Tag Archives: Banking and Finance

DocMagic Announces ‘eQC’ Automated Due Diligence Solution for Investors and Correspondent Lenders

loan document preparation

TORRANCE, Calif., May 12, 2016 (SEND2PRESS NEWSWIRE) -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced the formal launch of its fully integrated "eQC" solution that automates due diligence for investors and correspondent lenders. eQC provides a complete closed loan MISMO 3.3/UCD XML data file, an automated compliance report, and a detailed audit trail with a document integrity certification that certifies that the XML data provided and documents match prior to investor delivery.

The automated compliance component of eQC includes a complete electronic record of compliance that arms investors and correspondent lenders with a detailed audit trail that eliminates concerns over future TRID audits and violations.

Moody's Investor Services, Inc. compiled a report that revealed more than 90 percent of loans reviewed by third party due diligence firms were not TRID compliant. Since that time, outstanding issues with TRID have been adversely affecting the secondary market's appetite to purchase loans. Concerns over potential assignee liability can result in loans remaining on warehouse lines for longer periods, extending lock periods, placing loans into suspension, and even potentially affecting the credit rating for mortgage bonds that are included in future RMBS pools.

"The CFPB requires all parties involved in the mortgage finance transaction to demonstrate evidence of TRID compliance," asserts Tim Anderson, director of eServices at DocMagic. "Our new eQC solution gives investors and correspondent lenders warranted electronic evidence of compliance with TRID and other critical regulations, and ensures that the audited data is exactly the same data that appears on the documents disclosed to the borrower. This is really the holy grail of automated due diligence compliance."

eQC also provides compliance data on federal regulations like high cost, QM, ATR, as well as applicable state regulations. It works by leveraging DocMagic's sophisticated audit engine, which determines if a condition is out of compliance. The audit engine immediately flags the causes of any issues for the user, directs the user to a link with information on where and how to fix it, and then verifies that the error was corrected. A full date and time stamped audit trail is created by following a consistent data validation process that runs over 10,000 compliance rules and edits designed to verify and validate legal compliance throughout the loan origination process.

This audit trail also provides full date and time stamp tracking of all borrower disclosures, a complete record of the compliance checks and conditions performed on the loan, and the complete MISMO 3.3/UCD XML data file. The XML data file can be used to electronically board and re-verify compliance at any time in the future through a tool set API that enables high speed access to this due diligence functionality.

"With over 8,000 originators running millions of closed loans through DocMagic's compliance portal each year, eQC leverages the long-standing industry acceptance of our compliance solutions to bring our correspondent lenders and investors true automated proof of compliance," said Dominic Iannitti, president and CEO of DocMagic.

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 1988 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/.

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

DocMagic Twitter: @DocMagic https://twitter.com/DocMagic

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/docmagic-announces-eqc-automated-due-diligence-solution-for-investors-and-correspondent-lenders-2016-0512-06.shtml.

NEWS SOURCE DocMagic, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

The Mortgage Collaborative Adds 14 New Lender Members

Rich Swerbinsky

The Mortgage Collaborative, an independent mortgage lending cooperative, today announced the addition of 14 new lenders to their national network of originating members, according to the Collaborative's EVP of National Sales & Strategic Alliances, Rich Swerbinsky.

"It's inspiring to our team hearing about the value great companies like these see in our network," said Swerbinsky. "Being completely independent allows us always to focus on our members first and foremost. This is a challenging climate for mortgage originators, especially small to mid-sized lenders, as mortgage origination costs skyrocket. The technology and innovation in this industry is changing rapidly and lenders are spending more time than ever playing defense. At a time where business development issues and initiatives are paramount to the future success of mortgage originators, we act as a partner to our members in overcoming all of those challenges."

The new member companies are as follows:
Advisors Capital - Novi, MI
Churchill Mortgage - Brentwood, TN
Columbus First Bank - Columbus, OH
FBC Mortgage - Orlando, FL
First Community Mortgage - Murfreesboro, TN
First Direct Lending - Irvine, CA
Fulton Mortgage Company - Lancaster, PA
Integrity Home Mortgage Corporation - Winchester, VA
Nations Lending Corporation - Independence, OH
Origin Bank - Addison, TX
People's Mortgage Company - Chandler, AZ
Platte Valley Bank of Missouri - Platte City, MO
Sente Mortgage - Austin, TX
Sunstreet Mortgage - Tucson, AZ.

The addition of these companies increases to over $90 billion annually the aggregate origination volume of The Mortgage Collaborative's lender members. In the past 12 months, The Collaborative has added 48 new originating lender members, continuing the rapid growth for the nation's only independent cooperative network.

The Mortgage Collaborative also recently announced their Summer Lender Member Conference, which will be held August 20-23, 2016 at the Four Seasons Hotel in Denver, Colorado. The conference provides The Collaborative's lender members a unique opportunity to interact with top industry leaders and to attend and participate in compelling educational and peer-to-peer networking sessions. Details on the conference can be found at http://www.mortgagecollaborative.com.

About The Mortgage Collaborative:

Based in San Diego, Calif., The Mortgage Collaborative was founded in 2013 to empower mortgage lenders across the country with better financial execution, reduced costs, enhanced expertise and improved compliance and to help its members access the dynamic and changing consumer base in America. The association is managed by its founding members: John Robbins, CMB; David Kittle, CMB; Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP); and Jim Park, former chair of the Asian Real Estate Association of America (AREAA). Robbins and Kittle are former chairmen of the Mortgage Bankers Association of America (MBA).

For more information, visit http://www.mortgagecollaborative.com/.

Twitter: @MtgCoop

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/the-mortgage-collaborative-adds-14-new-lender-members-2016-0511-07.shtml.

NEWS SOURCE The Mortgage Collaborative :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Klingenstein Fields Wealth Advisors’ SVP Jonathan B. Roberts, CFA, CIC, Delivers Opening Remarks at Investment Adviser Association’s 2016 Annual Leadership Conference

Jonathan B. Roberts

NEW YORK, N.Y., May 11, 2016 (SEND2PRESS NEWSWIRE) -- Jonathan B. Roberts, Chief Compliance Officer and Senior Vice President at KFWA (Klingenstein Fields Wealth Advisors), a leading wealth management firm with approximately $3 billion in assets under management, welcomed attendees with insightful opening remarks at the Investment Adviser Association's (IAA) 2016 Annual Leadership Conference.

Mr. Roberts discussed the strong growth in the investment adviser industry and the challenges that accompany it, including heightened regulatory and public scrutiny, greater competition and the increased complexity of investment management.

According to Mr. Roberts, regulatory oversight, in particular, is a topic of focus from an array of organizations and agencies, from the SEC and FINRA to banking regulators, the Treasury and the Financial Stability Oversight Council, as well as the Department of Labor, which has recently expanded their definition of fiduciary.

"The demographics of an aging population are engendering an increased focus on retirement issues and the need for advice," stated Mr. Roberts. He went on to talk about the crucial role that the IAA plays in working with legislators and regulators in representing the investment adviser community, helping to develop appropriately tailored regulation, as well as to uphold fiduciary standards. "A core part of the IAA's mission is to promote and preserve the highest standard of fiduciary duty that is the bedrock of the Investment Advisers Act of 1940," Mr. Roberts remarked.

Mr. Roberts urged attendees to remember that "fiduciary advice is critical for clients and their financial futures." He closed by reviewing the critical role the IAA plays in advocating for investment advisers and their clients, reminding participants of how important it is to get involved and work together to "strengthen their individual businesses and the overall standing of our profession."

Mr. Roberts serves as Chair of the IAA's Board of Governors.

More information: http://www.klingenstein.com/.

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NEWS SOURCE Klingenstein Fields Wealth Advisors :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

New Study Finds Most Companies Lack Systems and Processes to Comply with New Lease Accounting Standards

Equipment Lease Management

GREAT FALLS, Va., May 11, 2016 (SEND2PRESS NEWSWIRE) -- LeaseAccelerator, the leader in Equipment Lease Management software, announced the results of a market readiness survey for the new lease accounting standards. The first research study to be completed since the Financial Accounting Standards Board (FASB) announced ASU 2016-02 (ASC 842), surveyed financial professionals about their state of readiness for the new leasing standards.

The survey also asked respondents to assess the maturity of their processes and systems for managing leased equipment such as aircraft, trucks, forklifts, laptops and data center gear.

The study found that 85% of respondents were in the process of reading, studying, and implementing the new standards. Less than 10% of respondents believed they had the right systems in place to comply today. Of those surveyed, 42% were expecting the implementation of the new standards to be "pretty painful" or "extremely painful."

Additional findings of the study included:
* Equipment leasing lacks a consistent owner at many companies. 31% of those with large leasing programs had no designated owner.
* Most companies do not have an up-to-date inventory of their leases. 64% of companies with large leasing portfolios stated it could take months.
* Most companies do not have a system of record in place for equipment leases. Almost 65% were using spreadsheets or "a little of everything" to track these assets.

"Only a handful of companies have adopted best practices for the accounting and administration of their equipment leases," said Michael Keeler, CEO of LeaseAccelerator. "The majority are relying on spreadsheets with no clear organizational owner or KPIs. Companies should get started now implementing the necessary systems, processes and controls if they are going to meet the deadlines for the new lease accounting standards."

Developed over a period of ten years by the Financial Accounting Standards Board and International Accounting Standards Board, the new lease accounting standards change the way public companies will report leases in their quarterly and annual financial statements. Many real estate and equipment leases, previously only disclosed in the footnotes of investor filings will now be capitalized on corporate balance sheets.

The IASB estimates that over $2.2 Trillion of assets and liabilities will transfer onto corporate balance sheets in the coming years. The implementation deadlines for the new standards start in 2019. However, companies will also have to provide three years of comparative income statement, beginning on January 1st, 2017 for calendar year end filers.

You can read the full report here now:
http://www.leaseaccelerator.com/lease-accounting-readiness-study .

About the study:

On behalf of LeaseAccelerator, in March 2016, an independent, third-party research firm surveyed over 150 treasury, accounting, finance and tax professionals at Fortune 1000 companies about their readiness and expected challenges with implementing the new lease accounting standards.

About LeaseAccelerator:

LeaseAccelerator offers the market-leading SaaS solution for Equipment Lease Management (ELM), delivering hard cost savings, compliance, and best practices to large, international lessees. LeaseAccelerator is the only solution that covers the entire enterprise equipment leasing lifecycle, including: Equipment Lease Sourcing, saving 6-8% by driving down capital costs; Portfolio and Performance Management, saving 8-12% by improving end-of-term return performance; and Lease Accounting, enabling compliance with current and new FASB, IFRS, and SOX standards.

Learn more at http://www.leaseaccelerator.com/.

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Twitter: @LeaseAccelerate

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/new-study-finds-most-companies-lack-systems-and-processes-to-comply-with-new-lease-accounting-standards-2016-0511-03.shtml.

NEWS SOURCE LeaseAccelerator :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Daniel Joseph Duffy Descendants’ Trust Acquires Controlling Interest In Sunshine Capital, Inc.

DIB Funding Inc

HOLLYWOOD, Fla., May 10, 2016 (SEND2PRESS NEWSWIRE) -- Sunshine Capital, Inc. (Pink Sheets: SCNP) today announced that its parent Company DIB Funding, Inc. has been acquired by the Daniel Joseph Duffy Descendants Trust.

The Daniel Joseph Duffy Descendants' Trust was established for the benefit of Daniel J. Duffy's two children, ages 6 and 11. The trust has been formed by an attorney and two licensed Certified Public Accountants, who will also act as trustees.

