 20 days and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey(TM). A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Athens, Georgia.

For more information, visit https://www.formfree.com/or follow FormFree on LinkedIn.

Twitter: @RealFormFree #digitalmortgage #Passport #paystubs

FormFree(R) today announced that it has added paystub collection and verification to its Passport(TM) all-in-one asset, employment and income verification service. The enhancement will be available to FormFree customers, including those who use Passport through one of FormFree's more than 100 integrations and reseller partnerships, in November.

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

Domestic and International Arbitrator Authors Book on Wealth and Business Planning Strategies

IRVINE, Calif. /ScoopCloud/ -- Dr. Nevine Carmelle, a celebrated professional who's dedicated to the field of finance, recently authored, "Wealth and Business Planning Strategies: The Ultimate Guide for Wealth Management, Privacy & Prosperity for Business Owners" (ISBN: 978-0692562017). Available in paperback and Kindle edition, the book quickly became a bestseller on Amazon.com.

One reader said, "I recently quit my corporate job and was realizing my dream of being a female business owner. I knew my business area of expertise, but was somewhat of a newbie when it came to the financial aspects of business ownership. Nevine Carmelle's advice and the information in her book helped me navigate those obstacles and allowed me to become successful in the pursuit of my dream."

The author is recognized by many as a "wonder woman" who has obtained multiple licenses and certifications in the areas of finance, real estate, tax and the law. She's a licensed real estate agent, insurance agent and international arbitrator. In essence, she's a one-stop-shop for many issues.

For the past five years, she's been certified in court mediation and divorce mediation and mediated all types of litigation cases such as landlord/tenant, evictions, partnership disputes and more. During her spare time, she contributes to those less fortunate as a Goodwill Ambassador. Fluent in Arabic and English, with a healthy knowledge of French, German, Italian, Spanish and Portuguese, she hopes to become a U.S. ambassador.

About Dr. Nevine Carmelle:

Dr. Nevine Carmelle has been included in Marquis Who's Who, excels as an enrolled agent with the IRS and is the founder and CEO of Attorney Network. She's negotiated tax liens, levies, payment plans and offers in compromise and has represented clients with tax audits and appeals. Her specialties include retirement planning, charitable gifting, insurance planning, estate planning, business compensation and real estate matters.

She has extensive experience in the structures of business planning for individuals, corporations, partnerships, limited liability companies and S-Corporations in the U.S. and abroad. She's been a featured speaker on tax and financial matters at many professional seminars, and has been interviewed on TV and radio shows about business strategies and financial structures.

For more information: http://www.nevinecarmelle.com/

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*Photo Caption: "Wealth and Business Planning Strategies: The Ultimate Guide for Wealth Management, Privacy & Prosperity for Business Owners."

Dr. Nevine Carmelle, a celebrated professional who's dedicated to the field of finance, recently authored, "Wealth and Business Planning Strategies: The Ultimate Guide for Wealth Management, Privacy & Prosperity for Business Owners" (ISBN: 978-0692562017). Available in paperback and Kindle edition, the book quickly became a bestseller on Amazon.

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

Tax Specialty Firm KBKG Joins Real Estate Roundtable

PASADENA, Calif. /ScoopCloud/ -- Last year, specialty tax incentive firm KBKG joined the Real Estate Roundtable (RER), and several of KBKG's executive leadership team currently serve as members of the organization's President's Council, Associate Council, and Committees. RER's mission is to bring together leaders of the nation's top, publicly held and privately-owned firms with major national real estate industry trade associations to jointly address important national policy issues relating to real estate and its role in the global economy.

As members, KBKG has been able to participate in policy debates and advancing industry endorsed solutions to policy questions.

Principal and practice leader, CJ Aberin, is a member of RER's President's Council which is comprised of individuals from leading real estate ownership, financial, management, and advisory firms. Additionally, he is a member of both the Tax Policy Advisory Committee and the Sustainability Policy Advisory Committee and has actively provided input to both committees to improve tax policy on cost recovery and energy efficiency incentives for the commercial real estate industry.

Other members of KBKG's leadership team serving on RER committees include:
* Lou Guerrero (Tax Policy Advisory Committee)
* Brandon Val Verde (Sustainability Policy Advisory Committee)
* William Long (Real Estate Capital Policy Advisory Committee).

Associate Council members include Gian Pazzia, Malik Javed, Lester Cook, John Hanning, Eddie Price, Sumit Sharma, and So Sum Lee.

Earlier this year, Ryan McCormick, Senior Vice President & Counsel for Tax Policy at RER provided a legislative update on behalf of KBKG to inform tax practitioners and clients with an update as to what to expect from Capitol Hill over the year with possible timelines that are now coming into fruition.

"Over the last decade, I have had the privilege to use my voice to represent the real estate industry in the Capitol in collaboration with various organizations. Joining RER provides yet another opportunity to be a part of a larger conversation, represent the real estate community, and provide greater value for our clients," remarked CJ Aberin, Principal of KBKG.

About KBKG:

Established in 1999 with offices across the US, KBKG provides turn-key tax solutions to CPAs and businesses including Cost Segregation; 45L green building tax credits for homebuilders and multifamily developers; 179D green building tax deductions for building owners, architects, and designers; R&D tax credits for qualified, innovative businesses; Transfer Pricing for international businesses, and more.

Learn more about KBKG at https://www.kbkg.com/

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Last year, specialty tax incentive firm KBKG joined the Real Estate Roundtable (RER), and several of KBKG's executive leadership team currently serve as members of the organization's President's Council, Associate Council, and Committees.

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

Diligence Capital Advisors Sources Capital for Iconic South Jersey Swim Club

MARLTON, N.J. /ScoopCloud/ -- Diligence Capital Advisors is excited to announce that it has sourced new capital investments for the Chartwell Swim Club, a legendary swim club and day camp located in Marlton, New Jersey. The financing was made by a Philadelphia based investment company.

The capital will be re-invested into the swim club's existing amenities and programs by the club's operator James B. Johnston, Jr, who has successful operated the Chartwell Swim Club for decades.

Chartwell Swim Club is generally considered South Jersey's #1 swim club and day camp for kids. It spans over 13 acres and features 6 pools, giant water slides, food and drink cafes, picnic areas, tennis courts, basketball courts, sand volleyball courts, a croquet course, shuffle board, cornhole, horseshoes, softball and soccer fields.

"We were given a task to recapitalize a specialty asset in a matter of weeks due to the need to utilize the capital before the winter season to accommodate the club's growth and anticipated membership for the upcoming summer season. I am very pleased that we were able to perform in such a short time frame for the Swim Club's owner and operator," said Joe Rocco, co-founder of Diligence Capital Advisors and long-standing former resident of nearby Medford, N.J.

The closing of a financing transaction for a specialty asset in just a few weeks demonstrates that Diligence Capital Advisors is well-suited to handle just about any financing request on any asset class.

"I am very happy with the job that Diligence Capital Advisors did for me in this deal," said Chartwell's owner James B. Johnston, Jr. "They sourced and closed a substantial capital investment for me in a very short time frame which will allow me to grow my business exponentially."

The Swim Club recently introduced "Chartwell Happy Day Camp" to Chartwell's members, which is South Jersey's most exclusive day camp for children ages 4-14. Chartwell Happy Day Camp features sports and games, fitness programs, swim lessons, arts & crafts, science experiments, karate demonstrations, inflatable speedway racing, a petting zoo and exciting shows. The Chartwell Happy Day Camp has been so successful that additional capital was needed to fund and accommodate its anticipated growth for the 2020 season.

Diligence Capital Advisors team has sourced and/or closed senior debt, mezzanine debt, JV equity and preferred equity deals valued over 2 billion dollars.

Brett Wiltsey, Esquire of Dilworth Paxson LLP represented the Chartwell Swim Club in connection with the financing. Tricia Magrann of City Abstract LLC in Haddonfield, N.J. provided title insurance for the transaction. Jared Cobert, co-founder and Managing Partner of Diligence Capital Advisors, worked alongside Mr. Rocco in the closing of this transaction.

About Diligence Capital Advisors:

Diligence Capital Advisors specializes in arranging for capital investments, equity and loans for businesses and real estate projects. Diligence Capital Advisors has offices in Haddonfield, New Jersey and Philadelphia, Pa. The principals of Diligence Capital Advisors have sourced and/or closed senior debt, mezzanine debt, JV equity and preferred equity deals valued over 2 billion dollars. If you have a business or real estate project in the Philadelphia or New Jersey market and you are looking for an investment or new debt or equity, contact Diligence Capital Advisors at http://www.DiligenceCapitalAdvisors.com

Press Contact:
Joseph D. Rocco
jrocco@DiligenceCapitalAdvisors.com

Diligence Capital Advisors is excited to announce that it has sourced new capital investments for the Chartwell Swim Club, a legendary swim club and day camp located in Marlton, New Jersey. The financing was made by a Philadelphia based investment company.

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

Global DMS Officially Introduces EVO-Residential(tm) Valuation Technology Platform

AUSTIN, Texas /ScoopCloud/ -- Global DMS, a leading provider of cloud-based valuation management software, announced the launch of its new residential valuation solution at the MBA's Annual Convention & Expo being held at the Austin Convention Center from Oct. 27 - 30. Branded EVO-Residential(TM) (EVO-Res), the platform is primed to change the way lending and real estate entities process and manage valuations.

Global DMS engineered EVO-Res from the ground up with total automation of the entire valuation process in mind. The company believes everything begins with empowering organizations with an arsenal of incredibly easy-to-use tools that help transform their businesses into ultra-efficient, compliant, finely tuned operations. Using EVO-Res, the burdensome and costly valuation process the mortgage industry contends with can now be executed flawlessly through automation standing behind decades of integrated best practices.

"We put a great deal of thought into the design and underlying functionality of EVO-Res, collaborating with clients and diligently operating in an R&D mode for years," says Vladimir Bien-Aime, president and CEO of Global DMS. "EVO-Res provides organizations with an unrivaled technology foundation that ensures their unique valuation processes are completely automated from start to finish that was not possible until now. Empowering our clients with this technology advantage gives them an unparalleled ability to easily adapt to the ebbs and flows of the mortgage market and their unique valuation business needs."

EVO-Res offers state-of-the-art technological advances that allows users to work the way they need to work, which is very different than the platforms currently available in the market. EVO-Res is user role-based providing a customized experience for each user, complete with separate dashboards and task lists that help drive optimal performance by allowing them to focus on the most important tasks of the moment. EVO-Res users have the ability to configure every field, new fields can be added on the fly and are instantly reportable. Users can also create new review forms in minutes. Previously, these types of changes would require costly and time-consuming development intervention.

"From a return on invesTMent point of view, using a platform like EVO-Res just make sense," stated Jody Collup, COO at Global DMS. "The process efficiency advantages inherent in EVO-Res' infrastructure keeps every user on task, positively impacting your time to closing and effectively reducing your costs."

Notably, EVO-Res also works seamlessly with EVO-C, Global DMS' commercial lending valuation platform, thus allowing for a single-system experience to easily and effectively manage two distinctly different business lines.

Global DMS will be offering demonstrations of EVO-Res in booth 1019 at the MBA Annual Convention & Expo from Oct. 27 - 29. In addition, the company will also be hosting a celebratory launch party at the conclusion of the show on the evening of Tues. the 29t at 8 p.m. CST. Contact Global DMS to learn more at evopreview@globaldms.com or 877-866-2747 (option 2).

About Global DMS:

Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is a leading provider of cloud-based commercial and residential real estate valuation technology. The company's solution set is cost-effectively delivered on a software-as-a-service (SaaS) transactional basis that ensures compliance adherence, reduces costs, increases efficiencies and expedites the entire appraisal process. Global DMS' solutions include its newly launched EVO-Residential(TM) platform (EVO-Res), contemporary EVO-Commercial(TM) (EVO-C) for commercial lending, existing eTrac(r) Enterprise platform for residential lending along with its many companion products, as well as the SnapVal(TM) appraisal pricing solution. For more information, visit the company's web site https://www.globaldms.com/ or call (877) 866-2747.

Social Media: @GlobalDMS #EVO-Res #ValuationManagementSoftware #MBAAnnual

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

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Global DMS, a leading provider of cloud-based valuation management software, announced the launch of its new residential valuation solution at the MBA's Annual Convention & Expo being held at the Austin Convention Center from Oct. 27 - 30. Branded EVO-Residential(TM) (EVO-Res), the platform is primed to change the way lending and real estate entities process and manage valuations.

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

Depth Public Relations Names Lindsey Neal Vice President of Client Services

ATLANTA, Ga. /ScoopCloud/ -- Depth Public Relations, LLC, (DepthPR) a leading provider of consultative marketing, public relations and reputation management services for the mortgage lending and residential finance industry, today announced its promotion of Lindsey Neal to vice president of client services.

Neal, an advisor to mortgage lenders and businesses that provide services and technology solutions to mortgage lenders since 2006, has served DepthPR clients since 2009, first as a contractor before becoming a full-time employee in 2015. Over the last decade, she has been responsible for developing full-service marketing and PR strategies, ensuring their effective execution, and cultivating productive relationships for DepthPR clients.

