Banking News

Banking News – including business banking, financial services, consumer finance, bank technology, and related banking industry news, issued by the Send2Press Newswire service.


Bank of Southern California NA Announces Third Quarter 2017 Results

SAN DIEGO, Calif., Nov. 17, 2017 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,088,043 for the third quarter of 2017, compared to $1,032,230 for the second quarter of 2017 and $642,186 for the third quarter of 2016. For the first nine months of 2017, net earnings were $2,830,295, compared to $2,106,775 for the first nine months of 2016.

Unity National Bank Pledges $100,000 Towards the Construction of New Tipp City Stadium

TIPP CITY, Ohio, Sept. 13, 2017 (SEND2PRESS NEWSWIRE) — The Tipp Pride Association Board of Directors announced today that the organization has received a $100,000 sponsorship from Unity National Bank for the construction of Tipp City’s new community stadium. The generous gift will lead ongoing fundraising to support stadium construction.

MEDIA ADVISORY: ReverseVision Experts Available to Discuss HUD Changes to HECM Reverse Mortgage Program

SAN DIEGO, Calif., Sept. 12, 2017 (SEND2PRESS NEWSWIRE) — The following ReverseVision experts, whose expertise on the Home Equity Conversion Mortgage (HECM) ranges from HUD guideline interpretation to market analysis to education, are available for interviews regarding HUD’s planned changes to the HECM program.

DIB Funding, Inc.’s DIBCOIN is the First Crypto Currency to be Aired on The FOX Business Network’s ‘New To The Street’

ROCKFORD, Mich., Aug. 22, 2017 (SEND2PRESS NEWSWIRE) — DIB Funding, Inc.’s DIBCOIN was highlighted on “New To The Street” on the Fox Business Network. CEO Adam Petty’s interview aired on Sunday, August 20 in which he shared the exciting vision, and business plan for DIB Funding and for its crypto-currency DIBCOIN. The show “New To The Street” has a six year history and DIB Funding, Inc., the developer of DIBCOIN, is the only crypto currency company that has ever been interviewed by them.

DIB Funding, Inc. Hires Top Crypto-Currency Developer Ambisafe to Create New Etherium Based DIBCoin 2.0, Also Announces Increased Conversion Rate

ROCKFORD, Mich., Aug. 15, 2017 (SEND2PRESS NEWSWIRE) — DIB Funding, Inc., the developer of DIBCoin, has hired Ambisafe, Inc. to create DIBCOIN 2.0 on the Etherium blockchain and to update our DIB Wallet. Public coin holders as of the exchange date will receive an exclusive exchange rate of two for one (i.e., 2 DIBCOIN 2.0 for every 1 DIBCOIN they hold). This will result in a 100-percent increase in the number of DIBCOIN held by each coin holder.

DIB Funding, Inc. takes first step in building the digital economy around DIBCOIN by launching its Affiliate Program through DIBNation.com

HOLLYWOOD, Fla., June 30, 2017 (SEND2PRESS NEWSWIRE) — DIB Funding, Inc. started DIB Nation to build a digital economy centered around DIBCOIN. The new custom website at DIBNation.com will be the hub of the DIB economy. The backbone of DIB Nation is our DIB Affiliate program.

Phil Rasori of MCT to Speak on Panel Session at Accounting for Mortgage Banking (AMB) User Conference on Topic of Hedge Accounting

SAN DIEGO, Calif., June 20, 2017 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced that its COO, Phil Rasori, is scheduled to speak on a panel session hosted by Advantage Systems, Inc. at its third annual Accounting for Mortgage Banking (AMB) user conference.

DIB Funding, Inc. Signs Contract with FMW Media Corp to Produce Monthly Interviews on the Business Show, ‘New To The Street’

HOLLYWOOD, Fla., May 25, 2017 (SEND2PRESS NEWSWIRE) — DIB Funding, Inc. has signed a contract with FMW Media Corp., the producers of the business show “New To The Street.” FMW Media’s hosts will interview members of DIB Funding, Inc.’s management team monthly to discuss the ongoing developments of DIBCOIN. Their business show, “New to the Street,” airs on the Fox Business Network and ION TV with 95 million viewers

Mid America Mortgage Purchases eNote from First eClosing Transaction in North Carolina

ADDISON, Texas, May 25, 2017 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced today it has purchased the eNote from North Carolina’s first eMortgage transaction. The transaction, which was completed entirely electronically on May 5, was a refinance for a property in Winston-Salem and was executed by Hickory-based North State Bank. Upon completion of the closing, Mid America was able to purchase the resulting eNote within one business day after receiving the final loan package.