Investment decisions shall be made by Daniel J. Duffy, who has sole authority to act as Investment Trustee due to the children's age. Mr. Duffy plans to advance the interest of his children by using his skills and experience in investing in and operating public companies; financing; raising capital; streamlining corporate capital structures; and, mergers and acquisitions. Mr. Duffy is well known throughout the micro-cap industry as one of the best micro-cap stock traders and as a prior President and CEO of multiple public companies.

"This trust was established for the benefit of my two children and I am sure that the shareholders of Sunshine Capital, Inc. will benefit as well," stated Daniel J. Duffy, newly appointed Investment Trustee of his children's trust. "With my guidance this Company is going to dramatically change, and the company will soon announce the hiring of a much more qualified President and CEO who has a history in the public markets. I have also advised prospective management regarding both a new corporate and capital structure of the Company, which I believe may lead to a multi-million dollar increase in net assets with no dilution to the share structure of this Company and will announce the outcome of the special board meeting that addressed my recommendations to the Sunshine Capital, Inc. management."

As of today, DIB Funding, Inc. has over $100 million in net assets, including sole ownership of Widjits, Inc., a diversified media company. DIB Funding, Inc. management's main goal is to build Sunshine Capital, Inc. to become a profitable company with millions in revenue and multi-millions in net assets with no debt. This should naturally raise the market price of Sunshine Capital, Inc. to new highs and benefit Sunshine's shareholders, including Daniel J. Duffy's two children.

The Daniel Joseph Duffy Descendants' Trust is currently being controlled by two Certified Public Accountants, a licensed attorney, an Investment Trustee, and a private investigator to oversee the trust's success. Sunshine Capital, Inc. is in the process of acquiring large equity positions in many public companies for its portfolio and is also in negotiations with a profitable private company with millions in assets to be acquired by Sunshine Capital, Inc. The proposed transaction would have little or no dilution to the company's share structure, nor would it assume a significant quantity of debt.

The company's goal continues to be "up-listed" to the American Stock Exchange.

MEDIA Contact:
Lindel Regis
Sunshine Capital, Inc.
7777 Davie Road Extension Suite 302B
Hollywood, FL 33024
954-703-2538
http://www.PinkSheetsSCNP.com/

Forward-Looking Statements:
The private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements; based on knowledge of the environment in which it operates. Because of the factors previously listed, as well as factors beyond control of company, actual results may differ materially from expectations expressed in forward-looking statements.

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To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/daniel-joseph-duffy-descendants-trust-acquires-controlling-interest-in-sunshine-capital-inc-2016-0510-02.shtml.

NEWS SOURCE Sunshine Capital, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Home Point Financial and ReverseVision Partner to Offer Mortgage Lender-Focused HECM Luncheon

Home-Equity Loans Facts Track

SAN DIEGO, Calif., May 4, 2016 (SEND2PRESS NEWSWIRE) -- ReverseVision, Inc. (ReverseVision) is pleased to announce that it is again offering the popular "Home-Equity Loans Facts Track" seminar for mortgage lenders interested in learning more about the home-equity conversion mortgage (HECM) loan on May 11 at the Hyatt Regency Huntington Beach, Sandpiper Room from 12:30 p.m. to 2:30 p.m.

Mortgage lending expert Josh Shein, senior director at Home Point Financial (Home Point), and Wendy Peel, vice president of sales and marketing at ReverseVision, will set attendees on the path of understanding how to meet their most valuable customers where they are in life and retain them - and possibly their children - as life-long clients.

Attendees will learn about:
* explosive customer need;
* perceived reputational risk;
* new and improved guidelines;
* HECMs as a retirement tool;
* HECM 101;
* lead generation and marketing; and
* how to get started.

Originally conducted in conjunction with ReverseVision's 2016 User Conference, "Home-Equity Loans Facts Track" attendees gain insight into how the HECM product can help mortgage lending professionals better serve consumers, expand their retirement services offering and improve profitability. Recognized by leading financial planners as a safe, secure and lucrative way to increase revenue, HECM has seen consumer demand grow on pace as the Baby Boomer generation moves into its retirement years at a rate of 10,000 per day.

"This luncheon is vital to mortgage lenders, bankers and credit unions that want to serve their 62-plus consumers as they make home buying, home equity or retirement decisions," said Peel. "Attendees will learn from experts how HECM loans are a powerful product for their borrower as well as a lucrative one for their business. HECM loans were conceived to serve this demographic specifically by allowing the home-equity asset to be optimized in retirement, making it a fiduciary responsibility for lenders to discuss this option with qualified consumers."

Interested mortgage and banking professionals can RSVP for the "Home-Equity Loans Facts Track" luncheon at http://bit.ly/HECMFactsTrack.

About ReverseVision:

Recognized as a Deloitte's 2015 Technology Fast 500(TM) company, ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision technology than all other reverse mortgage LOS combined. ReverseVision has partnered with some of the finest and fastest-growing lending organizations in the U.S. to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors.

ReverseVision is recognized as a driving innovator in the reverse mortgage industry. ReverseVision continues to improve its software with frequent new innovations and by building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.

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

About Home Point:

Home Point Financial is a privately held residential mortgage lender focused on supporting the needs of its broker and correspondent partners. They offer a wide variety of loan programs that support the financing needs of today's borrowers. Whether clients are in the market to purchase a home or to refinance an existing loan, Home Point Financial delivers a seamless process that makes closing loans fast, easy and simple.

For more information, visit http://www.homepointfinancial.com/.

TWITTER: @ReverseVision @HomePointLoans

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/home-point-financial-reversevision-partner-to-offer-mortgage-lender-focused-hecm-free-luncheon-huntington-beach-may-11-2016-0504-02.shtml.

NEWS SOURCE ReverseVision, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Mid America Mortgage Hires Michael J. Lima to Oversee Whole Loan Trading Division

Michael J. Lima

ADDISON, Texas, May 2, 2016 (SEND2PRESS NEWSWIRE) -- Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode announced the firm has retained mortgage banking and capital markets executive Michael Lima as managing director of its Whole Loan Trading division. With nearly 30 years of mortgage expertise, Lima will direct Mid America's whole loan acquisition business, including its recent entry into the market for loans with TRID compliance issues.

"We feel there is an opportunity to broaden our scope and become a more active player in the re-emerging private investment sector of the mortgage industry," said Bode. "Michael Lima possesses the deep background in capital markets and a finely tuned radar for mortgage risk, that makes him a natural fit to prudently position Mid America in this market."

"I am excited to join such a progressive company and look forward to continuing the legacy of my predecessor, Richard Glover, in delivering value to our partners and other industry stakeholders. Mid America represents the new face of private investment in the mortgage industry -- on-the-ground players with the demonstrated ability to look beyond the surface to discern a loan's fundamental soundness," said Lima. "A key contributor to Mid America's success in this area is the confidence it places on the internal systems and governance that generate its own high-quality retail loan production."

Prior to joining Mid America, Lima served as Chief Risk Officer for Guardian Mortgage Company, where he was responsible for supporting strategic initiatives for the company, including enterprise risk management, capital markets and servicing. In addition, Lima was a senior vice president with Nationstar Mortgage, where he held leadership roles in capital markets, investor relations and correspondent lending. Lima spent the majority of his early career, 17 years, with Fannie Mae, ultimately serving as Director of Single Family Business.

Lima holds a Bachelor of Arts degree in Finance from San Diego State University and a Masters of Business Administration degree in Finance from The University of Texas at Arlington. He is an active member of the Texas Mortgage Bankers Association and has held a Director position since 2008.

About Mid America Mortgage, Inc.:

Mid America Mortgage, Inc. is looking for tech-savvy, service-oriented mortgage professionals to join its growing team. We are a multi-state mortgage lender based in Addison, Texas, with branches located across the United States. Mid America offers a wide range of residential home loan programs to meet the needs of most home buyers and homeowners, and we are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit http://www.midamericacareer.com/.

Additional information about Mid America Mortgage, Inc. can be found on the company's website at http://www.midamericamortgage.com/about/.

Twitter: @midamericamtge

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To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/mid-america-mortgage-hires-michael-j-lima-to-oversee-whole-loan-trading-division-2016-0502-03.shtml.

NEWS SOURCE Mid America Mortgage Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

DocMagic Wins 2016 Innovation Award for its SmartCLOSE TRID Collaborative Closing Portal

loan document preparation

TORRANCE, Calif., April 27, 2016 (SEND2PRESS NEWSWIRE) -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that PROGRESS in Lending presented the company with one of its annual Innovation Awards for the development and widely successful launch of its industry-leading SmartCLOSE(TM) collaborative closing portal for TRID compliance. DocMagic was one of only seven recipients to receive the honor out of numerous applicants.

The Innovation Awards were presented to the winners at a ceremony held by the mortgage technology focused PROGRESS in Lending Association at the MBA's National Technology Mortgage Banking conference held in Los Angeles, California. Judges scored applications using a weighted scale that focuses on achievements over a 12 month period for each innovation's overall industry significance, originality, positive change on the industry, intangible efficiencies gained, and hard return on investment.

PROGRESS in Lending cited the primary reason DocMagic won the award, was that early on the company developed a second-to-none, comprehensive solution that effectively addresses the Consumer Financial Protection Bureau's (CFPB) introduction of the TILA-RESPA Integrated Disclosure (TRID) rule, which is backed by numerous testimonials and extensive metrics. Notable is that DocMagic IS one of the few vendors that reps and warrant its documents, the APR, Loan Estimate and Closing Disclosure calculations. In addition, DocMagic offers a one-of-a-kind insurance-backed TRID compliance guarantee of up to $5 million.

"Many technology vendors simply jumped on the TRID bandwagon, announcing very light solutions that lack core functionality and were unable to automate the new process from start to finish and ensure 100 percent compliance," said Dominic Iannitti, president and CEO of DocMagic. "SmartCLOSE leverages our long-standing, sophisticated compliance and document management technology to bring lenders, settlement providers and other relevant parties together inside a secure collaborative portal to share, edit, validate, audit, track, and collaborate on documents, data, and fees."

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 1988 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/.

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

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/docmagic-wins-2016-innovation-award-for-its-smartclose-tm-trid-collaborative-closing-portal-2016-0427-04.shtml.

NEWS SOURCE DocMagic, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Kt Duong and Troy Ferguson Join Bank of Southern California

Troy Ferguson

SAN DIEGO, Calif., April 26, 2016 (SEND2PRESS NEWSWIRE) -- Bank of Southern California, N.A. (OTC Pink: BCAL), welcomes Kt Duong and Troy Ferguson, as Vice President, Business Relationship Managers to its seasoned team of bankers. Mr. Duong has been in banking and finance for 8 years, including Commercial Capital Partners, Commercewest Bank and Citigroup. He graduated from San Diego State University with a Bachelor of Arts in Economics and a Bachelor of Science in Finance. Additionally, he received his Juris Doctorate in Corporate Law from Thomas Jefferson School of Law.

Mr. Ferguson has been in the banking industry for 9 years, most recently as a Commercial Loan Officer with Wells Fargo Bank. Ferguson graduated from San Diego State University with a Bachelor of Arts in Economics, and is actively involved the ALS Foundation and Junior Achievement.

"We are pleased to welcome Mr. Duong and Mr. Ferguson to our growing team of bankers. Their experience in building relationships and understanding the needs of small to mid-sized businesses and professionals enhances our high service and relationship banking philosophy," commented Tony DiVita, Executive Vice President and Director of Sales of Bank of Southern California.

"The expansion of our San Diego team illustrates our continued commitment to serving the banking needs of businesses and professionals in our community," concluded DiVita.

About Bank of Southern California:

A community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed and offers a wide range of financial products to individuals, professionals, and small to mid-sized businesses. The Bank's relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with their clients. With seven offices in San Diego County and the Coachella Valley in Riverside County, Bank of Southern California remains well-capitalized, with a growing deposit base and loan portfolio.

