LBA Ware CEO Lori Brewer Named to 2018 MPA Hot 100 List for Technology Contributions to Mortgage Industry
MACON, Ga. /ScoopCloud/ — LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced today that its CEO Lori Brewer has been named to Mortgage Professional America (MPA) magazine’s “2018 Hot 100” list. Brewer was recognized for her entrepreneurship and innovation in pioneering the development of a first-of-its-kind software solution to automatically calculate loan officer (LO) compensation.
Global DMS Launches EVO-Commercial, a Next-Generation Valuation Management Software Platform for Commercial Lending
SAN DIEGO, Calif. /ScoopCloud/ — Global DMS, a leading provider of cloud-based valuation management software, announced that it launched EVO-Commercial (EVO-C) at the MBA’s CREF/Multifamily Housing Convention and Expo being held in San Diego February 11 – 14, 2018. The new platform is 100 percent configurable, fully customizable, quick and easy to implement, eliminates numerous steps in the workflow process, lowers system maintenance costs and empowers end-users as well as management teams, among many other efficiency gains.
Simplifile VPs Nancy Alley, Vicki DiPasquale Recognized in MPA’s 2018 Hot 100
PROVO, Utah /ScoopCloud/ — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that Simplifile Vice President of Strategic Planning Nancy Alley and Vice President of Sales Vicki DiPasquale were named to Mortgage Professional America magazine’s 2018 Hot 100. The honor, now in its sixth year, recognizes ‘100 movers and shakers who are heating things up in the mortgage world.’
The Cooksey Team Founder Michael Cooksey Recognized by Mortgage Professional America in 2018 Hot 100
ADDISON, Texas /ScoopCloud/ — The Cooksey Team, a top producing retail branch of Mid America Mortgage, Inc., announced today its founder Michael Cooksey has been honored by housing industry trade magazine Mortgage Professional America (MPA) on its 2018 Hot 100 list. He was recognized for his role as founder of The Cooksey Team, one of Mid America Mortgage’s most successful branches.
Mid America Mortgage CEO Jeff Bode Recognized by MPA in ‘2018 Hot 100’
ADDISON, Texas /ScoopCloud/ — Mid America Mortgage, Inc. today announced that owner and CEO Jeff Bode has been honored by Mortgage Professional America magazine in publication’s sixth annual 2018 Hot 100 list of mortgage industry professionals who have made a notable impact over the past year.
TRK Connection CTO Randy Abbey Named to MPA’s 2018 Hot 100
SALT LAKE CITY, Utah /ScoopCloud/ — TRK Connection, a leading provider of mortgage quality control and origination management solutions, announced today that Chief Technology Officer Randy Abbey has been named to Mortgage Professional America magazine’s 2018 Hot 100. He was recognized for contributing unique technology-based innovations in mortgage quality control (QC) and risk management.
Cloudvirga’s Kyle Kamrooz Named to MPA Hot 100 List of Top Mortgage Industry Innovators
IRVINE, Calif. /ScoopCloud/ — Cloudvirga, developer of intelligent mortgage point-of-sale (POS) platforms, today announced that its Co-founder and Chief Strategy Officer Kyle Kamrooz has been named to Mortgage Professional America (MPA) magazine’s annual Hot 100 list of the leaders and visionaries making the biggest impact on America’s mortgage industry. Kamrooz was recognized for spearheading Cloudvirga’s transformative contributions to reducing mortgage back-office costs through digital mortgage technology.
Mortgage Professional America Names Matic Co-Founder Ben Madick to Its Hot 100 List of Industry Visionaries
SHERMAN OAKS, Calif. /ScoopCloud/ — Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner’s insurance during the mortgage transaction, announced today that company co-founder and COO Benjamin Madick has been named one of Mortgage Professional America magazine’s “Hot 100.” Madick was recognized for his career-long contributions to the mortgage industry and for establishing the strategic partnerships that have fueled Matic’s rapid growth.