Dr. Cheikh Mboup will Ensure that DIBCOIN is the First Cryptocurrency to Be Accepted Into 500 Retail Outlets within 12 Months

HOLLYWOOD, Fla., May 22, 2017 (SEND2PRESS NEWSWIRE) — DIB Funding, Inc. today announced the Company has signed a recognized entrepreneur with a keen eye on acquisitions and mergers, Dr. Cheikh Mboup, to the Company’s Advisory Board. He will immediately begin integrating DIBCOIN into the Point of Sale (POS) systems in up to 500 brick and mortar stores.

IDS Receives Certification from Fannie Mae, Freddie Mac for Its UCD XML File

SALT LAKE CITY, Utah, May 19, 2017 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced its Uniform Closing Dataset (UCD) XML file has been certified to meet all UCD requirements by both Fannie Mae and Freddie Mac ahead of the GSE’s September 25 deadline for UCD delivery. To have its UCD XML file certified by the GSEs, IDS underwent an extensive testing process to ensure the dataset was delivered in a GSE-acceptable format.

Jim Paul Joins Bank of Southern California N.A.

SAN DIEGO, Calif., April 27, 2017 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Jim Paul has joined the Bank as Vice President, Business Banking at the Del Mar Corporate office. He will primarily focus on building new client relationships for the bank.

Texas Capital Bank Implements DocMagic’s Total eClose Solution for eWarehouse Lending

TORRANCE, Calif., April 21, 2017 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Texas Capital Bank has implemented its Total eClose(TM) solution. This implementation enables the bank to function as an eWarehouse lender. They can now accept and fund eNotes from its lender customers that want to drastically speed up the process of closing and selling loans.

The Mortgage Collaborative President and Vice Chairman David G. Kittle Issues Statement Supporting Mortgage Bankers Association GSE Reform Proposal

SAN DIEGO, Calif., April 20, 2017 (SEND2PRESS NEWSWIRE) — On behalf of its network of lenders, David G. Kittle, CMB, president and vice chairman, The Mortgage Collaborative, has issued the following statement on the Mortgage Bankers Association’s (MBA) release of its GSE Reform proposal, “GSE Reform: Creating a Sustainable, More Vibrant Secondary Mortgage Market”:

DIB Funding, Inc. Announces a Billion Dollar Liquidity Partnership with Digitas Bank to Launch Worldwide Distribution of ‘DIBCOIN’

HOLLYWOOD, Fla., April 17, 2017 (SEND2PRESS NEWSWIRE) — Today DIB Funding, Inc., the creators of the digital currency known as DIBCOIN, is proud to announce a billion-dollar liquidity partnership with Digitas Bank. This partnership will immediately give present and future DIBCOIN holders the ability to deposit and withdraw DIBCOIN and FIAT currency in a single transaction and with complete financial privacy.

Sunshine Capital Inc. Announces That The Company’s Use of ‘DIBCOIN’ Was Described as ‘Genius’ in a Forbes Article

HOLLYWOOD, Fla., April 7, 2017 (SEND2PRESS NEWSWIRE) — Sunshine Capital, Inc. (OTC-Pink:SCNP / OTC:SCNP) today announced that the Company’s business plan, e.g. using DIBCOIN to purchase assets, has been described as “Genius” by Forbes.com contributor Peter J. Reilly.

Melyn Acasio Joins Bank of Southern California, N.A.

SAN DIEGO, Calif., April 4, 2017 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Melyn Acasio has joined the Bank as Vice President, Client Relationship Manager at the Del Mar Corporate office. She will primarily focus on building new client relationships for the bank.

Sunshine Capital, Inc. Uses DIBCOIN to retire all Corporate Debt at a Rate of $1 Per Coin

HOLLYWOOD, Fla., March 31, 2017 (SEND2PRESS NEWSWIRE) — Sunshine Capital, Inc. (OTC-Pink:SCNP / OTC:SCNP) today announced that all corporate debts of the Company have been paid using DIBCOIN at a rate of $1 per DIBCOIN. The debts include the remaining convertible debt notes and management salaries for the next 12 months. Using DIBCOIN as a form of payment protects our shareholders’ ownership in the company from being diluted.