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

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REF: OTCQB:BCAL / PinkSheets:BCAL / OTCMKTS:BCAL

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/kt-duong-and-troy-ferguson-join-bank-of-southern-california-2016-0426-01.shtml.

NEWS SOURCE Bank of Southern California N.A. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Willow Bend Mortgage Now Offers Reverse Mortgages in 12 States Using ReverseVision Exchange (RVX) Loan Origination Software

Loan Origination Software

SAN DIEGO, Calif., April 20, 2016 (SEND2PRESS NEWSWIRE) -- ReverseVision announced today that Willow Bend Mortgage (Willow Bend), an independent mortgage lender serving the South Central United States, has selected RV Exchange (RVX) as its reverse mortgage loan origination software (LOS). A long-standing community lender in its home state of Texas, Willow Bend began expanding its reverse mortgage program in 2015 and is currently licensed to operate in 12 states.

"We now have a dedicated reverse mortgage division made up of about 15 specialists," said Reverse Mortgage Divisional Manager Mike Hicks. "Our forward loan officers work closely with the reverse mortgage team and remain at the client's side every step of the way."

According to Hicks, Willow Bend originates reverse mortgages strictly on a retail basis for now, but a wholesale channel could be in the lender's future if volumes continue to grow. "At this time last year, we were preparing for Financial Assessment and just doing a handful of reverse mortgages," Hicks said. "Now our pipeline is growing, and we expect volume to trend up over the next year."

Financial Assessment refers to a series of FHA-administered changes to the underwriting criteria for Home Equity Conversion Mortgage (HECM) loans, commonly called reverse mortgages. The Financial Assessment rules make the HECM an even safer loan product for consumers by requiring lenders to evaluate borrowers' credit history, income and debt to determine if they are capable of meeting the obligations of a loan. First announced in 2013, Financial Assessment went into effect in April 2015.

"Now that we're through the first year of Financial Assessment, we're focused on growing our team and our HECM for Purchase business," said Hicks, who began his career in the reverse mortgage business as a consultant with such large depository institutions as MetLife and Wells Fargo. Both banks have since exited the reverse mortgage space. Prior to joining Willow Bend, Hicks served as sales manager at 1st Reverse Mortgage USA.

"Texas was the last state to get the HECM for Purchase," noted Hicks, "so our main focus is to get out there and educate REALTORS, builders and senior borrowers." Texas voters approved a constitutional amendment to allow HECM for Purchase financial transactions in November 2013. HECM for Purchase is a product that allows homeowners to take out a reverse mortgage and buy a new residence all within a single transaction. "It's my hope that HECM for Purchase will one day represent 50% of Willow Bend's overall business," Hicks added.

Willow Bend selected RV Exchange (RVX) as its reverse mortgage LOS largely because of the user-friendly experience it delivers. "RVX is such a user-friendly software," said Hicks. "It's easy to manage from the time a loan officer first uses the software for quoting a loan all the way through to reporting. That's why it's one of most utilized programs throughout the industry."

RVX is San Diego, California-based ReverseVision's flagship product. The LOS serves as a centralized exchange, connecting all participants in the lifecycle of a reverse mortgage by allowing them to log in to a single system to share documents and information for each part of the loan process.

Hicks commended the turnkey nature of RV Exchange (RVX), reserving special praise for the hands-on support provided by ReverseVision VP of Professional Services Jeff Birdsell. "Jeff's hands-on approach was phenomenal," Hicks said. "He came out here and walked us through the process of putting our own products into the system. From the time we purchased RVX to the time we were up-and-running was a few days at the most."

RVX encompasses everything from point-of-sale, processing, underwriting, funding and post-closing to secondary marketing. This central exchange model is unique in the mortgage industry and offers benefits to all parties that include reduced document errors, heightened information security and shorter fulfillment timelines.

"We are pleased to help Willow Bend bring the benefits of HECM products, especially the HECM for purchase, to new borrowers in Texas and surrounding states," said Wendy Peel, vice president of sales and marketing for ReverseVision. "RVX provides a full suite of features and the wholesale infrastructure to scale with Willow Bend's needs as it grows its reverse mortgage business."

About Willow Bend:

Willow Bend Mortgage was founded in 1993 as a small brokerage shop built on servant leadership principles. Today, Willow Bend is a full-scale mortgage banking operation with offices in Texas and Alabama. Headquartered in Plano, Texas, Willow Bend generates more than $500 million in single-family "traditional" and reverse mortgages each year. Willow Bend loan officers take pride in putting their clients' interests first. With a superior product mix, expert loan officers and an operations staff that is second to none, Willow Bend helps borrowers navigate today's highly regulated mortgage environment.

For more information, visit http://www.wbm.com/.

About ReverseVision:

Recognized as a Deloitte's 2015 Technology Fast 500(TM) Company, ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision technology than all other reverse mortgage LOS combined. ReverseVision has partnered with some of the finest and fastest-growing lending organizations in the U.S. to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors.

ReverseVision is recognized as a driving innovator in the reverse mortgage industry. ReverseVision continues to improve its software with frequent new innovations and by building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.

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

Twitter: @ReverseVision @wbmtx

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/willow-bend-mortgage-now-offers-reverse-mortgages-in-12-states-using-reversevision-exchange-rvx-loan-origination-software-2016-0420-05.shtml.

NEWS SOURCE ReverseVision :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Simplifile Q1 2016 Report Reveals Three Out of Four Transactions Eligible to be E-Recorded

data workflow platform

PROVO, Utah, April 20, 2016 (SEND2PRESS NEWSWIRE) -- Simplifile, a leader in electronic document and data workflow technology for lenders, settlement agents and counties, today released quarterly figures summarizing the organization's activities and achievements from January through March 2016.

The company announced the addition of 49 e-recording counties across 20 states during the first quarter of the year, bringing its total number of e-recording jurisdictions nationwide to 1,410. This sets a pace of about one new e-recording county every other day.

"County recorders are embracing e-recording at a brisk tempo that points to a growing awareness of the advantages offered by this technology," said Paul Clifford, president of Simplifile. "The number of e-recording counties has grown steadily over the last several years, but it looks like we could be on track for a banner year in 2016."

Using Simplifile's secure, web-based service, customers ranging from title companies to banks, attorneys and lien filers can scan or upload and submit documents directly to the recorder's office. In minutes, the recorder can review, stamp, record and return the documents back to the submitter electronically.

"We're already electronically submitting land record documents to the tune of over 2.5 million documents per quarter, and the infrastructure is in place to support e-recording of three out of four transactions," Clifford said. With its latest additions, Simplifile serves 39 percent of U.S. recording jurisdictions, including all 20 of the nation's most populous counties. Simplifile's e-recording county network is home to some of the nation's most populous metropolitan centers, representing more than 75 percent of U.S. residents and the vast majority of all recording transactions.

Simplifile also saw significant first-quarter growth in adoption of its loan estimate and closing disclosure collaboration solution that enables lenders to share, receive and validate documents and data with their network of settlement agents. "Now is the time for lenders who've been on the fence to join with settlement agents and counties in embracing technology that makes real-time collaboration and post-closing easier, more compliant and more auditable," Clifford said. The Simplifile Collaboration service provides a platform for collaborating on fee data, documents and transaction details and allows users to share changes, updates, deficiencies and statuses within one system, in real time.

High-speed internet access and a browser are the minimum requirements for customers to begin collaborating or submitting documents for e-recording through Simplifile.

In January 2016, Simplifile VP of Strategic Planning Nancy Alley was appointed to the Mortgage Industry Standards Maintenance Organization (MISMO) board of directors. Also in Q1, Simplifile was named to HousingWire magazine's 2016 TECH100(TM) list. The TECH100(TM) represents the housing economy's 100 most innovative technology companies. Simplifile was recognized for its dominance of the e-recording space and the release of its Collaboration and Post-Closing solutions for lenders and settlement agents.

About Simplifile:

Simplifile is an electronic document and data workflow platform that connects lenders, settlement agents and counties. Since 2000, Simplifile has grown the nation's largest e-recording network and transformed the title and real estate industries. From e-recording to document sharing, collaboration and post-closing, Simplifile offers an array of services in one place to help users securely record, share and track documents, data and fees with ease.

To learn more, visit https://simplifile.com or call (800) 460-5657.

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Twitter: @Simplifile

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NEWS SOURCE Simplifile :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Altavera Mortgage Services Notes Uptick in Non-QM Activity from Originators, Aggregators and Investors

mortgage origination services

DENVER, Colo., April 20, 2016 (SEND2PRESS NEWSWIRE) -- Altavera Mortgage Services (Altavera), the premier provider of third-party residential mortgage origination services, reports a marked uptick in non-Qualified Mortgage (non-QM) inquiries in the first quarter of 2016. According to President and Founder Brian Simons, staffing requests from Altavera's clients suggest the industry is preparing for increased business in Q2 and the second half of 2016.

"While non-QM still represents only a portion of our overall client portfolio, approximately 35 percent of new client inquiries are for non-QM work," said Simons. "We're seeing a rise in demand from originators for underwriting and processing support and from aggregators for pre-purchase review."

Non-QM loans are mortgages that do not meet the standards of a Qualified Mortgage (QM) as defined by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). While not inherently high-risk, these mortgages do not fit into the complex rules associated with QM loans.

"One of our clients recently requested four additional underwriters and three additional processors to prepare for their projected volume over the next few months," said Simons. "We also know of several non-QM investors that are hiring extra business development and sales personnel. In our experience, these kinds of staffing trends are a good indicator of what's in the pipeline."

In addition, Simons pointed to a gradual easing of credit by some lenders as well as a greater comfort level by banks to hold non-QM product. In its January 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices, the Federal Reserve reported that lending standards are beginning to ease for all non-QM loan types except subprime loans. Further, as recently reported in Inside Nonconforming Markets, origination of interest-only mortgage loans was up 8.5 percent in 2015 versus 2014, and much of the interest-only product is being held by banks.

"We anticipate that as interest rates increase, we'll see even more interest in non-QM products," said Altavera Chief Operating Officer Debora Aydelotte. "Already, our clients are originating a variety of non-QM loan types, from jumbo loans to loans with a higher debt-to-income ratio than what's allowed under the QM rules. We're also seeing increased interest in early foreclosure release and asset inclusion loans."

Borrowers who have forfeited their homes in a foreclosure sale typically must wait a prescribed number of years before applying for another QM loan. Early foreclosure release is a type of non-QM loan that allows borrowers to take out a mortgage before the prescribed waiting period ends. Asset inclusion is a type of non-QM loan where the borrower relies on assets (often income from self-employment) to cover some of the loan's income qualifications.

"Early indicators from the last three months point to a healthy non-QM market in 2016 that will exceed 2015 volumes by a material margin," concluded Simons.

Altavera provides originators, investors and aggregators with mortgage fulfillment services including underwriting, processing, closing and pre-purchase review, also called close loan review or due diligence. The service provider works closely with each client to understand its unique non-QM products, then assigns a dedicated team of tenured Altavera staff members to serve the client's needs.

About Altavera:

Based in Denver, Colorado, Altavera provides independent, third-party mortgage origination services to residential mortgage originators. Altavera's staff of seasoned, U.S.-based specialists help clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. Altavera maintains its highly trained staff through Altavera Academy, the firm's dedicated training unit.

For more information, visit http://altavera.com/.

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To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/altavera-mortgage-services-notes-uptick-in-non-qm-activity-from-originators-aggregators-and-investors-2016-0420-01.shtml.

