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.


Inc. Magazine Names LBA Ware to the 2019 Inc. 5000 List of Fastest-Growing Private Companies

MACON, Ga., Aug. 15, 2019 (SEND2PRESS NEWSWIRE) — Inc. magazine yesterday revealed that LBA Ware(TM), provider of the leading automated compensation and sales performance management platform for mortgage lenders, is ranked 3,466 on the magazine’s annual Inc. 5000 list. The Inc. 5000 list is the most prestigious ranking of the nation’s fastest-growing private companies.

Louisiana Appleseed to Host Household Debt Community Forum in Shreveport

NEW ORLEANS, La., Aug. 15, 2019 (SEND2PRESS NEWSWIRE) — Louisiana Appleseed recently released its report, “A Vicious Cycle: How Predatory Lending and Court Fines & Fees Continue to Trap Communities of Color in Debt,” which discusses its findings on financial stability in low-income and communities of color. As a part of a statewide tour to inform communities of these issues, Louisiana Appleseed is now taking these findings to Shreveport.

EPIC Insurance Brokers and Consultants Recognized as a 2019 ‘Best Place to Work’ in Dallas

DALLAS, Texas and SAN FRANCISCO, Calif., Aug. 15, 2019 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, has been recognized by their team members in Dallas as one of the 2019 Best Places to Work in North Texas in a survey conducted annually by the Dallas Business Journal.

DocMagic and INTEGRA Software Systems Form Strategic Alliance

TORRANCE, Calif., Aug. 15, 2019 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that INTEGRA Software Systems (INTEGRA) will offer the company’s document preparation solution to their client base via an integration with INTEGRA’s new LOS, EPIC.

The Mortgage Collaborative Adds Get Credit Healthy to Preferred Partner Network

SUNRISE, Fla., Aug. 15, 2019 (SEND2PRESS NEWSWIRE) — Fintech company, Get Credit Healthy (a subsidiary of Beta Music Group Inc. OTC PINK: BEMG) has been added to the Preferred Partner network of The Mortgage Collaborative (“TMC”). Get Credit Healthy will offer TMC members access to resources designed to reduce loan fallout and leverage data.

Gentry Wilson Partners – China Debt Continues to Rise

TAIPEI CITY, Taiwan, Aug. 15, 2019 (SEND2PRESS NEWSWIRE) — After the poorest quarterly performance in almost three decades during the period from April to June this year, Gentry Wilson Partners analysts say China is clearly facing serious economic challenges. The world’s second largest economy was once the most rapidly expanding, benefitting from inexpensive labor and sizeable government spending on infrastructure.

SimpleNexus Named One of America’s 500 Fastest-Growing Private Companies for Second Consecutive Year

LEHI, Utah, Aug. 14, 2019 (SEND2PRESS NEWSWIRE) — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced it has been ranked in the top 500 on the Inc. 5000 list of America’s fastest-growing private companies for the second year running.

Take Three Technologies Selects Ruth Lee, CMB, as Executive Vice President

DENVER, Colo., Aug. 14, 2019 (SEND2PRESS NEWSWIRE) — Take Three Technologies (Take3), a Denver-based FinTech startup focused on empowering mortgage lenders and loan originators with best-in-class technology solutions today announced its hiring of Ruth Lee as the organization’s Executive Vice President.

KROST CPAs and Consultants Named Inside Public Accounting Best of the Best and Top 200 Firms

PASADENA, Calif., Aug. 12, 2019 (SEND2PRESS NEWSWIRE) — Inside Public Accounting (IPA) named KROST CPAs & Consultants and its affiliated tax consulting practice Best of the Best and Top 200 Firms for the fourth year in a row. The firm placed 109th on the prestigious top 200 list, a substantial leap from 157th in 2016 when it first made the rankings.

Bank of Southern California N.A. Names Joel Ewan Senior Vice President, Credit Administration

SAN DIEGO, Calif., Aug. 12, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has announced the appointment of Joel Ewan as Senior Vice President, Credit Administration. In this newly created role, he will be responsible for managing, implementing, and evaluating credit policy initiatives as well as analyzing and structuring commercial credit for clients across multiple industry sectors.