"Lindsey has been an invaluable member of the DepthPR team for a decade, proving herself an astute counselor and a gifted practitioner at every turn," said DepthPR founder and president, Kerri S. Milam. "As impressed as I have been by Lindsey's business acumen and job performance, I have come to place the highest value on her integrity, her emotional intelligence, her instincts and her trustworthiness - qualities that can't be taught.

"Anyone who has launched a consultative services business knows that in the early days everyone is a utility player and the willingness to wear many hats makes or breaks the enterprise. Lindsey has been indispensable in growing our firm. I have tremendous respect for her and rely on her judgement daily," Milam added.

Neal, a 2006 graduate of Berry College in Rome, Georgia, in 2011 earned her M.B.A. from the Terry College of Business at the University of Georgia.

About DepthPR:

Depth Public Relations, LLC, (DepthPR) is a leading provider of consultative marketing, public relations and reputation management services for the mortgage lending and residential finance industry. Since 2006, the firm has represented a clientele of established and emerging brands serving mortgage lenders, real estate professionals and appraisers. DepthPR is committed to serving the cause of digital innovation and to practicing the pay-it-forward principle alongside The Golden Rule. DepthPR is a member of and supports the Mortgage Bankers Association mission, an active participant in The Mortgage Collaborative, and a proud annual sponsor of the Source Media Digital Mortgage Conference.

For more information, visit https://www.DepthPR.com/.

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* Caption: Lindsey Neal, vice president of client services at DepthPR.
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*Caption: DepthPR logo.

Depth Public Relations, LLC, (DepthPR) a leading provider of consultative marketing, public relations and reputation management services for the mortgage lending and residential finance industry, today announced its promotion of Lindsey Neal to vice president of client services.

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

Bank of Southern California, N.A. Announces Third Quarter 2019 Results

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the third quarter ended September 30, 2019. Total assets grew to $839 million at September 30, 2019, a 14% increase compared to the third quarter of 2018. Quarterly net income increased to $1.72 million in Q3 2019 from $1.57 million in Q2 2019; Q3 2018 was $875 thousand, but included $936 thousand in expenses, net of tax, related to the acquisition of Americas United Bank, which closed July 31, 2018. Total loans ended Q3 2019 at $685 million and total deposits were $693 million.

Third Quarter 2019 Highlights
* Loan highlights include growth of $10 million in commercial (C&I) loans in Q3 and an additional $9 million growth in undisbursed commitments on C&I loans.
* Focus on core deposit origination has resulted in growth in noninterest-bearing demand deposits (DDA) of $15 million during Q3 and $35 million year-to-date.

Nathan Rogge, President and CEO of Bank of Southern California said, "Our solid earnings performance for the third quarter included strong commercial loan growth, an increase in noninterest-bearing DDA, and a decrease in time deposits, all driven by our commitment to building long-lasting relationships with our clients. We remain focused on delivering upon this strategy and driving growth for long-term value."

"The Bank continues to demonstrate its commitment to the Southern California business community and has achieved momentum in the newly expanded markets of Los Angeles and Orange. We look forward to achieving additional growth opportunities as we further our investment in Orange County and expand East into the Inland Empire through our proposed merger with CalWest Bank, previously announced on October 21, 2019," concluded Rogge.

Bank of Southern California's continued focus on relationship banking has been impactful, leading to an increase in organic noninterest-bearing demand deposit growth of $15.1 million during the quarter, and a $35.4 million increase since December 2018. John Farkash, Chairman of the Board said, "Results for the third quarter were strong and the Bank remains focused on driving long-term growth and delivering greater value to our shareholders."

Additional Financial Highlights
* Total loans increased $61 million during the quarter to $685 million at quarter end. Loan payoffs totaled $9.3 million in the quarter, down from the $62 million pace set in the first six months of the year. In addition to the growth in C&I loans, loan growth during Q3 was centered in commercial real estate loans.
* The Bank has been focused on improving its deposit portfolio mix toward more core deposits. This is not only reflected in the growth in noninterest-bearing demand (DDA), but also in the growth of money market deposits, which increased $23 million in Q3. The Bank will continue to reposition and improve the deposit portfolio with the longer-term goal of managing a strong net interest margin.
* Noninterest expenses in Q3 2019 include $192 thousand related to the proposed merger with CalWest Bank and in Q2 2018 included $1.2 million related to the merger with Americas United Bank.
* Nonperforming assets continue to be very low and were 0.27% of total assets at September 30, 2019, compared to 0.60% at December 31, 2018. The allowance for loan losses (ALLL) was 0.75% of total loans at September 30, 2019, up from 0.69% at December 31, 2018. When including $2.0 million in loan fair value credit marks (LFVCM), the ALLL and LFVCM represent 1.05% of total loans versus 1.10% at December 31, 2018.

[Quarterly Financial Highlights Table Follows]

More details about our quarterly results are available on our website and through the following link to our most recent quarterly results and trends: https://www.banksocal.com/about-us/financials.

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 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 eleven branches in San Diego County, Los Angeles County, Orange County, and the Coachella Valley in Riverside County, as well as a production office in West Los Angeles.

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:
Amanda Conover
Bank of Southern California
aconover@banksocal.com
858.847.4762

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Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California Quarterly Financial Highlights (Unaudited)
		Quarterly					9 Months YTD
($$ in thousands except per share data)		2019	2019	2019	2018	2018
		3rd Qtr	2nd Qtr	1st Qtr	4th Qtr	3rd Qtr	2019	2018
EARNINGS
Net interest income	$	7,795	7,625	7,698	8,031	6,736	23,118	16,869
Provision for loan losses	$	300	200	300	450	450	800	1,150
NonInterest income	$	695	519	420	526	577	1,633	2,277
NonInterest expense	$	5,711	5,705	5,198	5,279	5,587	16,613	13,292
Income tax expense	$	763	667	771	823	401	2,201	1,451
Net income	$	1,716	1,572	1,849	2,005	875	5,137	3,253

Basic earnings per share	$	0.20	0.19	0.22	0.24	0.11	0.61	0.49
Average shares outstanding		8,410,522	8,410,522	8,409,272	8,402,251	7,689,827	8,410,105	6,654,150
Ending shares outstanding		8,410,522	8,410,522	8,410,522	8,408,022	8,398,092	8,410,522	8,398,092

PERFORMANCE RATIOS
Return on average assets		0.87%	0.82%	0.99%	1.07%	0.52%	0.89%	0.77%
Return on average common equity		6.37%	6.02%	7.30%	7.91%	3.77%	6.56%	5.93%
Yield on loans		5.44%	5.59%	5.66%	5.63%	5.30%	5.56%	5.26%
Yield on earning assets		5.21%	5.24%	5.36%	5.40%	4.87%	5.27%	4.78%
Cost of deposits		0.99%	0.98%	0.96%	0.84%	0.72%	0.98%	0.63%
Net interest margin		4.24%	4.28%	4.41%	4.59%	4.23%	4.31%	4.21%
Efficiency ratio		67.26%	70.05%	64.03%	61.70%	76.40%	67.12%	69.42%

CAPITAL
Tangible equity to tangible assets		10.83%	11.62%	11.29%	11.01%	11.14%	10.83%	11.14%
Book value (BV) per common share	$	12.77	12.56	12.30	12.06	11.77	12.77	11.77
Tangible BV per common share	$	10.56	10.34	10.07	9.81	9.49	10.56	9.49

ASSET QUALITY
Net loan charge-offs (recoveries)	$	36	(9)	(7)	(0)	(29)	20	304
Allowance for loan losses (ALLL)	$	5,153	4,888	4,679	4,373	3,922	5,153	3,922
ALLL to total loans		0.75%	0.78%	0.74%	0.69%	0.65%	0.75%	0.65%
Loan fair value credit marks (LFVCM)	$	2,030	2,249	2,479	2,594	2,834	2,030	2,834
ALLL and LFVCM to total loans		1.05%	1.14%	1.14%	1.10%	1.11%	1.05%	1.11%
Nonperforming loans	$	2,225	2,033	3,298	4,574	3,733	2,225	3,733
Other real estate owned	$	0	0	0	0	0	0	0
Nonperforming assets to total assets		0.27%	0.27%	0.43%	0.60%	0.51%	0.27%	0.51%

END OF PERIOD BALANCES
Total loans	$	684,717	623,424	628,538	634,651	606,753	684,717	606,753
Total assets	$	839,060	766,730	768,823	767,948	734,923	839,060	734,923
Deposits	$	692,899	632,246	635,676	627,816	632,803	692,899	632,803
Loans to deposits		98.82%	98.60%	98.88%	101.09%	95.88%	98.82%	95.88%
Shareholders' equity	$	107,400	105,619	103,481	101,360	98,865	107,400	98,865
Full-time equivalent employees		96	100	96	94	94	96	94

AVERAGE BALANCES (QTRLY) \| \| (YTD)
Total loans	$	664,946	623,541	629,799	627,544	540,165	639,557	452,590
Earning assets	$	730,165	714,889	707,920	694,190	632,508	717,655	535,650
Total assets (net of AFS valuation)	$	783,043	766,960	755,842	741,463	670,942	768,715	565,060
Deposits	$	641,867	633,478	628,950	626,433	569,424	634,812	482,113
Shareholders' equity	$	106,853	104,745	102,707	100,500	92,091	104,783	73,322

Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the third quarter ended September 30, 2019. Total assets grew to $839 million at September 30, 2019, a 14% increase compared to the third quarter of 2018.

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

IDS Adds Integrated 4506-T Income Verification Services from QuestSoft to Its Mortgage Document Preparation Platform

SALT LAKE CITY, Utah /ScoopCloud/ -- Mortgage document preparation vendor International Document Services, Inc. (IDS), today announced it has integrated 4506-T Verification Services from QuestSoft Corporation, one of the nation's leading providers of automated mortgage compliance software, into idsDoc. With this integration, QuestSoft customers can now directly order 4506-T income verifications to be eSigned through idsDoc.

"Increasing efficiency is a top priority for every lender, and anytime lenders can automate labor-intensive processes or reduce delays through automation, that only serves to reduce turntimes and improve the borrower experience," said IDS Vice President and General Manager Mark Mackey. "QuestSoft has a long history as one of the industry's most reputable compliance and risk management technology firms, and we are thrilled to partner with them to integrate its income verification service into idsDoc."

Through the integration, loan teams are notified as soon as borrowers complete the 4506-T form in the IDS eSign room, allowing them to streamline the ordering process and pull direct-source data for more accurate income verification. As a result, joint QuestSoft-IDS customers can potentially reduce processing times while improving loan integrity and quality.

"As more lenders embrace the electronic signing of mortgage documents, the ability to easily order and verify income data through IDS and QuestSoft provides lenders a compliant, secure way to increase efficiency and speed the time from application to closing," said Steve Butler, Senior Vice President, Business Development at QuestSoft.

QuestSoft's full suite of IRS 4506-T verification services helps prevent fraud and inaccuracies before each loan is funded. A personal review by a QuestSoft expert ensures that data is properly analyzed. As an authorized Day 1 Certainty(R) Report Supplier, QuestSoft's 4506-T service also allows lenders to have freedom from reps and warrants.

About QuestSoft

Laguna Hills, Calif.-based QuestSoft is a leading provider of comprehensive compliance software and services for the mortgage, bank and credit union industries. QuestSoft combines 20+ years of mortgage regulatory, CRA and Fair Lending compliance analytics, data management and software design expertise with best-in-class customer service to consistently improve client compliance accuracy and facilitate smoother regulatory audits. QuestSoft products, interfaced with over 40 software providers, enable more than 2,700 banks, credit unions and mortgage companies to simplify and speed the collection, analysis, compilation and reporting of key lending regulatory report data. The company's software helped lenders submit over eight million error-free transactions to regulators in 2018. For more information, call 800-575-4632, ext. 1, or visit http://www.questsoft.com/.

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 eSignatures, 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. (https://info.idsdoc.com/)

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Mortgage document preparation vendor International Document Services, Inc. (IDS), today announced it has integrated 4506-T Verification Services from QuestSoft Corporation, one of the nation's leading providers of automated mortgage compliance software, into idsDoc.

Related link: https://info.idsdoc.com/

ARMCO Completes Fast Track 45-Day Implementation Delivering on Bay Equity’s QC Update Deadline

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, has announced that it has implemented ACES Audit Technology(TM) for Bay Equity Home Loans, well within the lender's 45-day deadline for launching its new quality control (QC) operations.

"It was a tall order to get everything up and running, configured, and have everyone trained within 45 days," said Cyndi Clouse, AVP of Quality Control for Bay Equity. "ARMCO's team was with us literally every step of the way. It's a 180-degree difference from implementations where you can feel abandoned once you sign the contract."

Bay Equity Home Loans is a full-service retail mortgage lending institution founded in June 2007. When senior management decided to update the company's QC processes, department executives seized the opportunity to find a technology that would improve its QC workflow.

Since implementing ACES, the company not only successfully launched its updated quality control initiatives, but also gained tangible efficiencies in its QC processes:
* Replaced email and spreadsheets as a means for sharing information, with a secure, real-time online platform that connects multiple QC locations
* Reduced turn times for month-end reports from several days to roughly one hour
* Accelerated configuration times from as much as five days, to just a few minutes.

