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.


Former loanDepot executive joins Cloudvirga as chief product officer

IRVINE, Calif., Dec. 11, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage software, announced it has appointed Tim Von Kaenel to the role of chief product officer. In this role, Von Kaenel will oversee product strategy, design and go-to-market planning for Cloudvirga’s growing suite of digital mortgage point-of-sale products. Von Kaenel will report to Cloudvirga CEO Michael Schreck.

Reaching New Heights: Aclaro adds AI Loan Repayment Risk Management Product to its Relationship-Building Tech Solutions

MIAMI, Fla., Dec. 11, 2018 (SEND2PRESS NEWSWIRE) — Aclaro, the leading provider and developer of Artificial Intelligence and Blockchain-based technology solutions, announces the launch of their newest Fintech App in conjunction with the opening of a new office in San Francisco, California.

Bank of Southern California NA Hires Pamela Marble as Managing Director in Orange County

SAN DIEGO, Calif., Dec. 10, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Pamela Marble as Managing Director in Orange County. In this role, she will be responsible for business development and client relationship management.

Data Reporting Company Provides Credit Solutions for Renters Across the Country

SAINT LOUIS, Mo., Dec. 6, 2018 (SEND2PRESS NEWSWIRE) — Rock The Score (“RTS,” a privately held corporation) is a new company with a new concept. RTS reports data to the credit bureaus that traditionally does not get reported through normal channels. This provides information, data and clarity to end users such as mortgage lenders, banks, insurance providers and many more. (VIDEO)

SafeChain Named Outstanding Startup by Columbus Business First at 2018 BizTech Awards

COLUMBUS, Ohio, Dec. 6, 2018 (SEND2PRESS NEWSWIRE) — SafeChain, the industry leader in wire fraud prevention software for land title, announced today that it was honored in the Outstanding Startup category at the 2018 BizTech Awards hosted by regional business publication Columbus Business First. The firm was one of three companies honored in the Outstanding Startup category of the fourth annual BizTech Awards.

Nations Valuation Services Integrates Anow Appraisal Management Software to Accelerate Turn Times and Elevate Customer Experience for Mortgage Lenders

RED DEER, Alberta and PRAIRIE VILLAGE, Kan., Dec. 5, 2018 (SEND2PRESS NEWSWIRE) — Nations Valuation Services (NVS), the appraisal services division of the Nations Companies, today announced the integration of appraisal management software from Anow with NVS’ proprietary management system, AppraisalTRAX.

Cloudvirga CEO Michael Schreck honored by HousingWire as Vanguard Award winner

IRVINE, Calif., Dec. 4, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage software, today announced that CEO Michael Schreck is a recipient of HousingWire’s 2018 HW Vanguard Award. Now in its fourth year, the Vanguard Awards spotlight the housing finance industry’s most successful and influential executives.

David Lykken Celebrated by HousingWire as a 2018 Vanguard Award Honoree

AUSTIN, Texas, Dec. 4, 2018 (SEND2PRESS NEWSWIRE) — Leading mortgage industry management consulting firm Austin, Texas-based Transformational Mortgage Solutions (TMS), today announced that Founder and Chief Transformational Officer David Lykken has been named a 2018 Vanguard Award honoree by HousingWire (HW) magazine.

Simplifile’s Mark Ladd Named 2018 HousingWire Vanguard

PROVO, Utah, Dec. 4, 2018 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced today that Vice President of Regulatory and Industry Affairs Mark Ladd has been recognized by HousingWire magazine in its fourth annual HW Vanguard Awards(TM) program.

FormFree President and Housing Finance Icon Faith Schwartz Receives 2018 HousingWire Vanguard Award

ATHENS, Ga., Dec. 3, 2018 (SEND2PRESS NEWSWIRE) — FormFree announced today that Faith Schwartz, a member of FormFree’s board of directors and the company’s acting president, has been honored with HousingWire’s 2018 HW Vanguard Award in recognition of her career contributions to the housing finance industry.