Sunshine Capital, Inc. Announces That DIBCOIN Has Been Approved to Trade on the Livecoin Exchange

HOLLYWOOD, Fla., March 27, 2017 (SEND2PRESS NEWSWIRE) — Sunshine Capital, Inc. (Pink Sheets: SCNP / OTC:SCNP) today announces that DIBCOIN, has been approved for trading on the Livecoin platform. DIBCOIN will commence trading on April 3, 2017 at 9:30 a.m. (EST/EDT).

Bank of England Mortgage Helps Customers Get More Out of Retirement with Home Equity Conversion Mortgages (HECM) and ReverseVision Technology

SAN DIEGO, Calif., March 22, 2017 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced that Bank of England (BOE) Mortgage, a nationwide mortgage lender based in England, Arkansas, has selected RV Exchange (RVX) loan origination software (LOS) to support its growing Home Equity Conversion Mortgage (HECM) division.

Cloudvirga Introduces AccountChek Automated Asset Verification into Its intelligent Mortgage Platform

ATLANTA, Ga., March 22, 2017 (SEND2PRESS NEWSWIRE) — FormFree today announced that cloudvirga(SM), developer of the automated, cloud-based intelligent Mortgage Platform(R) (iMP), has selected AccountChek(TM) for automated asset verification. Cloudvirga’s custom integration of AccountChek into the iMP collects borrower account information early in the loan application process and offers a seamless asset verification experience.

LBA Ware Adds Matthew Marshall as Solutions Consultant

MACON, Ga., March 22, 2017 (SEND2PRESS NEWSWIRE) — LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced it has hired Matthew Marshall as a solutions consultant to support the firm’s sales efforts. In this role, Marshall will be responsible for articulating the value proposition of LBA Ware’s solutions.

Lender Price to Unveil the Lender Price Marketplace at 2017 NAMB East Association of Mortgage Professionals Convention

PASADENA, Calif., March 16, 2017 (SEND2PRESS NEWSWIRE) — Lender Price, the emerging leader in real-time, competitive mortgage analytics and product pricing & eligibility (PPE) solutions announced today that it is launching the Lender Price Marketplace at the 2017 NAMB East Association of Mortgage Professionals Convention exhibit in Atlanta, Georgia on March 16 – 18.

Record Attendance Expected at Texas Mortgage Bankers Association’s 101st Annual Convention

AUSTIN, Texas, March 13, 2017 (SEND2PRESS NEWSWIRE) — The Texas Mortgage Bankers Association (TMBA) announced today the location and dates of its 101st Annual Convention. This year’s conference – “Defining Our Future” – will be held at the Hyatt Regency Hill Country Resort and Spa in San Antonio, Texas on May 21 – 23, 2017.

Bank of Southern California NA Announces Promotion of Tony DiVita to Chief Banking Officer

SAN DIEGO, Calif., Feb. 3, 2017 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Tony DiVita has been promoted to the role of Executive Vice President, Chief Banking Officer. In his expanded role, he will continue to oversee new business origination and customer retention efforts, the Small Business Administration (SBA) Group, and bank marketing.

Mortgage Banking Expert Rob Chrisman to Address Special Session at RV UserCon 2017

SAN DIEGO, Calif., Jan. 5, 2017 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced that mortgage industry expert Rob Chrisman will address attendees of RV UserCon 2017 as a special session speaker on February 9 in San Diego.

Bank of Southern California Completes $7 Million Capital Offering and Announces New Board of Directors

SAN DIEGO, Calif., Jan. 4, 2017 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that it has completed a capital raise of $7 million through a stock purchase agreement of the Bank’s common stock with Castle Creek Capital, based in Rancho Santa Fe, California.

Rate Reset Chooses AccountChek by FormFree for Automated Verification of Borrower Ability to Repay

ATLANTA, Ga., Nov. 29, 2016 (SEND2PRESS NEWSWIRE) — FormFree today announced that Rate Reset, the world leader in automated loan retention and acquisition software, has selected AccountChek(TM) by FormFree as its technology provider for automated asset verification. AccountChek helps financial institutions determine in just seconds the ability of customers to pay back loans, without the hassle of collecting bank statements or other asset documents.

Local Banker Luz Gonzalez Joins Bank of Southern California, N.A.

RANCHO MIRAGE, Calif., Nov. 16, 2016 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today that Luz Gonzalez has joined the Company as Branch Sales Manager of its Rancho Mirage branch. Most recently, Ms. Gonzalez served the Coachella Valley community as a Deputy Sheriff for the Riverside County Sheriff’s Department, following a successful eleven-year career at El Paseo Bank.

