Finance News

Finance News – including banking, insurance, mortgage lenders, risk management, public companies, funding and investment services, and related financial news from the Send2Press Newswire service.


New SimpleNexus eClosing feature enables mortgage lenders to conduct speedy and convenient hybrid closings of purchase and refinance loans

LEHI, Utah, Aug. 6, 2020 (SEND2PRESS NEWSWIRE) — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced the release of SimpleNexus eClosing, a new feature that enables lenders to conduct hybrid closings for purchase and refinance loans.

Velocity Credit Union gives members free access to their FICO® Scores

AUSTIN, Texas, Aug. 5, 2020 (SEND2PRESS NEWSWIRE) — Velocity Credit Union credit card holders can now access their FICO Scores at no charge through monthly statements and online banking. FICO Scores will be refreshed on a quarterly basis and checking them will not affect credit ratings.

MCT Fortifies Its Team of Mortgage Industry Leaders Before 2020 Market Volatility

SAN DIEGO, Calif., Aug. 5, 2020 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it appointed two mortgage industry veterans in early 2020 which strengthen its support to the capital markets community during the worldwide pandemic and associated financial turbulence.

Mid America Mortgage’s Kara Lamphere Named 2020 HW Woman of Influence

ADDISON, Texas, Aug. 5, 2020 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced today that Chief Operating Officer Kara Lamphere has been named a 2020 HousingWire Woman of Influence. A two-time winner (2017), Lamphere was recognized this year for her continued efforts to push the envelope regarding what is possible for lenders in today’s origination environment.

SimpleNexus’ Pamela Faulkner and Anna Ratanawan Named to HousingWire’s 2020 Women of Influence List

LEHI, Utah, Aug. 4, 2020 (SEND2PRESS NEWSWIRE) — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced that Director of Mortgage Solutions Pam Faulkner and Vice President of People Operations Anna Ratanawan have been named 2020 HousingWire (HW) Women of Influence honorees.

FormFree Head of Vendor Management and Compliance Katie King Honored as HousingWire 2020 Women of Influence

ATHENS, Ga., Aug. 3, 2020 (SEND2PRESS NEWSWIRE) — FormFree Head of Vendor Management and Compliance Katie King has been recognized by HousingWire (HW) as a 2020 Woman of Influence. In its tenth year, the Women of Influence awards program honors 100 women who are “shaping and propelling the mortgage, real estate and fintech industries forward.”

OpenClose Integration with Access Business Technologies Provides Faster Exchange of Loan Data Between LOS and Third-Party Systems

WEST PALM BEACH, Fla., July 31, 2020 (SEND2PRESS NEWSWIRE) — OpenClose®, the industry-leading mortgage fintech provider and omni-channel loan origination system (LOS), announced that it integrated with Access Business Technologies’ (ABT) MortgageExchange interface solution.

Expetitle, a digital title company, has completed a $850,000 fundraising round

MIAMI, Fla., July 30, 2020 (SEND2PRESS NEWSWIRE) — Expetitle, a digital title company and a leader in remote real estate closings, announced today it has completed a $850,000 fundraising round. The investment brings Expetitle’s total funding to over $1 million and will help the company aggressively expand its sales and marketing efforts, as well as to continue to develop additional product functionality.

The Alliven Group Names Yehuda Newman as Vice President of Acquisitions

LAKEWOOD, N.J., July 29, 2020 (SEND2PRESS NEWSWIRE) — The Alliven Group, a leading New Jersey-based real estate firm, has announced the arrival of Yehuda Newman as Vice President of Acquisitions. Mr. Newman will be focusing on all aspects of new transactions with Joint Venture partners.

FormFree Taps Jocelyn Crum Brooks, AMP, as National Account Manager

ATHENS, Ga., July 28, 2020 (SEND2PRESS NEWSWIRE) — FormFree has appointed Jocelyn Crum Brooks, AMP, as national account manager. Brooks will leverage her two decades’ experience supporting lender relationships with the Federal Home Loan Mortgage Corporation (Freddie Mac) to build new customer relationships and strengthen existing customer engagement with FormFree’s flagship products, AccountChek and AccountChek Plus.

Top of Mind Networks partners with MobilityRE to fuel mortgage loan officer/real estate agent collaboration through SurefireCRM

ATLANTA, Ga., July 28, 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 added game-changing real estate market intelligence, collaboration and analytics tools from MobilityRE to its flagship SurefireCRM.

Arvest Bank to roll out SimpleNexus mobile-first mortgage platform

LEHI, Utah, July 28, 2020 (SEND2PRESS NEWSWIRE) — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced that more than 200 retail loan officers at Arvest Bank (Arvest) will soon begin offering borrowers and referral partners a more streamlined mortgage experience powered by SimpleNexus.

Independent Bankers Association of Texas Announces Promontory MortgagePath as Its Newest Endorsed Service Provider

AUSTIN, Texas, July 27, 2020 (SEND2PRESS NEWSWIRE) — The Independent Bankers Association of Texas (IBAT) is pleased to announce that Promontory MortgagePath, LLC (PMP) has been selected as the newest IBAT Endorsed Service Provider for its ability to deliver a tailored, modern and cost-effective set of mortgage solutions.