NotaryCam’s Rick Triola Named A 2018 HousingWire Vanguard

NEWPORT BEACH, Calif., Dec. 3, 2018 (SEND2PRESS NEWSWIRE) — NotaryCam, the leader in online notarization and original provider of mortgage eClosing solutions, today announced that its Founder and CEO Rick Triola has been named a 2018 Vanguard by HousingWire magazine as part of its fourth annual HW Vanguards Awards program. In the magazine’s profile on Triola, the HousingWire editorial staff noted Triola’s role as a “pioneer in the field of digital mortgages.”

LBA Ware CEO Lori Brewer Receives 2018 HousingWire Vanguard Award for Innovation in Mortgage Tech

MACON, Ga., Dec. 3, 2018 (SEND2PRESS NEWSWIRE) — LBA Ware, provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, announced today that company Founder and CEO Lori Brewer is a recipient of HousingWire’s 2018 HW Vanguard Award.

MQMR President Michael Steer Named Mortgage Industry ‘Vanguard’ by HousingWire Magazine

LOS ANGELES, Calif., Dec. 3, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Quality Management and Research, LLC (MQMR) announced today that its President Michael Steer has been recognized by HousingWire magazine in its fourth annual HW Vanguard Awards(TM) program. Steer was honored for his efforts in building a diverse workforce and establishing a strong corporate culture that values employee feedback and community service.

JenCap Holdings LLC to Acquire Risk Innovations, a Specialty Insurance Business

ATLANTA, Ga., Dec. 3, 2018 (SEND2PRESS NEWSWIRE) — JenCap Holdings LLC (JCH), a specialty insurance business, announced today that it has agreed to acquire privately-held Risk Innovations LLC, a specialty wholesale insurance broker based in Atlanta, Georgia. Financial terms were not disclosed.

Bank of Southern California, N.A. Opens West Los Angeles Office

LOS ANGELES, Calif., Dec. 3, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, Calif., is pleased to announce its continued expansion in Los Angeles with the opening of a new production office in West Los Angeles.

Chuck Simpson of EPIC to Present on Hazard Recognition at 2018 OSHA Oil and Gas Safety and Health Conference

HOUSTON, Texas and BIRMINGHAM, Ala., Nov. 30, 2018 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Senior Risk Control Consultant Chuck Simpson will present at OSHA Oil & Gas Safety and Health Conference on Tues., Dec. 4 at 3 p.m. at the Hilton Americas in Houston, Texas.

David McNeil of EPIC Named 2018 Broker of Excellence by CalMutuals Joint Powers Risk and Insurance Management Authority

ONTARIO, Calif., Nov. 28, 2018 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Principal and Risk Management Consultant David McNeil has been selected as a 2018 Broker of Excellence by The California Association of Mutual Water Companies – Joint Powers Risk & Insurance Management Authority (CalMutuals-JPRIMA).

Cloudvirga taps former Altisource CTO as executive vice president of technology

IRVINE, Calif., Nov. 27, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage software, today announced that mortgage industry veteran James Vinci has been selected to fill the firm’s newly created executive vice president of technology position. In this role, Vinci will execute Cloudvirga’s technical vision, oversee initiatives to strengthen developer talent and collaborate across departments to scale technical initiatives to the company’s explosive growth.

LBA Ware Recruits Veteran Mortgage Compensation Leader Mari Denton as Director of Client Success

MACON, Ga., Nov. 27, 2018 (SEND2PRESS NEWSWIRE) — LBA Ware, the leading provider of automated incentive compensation and sales performance management software for mortgage lenders, today announced the appointment of Mari Denton as director of client success. An experienced finance professional, Denton has spent the last decade of her career in senior roles at some of the nation’s largest banks and independent mortgage lenders.

Enrolled Agent Jeffrey Schneider, EA, CTRS, NTPIF of SFS Tax and Accounting Services Earns ACT-E Designation

STUART, Fla., Nov. 27, 2018 (SEND2PRESS NEWSWIRE) — Jeffrey Schneider, EA, CTRS, NTPIF, ACT-E of SFS Tax & Accounting Services and SFS Tax Problem Solutions in Stuart, Florida, a tax preparation and tax resolution firm, has received the Advanced Crypto Tax Expert designation (ACT-E).