Crown Financial Introduces More Value with Their New Invoice Factoring Calculator

HOUSTON, Texas, Aug. 9, 2019 (SEND2PRESS NEWSWIRE) — Crown Financial, a Houston-based business funding provider, has increased client insight into AP factoring with the addition of their powerful tool, the invoice factoring calculator. Companies seeking working capital can easily calculate costs associated with factoring, making the process more transparent and the decision to factor their accounts receivable much easier.

FormFree Throws Its Support Behind California MBA’s Inaugural Mortgage Innovators Conference

ATLANTA, Ga., Aug. 9, 2019 (SEND2PRESS NEWSWIRE) — FormFree today announced its support as a premier sponsor of the California Mortgage Bankers Association’s inaugural Mortgage Innovators Conference, being held August 11-13, 2019 at the Sheraton San Diego Hotel & Marina. FormFree will demo its Passport all-in-one verification service, and attendees will have two opportunities to hear from the company’s visionary Founder and CEO, Brent Chandler.

LBA Ware’s CompenSafe Finishes 2Q19 with $3.6B in Lifetime Compensation Calculations

MACON, Ga., Aug. 8, 2019 (SEND2PRESS NEWSWIRE) — LBA Ware, provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, closed the second quarter of 2019 having completed $3,622,659,995 in lifetime calculations of origination commissions, management overrides and operational bonuses through its CompenSafe(TM) sales incentive platform.

IDS Signs on as Gold Sponsor for 2019 ACUMA Annual Conference

SALT LAKE CITY, Utah, Aug. 8, 2019 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has agreed to serve as a Gold Sponsor for the American Credit Union Mortgage Association (ACUMA) 2019 Annual Conference, to be held September 22-25, 2019 at the Gaylord National Resort and Convention Center in National Harbor, Maryland.

EPIC Insurance Brokers and Consultants Acquires Trumark Insurance and Financial Services

SAN FRANCISCO, Calif., Aug. 8, 2019 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today the acquisition of Trumark Insurance & Financial Services, a Pleasanton, CA-based Brokerage/General Agency specializing in the institutional financial advisory market.

EHOP Health Hires Baker Freiberg as Vice President of Sales

RALEIGH, N.C., Aug. 7, 2019 (SEND2PRESS NEWSWIRE) — EHOP Health, a chronic disease reversal company headquartered in the Triangle region, is proud to announce the hire of Baker Freiberg as Vice President of Sales. A veteran of the insurance industry, Freiberg brings extensive experience working with large employers that are looking for help reducing their healthcare costs.

More than Half of Mortgage Loan Applicants Now Opting to Apply Using Their Mobile Device

LEHI, Utah, Aug. 6, 2019 (SEND2PRESS NEWSWIRE) — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today released data indicating that, given the choice, a majority of borrowers now prefer a mobile-driven mortgage loan application process. Mobile applications accounted for more than 50% of the 37,157 mortgage applications submitted through the SimpleNexus platform in the month of May.

Memphis-based Venture Capital Firm Innova Announces Sale of Portfolio Company Arkis Biosciences to Integra LifeSciences

MEMPHIS, Tenn., Aug. 6, 2019 (SEND2PRESS NEWSWIRE) — Innova Memphis, a Memphis-based early stage venture capital firm, is pleased to announce the acquisition of its portfolio company Arkis Biosciences. Knoxville-based Arkis, a neuro-surgical medical device company, has been acquired by Integra LifeSciences Holding Corporation, a leading medical technology company.

MQMR Bolsters Executive Team with Addition of Mortgage Industry Veteran Stephen Sherman as COO

LOS ANGELES, Calif., Aug. 6, 2019 (SEND2PRESS NEWSWIRE) — Mortgage Quality Management and Research, LLC (MQMR) announced today that seasoned mortgage and real estate professional Stephen Sherman has joined the firm as Chief Operating Officer. Sherman brings more than 30 years of experience in mortgage servicing, secondary marketing, warehouse lending, commercial real estate sales, corporate consulting and REO management services to his new role at MQMR, where he will be responsible for overseeing MQMR’s day-to-day operations and managing the firm’s long-term growth strategy.