LBA Ware Issues Q2 2020 Mortgage Loan Originator Compensation Report

MACON, Ga., July 23, 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 second quarter of 2020.

New UniConverter v12 with Powerful Media Convert Feature Upgrade

SHENZHEN, China, July 22, 2020 (SEND2PRESS NEWSWIRE) — On July 08, 2020, Wondershare (SHE: 300624) launched UniConverter v12 to hit the market. The latest version has an overhauled navigation bar-based interface and claims to offer drastically improved performance of the ‘Video Converter’ tool.

Valligent Technologies Hires Walter Allen as EVP of Digital Transformation

ROSEVILLE, Calif., July 22, 2020 (SEND2PRESS NEWSWIRE) — Valligent Technologies (Valligent), the mortgage industry’s residential valuation technology trendsetter, announced today that it has hired Walter Allen as executive vice president of digital transformation.

DocMagic and Simplifile Team to Advance eClosing Adoption, eNotarizations, and eRecordings

TORRANCE, Calif., July 22, 2020 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced it has partnered with leading real estate document collaboration and recording technology provider Simplifile to deliver new process efficiencies that further digitize the closing process.

Enhanced integration between SimpleNexus and Top of Mind’s SurefireCRM helps mortgage lenders curb abandoned applications, build books of business

ATLANTA, Ga., July 21, 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 added two-way data sync to its integration with digital mortgage app SimpleNexus.

MortgageCountry Perfects the eClosing Process – Goes Live with DocMagic’s Custom-Configured Total eClose™ Solution and Dynamic Document Preparation Service

TORRANCE, Calif., July 16, 2020 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that MortgageCountry, a newly formed mortgage banker, has implemented its Total eClose platform and dynamic document preparation service.

Promontory MortgagePath Expands Operations with Addition of Mortgage Fulfillment Center in Denver

DANBURY, Conn., July 15, 2020 (SEND2PRESS NEWSWIRE) — Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today that it has opened a new fulfillment center in Denver. The new fulfillment center will allow Promontory MortgagePath to expand its operations in the western United States while maintaining the high level of service its clients are accustomed to receiving.

IDS’ Tamara Olsen Honored By NEXT Mortgage Events’ Powerhouse Award

SALT LAKE CITY, Utah, July 15, 2020 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced that Customer Service Representative Tamara Olsen has been named to the NEXT Mortgage Events’ (NEXT) inaugural Powerhouse Awards list.

Don Baham accepted into invitation-only Forbes Technology Council

NASHVILLE, Tenn., July 9, 2020 (SEND2PRESS NEWSWIRE) — Don Baham, President of Kraft Technology Group, LLC (KTG), has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives.

SimpleNexus launches ConnectUs Chat to facilitate real-time loan file collaboration between loan teams, borrowers and real estate agents

LEHI, Utah, July 8, 2020 (SEND2PRESS NEWSWIRE) — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced the release of SimpleNexus ConnectUs Chat, a messaging feature that enables real-time loan file collaboration.

Patent Bots LLC Releases New Legal Rankings for Tracking Patent Quality

SOMERVILLE, Mass., July 8, 2020 (SEND2PRESS NEWSWIRE) — Patent Bots today announced its Patent Law Firm Quality Scores, a new ranking of 802 U.S. patent law firms with at least 50 issued patents for the year ending March 31, 2020. Patent Bots downloaded 310,842 publicly available patents from the United States Patent and Trademark Office and then used the company’s AI-powered, automated patent proofreading tool to count the number of errors in each issued patent.

LBA Ware Taps Data and Analytics Product Expert Brian Jordan as Director of Product Management

MACON, Ga., July 8, 2020 (SEND2PRESS NEWSWIRE) — LBA Ware, a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, has tapped financial data and analytics industry expert Brian Jordan as director of product management. Jordan was hired to enhance and expand LimeGear, LBA Ware’s recently launched turnkey business intelligence (BI) platform.

Sasha Baluka Promoted to Partner at Bessolo Haworth, a Leading West Coast Tax, Accounting and Business Advisory Firm

SHERMAN OAKS, Calif. and GIG HARBOR, Wash., July 8, 2020 (SEND2PRESS NEWSWIRE) — Bessolo Haworth, a leading West Coast tax, accounting and business advisory firm, announces the promotion of Sasha Baluka to partner. Baluka will continue to manage some of the firm’s largest clients and will now also work with the firm’s partners to manage and lead the organization.

NotaryCam CEO Rick Triola Praises ALTA, MBA and NAR for Issuing Model RON Executive Order

NEWPORT BEACH, Calif., July 7, 2020 (SEND2PRESS NEWSWIRE) — NotaryCam Founder and CEO Rick Triola today hailed the efforts of the American Land Title Association (ALTA), Mortgage Bankers Association (MBA) and National Association of Realtors (NAR) to provide guidance and standardization for states seeking to temporarily authorize the use of remote online notarization (RON) for real estate closings.