Lender Price Investor Glenn Stearns Appearing at 2016 Mortgage Bankers Association Annual Convention in Boston

PASADENA, Calif., Oct. 17, 2016 (SEND2PRESS NEWSWIRE) — Lender Price, the emerging leader in real-time, competitive mortgage analytics and product pricing and eligibility (PPE) solutions complete with full mobile functionality and advanced business intelligence, today announced that its investor Glenn Stearns will appear at its 2016 MBA Annual Convention exhibit in Boston on October 23 – 26.

Bank of Southern California, N.A. Selects nCino to Improve Workflow Process

SAN DIEGO, Calif., Oct. 12, 2016 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today that it has selected nCino’s Bank Operating System to automate the Bank’s lending and treasury management processes, enabling the bank to ultimately better serve its customers.

Bank of Southern California N.A. Announces $7 Million Capital Offering

SAN DIEGO, Calif., Sept. 27, 2016 (SEND2PRESS NEWSWIRE) — Bank of Southern California N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today that it has signed a stock purchase agreement for a private placement of $7 million of the Bank’s common stock with Castle Creek Capital, based in Rancho Santa Fe, California. The transaction is anticipated to close in the fourth quarter, subject to regulatory approvals and other standard closing conditions.

14,000 Kids Benefit From Generous Donation from Redstone Bank

CENTENNIAL, Colo., Aug. 31, 2016 (SEND2PRESS NEWSWIRE) — On August 29, 2016. Redstone Bank made a generous donation of $50,000 to the Whiz Kids Program. The Whiz Kids program is an individualized tutoring program that has over 800 volunteers who tutor less fortunate students from schools throughout the Denver Metropolitan Area.

Bank of Southern California Recognized as a Top Small Business Lender

SAN DIEGO, Calif., Aug. 29, 2016 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) has been recognized as a top small business lender in San Diego County based on the volume of SBA 7(a) loans originated according to the San Diego District Office of the U.S. Small Business Administration’s fiscal year-end lender rankings as of July 31, 2016.

Bank of Southern California Completes Acquisition of Opus Bank Branch

SAN DIEGO, Calif., Aug. 26, 2016 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) has completed the purchase of the deposits of the La Quinta branch of Opus Bank. The transaction closed on Friday, August 19, 2016. Customers of the Opus Bank La Quinta branch were consolidated into the existing La Quinta branch of Bank of Southern California. As of Monday, August 22, 2016, the former Opus Bank La Quinta customers now have access to all Bank of Southern California locations, including three Coachella Valley branches located in La Quinta, El Paseo-Palm Desert, and Rancho Mirage.

Mid America Mortgage to Purchase eNotes through Its Correspondent Channel

ADDISON, Texas, Aug. 25, 2016 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode today announced it will purchase eNotes for loans closed electronically from approved sellers through its correspondent lending channel.

Bank of Southern California Provides $5 Million in Financing to OWB Real Estate Holdings, LLC

SAN DIEGO, Calif., July 20, 2016 (SEND2PRESS NEWSWIRE) — Bank of Southern California N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that it has provided $5 million in financing as senior lender in part of a larger financing arrangement for OWB Real Estate Holdings, LLC. The financing was a combination of bank borrowing, and loans secured through the Federally backed New Market Tax Credit program. The financing provided funds used for the acquisition of land, improvements, and equipment of a shuttered beef slaughter and processing plant in Brawley, Calif., formerly operated by National Beef.

Evolve Bank & Trust Selects ReverseVision Exchange (RVX) Loan Origination Software

SAN DIEGO, Calif., July 13, 2016 (SEND2PRESS NEWSWIRE) — ReverseVision is pleased to announce that Memphis, Tennessee-based Evolve Bank & Trust (Evolve), a full-service commercial bank and mortgage lender serving customers and communities nationwide, has selected RV Exchange (RVX) reverse mortgage loan origination software (LOS).

Bank of Southern California to Acquire Opus Bank Branch

SAN DIEGO, Calif., June 1, 2016 (SEND2PRESS NEWSWIRE) — Bank of Southern California (OTC Pink: BCAL / OTCMKTS:BCAL) announced that it has reached a definitive agreement to acquire the deposits of the La Quinta branch of Opus Bank located at 78080 Calle Estado #101, La Quinta, pending regulatory approval. The sale is anticipated to close on or about August 19, 2016.

