Category: Finance

NEXT™ Mortgage Events Selects Advisory Board

EDMOND, Okla. /ScoopCloud/ — NEXT Mortgage Events LLC, a creator of events for women mortgage executives, has announced the selection of the NEXT Advisory Board, a group of eight top mortgage industry executives. NEXT Advisory Board members were selected to advise event organizers on content, assuring that all sessions continue to address the needs of women executives at mortgage lending institutions and GSEs.

DocMagic and NotaryCam Integrate to Eliminate Reliance on In-Person Notarizations for Paperless eClosings

NEWPORT BEACH, Calif. /ScoopCloud/ — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, and NotaryCam(R), the leader in online notarization solutions, announced an integration that eliminates the need to wet-sign loan documents in the physical presence of a notary by allowing loan documents to be quickly and compliantly eNotarized online.

Newest Mortgage Company on the Sunset Strip, Vantage Home Loans, launches and targets the Luxury Los Angeles Home Market

WEST HOLLYWOOD, Calif. /ScoopCloud/ — In today’s hyper competitive mortgage market with increasing competition from internet companies, Roger Mansourian has formed a new partnership and mortgage company – Vantage Home Loans – that specifically targets and caters to the creative financing needs of investors, small business owners, and luxury homeowners seeking a strong mortgage offering in California and Washington.

Simplifile Adds 29 Southeastern U.S. Counties to E-recording Network

PROVO, Utah /ScoopCloud/ — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that 29 additional recording jurisdictions located in six states throughout the Southeastern U.S. have joined Simplifile’s e-recording network.

IDS Completes TRID 2.0 Updates to Mortgage Document Preparation Platform

SALT LAKE CITY, Utah /ScoopCloud/ — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has completed modifications to its flagship mortgage document preparation platform idsDoc related to TRID 2.0. Updates were also made to the LE/CD and Totals pages within idsDoc, as well as the 1003 and Construction Lending sections.

EPIC Insurance Brokers adds Matt Lumelleau in Houston

HOUSTON, Texas /ScoopCloud/ — EPIC Insurance Brokers and Consultants announced today that Matt Lumelleau has joined the firm’s Property and Casualty practice as a Principal, reporting to EPIC Managing Principal and Director Southwest Region, KJ Wagner.

FormFree unveils NextGen at Digital Mortgage conference in Las Vegas

LAS VEGAS, Nev. /ScoopCloud/ — FormFree(R) today announced the release of NextGen, a new platform that builds on the company’s award-winning AccountChek(R) service. Unveiled from the main stage of Digital Mortgage 2018 in Las Vegas, NextGen increases the precision and ease with which lenders determine their borrowers’ ability to pay loans.

EPIC Insurance’s Sean Conrad to Moderate Wellness Panel at IMPACT18

IRVINE, Calif. /ScoopCloud/ — EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Principal Sean Conrad will moderate a wellness panel at IMPACT18 on Wednesday, Sept. 19 at 8 p.m. at the Aria Resort & Casino in Las Vegas, Nev.

ARMCO Reduces Lender Data Validation Times by 50 Percent with DataSure

POMPANO BEACH, Fla. /ScoopCloud/ — ACES Risk Management (ARMCO), the leading provider of technology for loan quality and compliance testing, data validation and analytics, announced the launch of DataSure(TM), a quality control technology that increases data validation accuracy and efficiency, and reduces lenders’ data validation task times by 50 percent or more.

SafeChain to Integrate ALTA Registry into Its Real Estate Wire Fraud Prevention Platform SafeWire

COLUMBUS, Ohio /ScoopCloud/ — SafeChain, the industry leader in wire fraud prevention software for land title, announced today that it will integrate the national ALTA Registry into its real estate wire fraud prevention platform SafeWire. Through the integration, mortgage lenders will be able to search the Registry and verify the identity of title insurance agents and settlement companies, providing an enhanced level of efficiency and security to the real estate transaction.

MQMR: Mortgage Industry Margin Compression Calls for Fixed-Cost Approach to Compliance Support

LOS ANGELES, Calif. /ScoopCloud/ — Mortgage Quality Management and Research, LLC (MQMR) President Michael Steer today advised lenders to adopt a fixed-cost approach to compliance support in the face of margin compression and declining per-loan profits. By investing in a fixed-cost solution for compliance, lenders can better manage their monthly expenses while ensuring they remain compliant, thus avoiding potential financial penalties associated with non-compliance.