NEWS SOURCE Altavera Mortgage Services LLC :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

OpenClose Taps Industry Veteran Michael Falce to Handle Increasing Demand for its Multi-Channel LOS

Michael Falce

WEST PALM BEACH, Fla., April 19, 2016 (SEND2PRESS NEWSWIRE) -- OpenClose(R), an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, announced that industry veteran Michael Falce has been hired as a vice president, enterprise account executive. In this role, he will work with lending entities of various types and sizes to utilize OpenClose's LenderAssist(TM) LOS and additional software solutions.

Mr. Falce brings to OpenClose a unique blend of mortgage banking and mortgage technology experience that spans more than 25 years of exclusively serving the mortgage industry. He thrives at fast-paced, dynamic companies where he has absorbed key facets of the mortgage lending business including production, secondary marketing, underwriting, compliance, quality control, risk management, operations and technology.

Mr. Falce has extensive knowledge of correspondent lending and capital markets and has been directly in charge of establishing business models, platforms, processes and sales execution strategies for many different types of lending organizations. He has worked in sales management and held executive-level roles at Countrywide Home Loans, Aurora Loan Services, IMPAC Mortgage, Cherry Creek Mortgage, First Guarantee Mortgage, CUNA Mortgage and First American CoreLogic.

"Mike has been a top producer at every company he has been with and is armed with both mortgage banking and first-hand technology experience," said JP Kelly, president at OpenClose. "We are pleased to have him join the OpenClose team and interface with our industry's professionals to meet the increasing demand of our end-to-end LOS platform as well as other innovative standalone solutions we've developed."

The OpenClose solutions that Mr. Falce will offer include LenderAssist(TM) LOS, DecisionAssist(TM) PPE, ConsumerAssist(TM), OC Correspondent(TM), OC Optics(TM) and correlating professional services.

"I am excited to leverage my mortgage background to introduce OpenClose's industry leading LOS technology," commented Falce. "I've worked with many different types of mortgage technology systems throughout my career and OpenClose is one of the most comprehensive and advanced that I've seen."

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading end-to-end, multi-channel loan origination system (LOS) provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of 100 percent browser-based solutions for lenders, banks and credit unions. OpenClose's core solution, its LenderAssist(TM) LOS, is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for comprehensive automation and compliance adherence.

For more information, visit http://www.openclose.com or call (561) 655-6418.

OpenClose Twitter: @openclosesocial - https://twitter.com/openclosesocial

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

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/openclose-taps-industry-veteran-michael-falce-to-handle-increasing-demand-for-its-multi-channel-los-2016-0419-01.shtml.

NEWS SOURCE OpenClose :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Platinum Data Launches RealView QB (Quality Bridge), Providing Lenders and Appraisers with a Transparent Single System of Record for Appraisal QC

valuation data and analytics

ALISO VIEJO, Calif., April 5, 2016 (SEND2PRESS NEWSWIRE) -- Platinum Data Solutions, a provider of valuation data and analytics solutions, has launched RealView(R) QB (Quality Bridge), the industry's only appraisal quality technology that allows users to authorize access and share information with third parties, including lenders, AMCs, appraisers and investors.

RealView QB is a workflow feature in RealView, the industry's most advanced appraisal quality technology. It enables a single, centralized system of record for appraisal quality control. With RealView QB, users can invite virtually any relevant party to access their appraisal quality and underwriting process on a limited, user-defined basis. These third parties simply log in to RealView, review appraisal QC results and immediate take action. Examples of these actions include resolving issues, providing explanations or revisions, asking questions, such as clarification on comp selection, and much more.

By sharing a single system of record, RealView QB can eliminate some of the most time consuming, error-prone activities in the mortgage process, such as rekeying appraisal information, communicating findings and requesting additional information.

"The back-and-forth nature of the appraisal QC process slows the mortgage process and costs companies thousands of dollars each year. Plus, when lenders, AMCs, appraisers and investors operate in silos, it's difficult to achieve transparency," said Phil Huff, president and CEO of Platinum Data. "RealView QB's real-time information sharing reduces mistakes and repetitive tasks while bringing transparency to appraisal QC. All parties benefit from lower costs and protected margins, and the industry as a whole gains the transparency it needs."

Platinum Data's online platform and analytical tools are used to protect the country's top 10 mortgage lenders, and are integrated with nine of the top 10 appraisal management systems.

ABOUT PLATINUM DATA SOLUTIONS:
Platinum Data Solutions provides valuation data and analytics technologies that help mortgage lenders, servicers, investors, AMCs and their vendors value collateral, identify potential collateral weaknesses and manage collateral risk. The company's online platform and analytical tools protect the country's top 10 mortgage lenders and help hundreds of companies to perform due diligence and prevent collateral-based loss. Each year, Platinum Data protects billions of dollars in assets across the U.S. against collateral-based non-compliance, buybacks and other risks. The company's RealView system pioneered computer-assisted appraisal underwriting. Its valuation analytics channel provides the industry's only turnkey services that assure the responsible use of AVMs. Platinum Data Solutions is based in Aliso Viejo, California and was founded in 2002.

For more information, visit http://PlatinumData.com/, follow @Platinum_Data or email info@PlatinumData.com.

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To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/platinum-data-launches-realview-qb-quality-bridge-providing-lenders-appraisers-transparent-single-system-record-appraisal-qc-2016-0405-03.shtml.

NEWS SOURCE Platinum Data Solutions :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Pavaso Achieves 2,000th Live Transaction on Digital Closing Platform

eClosing

LOS ANGELES, Calif., April 4, 2016 (SEND2PRESS NEWSWIRE) -- Pavaso, the industry leader in eClosing and Consumer Management technology solutions, announced it has recorded its 2,000th live transaction on the Digital Close platform. In addition, more than 6,500 user accounts have been created in the platform, spanning from mortgage lenders to title/settlement agents to Realtors and consumers. The announcement was made in conjunction with the Mortgage Bankers Association's National Technology in Mortgage Banking Conference & Expo, of which Pavaso is a diamond sponsor.

"Our approach is simple," Mark McElroy, president and CEO of Pavaso, said. "We think about what issues the industry is facing now and what they'll be facing in the near future. Then we solve those problems by building creative, relevant technology based on solid process re-engineering. When we started designing and building the platform from the ground up in 2010, we studied the closing process very carefully, and what we came up with is a single platform where the consumer, lender, real estate agent, title company, investor and other service providers could reap benefits together through collaboration. The key to all of this was focusing like a laser on the consumer's experience."

Having officially launched in early 2014, Pavaso was selected in August 2014 as one of the participants in the Consumer Financial Protection Bureau's eClosing pilot. Paired with Utah-based Mountain America Credit Union and New York-based Franklin First Financial, Pavaso facilitated more than 550 eClosings in both the basic and advanced eClosing categories. In addition to showing double percentage points of improvement in customer satisfaction compared to paper transactions, Mountain American worked with Pavaso to deliver the entire closing package three days before the consumer's closing date, while capturing roughly 100 points of data regarding the interaction of the consumer throughout each closing.

"After being battle-tested in the CFPB's eClosing pilot, we expanded our focus to zero in on other closing-related issues the industry was facing," McElroy added. "We foresaw early on that TRID was going to cause significant issues in regards to closing, and our goal was to enhance our platform in order to save lenders $1,000 or more per loan, close the gap with consumer technology and expectations and shave time off the closing and funding processes - all while putting the lender in good standing with the CFPB. If we've shown anything over the past few years, it's that we've answered the challenge, and we're not stopping there."

In addition to the Digital Close(SM) and Signing Table(SM) applications used in the CFPB pilot, Pavaso has added its WebClosing(SM) solution to the platform so any computer with a browser (touch screen or not) could be used to conduct a closing and accommodate any combination of paper, hybrid, digital or eNote/eVaulted closing. For investors, Pavaso has created the Closing Forensics(SM) and Mortgage DNA(SM) solutions, which provide investors with new data points and tools to securitize closings from the platform.

In the last half of 2015, Pavaso launched its Sales Contract Negotiator tool so that sellers, buyers and their real estate agents could negotiate a sales contract online, thus starting the process digitally right from the beginning of the transaction. Pavaso also launched the beta of its IDMAXX(SM) solution to introduce a new take on identity verification and character references for the mortgage transaction.

"What we really want to stress is that our technology is not meant to replace the human element of the transaction," McElroy states. "It's meant to enhance it, greatly. At the end of the day, it's simple. If the consumer is given a better experience and treated fairly, they're happier and much more likely to keep a long-term relationship with those who served them. It just so happens that when done right, it makes things much more efficient for any business stakeholder of the transaction as well."

About Pavaso:

Pavaso is redefining real estate for the real world by connecting everyone in the real estate lifecycle through powerfully simple innovation. For more information on how our platform and solutions can help you move beyond TRID challenges, digitally transform your organization, and dramatically enhance the consumer experience, call us at 866-288-7051 or visit http://www.pavaso.com/.

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Twitter: @Pavasotweets #eClosing #mbatech16

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/pavaso-achieves-2000th-live-transaction-on-digital-closing-platform-2016-0404-04.shtml.

NEWS SOURCE Pavaso, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

NOVA Home Loans Chooses ReverseVision Exchange (RVX) Software to Originate Reverse Mortgages, Deliver to Investors

reverse mortgage industry

SAN DIEGO, Calif., March 30, 2016 (SEND2PRESS NEWSWIRE) -- ReverseVision announced today that NOVA(R) Home Loans (NOVA), a Tucson, Arizona-based mortgage lender serving the Southwestern United States, has selected RV Exchange (RVX) as its reverse mortgage loan origination software (LOS). NOVA has originated reverse mortgages as a correspondent lender since 2014.

According to Glen Smart, manager of NOVA's reverse mortgage division, the lender selected RVX for its superior integration with secondary market investors. "Frankly, the first question we ask whenever we partner with a new investor is, 'Will you work with RV Exchange?'" Smart said.

RVX is San Diego, Calif.-based ReverseVision's flagship product. The LOS serves as a centralized exchange, connecting all participants in the lifecycle of a reverse mortgage by allowing them to log in to a single system to share documents and information for each part of the loan process.

"RV Exchange allows us to deliver the same reverse mortgage package to any number of investor partners," Smart said. "We don't have to learn and open a bunch of different investors' systems to compare options. We absolutely love that."

RVX encompasses everything from point-of-sale, processing, underwriting, funding and post-closing to secondary marketing. This central exchange model is unique in the mortgage industry and offers benefits to all parties that include reduced document errors, heightened information security and shorter fulfillment timelines.

At NOVA, loan officers refer all reverse mortgage leads to a team of dedicated reverse mortgage specialists. Referring loan officers receive a referral fee when the loan closes.

"We've found that when leads are handled exclusively by certified reverse mortgage experts, customer interactions are better and loans close more frequently," said Smart. "I would love to see everyone in the industry shift to a model that relies on specialists versus the loan officer that tries to do one or two reverse mortgages a year. That's where mistakes get made, files are delayed, seniors are upset and the program gets a bad name."

NOVA is the largest independent mortgage bank in Arizona. Licensed in 12 states, NOVA currently operates branches in Arizona, Colorado and Nevada.

"Through RVX, NOVA Home Loans matches the needs of senior borrowers and investors, both of whom receive unique benefits from HECM loans," said ReverseVision Vice President of Sales and Marketing Wendy Peel. The HUD-insured home-equity conversion mortgage (HECM) is the most widely used reverse mortgage product. It allows homeowners age 62 and older to tap into their home equity as a source of income or line of credit.

"HECM can be an ideal solution for Baby Boomers who want to age in place and extend their finances throughout retirement," Peel said. "NOVA's commitment to the reverse mortgage business and to educating REALTORS(R), financial planners and seniors on reverse mortgage products is a boon to the communities it serves."