Bank of Southern California NA Announces Justin Roscoe as AVP, Training Officer

SAN DIEGO, Calif., Aug. 5, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has named Justin Roscoe as Assistant Vice President, Training Officer. In this newly created role, he will lead all learning and development, and career pathing programs for the Bank. In addition, he will be responsible for developing a structured recruiting process and company-wide internship program.

NotaryCam Applauds Texas for Eliminating Roadblock to Recording Remotely Notarized Real Estate Transactions

NEWPORT BEACH, Calif., Aug. 2, 2019 (SEND2PRESS NEWSWIRE) — NotaryCam Founder and CEO Rick Triola today praised the Texas legislature for passing SB 2128, which will go into effect on September 1. The bill provides recording jurisdictions with additional clarity when conducting paper recordings of electronically executed documents.

Successful Repayment of $27 Million to EB-5 Investors in New Commercial Enterprise Managed by A&J Capital, Inc.

LOS ANGELES, Calif., Aug. 1, 2019 (SEND2PRESS NEWSWIRE) — A&J Capital, Inc. (A&J), a financial services & advisory firm specializing in EB-5, private equity, and investment management, today announced its latest milestone of repaying $27 million of capital to EB-5 investors for one of its managed new commercial enterprises (NCE). A&J serves as a manager of the NCE and oversees its day-to-day activities, including the administration of the EB-5 loan.

OpenClose Bolsters Commitment to Software Innovation and Enhancement of Digital Mortgage Technology, Adds Experienced Technologist as VP of Innovation

WEST PALM BEACH, Fla., July 31, 2019 (SEND2PRESS NEWSWIRE) — OpenClose, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that Allen Pollack, a seasoned industry veteran that has been instrumental in the digital shift and transformation of the industry, has joined the company in the newly created position of vice president of product innovation.

Appraisal Institute (AI) forms affinity partnership with Anow to equip members with top-shelf appraisal office management technology

RED DEER, Alberta, July 31, 2019 (SEND2PRESS NEWSWIRE) — Anow, developer of appraisal firm management software that simplifies the way real estate appraisers manage their businesses, has formed an affinity partnership with the Appraisal Institute (AI), the largest real estate appraisal organization in the United States. The partnership makes Anow’s core appraisal office management platform available to AI members (“AI Professionals”) and affiliates at a reduced rate.

SimpleNexus Partners with Informative Research to Expand Credit Integration Options for Its Mortgage Lender Customers

LEHI, Utah, July 30, 2019 (SEND2PRESS NEWSWIRE) — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced an integration with Informative Research, a Tier-1 CRA and fintech leader in delivering a range of origination solutions for the mortgage industry.

Reconciled named one of the 2019 Accounting Today’s Best Accounting Firms to Work for

BURLINGTON, Vt., July 30, 2019 (SEND2PRESS NEWSWIRE) — Reconciled, an online bookkeeping firm headquartered in Burlington, was recently named as one of the 2019 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees

New API Enables Real-Time Data Transfers Between SimpleNexus, Mortgage Lenders and Third-Party Systems

LEHI, Utah, July 24, 2019 (SEND2PRESS NEWSWIRE) — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced the availability of an application program interface (API) and webhooks that enable mortgage lenders to establish real-time data syncing between SimpleNexus and non-integrated third-party systems.

Bank of Southern California N.A. Announces Second Quarter 2019 Results

SAN DIEGO, Calif., July 24, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the second quarter ended June 30, 2019. Total assets were $767 million for the second quarter of 2019, a 47% increase compared to the second quarter of 2018. Quarterly net income increased 20% to $1.57 million compared to $1.31 million in Q2 of 2018.

CMG Financial Accelerates Loan Originator Compensation and Delivers Loan-Level Insights to Management with LBA Ware’s CompenSafe

MACON, Ga., July 23, 2019 (SEND2PRESS NEWSWIRE) — LBA Ware(TM), provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, has partnered with CMG Financial to streamline incentive compensation for the lender’s more than 500 loan originators (LOs) and other commission- and bonus-based employees.