FormFree’s Brent Chandler Named Among Mortgage Professional America’s Hot 100
ATHENS, Ga. /ScoopCloud/ — FormFree today announced that company founder and CEO Brent Chandler has been recognized by Mortgage Professional America magazine in its annual Hot 100 list of mortgage professionals whose contributions are shaping America’s home finance future. Chandler was recognized as the creator of AccountChek – the mortgage industry’s first automated asset verification tool – and for advancing innovative approaches to income and employment verification using asset data and augmented intelligence (AI).
ReverseVision Vice President of Sales and Marketing Wendy Peel Included in MPA’s 2018 Hot 100
SAN DIEGO, Calif. /ScoopCloud/ — ReverseVision,, Inc., the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, announced today that Vice President of Sales and Marketing Wendy Peel has been named to Mortgage Professional America (MPA) magazine’s Hot 100 list. Peel was selected for her influential role in bringing HECM loans into the mortgage mainstream as part of a Generational Lending approach to serving borrower needs across the consumer lifecycle.
Will Victims of Irma Also Be Subject to Insurance Policy Renewal Surcharges?
BRADENTON, Fla. /ScoopCloud/ — Nearly 500,000 residential property owners across the State of Florida have already incurred substantial out-of-pocket expenses due Irma losses because of high hurricane claim deductibles, according to Consumer Insurance Trust LLC (Claim Forward). The standard hurricane deductible across most insurers is usually 2 percent of the dwelling value.
Movement Mortgage Implements CompenSafe to Automate LO Compensation
MACON, Ga. /ScoopCloud/ — LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced that South Carolina-based Movement Mortgage has implemented CompenSafe to automatically calculate commissions for its loan originators (LOs) located in 700 branches across 49 states.
Bank of Southern California, N.A. Announces Fourth Quarter and Year-end 2017 Results
SAN DIEGO, Calif. /ScoopCloud/ — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,134,397 for the fourth quarter of 2017, compared to $1,088,043 for the third quarter of 2017 and $902,476 for the fourth quarter of 2016. For the year, net earnings were $3,964,692 in 2017, a 32 percent increase compared to $3,009,251 for 2016. Results for the fourth quarter and year ended December 2017 include a $200,000 increase in income tax expense due to recent Tax Reform legislation.
EPIC Insurance’s Suzannah Gill Named a 2018 Rising Star in Advising by Employee Benefit Adviser
ATLANTA, Ga. /ScoopCloud/ — EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Benefits Strategy Consultant Suzannah Gill has been recognized as a 2018 Rising Star in Advising by Employee Benefit Adviser.
Lorrie Osterhage Joins Greyling – a Division of EPIC in St. Louis as a Vice President
ST. LOUIS, Mo. /ScoopCloud/ — EPIC Insurance Brokers and Consultants (EPIC) announced today that risk management and insurance professional Lorrie Osterhage has joined the firm’s Architects and Engineers Practice (Greyling – a Division of EPIC) in St. Louis, Mo. as a Vice President.
Profitability in 2017 and Optimism in 2018: Over 880 U.S. Independent Restaurant Owners Voice Their Thoughts on 2018
PHOENIX, Ariz. /ScoopCloud/ — RestaurantOwner.com has released the report of their 2018 Independent Restaurant Outlook Survey. The report summarizes input gathered from over 880 independent restaurant owners and operators regarding their 2017 financial performance as well as their 2018 expectations.
Subsequent QC, LLC Urges Lenders to Protect MSRs Ahead of Mortgage Servicing Activity in 2018
LOS ANGELES, Calif. /ScoopCloud/ — Subsequent QC, LLC President Michael Steer today advised lenders to take steps to protect their Mortgage Servicing Rights (MSR) assets ahead of an anticipated increase in total mortgage servicing volume. According to the Mortgage Bankers Association, outstanding mortgage debt is expected to reach $10.4 trillion by the end of 2018, compared to $10 trillion in 2017 and $9.7 trillion in 2016.