Smart also acknowledged the role of education in growing NOVA's reverse mortgage division. "We teach continuing education classes on reverse mortgages to real estate agents," Smart said, "and my goal for 2016 is to increase the number of interactions we have with financial planners, CPAs and estate attorneys. These professionals serve as trusted advisors and can help seniors and their families compare options and make the best possible financial decisions for their situation."

About NOVA(R) Home Loans:

Licensed in 15 states with branch locations throughout Arizona, Colorado and Nevada, NOVA has served the needs of homeowners and homebuyers since 1980. As one of the fastest-growing lenders in the Southwest, NOVA provides customers with the lending strength of a large financial institution and the flexibility of a local business, including specialized loan programs that traditional banks may not offer. At NOVA, loan applications are handled in-house from start to finish for exceptional service and closing speed.

For more information, visit http://www.novahomeloans.com/.

About ReverseVision:

Recognized as a Deloitte's 2015 Technology Fast 500(TM) Company, ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision technology than all other reverse mortgage LOS combined. ReverseVision has partnered with some of the finest and fastest-growing lending organizations in the U.S. to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors.

ReverseVision is recognized as a driving innovator in the reverse mortgage industry. ReverseVision continues to improve its software with frequent new innovations and by building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.

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

TWITTER: @ReverseVision @yesNOVA

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/nova-home-loans-chooses-reversevision-exchange-rvx-software-to-originate-reverse-mortgages-deliver-to-investors-2016-0330-02.shtml.

NEWS SOURCE ReverseVision, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

DocMagic Announces the Formal Launch of its New Total eClosing Solution

eClosing solution

TORRANCE, Calif., March 30, 2016 (SEND2PRESS NEWSWIRE) -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced today the formal launch of its fully integrated eClosing solution that electronically transforms the entire mortgage process from initial eDisclosure to final eClosing through investor eDelivery.

DocMagic's total eClosing process seamlessly integrates its eDocument library, SMARTDoc(TM) eNote with eSignature, eNotary, MERS eRegistration, eDelivery and eVault services in a comprehensive end-to-end eClosing solution that delivers substantially faster closings, total data transparency, superior regulatory compliance and maximum process efficiency.

The total eClosing solution is also seamlessly integrated into DocMagic's SmartCLOSE(TM) collaborative closing portal, offering a secure, centralized online environment for lenders, settlement providers and other parties to share, validate, audit, track and collaborate on documents, data and fees backed with a 100% TRID compliance guarantee. The new process is easily accessible from within SaaS-based SmartCLOSE(TM) and on-premise SmartSAFE XL(TM) systems, including the eSigning, eDelivery and eVaulting of all documents.

DocMagic's eMortgage solutions have been vetted and approved by Fannie Mae and MERS to support all three eMortgage categories for eVault, eNote and eClosing. DocMagic's participation as a leading player in numerous eClosing pilots, including the CFPB's eClosing Pilot initiative last spring has led to the rapid advancement of eClosing adoption as a solution for regulatory compliance tracking, reducing data errors, data transparency, and bringing borrower knowledge and satisfaction to the loan process.

"The total eClosing solution is an out-of-the box, easy to implement, fully paperless, patented solution that combines the most advanced functionality and continuous compliance tracking with robust borrower and lender friendly user features," said Dominic Iannitti, president and CEO of DocMagic. "Borrowers can communicate with their lenders and settlement agents and eSign documents while DocMagic runs continuous automated compliance audits throughout the entire loan process, guaranteeing compliance on factors affecting the salability of your loan, from TRID tolerance levels to compliance with anti-predatory lending and higher-priced mortgage loan laws, all while tracking every iteration of the data and speeding up the closing process."

"The DocMagic total eClosing solution is revolutionizing the traditional paper mortgage process and the timing of this couldn't be better," says Tim Anderson, director of eServices at DocMagic. "With the electronic data verification, delivery and record retention requirements of TRID, lenders have to demonstrate proof of compliance, control and accountability of the entire mortgage process. We have developed only platform in the industry that integrates and supports all key eMortgage functions within a single solution. The total eClosing solution provides a full electronic process in a one stop solution - which is truly revolutionary."

The successful launch of DocMagic's total eClosing solution as well as other recent innovations will be celebrated at the MBA Technology Conference & Expo at the company's 'Futurescape' event on Monday, April 4, 2016, at 6 p.m. at The Conga Room inside LA Live.

Interested parties can learn more about DocMagic's new eClosing solution by calling (800) 204-4255 or emailing sales@docmagic.com.

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 1988 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/.

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

Twitter: @DocMagic

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/docmagic-announces-the-formal-launch-of-its-new-total-eclosing-solution-2016-0330-01.shtml.

NEWS SOURCE DocMagic, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Media Advisory: Reverse Mortgage Expert John Button Available to Comment on Reverse Mortgage Trends

John Button

ATLANTA, Ga., March 29, 2016 (SEND2PRESS NEWSWIRE) -- Reverse mortgage expert John Button, president and CEO of San Diego, California-based software provider ReverseVision (www.reversevision.com), is available for interviews in Atlanta on Tuesday, April 12, and Wednesday, April 13, 2016.

Why Do Reverse Mortgages Matter to Atlantans?
According to Inside Mortgage Finance, the total volume of home-equity conversion mortgages (HECM) - commonly called "reverse mortgages" - grew by 15 percent in 2015. HECM loans allow homeowners age 62 and older to tap into their home equity as a source of income or line of credit. A February report from Forbes that resurfaced in several metro papers this week proclaims Atlanta the nation's fastest-aging city - meaning lots of Atlanta-area residents either qualify for a reverse mortgage now or will in the near future.

In the last ten days alone, HECM trends have been the subject of feature articles in top-tier news outlets such as:
* The Wall Street Journal,
* Forbes,
* Huffington Post,
* CNBC,
* The Seattle Times
* and more.

Button is uniquely qualified to provide media professionals with insight into current reverse mortgage lending and technology trends. He is a seasoned speaker whose reverse mortgage commentary and subject-matter expertise has been featured in diverse publications including Forbes, HousingWire, National Mortgage News, National Mortgage Professional, Reverse Mortgage Daily and The Reverse Review. Button's company, ReverseVision, is recognized as a driving innovator in the reverse mortgage industry. A January 2016 conference hosted by the technology provider was attended by 67 different companies with representation from four of the nation's top five reverse lenders.

In addition to media interviews, Button is meeting with Atlanta-area mortgage lenders interested in learning more about growing a reverse mortgage channel.

To schedule an interview, please contact:
Leslie W. Colley
(301) 337-8477
Leslie@DepthPR.com

About John Button:

John Button is a business-to-business executive, investor and entrepreneur with more than 30 years' experience in technology and strategic business development. Before joining ReverseVision as president and CEO, Button served as chief operating officer for Del Mar DataTrac (DMD), a leading innovator in mortgage lending automation and maker of the highly regarded mortgage loan origination system (LOS) DataTrac. His role with DMD encompassed overall business operations, product management, customer support, professional services and information technology.

About ReverseVision:

Recognized as a Deloitte's 2015 Technology Fast 500(TM) Company, ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision technology than all other reverse mortgage LOS combined. ReverseVision has partnered with some of the finest and fastest-growing lending organizations in the U.S. to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors.

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

*PHOTO for media: Send2Press.com/mediaboom/16-0329-John-Button-300dpi.jpg

Twitter: @ReverseVision

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/media-advisory-reverse-mortgage-expert-john-button-available-to-comment-on-reverse-mortgage-trends-2016-0329-05.shtml.

NEWS SOURCE ReverseVision, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

CMG Financial Automates its Entire Appraisal Process Using Global DMS’ eTrac Platform

real estate valuation solutions

LANSDALE, Pa., March 29, 2016 (SEND2PRESS NEWSWIRE) -- Global DMS, a leading provider of web-based compliant valuation management software, announced that CMG Financial (CMG), one of the nation's leading lenders, has streamlined the management of its appraisal process from start to finish using Global DMS' eTrac platform.

This has enabled CMG to work with its AMC providers that have disparate systems through a single interface with eTrac. As a result, processors and brokers no longer have to log into each AMC's system to place appraisal orders. From within eTrac, CMG users can order and assign appraisals, track them with real-time status, review appraisals, and they are then automatically delivered to the Uniform Collateral Data Portal (UCDP) in full compliance and without errors or missing data.

"After we implemented eTrac, our AMC assignments became automatic and thus it really simplified and sped up our orders," said Peter Gilbert, chief credit officer at CMG. "The eTrac Workflow Engine also played a significant role in the implementation by automating notifications and file delivery to the ordering parties and borrowers. eTrac has made our appraisal process very easy and efficient and we always know that we are compliant and have quality appraisals."

Global DMS' Workflow Engine eliminates manual intervention, automatically handling many intricate and disparate tasks in CMG's unique appraisal process. Custom business rules were applied to tailor CMG's appraisal management workflow to their preferences and specific internal procedures.

"CMG runs numerous appraisal orders through our system each month with an elevated level of workflow-driven efficiency," says Vladimir Bien-Aime, president and CEO of Global DMS. "The fact that eTrac effectively centralized CMG's utilization of multiple AMCs and automated nearly all appraisal functions using our Workflow Engine speaks volumes about the flexibility and scalability of our platform."

eTrac facilitates far-reaching compliance functionality that is proven to automatically keep lenders compliant with changing state-based rules, federal laws, the Consumer Financial Protection Bureau (CFPB) and the Dodd-Frank Act.

About Global DMS

Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is a leading provider of commercial and residential real estate valuation solutions catering to lenders, servicers, AMCs, appraisers and other real estate entities. 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 real estate appraisal process. The product line-up includes its eTrac(R) valuation management platform, eTrac Web Forms, Global Kinex, AVMs and data analytics products, BPO management platform, the MISMO Appraisal Review System (MARS), ATOM (Appraisal Tracking On Mobile) and AMCmatch.com. For more information, visit the company's website at http://www.globaldms.com/ or call (877) 866-2747.

About CMG Financial

CMG Financial is a well-capitalized, privately held mortgage-banking firm founded in 1993. The company makes its products and services available to the market through three distinct origination channels including Correspondent Lending, Wholesale Lending and Retail Lending. CMG Financial currently operates in most states and the District of Columbia, and holds federal agency lending approvals with HUD, VA, RHS, GNMA, FNMA and FHLMC. Throughout the mortgage banking and housing markets, CMG Financial is widely known for responsible lending practices, industry and consumer advocacy, product innovation, and operational efficiency. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS# 1820 in most, but not all states. CMG Mortgage Inc. is an equal opportunity lender. For more information, visit http://www.cmgfi.com/.

Global DMS Twitter: @GlobalDMS - https://twitter.com/GlobalDMS.

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

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/cmg-financial-automates-its-entire-appraisal-process-using-global-dms-etrac-platform-2016-0329-01.shtml.

NEWS SOURCE Global DMS :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Platinum Data Executive Craig Zielazny Named to Board of Advisors for Wittenberg University’s New Master of Science in Analytics Program

Craig Zielazny

ALISO VIEJO, Calif., March 22, 2016 (SEND2PRESS NEWSWIRE) -- Platinum Data Solutions, a provider of valuation data and analytics solutions, has announced that Craig Zielazny, the company's senior vice president of valuation analytics, has been named to the Board of Advisors for Springfield, Ohio-based Wittenberg University's new Master of Science in Analytics program. The Board of Advisors is charged with collaborating to create the department's curricula and courses, and could include guest lecturing. The inaugural semester for Wittenberg University's Master of Science in Analytics program begins in August 2016.

According to program coordinator Jana Buck, the Master of Science in Analytics program seeks to provide students with a comprehensive knowledge base that includes both analytics and management.