IDS Applauds Mortgage, Real Estate Industry Trade Groups for Their Development of Draft Model Remote Online Notarization Executive Order

SALT LAKE CITY, Utah, July 7, 2020 (SEND2PRESS NEWSWIRE) — IDS Vice President and General Manager Mark Mackey today commended the Mortgage Bankers Association (MBA), American Land Title Association (ALTA) and National Association of Realtors (NAR) for the groups’ development of a draft model remote online notarization (RON) executive order to bring consistency to the various temporary measures non-RON-approved states have issued as a result of the COVID-19 pandemic.

ARMCO Executive to Co-Host QC Webinar through MBA’s Education Department

DENVER, Colo., July 6, 2020 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced that Executive Vice President of Operations, Sharon Reichhardt will share her expertise on loan quality and risk management during an upcoming webinar sponsored by the Mortgage Bankers Association (MBA)

Hank Metzger is Top Refinance Originator at American Financing Corporation

AURORA, Colo., July 2, 2020 (SEND2PRESS NEWSWIRE) — Hank Metzger of American Financing Corporation is excited to announce that Scotsman Guide ranked him number four refinance originator in 2019. Metzger’s impressive roster of refinance loans closed tallied 914.

Top Housing Officials and Execs to Speak At #NEXTDC20

EDMOND, Okla. and WASHINGTON, D.C., July 2, 2020 (SEND2PRESS NEWSWIRE) — NEXT Mortgage Events, LLC (NEXT) and Housing Finance Strategies have announced an all-star lineup of Washington and housing industry luminaries that are confirmed to speak at #NEXTDC20, a virtual executive summit that will take place on November 10, 2020.

IDmission Completes ISO Compliance Testing for Proprietary Biometric Technologies and Presentation Attack Detection

BOULDER, Colo., June 30, 2020 (SEND2PRESS NEWSWIRE) — IDmission, LLC, a global leader in biometric and AI technology that reduces risk associated with false identities today announced that it has met the International Organization for Standardization (ISO) requirements for ISO/IEC 30107-3.

SimpleNexus and Optimal Blue enhance integration to deliver fully integrated mobile rate-locking solution

LEHI, Utah, June 30, 2020 (SEND2PRESS NEWSWIRE) — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced significant enhancements to its integration with Optimal Blue, the leading provider of secondary marketing solutions and data services in the mortgage industry.

RMA Presents Long-term Strategic Finance Action Plan for North Miami Beach

NORTH MIAMI BEACH, Fla., June 29, 2020 (SEND2PRESS NEWSWIRE) — RMA presented their combined 5-Year Strategic Finance Plan and Action Plan for the City of North Miami Beach to the CRA Board on Thursday, June 25. The award-winning consulting firm developed a clear and concise roadmap to prioritize and guide redevelopment in the CRA area. This plan was unanimously approved by the Board.

IDS Expands Settlement Agent Roles in Solitude Solution

SALT LAKE CITY, Utah, June 24, 2020 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has updated and expanded several features within its eClose platform Solitude Solution to streamline the closing ceremony and better support the settlement agent’s role in the closing process.

Expert DOJO Invests $1.2 Million in Diverse Startups this June

SANTA MONICA, Calif., June 24, 2020 (SEND2PRESS NEWSWIRE) — On June 3, 2020, Expert DOJO has announced that its current accelerator cohort has invested in 12 companies. Of 12 investments made, 9 are minority-led businesses, and of the same 12 investments, 4 have female founders.

ReverseVision President Joe Langner Lauded as Mortgage Technology Thought Leader by PROGRESS in Lending Association

SAN DIEGO, Calif., June 24, 2020 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading technology provider for the Home Equity Conversion Mortgage (HECM) and private reverse lending program market, today announced that company President Joe Langner has been honored as a mortgage technology Thought Leader by PROGRESS in Lending Association.

The Jacobsen Announces Release of Sage, a New Augmented Intelligence Platform

BOULDER, Colo., June 22, 2020 (SEND2PRESS NEWSWIRE) — The Jacobsen has announced the release of their new augmented intelligence platform for commodity price forecasting, named Sage. “We are the first price reporting agency to release a forecasting product built on machine learning and augmented intelligence in our niche,” states John Donicht, President of The Jacobsen.

ReverseVision Taps Carissa Orozco as Director of Business Development, Strategic Partners

SAN DIEGO, Calif., June 18, 2020 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading technology provider for the Home Equity Conversion Mortgage (HECM) and private reverse lending program market, today announced the appointment of Carissa Orozco as director of business development, strategic partners.

2019 ARMCO QC Trends Report Indicates Overall Marked Improvement in Critical Defect Rate over 2018

DENVER, Colo., June 18, 2020 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of the quarterly ARMCO Mortgage QC Trends Report. The latest report, which provides nationwide loan quality findings based on data derived from ACES Audit Technology covers both the fourth quarter (Q4) and the 2019 calendar year (CY).