Bay Equity was looking for an enterprise QC platform that was highly configurable to meet its unique business needs.

"We love that ACES' configurability gives such versatility in the ways we can use the technology," said Clouse. "We're looking forward to expanding use into our servicing QC audits and possibly within other Bay Equity departments.

"Proactive companies like Bay Equity always appreciate the superior implementation experience our client success team delivers," said Phil McCall, president of ARMCO. "We're thrilled to welcome Bay Equity to the ARMCO client family and we're looking forward to delivering an ongoing exceptional client experience."

For more details on how ARMCO helped Bay Equity reach their qc goals and meet deadlines, read the client case study (PDF): http://www2.armco.us/l/47622/2019-09-24/7sbw3z/47622/198741/ARMCO_Bay_Equity_Case_Study_8.5x11_final_V2.pdf

ABOUT ARMCO:

Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(TM), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, has announced that it has implemented ACES Audit Technology(TM) for Bay Equity Home Loans, well within the lender's 45-day deadline for launching its new quality control (QC) operations.

Related link: https://www.armco.us/

MCT Launches InvestorMatic™ Program to Elevate the Whole Loan Trading Experience Between Lenders and Investors

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has officially introduced a unique program called InvestorMatic(TM) in the lead up to the MBA Annual Convention & Expo in Austin, Texas being held Oct. 27 - 30. Amid increasing marketplace demands to digitize the mortgage loan trading process, the new program is designed to improve the lender experience in selling whole loans to their correspondent investor counterparts.

Company officials at MCT say the secondary market has traditionally been wrought with diverse and inefficient methods by which to communicate, initiate and accept loan bids, and complete whole loan sales between sellers and buyers. The InvestorMatic Program aims to address this problem and is the latest in a series of client-driven innovations that have been helping MCT clients optimize secondary marketing performance.

InvestorMatic is comprised of two core components: 1) a technology certification process that reviews and rates correspondent investors based on the convenience and depth of their whole loan sale process. 2) a suite of supporting software that assists correspondent investors in elevating the seller experience in key areas. This combination results in a much more efficient, streamlined, and secure whole loan trading process.

"For years, MCT has been helping lenders automate secondary marketing mortgage processes. Their continuous feedback and technology collaboration has played an instrumental role in the success of our core capital markets platform, MCTlive!," said Phil Rasori, COO at MCT. "MCT's InvestorMatic Program is our newest advancement, this time with a laser-focused goal of improving the lender experience in selling whole loans to their correspondent investor counterparts."

MCT conducted extensive research in the development of InvestorMatic, which identified five key components of the loan selling experience that lenders are looking for from their correspondent investors. Among them are faster pricing and commitment turn times; fully functioning Bid Tape AOT delivery channels; encryption of data in transit and at rest; real-time shadow bids and pricing; and bid tape mark-to-market pricing.

Based on performance in these key areas, MCT will be certifying applicable correspondent investors at bronze, silver, and gold technology certification levels before said levels are published in early December. These certifications will provide a handy reference to lenders on the technology experience they can expect when considering a relationship with a particular investor.

These certifications are made free-of-charge and regardless of the systems used, but InvestorMatic software is available to support interested investors. As always, MCT provides lenders with best execution analysis and recommendations designed to achieve their goals, and in which price competitiveness is the leading factor.

"Put simply, the MCT InvestorMatic Program is yet another step we've taken to move the mortgage industry forward in the secondary marketing space," stated Curtis Richins, President at MCT. "Part of our long-term corporate vision is to digitize the entire secondary marketing process, and InvestorMatic will help our lender clients and the investor community get another step closer to achieving this goal."

MCT will be holding discussions about its new InvestorMatic Program at the MBA Annual Convention & Expo in Austin, Texas being on Oct. 27 - 30. Register for the company's upcoming webinar on Nov. 7 at 11 a.m. PST to learn more about the InvestorMatic program. https://mct-trading.com/mct-webinar-introducing-new-investormatic-program/

About MCT:
Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully-integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes.

Headquartered in San Diego, MCT also has California offices in Healdsburg and Los Angeles, as well as sites in Dallas and Philadelphia. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style, hands-on engagement clients value. For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Social Media: @mcttrading #InvestorMaticProgram #MortgageHedgeAdvisory #SecondaryMarketingSoftware #MBAAnnual

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

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Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has officially introduced a unique program called InvestorMatic in the lead up to the MBA Annual Convention & Expo in Austin, Texas.

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

FormFree Teams Up with LexisNexis Risk Solutions to Revolutionize Digital Mortgage Loan Applications for Borrowers and Lenders

ATLANTA, Ga. /ScoopCloud/ -- FormFree(R) has teamed up with LexisNexis(R) Risk Solutions to help lenders intelligently pre-fill the Universal Residential Loan Application (Form 65/1003) for mortgage applicants. The combined solution, part of FormFree's Passport(TM) all-in-one verification app, significantly reduces the amount of information a consumer must manually input into a digital loan application, greatly simplifying the application process, minimizing input errors and improving the likelihood of completing the loan application.

How It Works

The LexisNexis Digital Mortgage Application Prefill solution works behind the scenes to verify the consumer's device, providing an initial layer of fraud defense before the transaction begins. Once the device is authenticated, consumers who opt to authenticate their identity and use the Passport electronic verification service can view, confirm and edit loan applications that have been prefilled with their personal information, including two year address history; assets and other real estate owned; employer information from Passport; monthly income; and combined housing expense information.

Value for Lenders

The combined solution allows lenders to provide a significantly improved online loan application experience. Benefits for lenders include:
* Improved mobile channel experience for consumers
* Minimized customer friction during the loan application process
* Seamless mitigation of fraud risk through fortified device and identity authentication
* Minimized operational costs through use of validated applicant data

"Passport gives customers an exceptionally streamlined way to apply for a loan, boosting efficiency and pull-through for lenders in a competitive market," said Brent Chandler, CEO of FormFree. "FormFree is advancing the industry's digital mortgage transformation to meet the evolving expectations of today's consumer. We're proud to offer our lender customers access to a capability that is so well aligned with our mission."

"Offering the LexisNexis Digital Mortgage Application Prefill solution to mortgage lenders through FormFree's Passport delivers a faster, mobile-ready and superior consumer experience while helping lenders showcase their differentiated digital mortgage capabilities," said Nick Larson, senior director for LexisNexis Risk Solutions. "Our combined service provides cleaner electronic data from trusted sources to lenders who in turn can offer consumers a quick and easy application experience. Seamlessly authenticating the consumer's device up front provides next-level consumer data privacy and identity fraud prevention."

Up-front device authentication is powered by LexisNexis(R) Digital Identity Network(R), a crowdsourced, cross-industry digital identity intelligence network comprised of some of the world's most trusted eCommerce, financial services and payments brands that enhances fraud and authentication decisioning while reducing friction for end users.

To request a demo of Passport by FormFree featuring LexisNexis Digital Mortgage Application Prefill, visit https://www.formfree.com/passport or stop by FormFree's booth #621 at the Mortgage Bankers Association's Annual Convention & Expo being held October 27-30 in Austin, Texas.

About FormFree(R)

FormFree(R) is a market-leading fintech company whose revolutionary products AccountChek(R) and Passport(TM) are changing the credit decisioning landscape and encouraging lenders nationwide to incorporate a more holistic view of each borrower's financial DNA. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing over a trillion dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, reduces origination timelines by up to 20 days and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey(TM). A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Athens, Georgia.

For more information, visit https://www.formfree.com/or follow FormFree on LinkedIn (https://www.linkedin.com/company/formfree-holdings-corporation/).

About LexisNexis Risk Solutions

LexisNexis(R) Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based and analytics and decision tools for professional and business customers across industries. For more information, please visit https://www.risk.lexisnexis.com/ and https://www.relx.com/.

Twitter: @RealFormFree @LexisNexisRisk #URLA #Form1003 #digitalmortgage

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FormFree has teamed up with LexisNexis Risk Solutions to help lenders intelligently pre-fill the Universal Residential Loan Application (Form 65/1003) for mortgage applicants. The combined solution significantly reduces the amount of information a consumer must manually input.

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

Industry Veteran Chris Olsen Joins OpenClose as Vice President of Sales Engineering

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that it added technology veteran Chris Olsen to help further expand its sales department. Chris holds the newly created position of vice president of sales engineering and will provide software support for OpenClose sales executives catering to mortgage bankers, credit unions, community banks and other real estate entities. He holds a through-and-through background in mortgage technology with a deep understanding of individualized lender needs.

"Chris brings a unique blend of enterprise-level solution-based experience, sales engineering methods supporting large lenders, development knowledge, project execution and management expertise from start-ups to Fortune 500 Companies," stated Vince Furey, chief revenue officer at OpenClose. "He will serve as a valuable resource for our organization as our rapid growth continues."

Chris comes to OpenClose from Ellie Mae, where he was a senior technical sales engineer managing enterprise LOS pre and post sales engagements for their core as well as add-on services. At Ellie Mae, he led multiple cross-organization training initiatives for new product introductions and positioning, provided consultative custom development insight and assisted with the successful onboarding of new lender customers.

Prior to joining Ellie Mae, Chris was a project manager and AVP at JP Morgan Chase, interfacing with senior management to prioritize projects, determine business requirements, and serve as the primary vendor point of contact throughout new projects. He also hired, built and spearheaded a team of developers and technical analysts to drive enterprise-wide implementation of high-profile business workflows.

Previous to that, he was a senior software developer and partner at ClosersEdge, an independent software provider for the real estate title and settlement services industry. While there, he assembled and led a team of developers to build and consume high-quality, commercial web-based services and multi-tier online applications including REST and SOAP protocols. ClosersEdge was successfully acquired by TSS Software Corporation, a nationwide company with approximately 18,000 users.

"I look forward to working with lenders and taking OpenClose's pre and post sales engineering to the next level," said Olsen. "The completely browser-based comprehensive mortgage software suite that OpenClose has developed and continues to expand on is in high demand by a variety of different lending entities of all types and sizes. OpenClose is an innovative and nimble software firm that has major advantages over the competition. I will enjoy showcasing their immense strengths, disruptive software model and far-reaching lender benefits."

At OpenClose, Chris will play a key role in further advancing the company's digital mortgage point-of-sale (POS) solution, ConsumerAssist(TM) Digital POS, which operates seamlessly with OpenClose's LenderAssist(TM) LOS, DecisionAssist(TM) product and pricing engine (PPE), and IntegrationAssist(TM) RESTful API ecosystem. The single-source solution is one of the first of its kind in the mortgage industry, increasing demand among lending entities of all types looking to streamline their POS and LOS experience and workflow.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up.

The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

Social Media: @OpenCloseSocial #MultiChannelLOS #POSDigitalMortgage #DigitalMortgageEcosystem #LoanOriginationSoftware

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

*PHOTO link for media: https://www.Send2Press.com/300dpi/19-1023s2p-chris-olsen-openclose-300dpi.jpg

OpenClose, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that it added technology veteran Chris Olsen to help further expand its sales department. Chris holds the newly created position of vice president of sales engineering.

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

LBA Ware’s CompenSafe™ Enhances the Loan Originator Experience at Guaranteed Rate

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, today announced that Guaranteed Rate Companies has improved internal processes and enhanced the loan originator (LO) experience with the implementation of CompenSafe(TM). One of the largest retail mortgage lenders in the United States, Guaranteed Rate has deployed CompenSafe nationwide to improve its automated compensation process for nearly 1,500 LOs and other bonus-eligible employees.

According to Ken Kane, Chief Accounting Officer for Guaranteed Rate, the switch from manual, spreadsheet-based incentive calculation to an automated solution tailor-made for the mortgage industry has enabled Guaranteed Rate Companies to scale more efficiently. It's also freed the lender's accounting staff to spend less time preparing compensation statements and more time on compensation review, which helps the company reduce risk and provide a better experience for LOs.

"Since Guaranteed Rate is a sales-driven company, our leadership team seeks out the most innovative tools to enable efficiency so our loan originators can focus on their customers," said Kane. "We consistently strive to provide the best overall experience, which includes a quality compensation product. CompenSafe delivers process improvements that empower our support staff to work smarter, not harder."

"Lenders of all sizes - from community banks and independent mortgage lenders to companies like Guaranteed Rate that are leading the industry in loan production - need technologies that allow employees to focus on the tasks that add the most value," said LBA Ware Founder and CEO Lori Brewer. "CompenSafe delivers immediate gains in operational efficiency while simultaneously improving the compensation experience for any lender's most important asset: its loan teams."

For more information, visit https://lbaware.com/compensafe.

About LBA Ware(TM):

LBA Ware is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations.

A 2019 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia. For more information, visit https://lbaware.com.

Twitter: @LBAWare @GuaranteedRate #CompenSafe #automation #processimprovement #compensation #LOcomp #incentivizeperformance

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LBA Ware, a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, today announced that Guaranteed Rate Companies has improved internal processes and enhanced the loan originator (LO) experience with the implementation of CompenSafe.

Related link: https://lbaware.com/

SimpleNexus Integrates with Reggora, Enabling Loan Originators to View and Manage Appraisals on the Go

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced it has partnered with Reggora, the leading automated appraisal technology for mortgage lenders and appraisers in delivering a range of origination solutions for the mortgage industry. The integration enables loan originators (LOs) to manage appraisals on the go within the SimpleNexus mobile app.