"Today's managers need to know enough about analytics to enable them to communicate effectively with analysts," said Buck. "In addition, analysts who want to be in management need skills beyond the nuts-and-bolts knowledge that got them to this point. Success in management depends on things like knowledge and skills in managing people, understanding roles within an organization, and big-picture thinking. The goal of the Analytics Program is to arm our graduates with a skillset that covers these two critical facets."

Zielazny, a noted lecturer who has held managerial and executive level roles in mortgage valuation analytics for over a decade, hopes his knowledge and passion for valuation analytics will help to cultivate interest in the residential real estate valuation segment among the program's students and new graduates.

"The valuation segment needs new recruits and it also needs deeper analytics," he said. "The truth is, we're sitting on a practically endless supply of both. The more we embrace advanced analytics in the residential valuation space, the safer mortgage and collateral-based transactions will become, and the easier it will be to attract the next generation of high quality analysts and managers."

Zielazny oversees the valuation analytics division of Platinum Data, which is recognized by the top 15 AVM providers for generating the industry's highest quality valuation data, and pioneering the most rigorous AVM testing and validation program in the industry.

Platinum Data's online platform and analytical tools are used to protect the country's top 10 mortgage lenders, and are integrated with nine of the top 10 appraisal management systems.

ABOUT PLATINUM DATA SOLUTIONS:

Platinum Data Solutions provides valuation data and analytics technologies that help mortgage lenders, servicers, investors, AMCs and their vendors value collateral, identify potential collateral weaknesses and manage collateral risk. The company's online platform and analytical tools protect the country's top 10 mortgage lenders and help hundreds of companies to perform due diligence and prevent collateral-based loss. Each year, Platinum Data protects billions of dollars in assets across the U.S. against collateral-based non-compliance, buybacks and other risks. The company's RealView system pioneered computer-assisted appraisal underwriting. Its valuation analytics channel provides the industry's only turnkey services that assure the responsible use of AVMs. Platinum Data Solutions is based in Aliso Viejo, California and was founded in 2002.

For more information, visit http://www.platdata.com/, follow @Platinum_Data or email info@PlatinumData.com.

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/platinum-data-executive-craig-zielazny-named-to-board-of-advisors-for-wittenberg-university-s-new-master-of-science-in-analytics-program-2016-0322-05.shtml.

NEWS SOURCE Platinum Data Solutions :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Sunshine Capital, Inc. Updates Shareholders and Announces the Opening of Its New Corporate Website

financial services

PEMBROKE PINES, Fla., March 8, 2016 (SEND2PRESS NEWSWIRE) -- Sunshine Capital, Inc. (Pink Sheets: SCNP) announces the opening of its new corporate website. Shareholders and other interested parties can view the new website at www.PinkSheetsSCNP.com.

"The new website will greatly enhance our communication with our shareholders, prospective shareholders and our business partners," stated Mr. Lindel Regis, President and CEO of Sunshine Capital, Inc. "We will update the website in a real time fashion with the progress made in implementing our business plan and any events that impact the Company."

Sunshine Capital, Inc. would also like to inform shareholders, that on March 19, 2016, the Company will be holding a special Board meeting to discuss the recommendations made by Advisory Board Member, Daniel J. Duffy.

Such recommendations include: To reduce the total outstanding shares of the Company dramatically, to decrease the authorized share amount of the Company, to place a restrictive "sale lock" agreement with previous Company management, which will ensure the current float of the Company remains at 450,000 shares and many other items Mr. Duffy is recommending Sunshine Capital, Inc. to approve, so it may position itself to acquire a listing on The American Stock Exchange at a much more rapid rate.

D.I.B. Funding, Inc., which currently has controlling interest in Sunshine Capital, Inc., is also pleased to announce that its corporate website is being launched at www.DIBFunding.com.

Forward-Looking Statements:

The private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond control of the company, actual results may differ materially from the expectations expressed in the forward-looking statements.

MEDIA Contact:
Sunshine Capital, Inc.
Lindel Regis
561-877-1747
Lindel.regis@Yahoo.com

*PHOTO: Send2Press.com/mediaboom/16-0308-sunshine-300dpi.jpg

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/sunshine-capital-inc-updates-shareholders-and-announces-the-opening-of-its-new-corporate-website-2016-0308-05.shtml.

NEWS SOURCE Sunshine Capital Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

IDS Celebrates 30th Anniversary in 2016

mortgage documents and compliance

SALT LAKE CITY, Utah, Feb. 25, 2016 (SEND2PRESS NEWSWIRE) -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced the company will celebrate 30 years in business this year. The company plans to celebrate with various promotions and events throughout the year.

"Given the twists and turns the mortgage industry has taken since 1986, we feel truly honored to have served this industry for 30 years," Mark Mackey, CEO of IDS, said. "The theme IDS has chosen to mark this occasion, '30, Sturdy, and Thriving' speaks to both the company's longevity in the mortgage industry and the continued growth we've achieved over the past few years despite market downturns and regulatory challenges."

Major IDS milestones over its 30 years in business include:

* 1986 - IDS, Inc. was founded
* 1994 - Overnight Fax Request Fulfillment
* 1995 - Requests Sent out by Modem
* 1996 - Emailing options for doc delivery
* 1998 - Implementation of the compliance audit system in idsDoc
* 2000 - idsDoc moves to the Web
* 2004 - High-cost checks for all 50 states
* 2009 - Introduction of initial disclosures to idsDoc; addition of in-house fulfillment
* 2011 - Release of eSign platform; RESPA reform implementation
* 2015 - TRID implementation; acquisition by Reynolds & Reynolds.

In keeping with the company philosophy, Mackey added, IDS is giving back to its customers for their 30 years of support by offering rewards, such as gift cards, for participating in various promotions throughout the year.

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 electronic signatures, 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.

More information: http://info.idsdoc.com/ .

Twitter: @idsDoc #mortgage #docprep #compliance

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/ids-celebrates-30th-anniversary-2016-0225-03.shtml.

NEWS SOURCE International Document Services, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Pavaso’s Vice President of Partner Strategies and Government Affairs Elected to Co-Chair MISMO Workgroup

Nancy G. Pratt

PLANO, Texas, Feb. 25, 2016 (SEND2PRESS NEWSWIRE) -- Nancy G. Pratt, vice president of Partner Strategies & Government Affairs at real estate technology company Pavaso, was elected to serve as co-chair of the Mortgage Industry Standards Maintenance Organization (MISMO) eMortgage Workgroup at the organization's Winter Summit in January. The eMortgage Workgroup develops voluntary technical standards and business and technical guidance for the advancement of electronic mortgages and paperless technology in the mortgage industry and also provides general education about the legal framework for the use of eMortgages and related standards.

"I'm elated to serve as part of the MISMO leadership. I've been active with MISMO for quite some time, so when the opportunity to co-chair a group that aligns so well with my endeavor to implement widespread eClosings, I jumped at the chance," Pratt said.

Current projects for the eMortgage Workgroup include an Implementation Guide for SMART Docs(R), a report on warehouse lender interests and concerns with eNotes, and an eMortgage Glossary.

"We have high expectations of everything that we can accomplish with this group and have strict objectives set to ensure that we achieve everything we set forth at the Winter Summit," Pratt added.

Pratt has been in the mortgage/title industry for over 32 years and has over 12 years of experience specifically in the eMortgage/eClosing space. Highlights of her career include industry milestones of performing the first complete eMortgage with lenders and conducting the first ever FHA and VA eClosings.

She has been invited to speak at various Industry Conventions as an eClosing/eMortgage subject expert and is a member of the ALTA Government Affairs, Public Relations, State Regulatory Action and Technology Committee. Pratt is also a member of the MBA MISMO Residential Technology Committee. She is a member of PRIA, MBA, MISMO, ESRA, RESPRO, National eNotarization Board and served on the eMortgage FNMA Innovation Team.

At Pavaso, Pratt manages the firm's strategic partnerships and is responsible in maintaining relationships at the federal and state level, as well as understanding key regulatory issues and laws that pertain to the operations of Pavaso.

About Pavaso:

Pavaso is redefining real estate for the real world by connecting everyone in the real estate lifecycle through powerfully simple innovation. For more information on how our platform and solutions can help you meet TILA-RESPA compliance, digitally transform your organization, and dramatically enhance the consumer experience, call 866-288-7051 or visit http://www.pavaso.com/.

*PHOTO for media: Send2Press.com/mediaboom/16-0225-Nancy-Pratt-300dpi.jpg

*Photo Caption: Nancy Pratt to Co-Chair MISMO Workgroup.

Twitter: @Pavasotweets

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/pavaso-s-vice-president-of-partner-strategies-and-government-affairs-elected-to-co-chair-mismo-workgroup-2016-0225-02.shtml.

NEWS SOURCE Pavaso, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Mid America Mortgage Hires Four Account Executives to Serve California, New Hampshire, Tennessee, Midwest

Mike Tackett

ADDISON, Texas, Feb. 17, 2016 (SEND2PRESS NEWSWIRE) -- Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode announced the firm has hired four new account executives in its wholesale and correspondent lending division.

"It's no secret Mid America is staffing up in anticipation of a stellar and productive 2016," Bode explained. "With our Mid America Concierge marketing service and eMortgage initiative, we are poised to offer both partners and consumers an unparalleled experience."

The new hires are:

Kelly Dahood-Bondra - New Hampshire:
Kelly Dahood-Bondra began her career as a loan processor and possesses 17 years of experience in client service, as well as the operations and sales sides of mortgage banking. She first transitioned from mortgage processing to sales as an account executive with Countrywide Home Loans more than a decade ago. Dahood-Bondra is a member of the Mortgage Bankers Association (MBA).

Susan Eiland - Tennessee:
Susan Eiland is a top producer with more than 20 years of mortgage lending experience in both retail bank and wholesale environments. She began her career at Citizens Bank of Massachusetts, where she grew from an underwriter to Vice President and Loan Center Manager and served as a member of the Presidents Club, an honor reserved for the company's highest-volume lenders. Eiland transitioned from retail to wholesale lending in 2000 as an account executive at Washington Mutual Bank and later went on to work with Bank of America, MetLife Home Loans and EverBank. She has been honored as a top producer throughout her career.

Gene Lanier - California:
Gene Lanier brings to Mid America an intimate understanding of the processes tied to third-party origination, marketing, underwriting, funding, accounting, compliance and profitability. He is a lifelong advocate of the mortgage broker community and believes strongly in providing support for educational programs. Currently serving his second consecutive term as President of the North Los Angeles chapter of the California Association of Mortgage Professionals (CAMP), he is a longtime supporter of the National Association of Mortgage Brokers (NAMB).

Mike Tackett - Midwest (Indiana, Kentucky, Ohio, Michigan):
Mike Tackett has served the mortgage industry for more than 25 years, specializing in the Central U.S. market. His experience includes wholesale, retail and mortgage banking and spans from underwriting FHA loans to supervising a staff of 40 wholesale and correspondent lenders. Tackett is a graduate of the University of Kansas and a past president of the Indianapolis chapter of the Mortgage Bankers Association (MBA).

About Mid America Mortgage, Inc.:

Mid America Mortgage, Inc. is looking for tech-savvy, service-oriented mortgage professionals to join its growing team. We are a multi-state mortgage lender based in Addison, Texas, with branches located across the United States. Mid America offers a wide range of residential home loan programs to meet the needs of most home buyers and homeowners, and we are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit http://www.midamericacareer.com/.

Additional information about Mid America Mortgage, Inc. can be found on the company's website at http://www.midamericamortgage.com/about/.