Critical Loan Defect Rates Increase for Third Consecutive Quarter
POMPANO BEACH, Fla. /ScoopCloud/ — ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), announced the release of the ARMCO Mortgage QC Trends Report for the second quarter of 2017. The ARMCO Mortgage QC Industry Trends Report is based on nationwide post-closing quality control loan data from over 90,000 loans selected for random full-file reviews.
Neurotech Reports Announces 2018 Investment and Management Conference for Bioelectronic Medicine
NEW YORK, N.Y. /ScoopCloud/ — Neurotech Reports, the publisher of Neurotech Business Report newsletter, today announced the launch of the Bioelectronic Medicine Forum, the first investment and management conference for the bioelectronic medicine industry. The inaugural event will take place on March 22, 2018 at the Millennium Broadway Times Square in New York, N.Y.
Paragon Insurance Holdings Announces Equity Investment from Edgewood Partners Insurance Center and Oak Hill Capital Partners
AVON, Conn. /ScoopCloud/ — Paragon Insurance Holdings, LLC, a national multi-line specialty MGA, announced today that Edgewood Partners Insurance Center (EPIC) and Oak Hill Capital Partners have taken an equity stake in the company. The investment from EPIC and Oak Hill will further propel Paragon’s organic and M&A growth strategies and create greater opportunity for Paragon’s agency, carrier and reinsurance trading partners.
LBA Ware’s CompenSafe Hits $1 Billion in Lifetime LO Compensation Calculations
MACON, Ga. /ScoopCloud/ — LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced their sales incentive platform CompenSafe calculated $1 billion in lifetime origination commissions and operational bonuses in 2017. LBA Ware also experienced notable year-over-year growth, marked by a 152 percent increase in total compensation processed and a 130 percent increase in the number of lenders using LOS Talker, the company’s systems integration solution.
The IRS Lien and Levy Holiday is over – If you owe back taxes, notices are coming again and soon
STUART, Fla. /ScoopCloud/ — After a temporary break during the hurricanes and the holidays, the Liens, Levies and Garnishments that were held back by the IRS are starting again and will be en route to your mailbox to those that owe back taxes, says Jeffrey Schneider EA, CTRS, NTPI Fellow, and principal at SFS Tax Problem Solutions.
Addition of 23 Jurisdictions in the Eastern U.S. Pushes Simplifile E-recording Network Past the 1,700th Mark
PROVO, Utah /ScoopCloud/ — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that 23 additional recording jurisdictions throughout the Northeast, Mid-Atlantic, and Southeast have adopted Simplifile’s e-recording platform.
DocMagic Reaches 300 Million Mortgage eSignings as More Borrowers Opt for eSigning and More Lenders Require Proof of TRID Compliance
TORRANCE, Calif. /ScoopCloud/ — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has processed more than 300 million mortgage-related electronic signatures.
Bank of Southern California N.A. announces new SBA and Commercial Real Estate Lending Group Led by Steve Pollett
SAN DIEGO, Calif. /ScoopCloud/ — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), announced that Steve Pollett has joined the company as SVP, SBA and Commercial Real Estate Lending Group Manager. With more than 30 years’ experience in SBA and Commercial Real Estate lending, Pollett will be responsible for leading a team to provide financing to small and medium-sized businesses throughout the Southern California region.
iEmergent Joins The Mortgage Collaborative’s Preferred Partner Network
SAN DIEGO, Calif. /ScoopCloud/ — The Mortgage Collaborative (TMC), the nation’s only independent mortgage cooperative, today announced the addition of forecasting and analytics firm iEmergent to its Preferred Partner network. iEmergent offers TMC members market-based forecasts that can drill down into communities, making the intelligence relevant to both high-level strategic issues and specific market challenges.