Lang Capital Group Presents an Exquisite Dinner Cruise on The Odyssey Lake Michigan with IMAG

CHICAGO, Ill., July 23, 2019 (SEND2PRESS NEWSWIRE) — The Lang Capital Group announces the International Multicultural Awards Gala (I.M.A.G) on August 9, 2019. The Gala will raise funds for IMAG of Greater Chicago’s programs to build and repair hope, families, and resources in the greater Chicago communities.

Small Business Grant Offering to Inspire New Entrepreneurs to Get into The Game and Start Their Own Business

COLUMBIA, S.C., July 23, 2019 (SEND2PRESS NEWSWIRE) — Horizon Commercial Leasing hopes to inspire new entrepreneurs to get into the game and start their own business. The property leasing experts have launched its first ever Small Business Grant offering up to $2,000 to potential and existing businessowners.

EPIC adds Surety Specialists Eric Feighl and John Hohlt in Houston Texas

HOUSTON, Texas, July 23, 2019 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that Eric Feighl has joined the firm as a Principal and Southwest Region Surety Practice Leader.

ReverseVision Taps Sunny Mahdii as Vice President of Operations

SAN DIEGO, Calif., July 22, 2019 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced it has appointed Sunny Mahdii to the position of vice president of operations. In this role, Mahdii will work with ReverseVision’s professional services, training, implementation, document management and customer success teams to execute a holistic operations strategy.

Former IRS Executive, Mark Bodenstab, Joins KBKG as Director of Research and Development Tax Credits

PASADENA, Calif., July 22, 2019 (SEND2PRESS NEWSWIRE) — Nationwide tax specialty firm KBKG adds another former IRS manager to their team of experts. Mark Bodenstab joins as the firm’s Director of Research & Development Tax Credits with over 30 years combined at the IRS and in the private sector.

New Capital Partners Invests in ARMCO

BIRMINGHAM, Ala., July 22, 2019 (SEND2PRESS NEWSWIRE) — New Capital Partners (NCP), a private equity firm in Birmingham, Ala., today announces that it has partnered with Pompano Beach, Fla.-based ACES Risk Management Corp. (ARMCO), the leader in web-based quality assurance software for the financial services industry.

Anow Enterprise lets lenders and appraisal firms tap into the industry’s first peer-to-peer appraiser network

RED DEER, Alberta, July 17, 2019 (SEND2PRESS NEWSWIRE) — Anow, developer of appraisal firm management software that simplifies the way real estate appraisers manage their businesses, today announced the release of Anow Enterprise, a cloud software suite that connects individual appraisal companies to form service networks that can efficiently provide localized service at scale.

Bank of Southern California NA Names Ian McKay Managing Director

SAN DIEGO, Calif., July 17, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has expanded its business development team with the hiring of Ian McKay as Managing Director of Business Banking. He will focus on developing and managing a portfolio of small to medium sized businesses located throughout Orange County.

Ward Henderson Management – Germany’s Economic Gloom Could Continue

TAIPEI, Taiwan, July 17, 2019 (SEND2PRESS NEWSWIRE) — Ward Henderson Management – German economy shows signs of weakening further due to downside risks. In May, an important indicator of overall economic health, declined by more than expected. Germany’s manufacturing industry reported poor growth, prompting concerns about the Eurozone’s economic wellbeing.

Level One Bank Enlists CompenSafe to Automate Incentive Compensation After Doubling Its Mortgage Division

MACON, Ga., July 16, 2019 (SEND2PRESS NEWSWIRE) — LBA Ware, provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, announced today that Level One Bank (NASDAQ: LEVL) has chosen CompenSafe to automate incentive compensation for mortgage loan originators and support staff across the community bank’s mortgage loan center and branch locations

NRL Mortgage Now Offering FormFree’s AccountChek Automated Asset Verification to Borrowers Nationwide

ATLANTA, Ga., July 16, 2019 (SEND2PRESS NEWSWIRE) — FormFree today announced that loan originators and support staff at NRL Mortgage are now offering AccountChek automated asset verification to loan applicants nationwide. AccountChek gives borrowers a convenient and secure way to verify their assets without having to print, scan or fax bank statements.