The integration with Reggora's end-to-end appraisal platform better enables LOs and real estate partners to collaboratively support borrowers through the entire homebuying process. From the SimpleNexus app, LOs can receive real-time appraisal status updates, share appraisal information with borrowers and real estate agents, and receive appraiser messages.

"A core value at SimpleNexus is love for the customer; for that reason, we are committed to forging technology partnerships that deliver real ROI for our users," said SimpleNexus COO Ben Miller. "Our integration with Reggora saves LOs from having to toggle back and forth between multiple systems to manage appraisals, putting time back in their day to build relationships and facilitate a smooth closing experience."

"Appraisal scheduling and management is a common source of delays to the closing process," said Reggora CEO Brian Zitin. "Reggora's end-to-end appraisal platform streamlines the appraisal experience-from scheduling, to payment, to report delivery. Lenders benefit from faster turn-around times and shorter time to close."

SimpleNexus empowers more than 20,000 loan officers to "do more" while serving more than 220 mortgage companies, including 15 of the top 25 retail lenders in the United States. For more information, visit https://simplenexus.com/domore.

About Reggora:

Reggora is a modern all-in-one appraisal platform for mortgage lenders and real estate appraisers. Reggora's software condenses and streamlines appraisals by automating traditionally manual processes such as finding appraisers, scheduling appraisal inspections, payment processing and underwriting. The company's platform provides mortgage lenders with higher quality appraisals and reduced turn times, while giving appraisers free tools to process more orders and maximize efficiency. Reggora is based out of Boston, Massachusetts. For more information, visit https://www.reggora.com/ or contact pablo@reggora.com for inquiries.

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go.

Twitter: @SimpleNexus #digitalmortgage

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SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced it has partnered with Reggora, the leading automated appraisal technology for mortgage lenders and appraisers in delivering a range of origination solutions for the mortgage industry.

Related link: https://simplenexus.com/

ReverseVision Unveils New Tech Strategy with Major Platform Updates and Brand Transformation at 2019 MBA Annual Conference

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision, the leading provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, today announced its transformation as an API-enabled flexible reverse lending platform, unveiling a new logo as part of its revised mission and rebranding.

ReverseVision technology supports more reverse mortgage transactions than all other systems combined. Its revised approach and associated system updates reflect ReverseVision's commitment to evolving platform functionality and equipping every lender-forward and reverse-with tools to easily integrate HECM and private reverse mortgages into the loan evaluation, sales and origination process for every applicable senior borrower.

"The ReverseVision platform is transforming to enable a broader range of implementations matching lenders' business models. We are enabling all lenders to meet borrowers where they are in life," said ReverseVision Vice President of Sales and Marketing Wendy Peel. "Our revised API-enabled platform offers an operationally pragmatic approach to reverse home equity products."

"By providing open APIs that accelerate connectivity with all mortgage lending and retirement planning systems, we are powering greater integration and use of reverse lending in the mortgage ecosystem. New technology partnerships with leading digital mortgage firms will greatly expand presentation and demand for reverse lending. We seek to put tools in the hands of every lender that wants to create borrowers for life with a comprehensive Generational Lending strategy," added Peel.

Initial system capabilities provided by the revised platform include:

* Loan Import API
The development of a loan import API enables any system to programmatically create and prepopulate a reverse loan file within ReverseVision Exchange (RVX). Common system sources include customer relationship management (CRM) systems, point-of-sale solutions, forward loan origination system (LOS) or other third-party software. The loan import API saves LOs from retyping information into multiple systems by automatically importing relevant borrower data fields into RVX at the touch of a button.

* Streamlined product selection within RVX
An update to ReverseVision Administrator (RVA) simplifies the loan program selection menu, improving the loan selection process for LOs.

* Simplified attachments and docs packaging
Available in 2020 ReverseVision users will be able to build a list of documents to be attached to a loan via a single request, significantly reducing the time it takes to attach multiple documents to a loan file.

* Comparison Calculator API
Due to the popularity of RVSA's Comparison Calculators, ReverseVision will release an accompanying API in 2020. The Comparison Calculator API will allow lenders to place ReverseVision's acclaimed Comparison Calculators into their own point-of-sale solution, LOS, CRM, website or mobile app, to provide borrowers and LOs with a visually interactive tool for comparing HECMs and private reverse loans against home equity lines of credit (HELOCs) and traditional first- and second-lien mortgages.

These capabilities are made possible by an all new cloud computing based platform that operates in concert with the classic core RVX origination system. The new architecture enables significantly more flexibility for interaction with other systems and improved scalability while retaining comprehensive reverse origination features. The approach avoids the need for lenders to implement an all new system to exploit a growing set of integrated capabilities. In turn, ReverseVision customers can exploit these new APIs for internal integration and development efforts.

"HECM and private reverse programs have undergone massive transformations and so has our technology," said ReverseVision President and CEO John Button. "ReverseVision's improved capacity for technology coexistence will help all lenders meet borrowers where they are in life and better serve the unique financial needs of senior customers."

ReverseVision's updated visual identity is accompanied by the new tagline, "Rethink. Remortgage. Retire." Additionally, product logos for RVX, ReverseVision Sales Accelerator (RVSA), ReverseVision Database (RVDB), ReverseVision Pro Services (RVPS) and ReverseVision University (RVU) have been refreshed to reflect the rebrand.

About ReverseVision

ReverseVision, Inc. is the leading Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology platform, supporting more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite flexes to lenders' unique business and operational models, connecting all lending participants across the entire reverse mortgage lifecycle to meet borrowers where they are in life. A four-time HousingWire TECH100(TM) company, ReverseVision continues to build on its technology's pioneering capabilities with frequent enhancements aimed at boosting users' reverse mortgage volume and workflow efficiency.

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

Twitter: @reversevision #digitalmortgage #HECM

*LOGO link for media: https://www.Send2Press.com/300dpi/19-1029s2p-reversevision-300dpi.jpg

ReverseVision, the leading provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, today announced its transformation as an API-enabled flexible reverse lending platform, unveiling a new logo as part of its revised mission and rebranding.

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

Bank of Southern California, NA and CalWest Bancorp, the Holding Company for CalWest Bank, Announce Agreement to Merge

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW), today announced the signing of a definitive agreement and plan of merger (the "Agreement") whereby CalWest Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals and the approval of the shareholders of CALW and BCAL. According to the terms of the agreement, BCAL's all-cash offer of 0.43 cents per CALW share values the transaction at approximately $32 million. The merger is expected to close in the first quarter of 2020.

The merger combines two Southern California franchises with similar core operating philosophies and cultures. Headquartered in San Diego, CA, Bank of Southern California currently operates eleven branch locations and one production office in San Diego County, the Coachella Valley in Riverside County, Orange County, and Los Angeles County. CalWest Bank is headquartered in Rancho Santa Margarita, CA, with three branches located in Orange County and one office located in Redlands. The proposed merger with CalWest Bank follows Bank of Southern California's acquisition of four-branch Glendale, CA based Americas United Bank in July 2018, providing Bank of Southern California with its first expansion opportunity into the desirable Los Angeles market.

CalWest Bank offers an attractive footprint in the Orange County market, providing Bank of Southern California with the opportunity to continue its strategic expansion in Southern California. Bank of Southern California currently operates one regional branch location in Orange County. Upon completion of the transaction, the combined organization will have pro forma assets of approximately $1.1 billion and combined capital of approximately $120 million.

Commenting on the announcement, Nathan Rogge, President and Chief Executive Officer of Bank of Southern California, said, "The combined bank offers a highly attractive franchise for us in the dynamic Orange County market and furthers Bank of Southern California's vision of expanding our market share in Southern California. CalWest Bank is a well-managed community business bank with a strong relationship banking culture, making it a great fit for us. Bank of Southern California recently expanded into Los Angeles in July 2018, and in Orange County in December 2017, so this opportunity allows us to continue to execute the next natural extension of our planned growth. We believe this transaction allows the bank to better serve the clients of both organizations with increased lending capabilities, technology enhancements, and an increased branch network. Additionally, it provides a great value for our shareholders, creates opportunities for our employees, and expands our franchise to better serve customers of both organizations," concluded Rogge.

Glenn E. Gray, President and Chief Executive Officer of CalWest Bank, echoed, "We are pleased to partner with an organization that shares our approach to community banking. Our clients and employees will benefit by joining a bank with a commitment to exceptional customer service and strong employee culture. We believe our franchise will meaningfully contribute to Bank of Southern California's vision of becoming a leading community business bank in Southern California. Bank of Southern California's sound financial condition and comprehensive business expertise make them an excellent choice and natural partner for us."

Nathan Rogge will continue as President and CEO, and the existing Bank of Southern California executive management team will continue in their current roles at the combined bank.

MJC Partners, LLC served as financial advisor and Duane Morris LLP served as legal counsel to Bank of Southern California. Janney Montgomery Scott LLC, served as financial advisor and Stuart Moore Staub served as legal counsel to CalWest Bancorp.

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 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 eleven offices and one production office in San Diego County, the Coachella Valley in Riverside County, Orange County, and Los Angeles County. For more information, please visit https://www.banksocal.com/ or call 858.847.4780.

About CalWest Bancorp

CalWest Bancorp is the holding company of CalWest Bank, a community bank recognized for its exemplary service to entrepreneurs, high net worth individuals and non-profit organizations located throughout Southern California. The Bank serves the business community through its four branches located in Rancho Santa Margarita, Irvine, Huntington Beach and Redlands. For more information, please visit https://calwestbancorp.com/ or call 949.766.3006.

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 and CalWest Bancorp intend for such forward-looking statements to be covered by the safe harbor provisions of that Act. These include statements as to the anticipated benefits of the merger, including future financial and operating results, cost savings and enhanced revenues that may be realized from the merger as well as other statements of expectations regarding the merger and any other statements regarding future results or expectations.

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 which could have a material effect on the operations and future prospects of each of Bank of Southern California and CalWest Bancorp and the resulting company, include but are not limited to: the businesses of Bank of Southern California and/or CalWest Bancorp may not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected; expected revenue synergies and cost savings from the merger may not be fully realized or realized within the expected time frame; revenues following the merger may be lower than expected; customer and employee relationships and business operations may be disrupted by the merger; the ability to obtain required regulatory and shareholder approvals, and the ability to complete the merger on the expected timeframe may be more difficult, time-consuming or costly than expected; the ability of the Bank of Southern California 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.

Additional Information About the Merger

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote for approval of the merger. In connection with the proposed merger a joint proxy statement will be provided to the shareholders of both institutions which will provide detailed information about the merger and the two institutions. Shareholders will be encouraged to read the joint proxy statement carefully before voting on the merger. The directors, executive officers, and certain other members of management and employees of Bank of Southern California and CalWest Bancorp may be deemed to be participants in the solicitation of votes to approve the merger. Additional information regarding the interests of those participants and other persons who may be deemed participants in the merger may be obtained by reading the joint proxy statement when it becomes available.

Media Contacts:
Tony DiVita
Bank of Southern California
858.847.4783
tdivita@banksocal.com

Glenn Gray
CalWest Bancorp
949.766.3088
ggray@calwestbancorp.com

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Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL / OTC:CALW

Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW), today announced the signing of a definitive agreement and plan of merger (the "Agreement") whereby CalWest Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals and the approval of the shareholders of CALW and BCAL.

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

STRATMOR Group’s 2019 Technology Insight Study Again Scores MCT Highest for Overall Satisfaction, Lender Loyalty, and Lender Share

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that the study results from STRATMOR Group's 2019 Technology Insight Study show MCT as the industry leader in lender share, overall satisfaction, and Lender Loyalty Score(r) in the Production Pipeline Hedging category.

STRATMOR reported that this year's sample includes responses from 250 mortgage professionals representing 209 unique lenders. Using 2017 HMDA data, the survey sample represents 29 percent of the market.

75.1 percent of respondents use third-party tools for Production Pipeline Hedging and 39.9 percent chose MCT, giving MCT the highest Lender Share among pipeline hedging providers.

This year MCT again had the highest Lender Loyalty Score(r), which is an indication of how likely lender clients are to stay with their vendor. MCT scored an impressive 86.4 out of 100 with the average competitor at a distant 37.9. In addition, MCT also had the highest Overall Satisfaction of any vendor measured in the study, coming in at 9.3 out of 10.

"We are elated to again receive the highest scores in our category in STRATMOR's Technology Insight Study, which we see as a direct reflection of how diligently we work to support our clients," stated Curtis Richins, president at MCT. "We've introduced a number of innovative technology solutions over the last few years, which combined with our commitment to exceptional client service has helped catapult us into the industry-leader position."

MCT's Trade Auction Manager (TAM) and the new MCTlive! mobile app are among the most recent innovations differentiating the MCT client experience. TAM has enabled electronic trading of TBA mortgage-backed securities while the MCTlive! mobile app allows users to manage their pipeline on-the-go. According to Andrew Stringer, Director of Capital Markets at First Bank, "As a busy professional

and a new dad, the ability to react quickly to market changes whether I'm at a branch, a conference, or a coffee shop is a huge game changer."