Twitter: @midamericamtge

*PHOTOS for Media:
(1) Send2Press.com/mediaboom/16-0217-Mike-Tackett-300dpi.jpg
(2) Send2Press.com/mediaboom/16-0217-Kelly-Dahood-300dpi.jpg
(3) Send2Press.com/mediaboom/16-0217-Gene-Lanier-300dpi.jpg

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/mid-america-mortgage-hires-four-account-executives-to-serve-california-new-hampshire-tennessee-midwest-2016-0217-04.shtml.

NEWS SOURCE Mid America Mortgage, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Bank of Southern California Announces Senior Vice President Promotions

community business bank

SAN DIEGO, Calif., Feb. 17, 2016 (SEND2PRESS NEWSWIRE) -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced the promotion of Marie Crivello and Debbie Marshall to Senior Vice President. Ms. Crivello joined Bank of Southern California in 2012 as Vice President, Client Relationship Manager. She has over 16 years of banking and client relationship management experience. Ms. Marshall joined the bank in 2011 as Vice President, Deposit Operations, bringing over 30 years of banking, compliance, and risk management experience to the bank.

Nathan Rogge, President and CEO of the Company, said, "I am pleased to recognize the contributions that both of these professionals have made to further the success of our company. Marie Crivello takes relationship banking to a new level with an unwavering commitment to providing the highest level of service to her clients. She has year-over-year been instrumental in helping the bank organically grow and has continued to be recognized as a top performing relationship manager."

Added Rogge, "Debbie Marshall's role in regulatory compliance and branch operations has continued to grow over the last five years. She was a key contributor in the previous three bank acquisitions and held a primary role in ensuring the success of the bank's core systems conversion in 2015."

About Bank of Southern California:

A growing community business bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed and offers a wide range of financial products to individuals, professionals and small-to-mid sized businesses. The bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with their clients.

The bank currently operates seven offices in San Diego and the Coachella Valley of Riverside County.

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

* Logo for media: Send2Press.com/mediaboom/16-0217-banksocal-300dpi.jpg

REF: OTCQB:BCAL / PinkSheets:BCAL / OTCMKTS:BCAL

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/bank-of-southern-california-announces-senior-vice-president-promotions-2016-0217-02.shtml.

NEWS SOURCE Bank of Southern California N.A. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

DocMagic Unveils New Premium Rep and Warrant Offering Guaranteed TRID Compliance up to $5 Million

mortgage compliance

TORRANCE, Calif., Feb. 16, 2016 (SEND2PRESS NEWSWIRE) -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, today announced the development of an extensive set of new reps and warrants for its calculations, documents and data, which provides peace of mind to lenders when it comes to compliance with the TRID rule.

The greater risk of civil liability under the new TRID disclosure requirements means lenders and investors may face liability for incorrectly completing various sections on the TRID disclosures. With DocMagic's TRID-ready systems and now the Premium Compliance Guarantee, DocMagic has implemented a solution that mitigates lender risk of non-compliance. With the Premium Compliance Guarantee, the Loan Estimate and Closing Disclosure are guaranteed to be accurate and complete.

Additionally, the Premium Compliance Guarantee ensures timely electronic delivery of initial disclosures, compliance with federal and state high cost/HPML laws and accurate document selection logic resulting in compliant loan packages. The Guarantee also ensures that all other compliance and data validation audits will trigger at the appropriate times during the loan process, providing critical warning messages to help lenders stay in compliance with applicable laws.

The offering is backed by a $5 million dollar guarantee (up to $50,000 per loan) and DocMagic customers will enjoy a 36-month claim filing period. Beginning February 15, 2016, all new DocMagic customers will automatically receive the new premium rep and warrant offering. Existing DocMagic customers will be given the opportunity to protect their future loan files for an additional nominal fee.

"Now more than ever, our clients need assurance that they are operating in full compliance at all times," said Dominic Iannitti, president and CEO of DocMagic, Inc. "That is why we invested in developing and integrating the Premium Compliance Guarantee into DocMagic's suite of products, including the TRID-based SmartCLOSE(TM) collaborative closing portal, for every user on every transaction."

Rich Horn, the former CFPB attorney who led the TRID rule making stated, "Long before the initial Aug. 1 TRID effective date, DocMagic's industry-leading compliance, legal and technology teams proved that their systems were fully TRID compliant. This enabled DocMagic to provide an insurance-backed guarantee on their products and services, including TRID disclosures prepared using SmartCLOSE(TM), which speaks volumes about the confidence they have in their solutions."

"With the integration of the Premium Compliance Guarantee into DocMagic's suite of services, significant lender risk is virtually eliminated," asserted Melanie Feliciano, chief legal officer at DocMagic. "DocMagic has developed the most advanced and effective compliance solution in the industry - and we've backed it with a solid guarantee we are proud to offer our clients."

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 1988 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/ .

DocMagic Twitter: @DocMagic https://twitter.com/DocMagic .

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

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/docmagic-unveils-new-premium-rep-and-warrant-offering-guaranteed-trid-compliance-up-to-5-million-2016-0216-02.shtml.

NEWS SOURCE DocMagic, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Generate Secure Payment Link and Have Monies Direct Deposited Into Your Bank

electronic bill payment

DEERFIELD BEACH, Fla., Feb. 11, 2016 (SEND2PRESS NEWSWIRE) -- RedFin (www.redfinpos.com) today announced the launch of a web-based electronic bill payment and presentment (EBPP) platform to its payment gateway. The new platform allows merchants to generate and email secure payment links to customers who can then make payments through a secure payment form and/or make donations online. When done, vendors will receive direct deposit of funds into their bank.

The new EBPP enables users to send and track bills via the integrated dashboard, while allowing customers to remit funds electronically and expedite payment. Links, correspondence, and a secure site are created with a clean, easy-to-use interface reducing both hard and soft costs associated with the billing and collections process. Billing is instantly traceable.

"It's a win/win for merchant and client," says Frank Bocchino, RedFin media representative. "By providing electronic bill presentment and payment, RedFin customers can raise consumer engagement by 30 percent while reducing document delivery costs by 50 percent."

About RedFin:

RedFin POS provides point-of-sale (POS) solutions to all merchant types. RedFin provides PCI-certified, market-ready POS solutions for Mobile Merchants, Hospitality, Wireless, Retail, Transportation, and Enterprise businesses.

RedFin POS provides 24/7/365 Class A support, distribution, wireless activation, billing and fulfillment for third-party products and services. RedFin Holdings services ISO/MSP acquiring companies while managing the RedFin Gateway, and POS terminal/solutions help desk.

More information: http://www.redfinpos.com/.

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/generate-secure-payment-link-and-have-monies-direct-deposited-into-your-bank-2016-0211-01.shtml.

NEWS SOURCE RedFin POS :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

CCMC Inc. Announces New Senior Vice President

information technology

ALTAMONTE SPRINGS, Fla., Feb. 4, 2016 (SEND2PRESS NEWSWIRE) -- CCMC, the leading provider of financial technology integration solutions, announced the appointment of Steven Giannotti as Senior Vice President. Steve will report to President and Chief Executive Officer, Gene Lederer.

Celebrating nearly 22 years of operation, CCMC has appointed Steve as SVP at a time when the company is experiencing significant growth in its core connection technology business lines as well as a rapid expansion into other system integration markets. Steve will oversee a number of areas including Product Management, Marketing, Sales Operations, and Client Care.

"Steve's deep domain expertise in core banking, digital channels, and the ecosystem of industry solutions which integrate with them will help scale CCMC's rapidly growing business while also providing stability and steady growth in the future," stated Gene Lederer, CEO of CCMC.

Commenting on his appointment, Mr. Giannotti said, "I am excited about the opportunity to share my experiences and help grow this business. In an age when it may be too risky to replace older legacy banking systems, a solid integration strategy will alleviate the pain and restore our clients' ability to compete with both peers and challengers in the marketplace - Integration of both data and workflow processes to provide straight through processing is the core competency of CCMC. I am also looking forward to reconnecting with former clients, partners, and colleagues now that I am operating primarily in the U.S. market again."

Steve has over 20 years of experience across the insurance, banking, and bank technology industries. He holds a BS degree in Finance from Bentley University. Before joining CCMC, Steve traveled across the Caribbean, Canada, U.S., and Latin America as the Principal Business Solutions Consultant for the Core Banking and Digital Channels business lines at Misys International Banking Systems, a Vista Equity Partners company. Prior to Misys, Steve held multiple posts at FIS.

About CCMC:

CCMC Inc., established in 1994, provides information technology solutions to over 1,500 financial institutions across the United States. CCMC's Connector technology streamlines operations to create value for our clients. We partner with best in class providers of Lending, CRM, Digital Channels, Payments, and other surround systems to optimize both data transfer and workflow processes between these solutions and all of the major U.S. core banking, credit union, and servicing solutions.

More information: http://www.ccmcinc.com/.

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Media Contact Information:
CCMC Inc.
Michael Thomas
mthomas@ccmcinc.com

Twitter: @ccmcinc

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NEWS SOURCE CCMC Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Titan Offers Trade Transaction Management Services to Mortgage Investors

Mortgage services

DENVER, Colo., Jan. 19, 2016 (SEND2PRESS NEWSWIRE) -- Mortgage services expert Titan Lenders Corp. (Titan) announced it is now offering Trade Transaction Management Services to investors looking to acquire mortgage assets. Through these services, Titan facilitates the administrative tasks and logistical management of acquiring a loan pool. Using its comprehensive mortgage process and compliance foundation, Titan works in collaboration with investors to provide a deeper understanding of the risks the investor is potentially acquiring.

After the investor has opened the bid and issued a Letter of Intent (LOI)/Trade Confirmation, Titan manages the due diligence activity on the loans, scrubs and remediates exceptions related to data and documents, conducts a collateral review, and when possible, works with the seller to cure issues.

"The process of determining the risk of a seasoned loan is quite different from conducting analysis on a freshly originated loan," said Mary Kladde, CEO of Titan. "For investors to accurately gauge risk a loan poses in its current life stage requires an innate understanding of the mortgage process, the underlying data associated with the loan file and the compliance vintage of the loan originated, which has always been Titan's forte."

"In most cases, large investment firms have the capital, but they lack the in-house knowledge or expertise in mortgage asset analysis," said Ruth Lee, CSO and executive vice president at Titan. "Titan offers a turnkey solution to this problem with a software platform and a team of mortgage professionals that are able to steward a trade from initiation to completion."

For more information on Titan's Trade Transaction Management and Servicing Transfer Management services, contact sales@titanlenderscorp.com.

About Titan Lenders Corp.:

Denver-based Titan Lenders Corp. ( http://www.TitanLendersCorp.com/ ) was originally founded to meet the mortgage industry's increasing appetite for a variable cost solution to operational challenges. Today, that mission has expanded to include supporting strategic channel growth for lenders, servicers and investors evolving their businesses in an increasingly complex regulatory environment. As such, Titan's core offerings have expanded to include MERS audit services, data reconciliation, document custody and whole loan purchase review.

Twitter: @TitanLenders #Mortgage

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/titan-offers-trade-transaction-management-services-to-mortgage-investors-2016-0119-04.shtml.

NEWS SOURCE Titan Lenders Corp. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

LeaseAccelerator to Host Webinar on Spend Management for Equipment Leases

Equipment Lease Management Software

GREAT FALLS, Va., Jan. 19, 2016 (SEND2PRESS NEWSWIRE) -- LeaseAccelerator, the leader in Equipment Lease Management Software, announced today that it will host a webinar on Spend Management for Equipment Leases. Drawing upon case studies from Fortune 500 companies, LeaseAccelerator will outline how savings of 6-8 percent can be achieved on leases in categories ranging from transportation and material handling to IT and office equipment.