EPIC Acquires Alternative Asset Management Industry Specialist Vanbridge LLC

NEW YORK, N.Y. /ScoopCloud/ — Vanbridge, LLC, a specialty insurance intermediary, program management, and risk advisory services business, and EPIC Insurance Brokers & Consultants, a unique and innovative national retail insurance brokerage and employee benefits consulting firm, announced today that EPIC has acquired the assets, employees and operations of Vanbridge.

San Diego Business Journal Honors Mortgage Capital Trading’s Natalie Arshakian with 2018 ‘Next Top Business Leaders Under 40’ Award

SAN DIEGO, Calif. /ScoopCloud/ — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that the San Diego Business Journal (SDBJ) named its employee Natalie Arshakian to the 2018 ‘Next Top Business Leaders Under 40’ list. The award program recognizes dynamic, young business leaders and role models who have significantly contributed to San Diego’s business climate and the community.

Prevail Reinsurance System selected by Tower Insurance as the leading edge technology solution to automate reinsurance administration

STAMFORD, Conn. /ScoopCloud/ — Prevail Consulting, Inc., a leading insurance industry technology and professional services provider, today announced a contract with Tower Insurance to license the Prevail Reinsurance System (PRS) to support Tower’s reinsurance operations. Under this new contract, Prevail will install PRS and deliver implementation and professional services.

MorVest Capital Offering $1.8B in GNMA Mortgage Servicing Rights

SUGAR LAND, Texas /ScoopCloud/ — MorVest Capital, an industry leader in liquidity and balance sheet advisory services, is the exclusive agent for a $1.8 billion GNMA bulk mortgage servicing portfolio. The seller is an independent mortgage banker providing full reps and warrants. Portfolio characteristics include a 3.45 percent weighted average interest rate,

PitBullTax Institute Organizes Its Second User Conference – Tax Resolution Expert Program

FORT LAUDERDALE, Fla. /ScoopCloud/ — PitBullTax Institute, an educational branch of the well-established IRS Tax Resolution Software, organizes its Second PitBullTax User Conference: “Tax Resolution Expert Program.” It will take place on September 20-21-22, 2018 at the Hilton Fort Lauderdale Beach Resort. This conference is designed exclusively for existing and potential users of PitBullTax Software.

Bank of Southern California, N.A. Appoints Ann Torrico as Managing Director

SAN DIEGO, Calif. /ScoopCloud/ — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Ann Torrico as Managing Director in Los Angeles. She will be responsible for expanding Bank of Southern California’s market presence by actively seeking new business opportunities in the Greater Los Angeles region with a focus in West Los Angeles and South Bay.

Strategic Benefits Advisors Adds Lesley Posey to Its Benefits Consulting Team

ATLANTA, Ga. /ScoopCloud/ — Independent, full-service employee benefits consulting firm Strategic Benefits Advisors (SBA) today announced the appointment of Lesley Posey to the position of benefits consultant. In this role, Posey will provide pension and retiree medical plan sponsors with a full array of actuarial and strategic advisory services, including administration services for defined benefit plans.

RESPECT May Not Be Exactly What Aretha Franklin’s Legacy Will Get

WALNUT CREEK, Calif. /ScoopCloud/ — Weeks have passed since the death of the Queen of Soul herself, Aretha Franklin, and the world is still reeling – mainly from the loss of a such a beloved icon, but also from the fact that she seems to have died without a trust, says estate planning attorney Kirsten Howe of Absolute Trust Counsel. Without a will, and without any sort of estate plan in place, where will that $80 million go?

American Financial Network Deploys Cloudvirga Digital Mortgage Technology Nationwide

IRVINE, Calif. /ScoopCloud/ — Cloudvirga(TM), a leading provider of digital mortgage software, today announced the deployment of its Cloudvirga Enterprise POS to all 100 branch locations of American Financial Network (AFN), a privately held mortgage company that employs over 750 loan officers and serves tens of thousands of customers nationwide.

As Hurricane Florence Nears the US, Here’s What To Know About Travel Insurance Coverage

NEW YORK, N.Y. /ScoopCloud/ — As one of the first major storms of 2018 looms over the East Coast, many travelers may be caught off guard if their vacations are impacted, according to TravelInsurance.com. But for those who purchased travel insurance already, many of their trip costs could be covered for travel interruptions or cancellations if directly impacted by Hurricane Florence.