MCT is proud of the experience clients shared as part of the STRATMOR Group's 2019 Technology Insight Study, and remains dedicated to client profitability, efficiency, and growth. To learn more about MCT's unique blend of award-winning technology and best-in-class customer service, visit the About MCT page.

About MCT:
Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully-integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive!. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, MCT also has California offices in Healdsburg and Los Angeles, as well as sites in Dallas and Philadelphia. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style, hands-on engagement clients value. For more information, visit https://mct-trading.com/ or call (619) 543-5111.

About STRATMOR:
STRATMOR Group is a leading mortgage industry advisory firm that provides a range of programs and services designed to counsel lender CEOs and senior executives. STRATMOR serves more than 250 companies annually, providing strategies that increase growth and improve profitability in sales, marketing, technology, operations and mergers and acquisitions using comprehensive, propriety data and key insights gained through extensive experience in the mortgage industry. The company is well known for its financial models and its collaboration with the Mortgage Bankers Association in the PGR: MBA and STRATMOR Peer Group Roundtables program. Find out more about STRATMOR on its website at www.stratmorgroup.com.

Twitter: @mcttrading #StratmorGroup #TechnologyInsightStudy #MCT #MortgageHedgeAdvisory #SecondaryMarketingSoftware

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

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Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that the study results from STRATMOR Group's 2019 Technology Insight Study show MCT as the industry leader in lender share, overall satisfaction, and Lender Loyalty Score(r) in the Production Pipeline Hedging category.

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

New DocMagic Mobile Application Leverages Backend Technology to Fill Critical Gap in Digital Lending Workflow

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced the launch of its new LoanMagic mobile application. LoanMagic, which is provided free to all DocMagic customers, leverages a powerful backend platform that provides full interoperability with DocMagic solutions, as well as other third-party mortgage software.

"Bringing mobile functionality to borrowers and enabling lenders to connect with their customers is the end goal of most mobile applications in our industry-but at DocMagic, it is just the beginning," says Dominic Iannitti, president and CEO of DocMagic. "LoanMagic isn't an add-on. It's a fully interoperable technology that fills a critical gap in the digital mortgage process. It is just as powerful as any of our flagship and award-winning technology."

LoanMagic is an intelligent, intuitive mobile application that provides a quick, easy and transparent way for borrowers to stay fully engaged with their loans-and lenders-throughout the mortgage cycle. Its core functionality includes real-time loan status, document uploads, eSigning, integrated messaging, task management, push notifications and more. LoanMagic leverages DocMagic's eVault to ensure that every transaction is logged and securely stored, and it uses a "gamified" design that encourages borrower engagement by making the process of fulfilling conditions faster, easier and more entertaining for the borrower.

LoanMagic's primary differentiator is at its backend, which allows the mobile app to provide an unprecedented level of interoperability with numerous relevant technologies, ranging from DocMagic's solutions to point-of-sale systems (POS), loan origination systems (LOS), borrower-facing applications, closing solutions, various settlement services technology, document scanning, cloud storage tools and others.

"A truly digital mortgage offers a continuous, fluid experience for everyone. The lender should not be patching holes or bridging gaps," says Iannitti. "With LoanMagic, there's no data degradation, no delay, no added steps lenders need to take to make up for the use of a mobile application, like they may have experienced with other mobile applications in the past. LoanMagic feels and acts like an organic part of the technologies it supports. That's imperative for a truly digital mortgage experience."

LoanMagic eliminates many of the issues that have traditionally caused delays in the mortgage process. The result is greater transparency and visibility, lower cost to produce loans, assurance of compliance and elimination of surprise issues that create delays at the closing table. DocMagic provides LoanMagic at no additional cost to its customers as part of its mission to increase digital mortgage adoption, broaden collaboration among the numerous disparate entities involved in a mortgage, and advance interoperability between systems across the supply chain.

Learn more about LoanMagic or see a demo by contacting sales@docmagic.com or visiting http://www.docmagic.com/loanmagic. In addition, DocMagic will offer demonstrations of LoanMagic in booth 407 at the MBA Annual Convention & Expo in Austin, Texas from Oct. 27 - 29.

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 1987 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 http://www.docmagic.com/.

Twitter: @DocMagic #LoanMagic #DigitalMortgage #DigitalLendingWorkflow #MBAAnnualConvention

###
Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

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DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced the launch of its new LoanMagic mobile application. LoanMagic, which is provided free to all DocMagic customers, leverages a powerful backend platform that provides full interoperability with DocMagic solutions, as well as other third-party mortgage software.

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

FormFree Welcomes Christy Moss, CMB as Director of Partner Relationships

ATHENS, Ga. /ScoopCloud/ -- FormFree(R) today announced it has appointed former Fannie Mae Strategic Business and Relationship Manager Christy Moss, CMB as director of partner relationships. In her role at FormFree, the 30-year mortgage industry veteran will strengthen and grow industry partnerships and cultivate internal talent as leader of the company's strategic sales team.

"A landmark hire for our organization, Christy is well-positioned to help FormFree grow and impact real change on the mortgage industry," said FormFree Founder and CEO Brent Chandler. "A consummate professional, she is adept at developing strategic organizations, brilliant at creating the face of a company and highly invested in cultivating the next generation of mortgage professionals through mentorship. We are thrilled to welcome Christy to the team."

Prior to joining FormFree, Moss held an 11-year tenure at Fannie Mae, where she played a critical role spearheading relationships with lenders and partners to advance business initiatives mutually beneficial to stakeholders across the mortgage lending ecosystem. In recent years, her role as Fannie Mae strategic business relationship manager led Moss to focus on driving lender and partner adoption of technology that improves borrower experience and profitability.

Having held advanced positions in the correspondent lending divisions of such organizations as CitiMortgage, Wachovia and GE Capital Mortgage Services, Moss possesses an in-depth understanding of both the primary and secondary mortgage markets. Additionally, Moss is a designated Certified Mortgage Banker (CMB).

"The passion I have poured into helping drive the digital transformation for consumers, lenders and investors, and how I envision the future of our industry aligns perfectly with FormFree's mission and vision," said Moss. "I look forward to helping change what is most consumers' largest financial transaction into an easy, stress-free digital experience. Together with FormFree, I will help the industry we all love navigate its digital transition to improve the mortgage process for everyone."

"This is a great day for FormFree and our industry as we move forward in modernizing lending," said Faith Schwartz, board member at FormFree. "Christy knows lending and has been a driver of the great transformation happening in our industry. Her immense passion for advancing the mortgage industry paired with her extensive experience as an ambassador of digital mortgage processes make her an excellent fit at FormFree."

About FormFree

FormFree(R) is a market-leading fintech company whose revolutionary products AccountChek(R) and Passport(TM) are changing the credit decisioning landscape and encouraging lenders nationwide to incorporate a more holistic view of each borrower's financial DNA. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing over a trillion dollars in loan verifications.

FormFree delights borrowers and lenders with a paperless experience, reduces origination timelines by up to 20 days and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey(TM). A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Athens, Georgia.

For more information, visit https://www.formfree.com/or follow FormFree on LinkedIn.

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Twitter: @RealFormFree #digitalmortgage

FormFree today announced it has appointed former Fannie Mae Strategic Business and Relationship Manager Christy Moss, CMB as director of partner relationships. In her role at FormFree, the 30-year mortgage industry veteran will strengthen and grow industry partnerships and cultivate internal talent as leader of the company's strategic sales team.

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

Bank of Southern California NA Names Jacob Mathews Managing Director of Business Banking

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Jacob Mathews has joined the company as Managing Director of Business Banking. He will be responsible for expanding Bank of Southern California's client base by actively seeking new business opportunities in Los Angeles County and Orange County.

Mr. Mathews is an accomplished business banker with a wealth of in-market knowledge and a commitment to helping small businesses grow and succeed. Prior to joining Bank of Southern California, he served as Relationship Manager II with California Bank & Trust.

"We are pleased to welcome Jacob to our experienced team of Managing Directors. He is a deeply rooted and experienced banker with a proven history of delivering custom-tailored financial solutions to small and mid-sized businesses throughout Southern California," said John Chung, Group Managing Director. "We look forward to Jacob's contributions as Bank of Southern California continues to build upon its success and realize additional growth opportunities in Los Angeles County and Orange County," concluded Chung.

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 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 eleven branches in San Diego County, Los Angeles County, Orange County, and the Coachella Valley in Riverside County, as well as a production office in West Los Angeles.

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

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Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Jacob Mathews has joined the company as Managing Director of Business Banking. He will be responsible for expanding Bank of Southern California's client base by actively seeking new business opportunities in Los Angeles County and Orange County.

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

The Nation’s 34th Largest Retail Insurance Broker Prime Risk Partners Joins EPIC

ATLANTA, Ga. /ScoopCloud/ -- Prime Risk Partners Inc. and EPIC Insurance Brokers & Consultants, announced today that they have entered into an agreement to join forces. Prime Risk Partners, headquartered in Atlanta, Georgia, is a growing national firm of experienced insurance professionals dedicated to providing tailored solutions to help their clients manage a wide range of risks in a rapidly changing and unpredictable world.

Ranked among the top 35 retail insurance brokers in the United States, Prime Risk Partners employs a highly consultative approach to commercial insurance, personal insurance, risk management and employee benefits consulting services.

EPIC, founded in 2007, has grown to become one of the 15 largest U.S. retail insurance brokers and the nation's 9th largest privately-held insurance brokerage, with core beliefs in and a strong reputation for service excellence, innovation, community, collaboration and having fun - all in the interest of being a "people first" organization.

"Our partners have been delivering strategic guidance and service around the risk management, insurance and benefit consulting needs of our clients for decades," said Prime Risk Partners' Chairman & CEO Bret Quigley. "Joining EPIC will allow us to deliver an even broader and deeper set of capabilities and added value to our clients with the same commitment to excellence that has always been a hallmark of our partners."

"Our vision for Prime Risk Partners is to build a superior national insurance platform. Joining EPIC allows us to accelerate that vision rapidly with like-minded leadership we know well and respect," added Adam Meyerowitz, Prime Risk Partners' President and Co-Founder. "We are thrilled to join forces with such a unique and highly successful company as EPIC."

Prime Risk Partners will initially operate as Prime Risk Partners - an EPIC Company following closing. Prime Risk Partners' operating leadership and insurance professionals will continue to provide service from their existing locations. Adam Meyerowitz will join EPIC's executive leadership team.

Said EPIC President, Steve Denton, "Bret Quigley and Adam Meyerowitz have built Prime Risk Partners the right way by bringing together brokers and agents with great reputations and specialties in the markets they serve. Their team fits perfectly with our existing New York and New Jersey operations, adds a substantial presence to our Boston business and opens up a sizable new region for us in the Midwest. We are thrilled be able to partner with Prime Risk Partners and we look forward to the future together."

"We are delighted for Prime Risk to join the EPIC family, a unique platform in the insurance brokerage market focused on being the best home for producers and driving best-in-breed organic growth. Prime's integrated business fits well within EPIC and further bolsters our northeast hub, which has been a critical focus during our partnership with EPIC," said Steve Puccinelli, Partner at Oak Hill.

"We could not have asked for a better management team than the Prime Risk Partners team, led by Bret Quigley and Adam Meyerowitz, to help us take Prime Risk Partners from the idea stage to become the successful and growing top brokerage firm it is today," said Ganesh Rao, Managing Director at Thomas H. Lee Partners, Prime Risk Partners' original equity sponsor. "They have been fantastic partners and we are gratified to know that Prime Risk Partners will be well positioned to continue growing by joining forces with EPIC."

Barclays and Waller Helms Advisors acted as financial advisors and Weil, Gotshal & Manges acted as legal advisor to EPIC. Reagan Consulting acted as financial advisor and King & Spalding acted as legal advisor to Prime Risk Partners.

About Prime Risk Partners - an EPIC Company

Prime Risk Partners, headquartered in Atlanta, is a growing national firm of experienced insurance professionals dedicated to providing tailored solutions to help our clients manage a wide range of risks in an unpredictable world. Recently ranked among the top 35 brokers in the United States, Prime Risk Partners employs an ongoing consultative approach to meet commercial, personal, and employee benefits insurance needs. For additional information, please visit https://primeriskpartners.com.

About EPIC Insurance Brokers & Consultants

EPIC Holdings, Inc. is the corporate parent overseeing investments across the entire EPIC platform. The firm's core retail insurance brokerage business, EPIC Insurance Brokers & Consultants, now has more than 2,000 team members operating from more than 70 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs, and Private Client solutions to EPIC clients.

EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence. EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC ranks among the top 15 retail insurance brokers in the U.S. Backed and sponsored by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country. For additional information, please visit https//epicbrokers.com.

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Prime Risk Partners Inc. and EPIC Insurance Brokers & Consultants, announced today that they have entered into an agreement to join forces. EPIC, founded in 2007, has grown to become one of the 15 largest U.S. retail insurance brokers and the nation's 9th largest privately-held insurance brokerage.