Bindable announces an investment round led by EPIC, Motive Partners and Wafra

BOSTON, SAN FRANCISCO and NEW YORK, Nov. 27, 2018 (SEND2PRESS NEWSWIRE) — Bindable, an insurance technology company whose goal is to transform the affinity distribution of insurance, today announced an investment from EPIC Holdings, the corporate parent overseeing investments across the entire EPIC platform, including EPIC Insurance Brokers & Consultants, and a Wafra advised fund, in conjunction with Motive Partners, a global private equity firm focused on investing in financial technology companies.

EPIC Buys Direct Retail Wine Industry Business From Paragon Insurance Holdings

SAN FRANCISCO, Calif., Nov. 27, 2018 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today the purchase of a retail wine industry book of business from Managing General Agency (MGA) Paragon Insurance Holdings LLC. The accounts in question came to Paragon in the fall of 2017 when they acquired wine industry specialist John Sutak Insurance Brokers, along with two winery programs from the Argo Group.

Paragon Insurance Holdings to Sell its Direct Retail Wine Industry Business

SAN FRANCISCO, Calif., Nov. 27, 2018 (SEND2PRESS NEWSWIRE) — Paragon Insurance Holdings LLC today announced the sale of the firm’s direct retail wine industry business to retail insurance broker EPIC Insurance Brokers & Consultants. The accounts in question came to Paragon in the fall of 2017 when they purchased wine industry specialist John Sutak Insurance Brokers, along with two winery programs from the Argo Group.

Bank of Southern California NA Hires Juliana Rowland as Managing Director in Orange County

SAN DIEGO, Calif., Nov. 26, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Juliana Rowland as Managing Director in Orange County. She will be responsible for cultivating new client relationships for the Bank with a focus on Orange County’s business community.

Michael Power Joins Frenkel and Company – an EPIC Company in New York

NEW YORK, N.Y., Nov. 26, 2018 (SEND2PRESS NEWSWIRE) — Frenkel & Company – an EPIC Company announced today that risk management and insurance professional Michael Power has joined the firm’s operations in New York as a Principal.

Tandis Nili Joins Frenkel and Company – an EPIC Company as Global Services Division Leader

NEW YORK, N.Y., Nov. 19, 2018 (SEND2PRESS NEWSWIRE) — Frenkel & Company – an EPIC Company announced today that risk management and insurance professional Tandis Nili has joined the firm’s operations in New York as Senior Vice President and leader of the Global Services Division. Nili is based in Frenkel’s New York, NY office at 350 Hudson Street and reports to John F. Kelly, President and CEO of Frenkel & Company.

MCT Hires Industry Veteran Rhiannon Bolen as Regional Sales Manager to Satisfy Increasing Demand for its Product and Service Offerings

SAN DIEGO, Calif., Nov. 16, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that Rhiannon Bolen has joined the company’s sales team as one of its Regional Sales Managers and will be responsible for overseeing the Southern territory.

How Much Does It Cost to Open a Restaurant? 350 Independent Restaurant Owners Share Their 2018 Startup Costs and Financial Performance

PHOENIX, Ariz., Nov. 15, 2018 (SEND2PRESS NEWSWIRE) — RestaurantOwner.com has released the report of their 2018 Cost to Open a Restaurant Survey. The report summarizes input gathered from over 350 independent restaurant owners and operators regarding their startup costs as well as their financial performance.

SafeChain Adds Blockchain to SafeWire to Further Safeguard Real Estate Wire Transactions

COLUMBUS, Ohio, Nov. 15, 2018 (SEND2PRESS NEWSWIRE) — SafeChain, the industry leader in wire fraud prevention software for land title, announced today it has added blockchain to its wire fraud prevention platform SafeWire, making the company the first in the industry to do so. The addition of blockchain to SafeWire provides increased security for real estate wire transactions by ensuring fraudsters cannot tamper with wiring instructions undetected.

Former Roostify exec joins Cloudvirga as chief customer success officer

IRVINE, Calif., Nov. 14, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage software, today announced the appointment of Jesse Decker to the role of chief customer success officer. Decker will lead the company’s customer success division and work collaboratively with its product development and marketing teams to help leading mortgage lenders leverage the full potential of Cloudvirga’s revolutionary point-of-sale (POS) products.

