Finance News – including banking, insurance, mortgage lenders, risk management, public companies, funding and investment services, and related financial news from the Send2Press Newswire service.
| From: TeamSnap
BOULDER, Colo., May 26, 2020 (SEND2PRESS NEWSWIRE) — TeamSnap, the leader in sport management technology, announced today a $5.5 million convertible notes financing led by Foundry Group and Bolt Ventures. The funding comes as TeamSnap prepares for sports activities to return after the global shutdown.
| From: ARMCO ACES Risk Management
DENVER, Colo., May 26, 2020 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the lending industry, announced the launch of QC NOW, a web series covering current regulatory and operational changes related to quality control, compliance and risk for independent mortgage lenders, banks and credit unions.
| From: NotaryCam Inc.
NEWPORT BEACH, Calif., May 22, 2020 (SEND2PRESS NEWSWIRE) — NotaryCam, the pioneering leader in online notarization and original provider of mortgage eClosing solutions, today announced that it would once again offer free remote online notarization (RON) sessions to United States veterans and current service members over the Memorial Day holiday weekend as part of its semi-annual “Help a Hero” initiative.
| From: Strategic Capital
LOS ANGELES, Calif. and NEW YORK, N.Y., May 22, 2020 (SEND2PRESS NEWSWIRE) — Strategic Capital has launched a new website. With this newly revamped web presence, they give people the opportunity to learn more about how they can maximize payout options for structured settlements, lottery winnings, casino winnings, and more.
| From: Lowden Street Capital
ALEXANDER CITY, Ala., May 21, 2020 (SEND2PRESS NEWSWIRE) — Lowden Street Capital, a private equity firm focused on rural market investing, acquired Southern Air Custom Interiors, Inc., an upholstery company out of Haleyville, Ala. that focuses on custom aircraft interiors, on April 30, 2020.
| From: SROA Capital LLC
WEST PALM BEACH, Fla., May 20, 2020 (SEND2PRESS NEWSWIRE) — SROA Capital, LLC (“SROA”), a West Palm Beach-based vertically-integrated real estate investment management firm with $1 billion of assets under management and owner/operator of Storage Rentals of America, announced today that it has paid its first quarter distribution.
| From: LBA Ware
MACON, Ga., May 20, 2020 (SEND2PRESS NEWSWIRE) — LBA Ware, a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, today released the findings of a cost-benefit analysis quantifying one mortgage lender’s expected return on investment after implementing CompenSafe.
| From: Global DMS
LANSDALE, Pa., May 19, 2020 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of cloud-based appraisal management software, announced that it has launched a new Compliance Guarantee Program for those that utilize its EVO-Res appraisal management platform, which covers all fines in the event that a client is found out of compliance, but is using the software’s Best Practice Configuration.
| From: ARMCO ACES Risk Management
DENVER, Colo., May 19, 2020 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the lending industry, announced several major enhancements to its ACES Audit Technology platform to aid lenders’ loan defect categorization and post-closing quality control efforts.
| From: SimpleNexus
LEHI, Utah, May 19, 2020 (SEND2PRESS NEWSWIRE) — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced the release of the SimpleNexus Closing Portal, a new feature that enables lenders to securely collaborate with settlement service providers for streamlined closing package delivery and will pave the way for hybrid mortgage closings.
| From: Top of Mind Networks
ATLANTA, Ga., May 19, 2020 (SEND2PRESS NEWSWIRE) — Top of Mind Networks (Top of Mind), a leader in customer relationship management (CRM) and marketing automation software for the mortgage lending industry, has hired veteran business-to-business sales leader Nick Belenky as executive vice president of sales. In this role, Belenky will direct Top of Mind’s sales operations with a focus on client success and new customer acquisition.
| From: Maxwell Financial
DENVER, Colo., May 19, 2020 (SEND2PRESS NEWSWIRE) — Digital mortgage provider Maxwell today announced a new way for small and midsize lenders to scale processing capacity to meet market needs through the launch of the Maxwell Fulfillment Platform.
| From: Video Display Corporation
COCOA, Fla., May 18, 2020 (SEND2PRESS NEWSWIRE) — Video Display Corporation (OTC:VIDE) is pleased to announce that its VDC Display Systems subsidiary has been awarded a significant contract by a major US defense contractor for the delivery of its next generation Multi Mission Display (MMD) rugged display line.