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

FormFree’s Brent Chandler, Faith Schwartz Lend Their Expertise to Prominent Mortgage Industry Events

ATHENS, Ga. /ScoopCloud/ -- FormFree(R) today announced that company board member Faith Schwartz and Founder and CEO Brent Chandler have been invited to share their subject matter expertise at prominent upcoming mortgage industry events. Schwartz and Chandler will participate on panels at the Mortgage Bankers Association's (MBA) Annual Convention and Expo and NEXT Mortgage Events' #NEXTDC19 conference, respectively.

The MBA Annual Convention and Expo takes place October 27-30, 2019, at the Austin Convention Center in Austin, Texas.

Schwartz will participate in the Innovation and Tech breakout session "Perfect Harmony: Protecting Personal Information" on Tuesday, October 29, from 3 - 4 p.m., where she will discuss how lenders can best protect borrowers' sensitive financial information with co-panelists Louann Bernstone, managing director and head of vendor management at Promontory Fulfillment Service; Nicole Booth, vice president of public policy at Quicken Loans; and Courtenay R. Dunn, counsel at MERSCORP.

#NEXTDC19 takes place November 18-19, 2019, at the Kimpton Hotel Monaco in Washington, D.C.

Chandler will participate in the panel "Digital Impact: Drivers and expectations fueling (and stalling) mortgage's digital transformation" on Tuesday, November 19, from 2 - 3 p.m. Cindy Keith, director of product development at Fannie Mae, will moderate a discussion of digital mortgage transformation and its impact on various sectors of the housing industry featuring panelists Julie Jones, senior vice president at Class Valuation and Shelley Leonard, executive vice president at Black Knight.

"Mortgage technology is in the midst of an exciting evolution, and it is crucial that we prioritize the experiences of the people involved in the lending process as we reorganize processes and develop technology," said Chandler. "I look forward to discussing how the housing economy can work together to promote a measurably more frictionless, secure and productive home lending process."

FormFree is a proud sponsor of #NEXTDC19. Organized by NEXT Mortgage Events, Housing Finance Strategies and Women in Housing Finance, #NEXTDC19 is the first women's executive summit to bring together Washington policy makers, fintech luminaries and mortgage lending executives for a dedicated, ongoing conversation on housing policy's impact on mortgage lenders and fintech providers.

Additionally, FormFree will exhibit at the MBA Annual Convention and Expo, where the company can be found at booth #621. With over 4,000 attendees, the show is the largest mortgage industry event of the year.

About FormFree(R)

FormFree(R) is a market-leading fintech company whose revolutionary products AccountChek(R) and Passport(tm) are changing the credit decisioning landscape and encouraging lenders nationwide to incorporate a more holistic view of each borrower's financial DNA. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing over a trillion dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, reduces origination timelines by up to 20 days and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey(tm). A HousingWire TECH100(tm) company for four consecutive years, FormFree is based in Athens, Georgia.

For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

Twitter: @RealFormFree @NEXTMtgEvents #NEXTDC19 #MBAAnnual19 #digitalmortgage

FormFree today announced that company board member Faith Schwartz and Founder and CEO Brent Chandler have been invited to share their subject matter expertise at prominent upcoming mortgage industry events. Schwartz and Chandler will participate on panels at the Mortgage Bankers Association's (MBA) Annual Convention and Expo and NEXT Mortgage Events' #NEXTDC19 conference, respectively.

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

EPIC’s Kamran Khaliq Recognized as 2019 ‘Young Gun’ by Insurance Business America

NEW YORK, N.Y. /ScoopCloud/ -- EPIC Insurance Brokers and Consultants, a unique and innovative national retail insurance brokerage and employee benefits consulting firm, announced today that Kamran Khaliq, Vice President, Private Equity and M&A, has been named a 2019 Insurance Industry "Young Gun" by Insurance Business America (IBA).

According to IBA, this recognition represents, "an annual look at the young insurance professionals who are inspiring their peers with their expertise and passion for the industry - individuals who have managed to stand out in a competitive pool of talent, some with only a few years' experience in the business." All those being recognized are under the age of 35.

Khaliq began his insurance industry career in 2014, following his graduation from Rutgers, The State University of New Jersey-New Brunswick, where he earned a Bachelor's Degree, Cum Laude, with a Double Major in Economics and Political Science and a Minor in Sociology.

Said Marc Kunney, President, Risk Management for EPIC Insurance Brokers and Consultants, "Kamran has been an absolute standout since joining our firm in 2017 and we are both pleased and proud to see him recognized by IBA in this way. His expertise and passion for our business are motivating to all he works with, other EPIC team members and our clients, alike."

Kamran Khaliq can be reached in New York at (212) 295-5590 or kamran.khaliq@epicbrokers.com.

About EPIC Insurance Brokers & Consultants

EPIC is a unique and innovative retail property and casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence.

EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC now has more than 2,000 team members operating from more than 70 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs and Private Client solutions to EPIC clients.

With run rate revenues greater than $600 million, EPIC ranks among the top 15 retail insurance brokers in the U.S. Backed and sponsored by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country. For additional information, please visit https://www.epicbrokers.com/.

*PHOTO link for media: https://www.Send2Press.com/300dpi/19-1014s2p-Kamran Khaliq-300dpi.jpg

EPIC Insurance Brokers and Consultants, a unique and innovative national retail insurance brokerage and employee benefits consulting firm, announced today that Kamran Khaliq, Vice President, Private Equity and M&A, has been named a 2019 Insurance Industry "Young Gun" by Insurance Business America (IBA).

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

AutoAwards Shares Tips to Boost F&I Sales Through An Auto Dealership Maintenance Program (PPM)

ODESSA, Del. /ScoopCloud/ -- AutoAwards, a leader in loyalty marketing for auto dealerships, realizes sales are extremely competitive and difficult at times. Starting a rewards program can help auto dealerships overcome weak sales. AutoAwards has proven solutions to help dealerships increase sales performance across all departments. With AutoAwards' 30+ years of experience implementing rewards and Prepaid Maintenance programs for dealerships, we have a proven track record of boosting Finance & Insurance (F&I) sales.

All too often, F&I is left out when it comes to dealership loyalty programs. Within some dealerships, there is a distinct separation between the sales department, service department, and F&I. Their goals can even seem at odds with each other at times. That division is both unnecessary and counterproductive. With AutoAwards, the auto dealership rewards program increases sales activities across all departments.

Why Start a Loyalty Rewards Program?

A rewards program helps auto dealerships gain new customers and keep existing customers happy. A rewards program assists dealerships by creating multichannel loyalty. A customer earns rewards to use towards gift certificates, discounts on services and parts and free car washes or tire rotations. The benefits of starting a rewards program include building loyalty with customers, encouraging brand recognition and including the community.

Why Start a Dealership Prepaid Maintenance Program

A prepaid maintenance program for dealerships provides an advantage over competitors with customer retention. Vehicle owners pre-buy the program to get regular maintenance for their vehicle. A Prepaid Maintenance Program keeps customers coming back to the dealership through the service department. The key benefit of a Prepaid Maintenance program is to establish a long-term connection with the customer.

Additional benefits for customers include:

* Keeping a routine with regularly scheduled maintenance
* Planning to get service to avoid serious issues with their vehicle
* Getting a discounted plan to save money

When combined with a rewards program, the customer earns points nearly every time they visit. AutoAwards helps dealerships develop custom dealership maintenance programs that F&I can sell and award customers with bonus points.

A rewards program will help your dealership to:
* Close deals
* Lock in vehicle maintenance and service with customers
* Drive new sales
* Generate F&I profits

AutoAwards Helps Dealerships Stand Out From the Competition

One of the leaders in loyalty marketing is AutoAwards. That is due not only to offering an amazing customer-branded auto rewards loyalty program, but also its focus on integrating all departments in the process, including F&I. AutoAwards' created an auto dealership rewards program with territory exclusivity and a "Keep It Local" program that also helps the dealership stand out from its competitors.

"'Why would a customer buy from me vs. my competition?' If the auto dealership doesn't have an answer, it is time to think about starting a dealership branded rewards program that will close deals, lock in your customers to service, drive conquest sales and generate substantial F&I profits," said Jon Greene, Vice President of Operations at AutoAwards.

With AutoAwards' auto dealership loyalty rewards and Prepaid Maintenance program, a culture of greater cooperation between departments drives sales for your dealership. Contact AutoAwards at (302) 696-6000 or fill out our form to talk with one of our auto dealership loyalty marketing consultants.

About AutoAwards:

Since our founding in 1991, AutoAwards has been widely recognized as the industry-leader in automotive and marine loyalty marketing, earning longstanding relationships with many of the industry's most successful dealer groups and OEMs.
Since marketing for automotive dealerships has changed in the past 25 years, AutoAwards understands the #1 predictive factor for dealer growth and profitability. Customer loyalty is the most successful way to build revenue. Hundreds of automotive groups use and recommend loyalty programs for dealers as the way to drive brand loyalty. AutoAwards has always recognized the need for top notch, highly creative, effective loyalty strategies in large and small businesses alike.
For this reason, our automotive loyalty marketing expertise is engineered to meet the individual needs and goals of any business - regardless of its size. Contact us online to talk about dealer loyalty or call 302-696-6000. Visit: http://www.autoawards.com/.

*(LOGO 72dpi: http://www.autoawards.com/wp-content/themes/auto-awards/images/logo/logo-inner.png)

Video: https://youtu.be/FB0s655E740

AutoAwards, a leader in loyalty marketing for auto dealerships, realizes sales are extremely competitive and difficult at times. Starting a rewards program can help auto dealerships overcome weak sales. AutoAwards has proven solutions to help dealerships increase sales performance across all departments.

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

EPIC Insurance Brokers and Consultants Announces Launch of New Healthcare Practice – Edgewood Healthcare Advisors

SAN FRANCISCO, Calif. /ScoopCloud/ -- EPIC Insurance Brokers & Consultants (Edgewood Partners Insurance Center or EPIC), a retail property and casualty insurance brokerage and employee benefits consultant, announced today the expansion and reorganization of its healthcare practice.

The new healthcare practice will be rebranded and serve client as Edgewood Healthcare Advisors. The practice combines the resources and specialists gained through EPIC's acquisition of the U.S operations of Integro Insurance Brokers, which included its healthcare, reinsurance and analytics practices, as well as EPIC's existing healthcare resources.

Edgewood Healthcare Advisors is led by Managing Principal Susan Tewhill and focuses on insurance and risk service needs of operations spanning the entire healthcare spectrum.

"I'm very excited to lead the Edgewood Healthcare Advisors team," Tewhill said. "We have an experienced and growing group of professionals with a passion for developing solutions for clients in the healthcare industry. The industry is diverse and we will serve it by setting our considerable experience, skill and insight to crafting solutions for hospitals, health systems, physician groups, senior living, managed care organizations and medical device companies."

Marc Kunney, President, Risk Management for EPIC Insurance Brokers & Consultants, sees an opportunity for the new practice to help clients more effectively together than its separate parts had previously. "Combining resources and streamlining operations around our clients enables us to move faster while continuing to deliver innovative solutions and superior service to them," Kunney noted.

Pete Garvey, CEO of EPIC Insurance Brokers & Consultants, along with Tewhill, Kunney and other members of the healthcare practice, will be attending the upcoming ASHRM annual conference in Baltimore, Maryland October 13 - 16, 2019. They are looking forward to connecting with risk professionals there about Edgewood Healthcare Advisors and the solutions it provides.

Learn more about Edgewood Healthcare Advisors at:

https://epicbrokers.com/industries/healthcare/

About EPIC Insurance Brokers & Consultants:

EPIC is a unique and innovative retail property and casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence.

EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC now has more than 2,000 team members operating from more than 70 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs and Private Client solutions to EPIC clients.

With run rate revenues greater than $600 million, EPIC ranks among the top 15 retail insurance brokers in the U.S. Backed and sponsored by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country.

For additional information, please visit https://www.epicbrokers.com/.

*LOGO link for media: https://www.Send2Press.com/300dpi/19-1010s2p-edgewood-healthcare-300dpi.jpg

EPIC Insurance Brokers & Consultants (Edgewood Partners Insurance Center or EPIC), a retail property and casualty insurance brokerage and employee benefits consultant, announced today the expansion and reorganization of its healthcare practice.

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

MCT’s COO Phil Rasori Honored with HousingWire Tech Trendsetters Award

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that its COO, Phil Rasori, has been designated to HousingWire's inaugural Tech Trendsetters award list. Phil is credited with being instrumental in the architecture and launch of multiple innovative capital markets solutions.

The new HW program recognizes technology leaders driving innovation in the housing economy. The 50 chosen winners represent executive, product, and technology leaders who have played an integral role in bringing innovative solutions to market for housing industry clients at large, in particular over the past year.

HW acknowledged Phil's efforts in 2019 for launching one of the most important secondary marketing technology innovations in recent years. Phil spearheaded the development of TAM (Trade Auction Manager(TM)), a browser-based software module that enables a far more efficient bidding and trading process for TBA mortgage-backed securities (MBS) used by lenders to hedge their pipeline of open mortgage applications. TAM is increasing execution, liquidity, and transparency for lenders, while connecting them digitally with many of their broker-dealers for the first time.

"It is a great honor to be selected by HW as a recipient of their inaugural Tech Trendsetters award," stated Rasori. "MCT has launched many software solutions and supporting services to drive success for our lender clients. Winning this award underscores our latest innovations and reinforces our ongoing commitment to mortgage technology."