Paragon Insurance Holdings LLC Names Andrew Petersen as Regional President and EVP of Reinsurance Operations
AVON, Conn. /ScoopCloud/ — Paragon Insurance Holdings, LLC (“Paragon”), a national multi-line specialty MGA, today announced the addition of Andrew Petersen to the Paragon executive management team as Regional President and EVP of Reinsurance Operations. Petersen will report to Ron Ganiats, Paragon’s CEO.
EPIC Insurance Adds Philip Westphal in Sacramento, Calif.
SACRAMENTO, Calif. /ScoopCloud/ — EPIC Insurance Brokers and Consultants (‘EPIC’) announced today that risk management and insurance professional Philip Westphal has joined the firm’s commercial property/casualty team in Sacramento, Calif. as a Risk Advisor/Broker in EPIC’s Healthcare Practice. Westphal will report to Managing Principal and Healthcare Practice Co-leader, Tom McCready.
FormFree Celebrates Its Tenth Year of Operations with Broader Investor Acceptance, New Products and Features for Lenders
ATHENS, Ga. /ScoopCloud/ — The last 24 months have seen aggressive growth and milestone achievements for automated verification provider FormFree — and now the fintech company is setting its sights on achieving even greater market penetration in 2018 thanks to broader investor acceptance and new products and features designed to meet lenders’ unique needs.
Kathy Gonzales Named Senior Vice President, Director of Branch Banking for Bank of Southern California N.A.
SAN DIEGO, Calif. /ScoopCloud/ — Bank of Southern California, N.A. (OTC Pink:BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has appointed Kathy Gonzales as Senior Vice President, Director of Branch Banking. She will be responsible for supporting the Bank’s commitment to the customer experience by deepening customer relationships, and identifying opportunities to increase the bank’s market share.
MQMR Announces Internal Audit Services Compliant with Fannie Mae Seller/Servicer December 19 Update
LOS ANGELES, Calif. /ScoopCloud/ — Mortgage Quality Management and Research, LLC (MQMR), a leader in mortgage risk management and compliance services, today announced that its Internal Audit services offering meets or exceeds the requirements for Fannie Mae seller/servicers to be in compliance with the December 19, 2017 Fannie Mae Selling Guide Announcement SEL-2017-10 update.
Chartered Retirement Planning Counselor Shares How to Avoid Living in Your Kid’s Basement When You Retire
WASHINGTON, D.C. /ScoopCloud/ — In his compact new book, “The Mindset of Retirement Success: 7 Winning Strategies to Change Your Life” (ISBN: 978-0999641408), Chartered Retirement Planning Counselor Rodger Alan Friedman, delivers blunt advice to anyone who has been putting off retirement planning.
Mortgage Capital Trading COO Phil Rasori Scheduled to Speak at the Independent Mortgage Bankers Conference
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, will be speaking on a panel session at the MBA’s 2018 Independent Mortgage Bankers Conference on Wednesday, January 24, 2018 being held at the Ritz-Carlton in Fernandina Beach, Florida.
Record Year for Cloudvirga Closes with Customers of Its Digital Mortgage Platform Producing Over $100B in Loan Volume
IRVINE, Calif. /ScoopCloud/ — Cloudvirga CEO Michael Schreck is on a mission to help mortgage lenders reinvent the mortgage factory. A developer of intelligent mortgage point-of-sale platforms, Cloudvirga gives consumers and loan officers a digital mortgage experience and helps lenders grow market share by automating the mortgage back office, saving them up to $1,500 a loan.
Smaller Originators Will Follow Top Lenders’ Lead in Making Homeowner’s Insurance Part of the Digital Mortgage, Says Matic CEO
SHERMAN OAKS, Calif. /ScoopCloud/ — Integrating homeowner’s insurance into the mortgage origination process is a relatively new idea – and one Matic CEO Aaron Schiff anticipates will gain traction in 2018. His firm expects small and mid-sized mortgage operations will follow the lead of several marquee lenders that added homeowner’s insurance to their origination workflows last year. Wider availability of cutting-edge digital capabilities like online bind will also make integrated homeowner’s insurance more attractive for lenders, Schiff says.