| From: NEXT Mortgage Events LLC
EDMOND, Okla., May 15, 2020 (SEND2PRESS NEWSWIRE) — NEXT Mortgage Events LLC (NEXT™), creator of NEXT women’s executive mortgage summit and NEXTMortgageNews.com, has announced that it has added two key positions to support the expansion of its digital footprint.
| From: Sturbridge Growth Partners
MEDFIELD, Mass., May 14, 2020 (SEND2PRESS NEWSWIRE) — Sturbridge Growth Partners, a boutique management consulting firm dedicated to driving profitable growth for clients through innovative approaches to pricing and value management, announced today that Tom Nagle has joined the company as an Advisory Partner.
| From: BWC Capital
GREENSBORO, N.C., May 14, 2020 (SEND2PRESS NEWSWIRE) — Black-owned North Carolina-based investment firm, BWC Capital secured a Payroll Protection Program (PPP) forgivable small business loan during the first round of available funds several weeks ago.
| From: ARMCO ACES Risk Management
DENVER, Colo., May 13, 2020 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the lending industry, announced the release of ACESXPRESS for Early Payment Defaults (EPDs) to bolster lenders’ existing audit programs in light of the recent increases in required monthly EPD audit volume.
| From: Top of Mind Networks
ATLANTA, Ga., May 12, 2020 (SEND2PRESS NEWSWIRE) — Top of Mind Networks (Top of Mind), a leader in customer relationship management (CRM) and marketing automation software for the mortgage lending industry, was recognized with four platinum and four gold awards for outstanding corporate marketing in the 2020 Hermes Creative Awards.
| From: Maxwell Financial
DENVER, Colo., May 12, 2020 (SEND2PRESS NEWSWIRE) — Digital mortgage leader Maxwell has announced Altavera Mortgage Services founder and former CEO Brian Simons has joined the company as president. Simons comes to Maxwell with 23 years of experience in the mortgage industry, including capital markets, loan origination and default management.
| From: OpenClose
WEST PALM BEACH, Fla., May 12, 2020 (SEND2PRESS NEWSWIRE) — OpenClose the industry-leading omni-channel loan origination system (LOS) and digital mortgage fintech provider, announced that it received PROGRESS in Lending Association’s 2020 Innovation Award for its “truly game-changing solutions in the mortgage space.”
| From: Bank of Southern California NA
SAN DIEGO, Calif., May 11, 2020 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, announced today that it has funded more than $487.8 million in Paycheck Protection Program (PPP) loans. These results, as of 9:30 p.m. PDT on May 7, 2020, provided 1,940 local businesses affected by the Coronavirus (COVID-19) with critical financing to retain or restore jobs for 51,523 individuals.
| From: KROST CPAs and Consultants
LOS ANGELES, Calif., May 11, 2020 (SEND2PRESS NEWSWIRE) — Los Angeles-based firm, KROST CPAs & Consultants, has launched several programs to assist businesses during the Coronavirus pandemic. Since April 2020, the firm has assisted hundreds of businesses and individuals through the development of COVID-19 resources.
| From: Global DMS
LANSDALE, Pa., May 7, 2020 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of cloud-based appraisal management software, announced that it has integrated its eTrac valuation management platform with ProxyPics – a patented, secure mobile app that provides a method of facilitating the delivery of photographs of a subject property when access to the property is unavailable.
| From: Klingenstein Fields Wealth Advisors
NEW YORK, N.Y., May 6, 2020 (SEND2PRESS NEWSWIRE) — Klingenstein Fields Wealth Advisors (KFWA), a wealth management firm with approximately $4 billion in assets under management, is pleased to announce that Andrew Crofton has joined the firm as a Managing Director.
| From: EnergyCAP Inc
STATE COLLEGE, Pa., May 6, 2020 (SEND2PRESS NEWSWIRE) — EnergyCAP, Inc. (ECI) has been named to Inc. Magazine’s annual list of the Best Workplaces for 2020 that will hit newsstands May 12, and is the result of a wide-ranging and comprehensive measurement of private American companies that have created exceptional workplaces through vibrant cultures, deep employee engagement, and stellar benefits.
| From: Top of Mind Networks
ATLANTA, Ga., May 5, 2020 (SEND2PRESS NEWSWIRE) — Top of Mind Networks, a leader in customer relationship management (CRM) and marketing automation software for the mortgage lending industry, today announced enhancements to its “Client for Life” Workflow. Available to users of SurefireCRM, the Client for Life Workflow helps lenders protect market share by creating over 100 distinct opportunities to stay connected with borrowers over a five-year period.
| From: Bank of Southern California NA
SAN DIEGO, Calif., May 5, 2020 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the first quarter ended March 31, 2020. Total assets increased to $852 million at March 31, 2020, up from $830 million in the prior quarter and an increase of 10.8% compared to March 31, 2019.
| From: Certain Lending
SAN FRANCISCO, Calif., May 4, 2020 (SEND2PRESS NEWSWIRE) — Certain Lending released a national survey of real estate investors. A majority of real estate investors expect COVID-19 will cause home prices to decline up to 20%. The survey of 569 real estate investors across the U.S., conducted between April 20 and 24, is the first of its kind.
| From: International Document Services Inc.