Also worth noting is Phil's creation and launch of BAM (Bid Auction Manager(TM)), a digital whole loan trading marketplace within MCT's cloud-based core secondary marketing platform, MCTlive! Since gaining widespread adoption by the investor community in 2018 (100% adoption - all investors now leverage BAM), the solution has saved lenders inordinate amounts of time, secured the entire process (which was previously handled via email communications), improved margins, and streamlined bid tape management and best execution loan sale analysis.

Most recently, Phil played a key role in developing a mobile app for MCTlive! that empowers secondary marketing managers to review reporting, manage loan pipelines, and conduct whole loan trading from the convenience of their mobile phone.

"Each year we honor the top technology companies in the housing industry, but this year we decided to do even more," HousingWire Associate Editor Kelsey Ramírez said. "This year, for the first time ever, we are looking at the people behind the technology. These experts are propelling the housing industry forward and reimagining the mortgage process."

"HousingWire has always recognized innovation and technological advancements in the housing industry, but none of those advancements happen without people leading the way," HousingWire Managing Editor Ben Lane said. "Technology doesn't simply create itself. People are the driving force behind those innovations. And it's in that spirit that we proudly honor the visionaries helping to push the housing industry into the future."

The full list of HW Tech Trendsetters can be found online and will also be profiled in the Oct./Nov. issue of HousingWire magazine. https://www.housingwire.com/articles/introducing-housingwires-2019-tech-trendsetters/.

About MCT:
Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully-integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes.

Headquartered in San Diego, MCT also has California offices in Healdsburg and Los Angeles, as well as sites in Dallas and Philadelphia. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style, hands-on engagement clients value. For more information, visit https://mct-trading.com/ or call (619) 543-5111.

About HousingWire:

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 40,000 newsletter subscribers daily and over 4 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit www.HousingWire.com.

Twitter:
@mcttrading

Hashtags:
#PhilRasori #SecondaryMarketingSoftware #TradeAuctionManager #BidAuctionManager #TechTrendsetters

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 software firm, announced that its COO, Phil Rasori, has been designated to HousingWire's inaugural Tech Trendsetters award list. Phil is credited with being instrumental in the architecture and launch of multiple innovative capital markets solutions.

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

SimpleNexus Recognized as Fastest Growing Utah Company by Utah Business Fast 50 and Utah Valley UV50 Lists

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced it has been ranked among the fastest-growing companies in the state by both Utah Business and Utah Valley BusinessQ magazines. SimpleNexus was named a top Emerging Company on Utah Business Magazine's Fast 50 list and was honored by Utah BusinessQ as a UV50 winner.

Both the Utah Fast 50 and UV50 programs recognize Utah-based organizations that have achieved meteoric revenue growth. Founded in 2014 by CEO Matt Hansen, SimpleNexus has quickly established itself as a mortgage technology frontrunner. In August, the firm announced its top 500 ranking in the Inc. 5000 list of America's fastest-growing private companies for the second year in a row.

"Mortgage lenders are enthusiastically adopting SimpleNexus' digital mortgage platform because we have built the framework for a flexible lending experience that conforms to the needs of loan originators, realtors and borrowers, versus the other way around," said Hansen. "We look forward to continuing to improve mortgage lending for all stakeholders in the process."

To date, SimpleNexus has connected its 21,000 active loan originators with 1.3 million borrowers and 89,000 realtor partners to produce more than seven million loans totaling over $200 billion in volume. Last year the company added 60 clients to its roster, bringing the total number of enterprise lenders SimpleNexus empowers to "do more" to 259, including 15 of the top 25 retail lenders in the United States.

The full list of both the Utah Fast 50 honorees and UV50 honorees can be viewed at https://www.utahbusiness.com/fast-50-honorees-2/ and https://utahvalley360.com/2019/09/25/2019-uv50-30-fastest-growing-companies/

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go.

Twitter: @SimpleNexus #digitalmortgage @UtahBusiness #UtahFast50

SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced it has been ranked among the fastest-growing companies in the state by both Utah Business and Utah Valley BusinessQ magazines. SimpleNexus was named a top Emerging Company on Utah Business Magazine's Fast 50 list and was honored by Utah BusinessQ as a UV50 winner.

Related link: https://simplenexus.com/

MQMR: FNMA Updates to Selling Guide Compels Lenders to Conduct Independent Audit Reviews of QC Process Before Year’s End

LOS ANGELES, Calif. /ScoopCloud/ -- Mortgage Quality Management and Research, LLC (MQMR) President Michael Steer reminded lenders to conduct an independent audit review of their quality control (QC) process immediately in deference to updates to "Subpart D1, Lender QC Process" of the Fannie Mae Selling Guide.

Among other changes, Fannie Mae made explicit its requirements for independently auditing QC processes, which must be included in seller/servicers' QC plan and implemented by January 1, 2020:

* The lender must have an independent audit process to ensure that its QC process and procedures are followed by the QC staff, and that assessments and conclusions are recorded and consistently applied. The findings must be accurately recorded and consistent with the defects noted in the lender's system of record.

* Results of the QC audit must be distributed to senior management. It must include an affirmative statement that no influence from other business units or bias in the QC conclusions was apparent. Management must distribute the results to the appropriate areas within the organization and an action plan must be established for remediation or changes to policies or processes, if appropriate. The lender must provide a copy of the QC audits and the audit of the QC process to Fannie Mae upon request.

"Regulators have been and are increasingly requiring lenders to build a firewall between the review/audit function and the processes and departments under said review and provide evidence that such a firewall exists. With both monetary and labor resources at a premium, this can be a tall order for a lender to achieve internally," said Steer. "Outsourcing this function to an experienced third party helps ease the financial and personnel burdens of meeting these kinds of changes, especially when given a narrow window for compliance like Fannie Mae has done here."

"Unofficially, we're also hearing that lenders that have not performed an audit of their QC function within the last two years will be cited for this oversight in their next MORA exam so lenders would be well advised to complete this audit as soon as possible," Steer said. "With January 1, 2020 right around the corner, lenders are focusing their efforts today on volume, end-of-year MERS audits, financial audits and 2020 strategic planning. Thus, it makes sense for Fannie Mae seller/servicers to partner with MQMR, the industry leader for internal audit, to perform an audit of the lenders' QC functions to meet these new requirements."

For more information on Fannie Mae's requirements for independent QC process audits, read MQMR's free compliance newsletter, "FAQ: FNMA Update - It's All About the Independence!"

About Mortgage Quality Management and Research, LLC:

MQMR helps its clients climb higher by bridging the gap between risk and compliance through its suite of risk-related services. MQMR provides mortgage compliance consulting throughout the origination process, conducting internal audit risk assessments and ongoing internal audit support, servicing QC and subservicing oversight to master servicers, and filling the void of meeting vendor management oversight requirements. With 2,000+ operational reviews of mortgage companies, subservicers, document custodians, and vendors annually, MQMR prides itself on being the mortgage industry partner of choice for audit, risk and compliance. To learn more, visit mqmresearch.com, subsequentqc.com, and hqvendormanagement.com.

Mortgage Quality Management and Research, LLC (MQMR) President Michael Steer reminded lenders to conduct an independent audit review of their quality control (QC) process immediately in deference to updates to "Subpart D1, Lender QC Process" of the Fannie Mae Selling Guide.

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

NotaryCam’s Rick Triola Named a 2019 HousingWire Tech Trendsetter

NEWPORT BEACH, Calif. /ScoopCloud/ -- NotaryCam(R), the leader in online notarization and original provider of mortgage eClosing solutions, today announced that its Founder and CEO Rick Triola has been named a 2019 Tech Trendsetter by HousingWire magazine as part of its inaugural HW Tech Trendsetter Awards(TM) program. In the magazine's profile on Triola, the HousingWire editorial staff noted that as the founder of NotaryCam, Triola brought remote online notarization (ROB) and remote online closing (ROC) technology to the industry and has been a driving force in RON/ROC adoption.

The HW Tech Trendsetter Award(TM) recognizes the technology leaders driving innovation in the housing economy. The winners represent executive, product and technology leaders who have played an integral role in bringing innovative solutions to market for housing industry clients at large. Triola's Trendsetter status comes not only from being the first to introduce RON and ROC technology to the housing industry, but also from leading the charge for adoption. As any good technologist knows, without adoption, the most innovative solution is all for naught. Thus, Triola has made it his mission to drive RON/ROC adoption by becoming a grassroots advocate for RON standards and legislation throughout the country.

"HousingWire has always recognized innovation and technological advancements in the housing industry, but none of those advancements happen without people leading the way," HousingWire Managing Editor Ben Lane said. "Technology doesn't simply create itself. People are the driving force behind those innovations. And it's in that spirit that we proudly honor the visionaries helping to push the housing industry into the future."

Triola has devoted the last six years to advancing nationwide RON legalization. Recently, he undertook a grassroots campaign in Texas to educate county recorders about RON. Even though Texas passed its RON bill last year, many recorders - especially those not eRecording - were hesitant to record paper copies of eNotarized real estate documents. Thanks to Triola's efforts and six years of solid county recorder proof points across the U.S., Texas passed Senate Bill 2128 in May, providing recorders with more certainty regarding the recordability of eNotarized documents, with increased support from the state's recording community.

NotaryCam introduced RON to the Industry in early 2013 and pushed hard to set the standards, which have now been widely adopted. First, Triola presented NotaryCam's platform to Fannie Mae and Freddie Mac in January 2013 to garner GSE buy-in. From there, Triola addressed the National Association of Secretaries of State in June 2013 to introduce RON and neutralize opposition from the 49 states that had yet to legalize RON at that time. From there, Triola continued reaching out to all stakeholders, including individual title offices throughout the nation, and as a result, NotaryCam completed the first RON mortgage closing in early 2014 with a top 5 mortgage lender.

"As with so many mortgage-related innovations, widespread adoption is often hamstrung by lack of explicit regulatory approval, but the tide is turning for RON in this regard, especially over the last six years, as 22 states have now enacted or will enact RON legislation by October 1, 2020," Triola said. "Knowing the importance of the extensive eco-system buy-in for RON's success, NotaryCam has doubled down on its commitment to evangelizing RON at all state and private company levels to drive adoption, and I am truly honored that HousingWire has singled out my efforts in this regard by selecting me as one of its inaugural Tech Trendsetter winners."

For the full list of this year's honorees, visit https://www.housingwire.com/articles/introducing-housingwires-2019-tech-trendsetters/.

About HW Media
HW Media is the leading digital community for real estate, financial services and fintech professionals to engage, connect and gain knowledge. Founded in 2016 through the acquisition of HousingWire, HW Media is based in Dallas, TX with team members across the country. HW Media is owned by Riomar Capital.

About HousingWire
HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 40,000 newsletter subscribers daily and over 4 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit https://www.housingwire.com or https://www.solutions.housingwire.com to learn more.

About NotaryCam
After pioneering the world's first multi-party/multi-state remote online notarization (RON), career real estate executive Rick Triola founded NotaryCam and completed the first mortgage remote online closing (ROC) in 2014. Today, NotaryCam is the leader in online notarization and mortgage eClosing solutions, having notarized documents worldwide for hundreds of thousands of customers in all 50 states and more than 146 countries. The company's patented eClose360(R) platform delivers the "perfect" online mortgage closing in every jurisdiction with a flexible workflow for document recording and unparalleled identity verification, security and customer convenience. NotaryCam also proudly maintains an industry-leading 99.8 percent customer satisfaction rating.

Visit https://www.notarycam.com for additional information or to get a document notarized today.

Twitter: @NotaryCam #ROC #RON #digitalmortgage #emortgage #eclosing #enotary

NotaryCam(R), the leader in online notarization and original provider of mortgage eClosing solutions, today announced that its Founder and CEO Rick Triola has been named a 2019 Tech Trendsetter by HousingWire magazine as part of its inaugural HW Tech Trendsetter Awards(TM) program.

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

EPIC Adds Dave Tate in Dallas, Texas

DALLAS, Texas /ScoopCloud/ -- EPIC Insurance Brokers and Consultants announced today that Dave Tate has joined the firm's Property and Casualty operations, as a Principal, reporting to EPIC Managing Principal and Director of the Southwest Region, KJ Wagner.

Tate, based in Dallas, will be responsible for new business development and the design, placement and management of property/casualty insurance programs, providing risk management strategies and solutions for mid-market and large clients.

Tate joins EPIC from Marsh, where he specialized in the placement of insurance for businesses with difficult exposures, or difficult historical loss experience, particularly product liability issues and risk challenges in the Manufacturing, Construction and Energy industry.

"We are thrilled to continue the growth of our Property & Casualty team in the Southwest region with Dave's addition," said KJ Wagner. "He brings a strong risk management background that adds tremendous value to our clients. He is a talented professional who will be a terrific addition to EPIC."

Dave Tate can be reached at david.tate@epicbrokers.com or 214.502.9799.

About EPIC Insurance Brokers & Consultants

EPIC is a unique and innovative retail property and casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence.

EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC now has more than 2,000 team members operating from more than 70 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs and Private Client solutions to EPIC clients.