The webinar is designed for procurement leaders developing their 2016 spend reduction plans and those seeking to re-engineer their equipment lease procurement process in advance of the new lease accounting standards (FASB ASC 842 and IFRS 16).

What: Spend Management for Equipment Leases - Five Best Practices.

Key Topics will include:
- Managing Equipment Leasing as a Spend Category.
- Unbundling Finance from Equipment Negotiations.
- Minimizing Evergreen and End-of-Term Fees.
- Quantifying and Tracking the Savings.
- Evaluating the Business Case.

How: Educational webinar with audience Q&A.

Who: Bob Solomon, CEO of Software Platform Consulting and Michael Keeler, CEO of LeaseAccelerator.

When: Thursday, January 21, 2016 at 1 p.m. Eastern (10 a.m. Pacific).

Where: Sign up for the webinar here: http://elm.leaseaccelerator.com/procurementwebinar.html.

About LeaseAccelerator:

LeaseAccelerator offers the market-leading SaaS solution for Equipment Lease Management (ELM), delivering hard cost savings, compliance, and best practices to large, international lessees. LeaseAccelerator is the only solution that covers the entire enterprise equipment leasing lifecycle, including: Equipment Lease Sourcing, saving 6-8 percent by driving down capital costs; Portfolio and Performance Management, saving 8-12 percent by improving end-of-term return performance; and Lease Accounting, enabling compliance with current and new FASB, IFRS, and SOX standards. Learn more at http://www.leaseaccelerator.com/.

Through LeaseAccelerator's Equipment Lease Sourcing marketplace, customers can access The Global Lessor Network (GLN), a community of more than 500 lessors around the world who compete to win our customers' business. Using the GLN, global companies with a need for in-country leasing expertise and financing can identify and transact with local lessors. LeaseAccelerator supports transactions in 50 countries, spanning a wide variety of asset types and deal sizes. Lessors are encouraged to register at http://www.lessornetwork.com/.

Media Contact: Max Leitenberger, Buttonwood Communications Group, 914-434-5725, Maxl[at]buttonwood.com.

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Twitter: @LeaseAccelerate

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/leaseaccelerator-to-host-webinar-on-spend-management-for-equipment-leases-2016-0119-02.shtml.

NEWS SOURCE LeaseAccelerator :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Bank of Southern California Announces Ticker Symbol Change to BCAL

California bank

SAN DIEGO, Calif., Jan. 7, 2016 (SEND2PRESS NEWSWIRE) -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), announced today that FINRA has approved a change in the Company's stock symbol. As of Monday, December 21, 2015 the new trading symbol for Bank of Southern California is BCAL. The former symbol, FBBN is no longer valid.

Nathan Rogge, President and CEO of the Company, said, "We are pleased to commence trading under the BCAL symbol which aligns our stock symbol more closely to our name. In June 2010, the bank changed its name to Bank of Southern California as the company refined its branding strategy and vision of becoming the best community business bank in Southern California. We are now one of the few remaining locally owned, community business banks headquartered in San Diego that focuses on meeting the needs of small to mid-sized businesses and professionals."

Rogge added that there have been no significant changes in the bank's local ownership, management or operations as a result of the change.

About Bank of Southern California:

A growing community business bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed and offers a wide range of financial products to individuals, professionals and small-to-mid sized businesses.

The bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with their clients. The bank currently operates seven offices in San Diego and Riverside County.

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

REF: OTCQB:BCAL / PinkSheets:BCAL

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/bank-of-southern-california-announces-ticker-symbol-change-to-bcal-2016-0107-02.shtml.

NEWS SOURCE Bank of Southern California N.A. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Mid America Mortgage Seeks TRID Scratch and Dent Mortgage Loans for Potential Purchase

TRID loans

ADDISON, Texas, Dec. 22, 2015 (SEND2PRESS NEWSWIRE) -- Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode announced the firm's interest in purchasing Scratch & Dent loans with TILA-RESPA Integrated Disclosure (TRID) infractions, even if a previous investor has rejected the loan for purchase.

"With TRID now in effect for two months, loans with the new disclosures have begun making their way to investors and been rejected for purchase due to minor TRID infractions to more significant errors. It is to be expected, with a change this voluminous, to have errors during the first months of loans," Bode explained. "While the industry has diligently striven to have systems in place, training delivered, and testing fully vetted, errors cannot be completely avoided."

"Mid America feels confident in its ability to cure these defects while providing lenders with an outlet for investor-rejected TRID loans," he added.

Examples of defects include:
* Disclosure timing outside of required timelines
* Missing NMLS information
* Missing real estate broker information
* Extraneous logos on the Loan Estimate (LE) or Closing Disclosure (CD)
* Title fees missing and/or not including "Title" before the fee name
* CD showing property address as borrower current address on a purchase.

To have your loan with TRID infractions considered for purchase by Mid America Mortgage, contact Richard Glover, managing director of whole loan sales, at 817-735-1071 or richard.glover@midamericamortgage.com.

About Mid America:
Additional information about Mid America Mortgage, Inc. can be found on the company's website at http://www.midamericamortgage.com/about/.

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Twitter: @midamericamtge #TRID

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/mid-america-mortgage-seeks-trid-scratch-and-dent-mortgage-loans-for-potential-purchase-2015-1222-01.shtml.

NEWS SOURCE Mid America Mortgage, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.

ReverseVision Offers Lenders and REALTORS a Reverse Mortgage Education Track at Jan. 2016 User Conference in San Diego

Reverse Mortgage Facts

SAN DIEGO, Calif., Dec. 21, 2015 (SEND2PRESS NEWSWIRE) -- ReverseVision, Inc. (www.reversevision.com), today announced that mortgage lenders, bankers and REALTORS(R) interested in learning why offering reverse mortgages in their lending portfolio allows them to better serve consumers are invited to attend a "Reverse Mortgage Facts" track at its inaugural User Conference 2016 in San Diego January 20 - 22 at the Sheraton San Diego Hotel & Marina.

For ReverseVision RV Exchange(TM) users, User Con 2016 will feature general sessions and career tracks for reverse mortgage executives, loan officers, account executives, and administrators. The event will also feature sessions focused on forging relationships with Financial Planners, advertising and the CFPB, how TRID has impacted the reverse industry and more.

The "Reverse Mortgage Facts" track is an opportunity for both mortgage lenders and REALTORS to learn how HECM loans can be a safe, secure option for building their business by responsibly serving consumers in retirement or considering retirement lifestyle options. Included in the track will be an overview of the Home Equity Conversion Mortgage (HECM), the most common reverse mortgage product, created during the Reagan Administration and significantly restructured in the last two years. In addition, attendees will learn how reverse mortgages can help meet the needs of consumers by serving them where they are in life and retain them-and possibly their children-as "customers for life." Leading financial planners will explain HECMs as a valuable retirement tool and demonstrate the ability to accurately model cash flow scenarios that show retirees the best possible outcome for their financial future.

"If you are in the business of helping consumers make well-rounded decisions about how they buy a home or leverage home equity work after age 62, you need to learn from experts how reverse mortgages really work and impact the lives of consumers," said Wendy Peel, VP of Sales & Marketing at ReverseVision. "Since the HECM was created to serve this demographic in a specific way by allowing the home equity asset to be properly leveraged in retirement, it is important to be able to accurately discuss the option with consumers."

As home values continue to recover and interest rates rise in 2016, homeowners can once again be expected to factor home equity options in their financial decision making. Lenders, banks, credit unions and REALTORS will be able to improve their mortgage loan customer service and competitiveness by investing in education on home equity product options.

Early registration for "Reverse Mortgage Facts" is $249 until December 31, 2015.

To learn more about ReverseVision User Con 2016, visit the event website and to check-out this newly added track's schedule click on the blue "Reverse Mortgage Facts Track" button: http://www.reversevision.com/rv-user-con/ .

About ReverseVision:

Recognized as a Deloitte's 2015 Technology Fast 500(TM) Company, ReverseVision, Inc. ( http://reversevision.com/ ) is the leading software and technology provider for the reverse mortgage industry offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision's RV Exchange platform than all other systems combined. ReverseVision has partnered with some of the finest and fastest growing lending organizations in the U.S. to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors. ReverseVision is recognized as a driving innovator in the reverse mortgage industry. ReverseVision continues to improve their software with frequent new innovations building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.

Twitter: @ReverseVision #HECM #reversemortgage #realtors

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/reversevision-offers-lenders-and-realtors-a-reverse-mortgage-education-track-at-jan-20-22-2016-user-conference-in-san-diego-2015-1221-02.shtml.

NEWS SOURCE ReverseVision, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.

Mid America Mortgage Offers Marketing Tools to Partners through Mid America Concierge Service

Mid America Concierge

ADDISON, Texas, Dec. 9, 2015 (SEND2PRESS NEWSWIRE) -- Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode announced the firm has developed Mid America Concierge, an online marketing support portal for its strategic business partners, including real estate agents and brokers.

The portal provides Mid America's partners with access to marketing and promotional materials, in addition to services for lead generation, social media marketing, customer relationship management (CRM) and more.

"Mid America's partners are a critical component to our success," Bode said. "Whether its using Mid America's affiliated LOS Mortgage Machine or the best-of-breed services available through Mid America Concierge, we want to ensure our partners have the absolute best technology and services available to execute at the highest level possible."

To make the available services more affordable, Mid America offers incentives for partners to promote their work with Mid America through credits and discounts for services on the site.

"Providing value, whether its to borrowers or our partners, is one of the cornerstones of Mid America's philosophy, and we want to make it both easy and beneficial for our partners to access the services available through Mid America Concierge," Bode added. "Something as simple as taking a photo at closing can translate into big savings on services, which helps our partners grow their business while supporting Mid America. It's truly a win-win for everyone."

To learn more about Mid America Concierge, visit http://www.midamericaconcierge.com/.

About Mid America:

Additional information about Mid America Mortgage, Inc. can be found on the company's website at http://www.midamericamortgage.com/about/.

Twitter: @midamericamtge

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To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/mid-america-mortgage-offers-marketing-tools-to-partners-through-mid-america-concierge-service-2015-1209-03.shtml.

NEWS SOURCE Mid America Mortgage, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.

Arkansas Mortgage Banker of The Year Announced at Fall Conference

Asa Hutchinson

LITTLE ROCK, Ark., Nov. 24, 2015 (SEND2PRESS NEWSWIRE) -- The Mortgage Bankers Association of Arkansas (MBAA) kicked off its annual Fall Conference with a dinner at the Little Rocks Arts Center. Arkansas Governor, Asa Hutchinson welcomed the crowd of over 100 attendees.

The top 5 nominees for the Mortgage Banker of the Year were: Keith Smith of Regions Bank, Gene Holman of Bank of the Ozarks, Mike Milner of First Security Mortgage, Tricia Depeel of First Western Mortgage, and Mark Rydel of First Security Bank.

The award went to Mike Milner. Mr. Milner is the Senior Vice President at First Security Mortgage in charge of mortgage originations statewide. Mr. Milner is a former President of MBAA and served on its board for many years. He has served locally on the board of the Faulkner County Home Builders Association and as an active associate supporter of the Faulkner County Board of REALTORS.

Incorporated in 1959, the MBAA's objective is to encourage sound business practices in the making, marketing and servicing of real estate mortgage loans. This is accomplished through: educating and training industry professionals; providing networking opportunities: developing open and fair standards and practices for the industry; and representing the industry's voice on legislative and regulatory issues.

If you would like more information about the MBAA, please visit: http://www.arkansasmba.org/.

* Photo Caption: Ryan Atkins, MBAA President - Governor Asa Hutchinson - Bucky Houser, MBAA Vice President

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NEWS SOURCE Mortgage Bankers Association of Arkansas :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.