Wells Fargo Approves Hybrid eClosings on Pavaso’s Digital Close Platform

PLANO, Texas, May 26, 2016 (SEND2PRESS NEWSWIRE) — Pavaso, Inc. (Pavaso), a provider of digital process and collaboration solutions for the real estate lifecycle, announced that Wells Fargo has named Pavaso an approved vendor for “hybrid” eClosings. In a hybrid eClosing, select documents are printed and “wet signed,” but much of the closing package is executed electronically. Effective immediately, Wells Fargo will accept loans closed on Pavaso’s Digital Close(SM) platform using this hybrid process.

ReverseVision’s Wendy Peel Named a 2016 ‘Elite Woman in Mortgage’ by Mortgage Professional America Magazine

SAN DIEGO, Calif., May 12, 2016 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced that Vice President of Sales and Marketing Wendy Peel is one of Mortgage Professional America (MPA) magazine’s 2016 ‘Elite Women in Mortgage.’

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

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.

Simplifile Signs On 22 Additional Counties in Midwest, West Coast Regions

PROVO, Utah, May 12, 2016 (SEND2PRESS NEWSWIRE) — Simplifile, a leader in electronic document and data workflow technology for lenders, settlement agents and counties, announced it added 22 additional county recording offices in the Midwest and on the West Coast to its e-recording platform. These new counties are located in Idaho, Illinois, Kansas, Michigan, Minnesota, Missouri, North Dakota, Ohio, Oregon, Washington and Wisconsin.

The Mortgage Collaborative Adds 14 New Lender Members

SAN DIEGO, Calif., May 11, 2016 (SEND2PRESS NEWSWIRE) — 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 and Strategic Alliances, Rich Swerbinsky.

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

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.

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

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.

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

Simplifile Adds 16 County Recording Offices Across Southeast, Mid-Atlantic

PROVO, Utah, May 5, 2016 (SEND2PRESS NEWSWIRE) — Simplifile, a leader in electronic document and data workflow technology for lenders, settlement agents and counties, announced it has installed its e-recording solution in 16 additional county recording offices across Alabama, Arkansas, Georgia, Florida, Louisiana, North Carolina and Pennsylvania.

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

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.

Simplifile and Landtech Data Corporation Integration Streamlines E-Recoding Process for Settlement Service Providers

PROVO, Utah, May 2, 2016 (SEND2PRESS NEWSWIRE) — Simplifile, the nation’s largest e-recording service provider, has partnered with Landtech Data Corporation (Landtech) to improve recording efficiency and ease payment processing for Landtech’s nationwide customer base. The integration will further advance the efficiency of the e-recording process by allowing settlement service providers to submit and pay for their e-recording documents using Simplifile without ever leaving the Landtech system.

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

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.

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

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.

Kt Duong and Troy Ferguson Join Bank of Southern California

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.

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

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

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.

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

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.

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

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.

IDS Hits Multiple Daily Mortgage Document Preparation Records in 2015, Achieves Significant Growth Despite TRID Challenges

SALT LAKE CITY, Utah, April 18, 2016 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it achieved 11 single-day company records for total document orders in 2015. Overall document fulfillment increased 24 percent from 2014 to 2015, with initial disclosures and closing documents seeing similar growth (26 percent and 22 percent, respectively). IDS also saw increased adoption of its eSign functionality in 2015, with 45 percent more documents electronically signed as compared to 2014.

LeaseAccelerator Announces FASB ASC 842 and IFRS 16 Compliant Accounting Solution for Equipment Leases

GREAT FALLS, Va., April 18, 2016 (SEND2PRESS NEWSWIRE) — LeaseAccelerator, the leader in Equipment Lease Management software, today announced a new release featuring updated functionality to support the new lease accounting standards introduced by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). With support for FASB ASC 842 and IFRS 16, LeaseAccelerator customers can now confidently comply with the financial reporting requirements of the U.S. Securities and Exchange Commission (SEC) and other international regulators in time for the 2019 implementation deadlines.

DocMagic Named ‘Top 100 Mortgage Employer’ for 2016 by National Mortgage Professional Magazine

TORRANCE, Calif., April 14, 2016 (SEND2PRESS NEWSWIRE) — DocMagic, Inc. the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that it was named to National Mortgage Professional magazine’s annual ‘Top 100 Mortgage Employers’ list for 2016.