SALT LAKE CITY, Utah, May 4, 2020 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has expanded the capabilities of its eClose platform to include eNotes. Recently branded as Solitude Solution, the platform’s eClosing capabilities allow lenders and borrowers to execute loans digitally.
| From: Paragon Insurance Holdings LLC
NEW YORK, N.Y., May 4, 2020 (SEND2PRESS NEWSWIRE) — Paragon Insurance Holdings, LLC, headquartered in Avon, Connecticut, a national MGA, announced today that it has closed on the purchase of Trident Public Risk Solutions (TPRS). Acquired from Argo Group (Argo), the transaction positions Paragon as one of the largest providers of commercial insurance coverage for public entities in the U.S.
| From: Bank of Southern California NA
SAN DIEGO and RANCHO SANTA MARGARITA, Calif., April 29, 2020 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW), today announced that they have renegotiated the terms of their merger and have agreed to amend the initial Definitive Agreement announced on October 21, 2019 following shareholder meetings held on April 22, 2020.
| From: EPIC Insurance Brokers and Consultants
NEW YORK, N.Y., April 27, 2020 (SEND2PRESS NEWSWIRE) — Vanbridge, an EPIC company, an insurance intermediary and program management firm, published its second edition of its U.S. Representations and Warranties Insurance (R&W) Market Review today. This edition evaluates and summarizes domestic R&W data for the years 2017, 2018 and 2019.
| From: ARMCO ACES Risk Management
DENVER, Colo., April 22, 2020 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the lending industry, announced the official release of ACES Consumer, the next iteration of its ACES Audit Technology platform designed specifically for financial institutions.
| From: iQ International AG
SCOTTSDALE, Ariz., April 22, 2020 (SEND2PRESS NEWSWIRE) — iQ International AG (ISIN CH0451424300 / WKN A2PAA5 / Symbol IQL), a multinational Sustainable Technologies company publicly traded on the Regulated Market of the Frankfurt Stock Exchange with its global head office in Zug, Switzerland and North American headquarters in Scottsdale, Arizona, is adding three industry leaders to its Advisory Board to assist the Company in its expansion plans.
| From: FormFree
ATHENS, Ga., April 21, 2020 (SEND2PRESS NEWSWIRE) — FormFree today announced a partnership with Ocrolus, a leading fintech infrastructure company that transforms documents into actionable data with over 99% accuracy. (*UPDATED*)
| From: SimpleNexus
LEHI, Utah, April 21, 2020 (SEND2PRESS NEWSWIRE) — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced that more than two million consumers have downloaded its award-winning mobile app.
| From: Anow
RED DEER, Alberta, April 21, 2020 (SEND2PRESS NEWSWIRE) — Everyone has been economically impacted by COVID-19 in one way or another and property appraisers are no exception. However, Anow, an appraisal management software developer, is excited to announce the launch of Anow Walkthrough a sophisticated, but straightforward homeowner inspection product.
| From: LBA Ware
MACON, Ga., April 17, 2020 (SEND2PRESS NEWSWIRE) — LBA Ware, a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, today released summary statistics on the state of mortgage industry compensation in the first quarter of 2020.
| From: Top of Mind Networks
ATLANTA, Ga., April 16, 2020 (SEND2PRESS NEWSWIRE) — Top of Mind Networks (Top of Mind), a leader in customer relationship management (CRM) and marketing automation software for the mortgage lending industry, today announced it has launched PartnerNetwork, a Real Estate Settlement Procedures Act (RESPA) solution that makes it easy for lenders and referral partners to co-brand marketing collateral with control and confidence.
| From: Global DMS
LANSDALE, Pa., April 14, 2020 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of cloud-based appraisal management software, announced that it has been selected by PROGRESS in Lending for its “Innovations Award,” which recognizes companies that have come together to create something truly game-changing for the mortgage space.