With run rate revenues greater than $600 million, EPIC ranks among the top 15 retail insurance brokers in the U.S. Backed and sponsored by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country.

For additional information, please visit https://www.epicbrokers.com/.

*PHOTO link for media: https://www.Send2Press.com/300dpi/19-1008s2p-dave-tate-300dpi.jpg
*Photo caption: Dave Tate has joined EPIC's Property and Casualty operations.

EPIC Insurance Brokers and Consultants announced today that Dave Tate has joined the firm's Property and Casualty operations, as a Principal, reporting to EPIC Managing Principal and Director of the Southwest Region, KJ Wagner.

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

After, Inc. Publishes Latest Research on California Consumer Protection Act (CCPA) – Effective Jan. 1, 2020 – and Its Implications for Manufacturers

NORWALK, Conn. /ScoopCloud/ -- After, Inc., a pioneer in the Warranty Services industry, has delivered innovative warranty marketing, analytics and program management services to top-tier manufacturers since 2005. As an industry leader, After, Inc. stays on top of regulations that may affect its manufacturing clients. The California Consumer Protection Act (CCPA) is one of these.

The CCPA, passed on June 28, 2019, provides California residents with the rights to: know what personal information is being collected about them; to access that information; to know if their personal information is disclosed and to whom; to know if their personal information is sold and to opt out of the sale; and to receive equal service and price whether or not they exercise their privacy rights.

A company is subject to the law if it is a for-profit business that collects personal data, does business in California, and satisfies one of the following: a) has gross revenues over $25 million, b) has information on over 50,000 customers, households or devices, or c) earns more than 50% of its revenue from selling personal information.

While this law pertains only to California residents, other states are considering similar versions, meaning that businesses must take the steps necessary to ensure that their data systems and processes are updated for compliance.

To help manufacturers prepare for CCPA, After, Inc. put together a checklist of eight key workstreams (see image). Each of these workstreams requires cross-functional communication and coordination across operations, marketing, finance, legal and customer service.

This is not an easy task, so After, Inc. suggests that manufacturers start preparing today. On the bright side, if companies have already satisfied the GDPR requirements for their European customers, they have a significant head start.

After, Inc.'s research also covers the requirements for third party service providers that have access to California resident data on their clients' behalves, for "advertising or marketing, analytics and similar services."

Note: Manufacturers should seek legal counsel to determine specifically how CCPA applies to their company.

To download After, Inc.'s infographic "8 Things Every Manufacturer Must Do to Prepare for CCPA," click here (PDF) - http://afterinc.com/wp-content/uploads/2019/10/CCPA-Infographic-8-Things-for-Manufacturer-Compliance-Sept-20191.pdf

You can also find the full CCPA article on the After, Inc. blog at http://afterinc.com/3216-2/.

About After, Inc.

After, Inc. ( http://afterinc.com ) is a global leader in the Warranty Services industry. Its predictive analytics, data-driven marketing strategies, reporting and program administration are second to none. After, Inc. has partnered with some of the world's top brands to help transform their warranty businesses, driving customer satisfaction post-purchase, higher product reliability, deeper brand equity and additional revenue / profit opportunities.

Headquartered in Norwalk, Conn. and with offices in New York City, After, Inc. is part of EPIC Insurance Brokers, a unique and innovative retail property and casualty and employee benefits insurance brokerage and consulting firm with more than 2,000 employees in 70 locations across the United States.

*IMAGE link for media: https://www.Send2Press.com/300dpi/19-1008s2p-afterinc-8things-300dpi.jpg
*Caption: Infographic "8 Things Every Manufacturer Must Do to Prepare for CCPA."

After, Inc., a pioneer in the Warranty Services industry, has delivered innovative warranty marketing, analytics and program management services to top-tier manufacturers since 2005. As an industry leader, After, Inc. stays on top of regulations that may affect its manufacturing clients. The California Consumer Protection Act (CCPA) is one of these.

Related link: http://afterinc.com/

KBKG Tax Specialty Firm Hires Alex Martin to Lead New Transfer Pricing Practice for Cross-border Businesses

PASADENA, Calif. /ScoopCloud/ -- Nationwide tax specialty firm KBKG announced the hiring of Alex Martin as Principal and leader of the firm's new Transfer Pricing practice. Alex comes with over 22 years of full-time, international transfer pricing experience working in Washington, D.C.; Melbourne, Australia; and Detroit, Michigan where he resides currently.

Transfer pricing is the cross-border pricing of goods, royalties, services, and loans that drives how much income tax a multinational company pays by country. With Alex at the helm, KBKG will assist U.S. and international companies in establishing, documenting, and defending transfer pricing practices for the IRS and international tax authorities.

Alex has been a transfer pricing economist for his entire career, working for a Big-4 firm, middle-market firm, and through his independent transfer pricing consultancy. As a director at a Big-4 firm, he received the Chairman's Award and Coach of the Year recognition for building a Detroit-based transfer pricing practice.

Prior to joining KBKG, his team was named one of the world's leading transfer pricing consultancies by International Tax Review for three years in a row. Alex was also featured in Accounting Today for instituting an innovative approach to partnering with professional service firms, including training and development of transfer pricing programs.

When asked what the addition of Alex means for KBKG and the future of the firm, Greg Kniss, Managing Principal remarked, "Alex's US and global transfer pricing expertise broadens the scope of our tax specialty services provided to both US and international clients. While transfer pricing can be a highly contentious tax issue for multinationals, Alex has the experience to deliver practical savings strategies for companies competing internationally. Through his unique expertise in this space, Alex will be an invaluable asset to the businesses and CPA firms we support."

About KBKG:

Established in 1999 with offices across the US, KBKG provides turn-key tax solutions including research and development tax credits, cost segregation, transfer pricing, green building tax incentives, and more to CPAs and businesses nationwide.

Contact us for more information at https://www.kbkg.com/contact-us.

Nationwide tax specialty firm KBKG announced the hiring of Alex Martin as Principal and leader of the firm's new Transfer Pricing practice. Alex comes with over 22 years of full-time, international transfer pricing experience working in Washington, D.C.; Melbourne, Australia; and Detroit, Michigan where he resides currently.

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

IDS Signs Preferred Partner Agreement with Mortgage Builder

SALT LAKE CITY, Utah /ScoopCloud/ -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today it has signed a preferred partnership agreement with Mortgage Builder, a provider of award-winning mortgage loan origination and servicing software systems. As part of the agreement, IDS and Mortgage Builder have begun to develop a fresh integration between idsDoc and Mortgage Builder's LOS platform to ensure superior system-to-system connectivity and seamless data transfer using the MISMO Version 3.4 data standard.

"The integration between idsDoc and our clients' LOS platforms has always been of the utmost priority to IDS, and the renewed agreement with a premier LOS provider like Mortgage Builder reinforces this commitment," said IDS Vice President and General Manager Mark Mackey. "We welcome the opportunity to expand our relationship with Mortgage Builder and enhance the experience our mutual clients receive when using our respective systems in concert."

End-to-end lending solutions from Mortgage Builder manage the complete lending cycle - from loan origination through servicing - for mortgage lenders and banks. Mortgage Builder supports a diverse array of loan products through its comprehensive loan origination system and single-platform loan servicing technology with integrated default capabilities. Mortgage Builder solutions are available as hosted services and offer a wide array of outsourced services to ensure an optimal lending experience.

IDS's flagship document preparation platform idsDoc gives lenders the control to create initial disclosures and closing documents to fit their individual preferences and needs and includes numerous customizations, compliance audits and tools-including eSign capabilities and functionality to enable both hybrid and complete eClosings - to make the doc prep process more efficient.

With the enhanced interface in place, lenders will be able to achieve even greater efficiency while protecting the integrity of the origination process by generating all general loan documents using direct-source data from the Mortgage Builder platform. In addition, Mortgage Builder users will also be able to complete all relevant state- and investor-specific information using corresponding fields within idsDoc. The more than 1500 rules, warnings and edit checks available through this integration will also ensure all documents are as compliant as possible, while the embedded eSign functionality from IDS will enable efficient initial disclosure and closing processes.

"IDS's reputation for delivering compliant, highly customizable mortgage documents is second to none, which is why we are thrilled to have IDS as part of the Mortgage Builder ecosystem," Mortgage Builder General Manager Stephen Ryczek said. "As the document preparation vendor of choice for Mortgage Builder, we look forward to working with the IDS team to create a seamless, unified user experience for our mutual clients to increase the efficiency of the closing process."

About Mortgage Builder

Founded in 1999, Mortgage Builder(R) is headquartered in Southfield, Michigan and provides industry-leading loan origination software (LOS) to mortgage banks, community banks, credit unions, and other financial institutions for more than 15 years. Mortgage Builder has consistently been recognized as one of the industry's Top 50 Service Providers by Mortgage Technology Magazine and twice was named the winner of the magazine's Help Desk Award for outstanding customer service. Mortgage Professional America named Mortgage Builder employees to their "Elite Women in Mortgage" list in 2014 and 2015. Mortgage Builder is part of the Constellation Real Estate Group, which operates a diverse portfolio of leading technology brands in the real estate and mortgage industries. For more information, visit http://www.mortgagebuilder.com.

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 eSignatures, 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. (https://info.idsdoc.com/)

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Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today it has signed a preferred partnership agreement with Mortgage Builder, a provider of award-winning mortgage loan origination and servicing software systems.

Related link: https://info.idsdoc.com/

EPIC’s National Marine Operations Bolstered with Addition of Ivon Friedman in San Francisco

SAN FRANCISCO, Calif. /ScoopCloud/ -- EPIC Insurance Brokers and Consultants (EPIC) announced today that Ivon Friedman has joined the firm's Marine Practice in San Francisco. Friedman will report to EPIC's Risk Management - National Property and Marine Practice Leader, Michael Korn.

Friedman will handle new business development as well as the design, placement and management of marine insurance programs. In particular, he will focus his considerable experience on large, complex ocean cargo programs, including stock throughputs.

Friedman comes to EPIC from the Ocean Marine division of The Travelers Companies, Inc., where he worked for the past seven years as a Managing Director and Account Executive Director for the Northern California and Southwest regions.

"Ivon is skilled in leading underwriting teams to execute risk management strategies for clients with complex and considerable risks," said Korn. "We are thrilled to have him join our team and begin leading the underwriting, production and management of portfolios of business that will include Cargo, Marine Liabilities, Hull & Machinery and Recreational Marine lines, among others."

Ivan Friedman can be reached at ivon.friedman@epicbrokers.com or 415-365-4207.

About EPIC Insurance Brokers & Consultants:

EPIC is a unique and innovative retail property and casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence.

EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC now has more than 2,000 team members operating from more than 70 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs and Private Client solutions to EPIC clients.

With run rate revenues greater than $600 million, EPIC ranks among the top 15 retail insurance brokers in the U.S. Backed and sponsored by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country.

For additional information, please visit https://www.epicbrokers.com/.

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EPIC Insurance Brokers and Consultants (EPIC) announced today that Ivon Friedman has joined the firm's Marine Practice in San Francisco. Friedman will report to EPIC's Risk Management - National Property and Marine Practice Leader, Michael Korn.

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

Polyient Labs Co-sponsoring Blockchain for Good Conference in San Francisco, Oct. 25-27

SAN FRANCISCO, Calif. /ScoopCloud/ -- Phoenix-based Polyient Labs, an early-stage, blockchain-startup incubator, is co-sponsoring Blockchain for Good, October 25 -27, 2019 in San Francisco. The three-day event gives community-minded founders and organizers an overview of blockchain technology as well as insights into how the technology can be harnessed to help nonprofits hit their social-impact goals.

The agenda includes keynote speakers and workshops where participants can pitch ideas, build teams and get real-world feedback from industry experts on their proposed solutions.

Best of all, the top-three top pitches will be awarded prizes - including exclusive coaching sessions with Polyient mentors.

For Polyient CEO, Brad Robertson, connecting purpose-driven initiatives to blockchain technology is a natural fit. He knows firsthand that launching and managing a successful nonprofit is a never-ending challenge.

"Blockchain is being deployed across a spectrum of industries, but the nonprofit sector is one area where the technology can really add value," says Robertson. "Most nonprofits operate on shoestring budgets and are fueled by blood, sweat and tears. Every day, they fight to get discovered, improve internal efficiencies, provide transparency and earn recognition. Blockchain can help deliver on all four fronts."

But, Robertson adds, non-technical NPO executives will also benefit from participating in Blockchain for Good. Sign up for the event here - http://communities.techstars.com/usa/san-francisco/startup-weekend/15241

Learn how Polyient Labs supports blockchain innovation here - https://www.polyient.io

About Polyient Labs:

Polyient Labs is an early-stage business incubator helping entrepreneurs fast-track blockchain innovation by providing capital infusion, insight, guidance, direction and talent to power blockchain-based solutions. Read more about Polyient at: https://www.polyient.io

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Media Only Contact:
Jeff Hinkle
844.759.4368
press@polient.io

Phoenix-based Polyient Labs, an early-stage, blockchain-startup incubator, is co-sponsoring Blockchain for Good, October 25 -27, 2019 in San Francisco. The agenda includes keynote speakers and workshops where participants can pitch ideas.

Related link: https://www.polyient.io