Mortgage News

Mortgage News – including news related to the mortgage industry, lenders, loan origination, fintech, home financing, compliance, mortgage technology, and related mortgage industry news from the Send2Press Newswire service.


Mid America Mortgage CEO Jeff Bode Named Top 25 Industry Leader by MReport

ADDISON, Texas, Feb. 15, 2019 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. announced today that CEO Jeff Bode has been named one of MReport’s 2019 “The Top 25 Industry Leaders & Influencers.” As MReport Editor-in-Chief Rachel Williams noted in the December 6 announcement regarding the awards program, “MReport’s Top 25 Industry Leaders list celebrates individuals whose unique perspectives are strengthening the industry’s future.”

MReport Magazine Names DocMagic’s Dominic Iannitti a ‘Top 25 Industry Leader and Influencer’

TORRANCE, Calif., Feb. 14, 2019 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that MReport magazine has named company president and CEO Dominic Iannitti one of its Top 25 Industry Leaders & Influencers for 2019.

American Financial Network Deploys CompenSafe to Provide Real-Time Reporting of Loan Originator Compensation

MACON, Ga., Feb. 8, 2019 (SEND2PRESS NEWSWIRE) — LBA Ware, provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, announced today that American Financial Network, Inc. (AFN), a mortgage lender with more than 125 branches nationwide, has adopted CompenSafe to manage loan originator (LO) compensation plans with greater efficiency and transparency.

IDS Caps Off a Successful 2018 with New Mortgage Doc Prep System Functionality, LOS Integrations, and Individual Honors

SALT LAKE CITY, Utah, Feb. 8, 2019 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it completed 139 updates to its flagship mortgage document preparation platform idsDoc in 2018. These updates were made in response to regulatory, client and investor directives.

American Society of Appraisers (ASA) partners with Anow to give real property appraisers a competitive edge

RED DEER, Alberta and WASHINGTON, D.C., Feb. 7, 2019 (SEND2PRESS NEWSWIRE) — Anow, creator of the leading software for real estate appraisal offices, today announced a partnership with the American Society of Appraisers (ASA) that gives members a significant discount off Anow’s core appraisal office management platform and early access to the tech firm’s cutting-edge products currently in development.

ARMCO Named a ‘Top 100 Mortgage Employer’ by National Mortgage Professional Magazine for Third Consecutive Year

POMPANO BEACH, Fla., Feb. 5, 2019 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of enterprise financial risk management solutions, announced that it was named among National Mortgage Professional (NMP) magazine’s annual Top 100 Mortgage Employers list for 2019. This is the third consecutive year the company has been recognized with this distinction.

SafeChain Collaborates with Accuity to Secure Real Estate Wire Transfers

COLUMBUS, Ohio, and EVANSTON, Ill., Feb. 4, 2019 (SEND2PRESS NEWSWIRE) — SafeChain, the industry leader in wire fraud prevention software and blockchain implementation for land title, announced today that it has integrated bank data from Accuity, the leading provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, to enhance the security of real estate transactions.

LBA Ware Adds Real-Time Mortgage Compensation Push Notifications to SimpleNexus Mobile Originator App

MACON, Ga., Jan. 31, 2019 (SEND2PRESS NEWSWIRE) — LBA Ware, provider of the leading automated compensation and sales performance management platform for mortgage lenders, today announced that it has completed a partial integration of its compensation platform CompenSafe(TM) with SimpleNexus’s enterprise digital mortgage solution. As a result, LOs will be able to receive real-time push notifications on calculated loan commissions directly through the SimpleNexus app.

FormFree President Faith Schwartz to Kick Off NEXT Mortgage Conference with Address on Succeeding in a Transitional Mortgage Market

ATHENS, Ga., Jan. 30, 2019 (SEND2PRESS NEWSWIRE) — FormFree today announced that Acting President Faith Schwartz will kick off the upcoming NEXT mortgage technology summit for women, which will take place February 7-8, 2019, at Hotel ZaZa in Dallas, Texas. Schwartz’s address, “Winning in a Transitional Market,” will take place on Thursday, February 7, from 8:20-8:50 a.m. CT on the event’s main stage.

National Mortgage Professional Magazine Designates OpenClose a Top Mortgage Employer for the Third Consecutive Year

WEST PALM BEACH, Fla., Jan. 30, 2019 (SEND2PRESS NEWSWIRE) — OpenClose, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that it was selected as a 2019 Top Mortgage Employer by National Mortgage Professional (NMP) magazine for the third straight year.

Nevada Now E-recording Statewide with Simplifile

PROVO, Utah and CARSON City, Nev., Jan. 30, 2019 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents and counties, today announced that Mineral County, Nev., has adopted its e-recording service.

NotaryCam Helps East Texas Title Complete Its First Remote Online Closing

NEWPORT BEACH, Calif., Jan. 29, 2019 (SEND2PRESS NEWSWIRE) — NotaryCam, the pioneering and market leader in remote online notarization and mortgage eClosing solutions, today announced that East Texas Title has executed its first remote online closing (ROC(TM)) in Texas since the state’s remote online notarization law went into effect. The transaction, which was executed using NotaryCam’s eClose360 eClosing platform, was performed on behalf of a couple currently located in Colorado and selling their property in Longview, Texas.

One of the Largest Independent Title Companies in Texas Expands Use of SafeWire to All 25 Offices

COLUMBUS, Ohio, Jan. 29, 2019 (SEND2PRESS NEWSWIRE) — SafeChain, the industry leader in wire fraud prevention software and blockchain implementation for land title, announced today that Providence Title, one of the largest independent title companies in Texas, has expanded its deployment of SafeWire to include all 25 offices throughout the state. Moving forward, Providence Title’s network of agents will use SafeWire to verify the identities of transaction participants, authenticate bank account ownership as well as securely store and transmit wiring instructions.