New Survey Finds More Than 75-percent of Travelers Experience Travel Mishaps, Yet Few Protect Themselves with Travel Insurance

NEW YORK, N.Y., Nov. 14, 2018 (SEND2PRESS NEWSWIRE) — A new survey conducted by travel insurance comparison site TravelInsurance.com found that even though travelers are concerned with travel disruptions and many have experienced mishaps while on vacation, fewer than half of those surveyed have purchased travel insurance. Of those who didn’t purchase travel insurance, only a third even considered it.

Simplifile’s Nancy Alley Lauded as One of Mortgage Banking’s Most Powerful Women by National Mortgage Professional

PROVO, Utah, Nov. 13, 2018 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents and counties, today announced that Vice President of Strategic Planning Nancy Alley was recognized by National Mortgage Professional Magazine on its 2018 list of Mortgage Banking’s Most Powerful Women.

Bank of Southern California, NA Announces Third Quarter 2018 Financial Results (OTC:BCAL)

SAN DIEGO, Calif., Nov. 13, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly net income of $874,988 for the third quarter of 2018, compared to $1,088,043 for the third quarter of 2017. For the nine months ended September 30, 2018, net income was $3,253,441, compared to $2,830,295 for the nine months ended September 30, 2017. Results for the quarter and nine months ended Sept. 30, 2018, include approximately $1.2 million and $1.6 million, respectively, in expenses related to the acquisition of Americas United Bank (OTC Pink: AUNB), which was completed on July 31, 2018.

Digital insurance agency Matic named a Central Ohio ‘Best Place to Work’ by Columbus Business First

COLUMBUS, Ohio, Nov. 12, 2018 (SEND2PRESS NEWSWIRE) — Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner’s insurance during the mortgage transaction, has been named one of Central Ohio’s top employers by Columbus Business First.

NotaryCam to Offer Complimentary Notarizations for Active Duty, Retired U.S. Military Members in Honor of Veterans Day

NEWPORT BEACH, Calif., Nov. 9, 2018 (SEND2PRESS NEWSWIRE) — NotaryCam today announced it would offer free remote online notarization (RON) sessions to United States veterans and current service members in honor of Veterans Day as part of its semi-annual “Help a Hero” initiative. From Nov. 9-12, active duty and retired service members can connect to a live notary public via NotaryCam’s secure virtual signing room to legally notarize, sign and execute documents and agreements online from anywhere in the world.

IDS Promotes Clint Salisbury to Sales and Marketing Team, Travis Carroll to Head of Implementation

SALT LAKE CITY, Utah, Nov. 9, 2018 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has promoted two employees to provide additional support in mission-critical areas of the organization. Former Manager of Implementation Clint Salisbury has moved to the Sales and Marketing team, and Travis Carroll, who previously worked on IDS’s Integrations team, has moved into Salisbury’s role as head of the Implementation department.

Simplifile Adds 30 Northeastern, Mid-Atlantic Jurisdictions To E-recording Network

PROVO, Utah, Nov. 8, 2018 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that 30 additional recording jurisdictions located in nine states throughout the Northeastern and Mid-Atlantic U.S. have joined Simplifile’s e-recording network.

Enrolled Agent Jeffrey Schneider, EA, CTRS, NTPIF Named ‘2018 Top Practitioner’ by the ASTPS

STUART, Fla., Nov. 8, 2018 (SEND2PRESS NEWSWIRE) — Stuart Enrolled Agent and Certified Tax Resolution Specialist, Jeffrey Schneider of SFS Tax Problem Solutions was chosen by the American Society of Tax Problem Solvers (ASTPS) as the 2018 Top Practitioner.

Danielle Reed of EPIC Appointed to the Board of Directors of the Texas Payroll Conference

HOUSTON, Texas, Nov. 8, 2018 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that HR Solutions Associate Consultant Danielle Reed has been appointed to the Board of Directors of the Texas Payroll Conference (TPC).

Cloudvirga’s Michael Schreck and Kyle Kamrooz lauded among Orange County’s most influential business leaders

IRVINE, Calif., Nov. 7, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage software, today announced that company CEO Michael Schreck and Co-founder Kyle Kamrooz have been named to Orange County Business Journal’s ‘OC 500’ list of the most influential business leaders in Orange County, California.