Cloudvirga’s Kyle Kamrooz named top mortgage professional under 40 for second consecutive year

IRVINE, Calif., Jan. 29, 2019 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage software, today announced that company Co-founder Kyle Kamrooz has been named to National Mortgage Professional (NMP) magazine’s list of the 40 most influential mortgage professionals under 40 for the second year in a row.

Matic Helps Servicers Shave Nearly 6 percent Off Homeowners’ Monthly Mortgage Costs in 2018

COLUMBUS, Ohio, Jan. 24, 2019 (SEND2PRESS NEWSWIRE) — Matic, the digital homeowners insurance marketplace built for mortgage servicers and lenders, reduced homeowners’ monthly mortgage costs an average of 5.5 percent in 2018 by delivering average per-household homeowners insurance savings of $517. The announcement comes on the heels of a year marked by rapid growth for Matic, which helped homeowners identify $124 million in savings over the course of quoting homeowners insurance for over $180 billion worth of residential real estate.

Digital mortgage provider Cloudvirga closes 2018 with customers producing nearly $200B in loan volume, secures $50m in capital

IRVINE, Calif., Jan. 24, 2019 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage software, closed the books on 2018 with a 54 percent year-over-year increase in mortgage loan volume processed through its intelligent Mortgage Platform(TM). The strong 2018 results topped a long list of achievements.

Business Association of Real Estate Appraisers (BAREA) partners with Anow to empower appraisal firms in Canada with transformative tech

RED DEER, Alberta, Jan. 22, 2019 (SEND2PRESS NEWSWIRE) — Anow, the appraisal firm management software developer that simplifies the way real estate appraisers manage their businesses, today announced a partnership that makes its powerful appraisal technology platform available to members of the Business Association of Real Estate Appraisers (BAREA).

FormFree Builds on Its Success in 2018 with Addition of New Products and Industry Partnerships, Including Freddie Mac

ATHENS, Ga., Jan. 22, 2019 (SEND2PRESS NEWSWIRE) — After a banner 2018 that included new partnerships, a product launch and several industry accolades, automated verification provider FormFree anticipates continued growth and innovation in 2019 thanks in part to an expanded focus on serving the needs of independent mortgage brokers.

Transformational Mortgage Solutions Appoints Michael Barrett as Mortgage Executive Consultant

AUSTIN, Texas, Jan. 22, 2019 (SEND2PRESS NEWSWIRE) — Leading mortgage industry management consulting firm Austin, Texas-based Transformational Mortgage Solutions (TMS), today announced that it has brought on Michael Barrett as mortgage executive consultant. In this role, Barrett will apply his more than 17-years of mortgage business and product development expertise to helping TMS clients improve process efficiencies, execute digital mortgage transformation strategies and expand profit margins.

LenderCity Chooses FinKube’s ELSA AI-Powered Virtual Assistant

DALLAS, Texas, Jan. 18, 2019 (SEND2PRESS NEWSWIRE) — FinKube, a company that provides AI-powered Platform-as-a-Service solutions for a range of industries, announced today that St. Louis-based LenderCity has successfully deployed ELSA, FinKube’s Electronic Loan Services Assistant. The mortgage industry’s first chatbot is already interacting with prospective borrowers on the LenderCity website.

Simplifile Adds 46 Midwest, West Jurisdictions to E-recording Network

PROVO, Utah, Jan. 18, 2019 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents and counties, today announced that 46 additional recording jurisdictions located in 13 states throughout the Midwest and Western U.S. have joined Simplifile’s e-recording network.

LBA Ware CEO to Discuss Loan Originator Compensation Trends in Today’s Market at MBA Independent Mortgage Bankers Conference

MACON, Ga., Jan. 15, 2019 (SEND2PRESS NEWSWIRE) — LBA Ware, provider of the leading automated compensation and sales performance management platform for mortgage lenders, today announced that its Founder and CEO Lori Brewer will be a panelist at the Mortgage Bankers Association’s (MBA) 2019 Independent Mortgage Bankers (IMB) Conference, which will be held January 28-31 at the Hyatt Regency San Francisco.

Anow Closes 2018 with 110-percent Year-over-Year Increase in Orders Processed Through Its Digital Appraisal Office Management Technology

RED DEER, Alberta, Jan. 15, 2019 (SEND2PRESS NEWSWIRE) — Digital appraisal management software developer Anow reported a record 110 percent year-over-year increase in appraisal orders processed through its core appraisal office management platform in 2018 despite an industry-wide, market-driven drop in orders per customer. The announcement follows a year punctuated by major product launches.

SafeChain Digitizes Property Deed Transfer and Conveyance for Perry County, Ohio

COLUMBUS, Ohio, Jan. 15, 2019 (SEND2PRESS NEWSWIRE) — SafeChain, the industry leader in wire fraud prevention software and blockchain implementation for land title, announced today it has completed the digital conversion of Perry County, Ohio’s deed transfer and conveyance process between the engineer and auditor. Beginning January 7, the Perry County Engineer’s office will be able to digitize property deeds before the inspection and mapping process.

ARMCO Launches ARMCO CARES Employee Donation Matching Program

POMPANO BEACH, Fla., Jan. 10, 2019 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of enterprise financial risk management solutions, announced the launch of ARMCO CARES, the company’s employee matching gift program.

Former FNF/Black Knight executive joins Cloudvirga as chief revenue officer

IRVINE, Calif., Jan. 10, 2019 (SEND2PRESS NEWSWIRE) – Cloudvirga(TM), a leading provider of digital mortgage software, today announced the appointments of Dan Sogorka as chief revenue officer and Kelly Kucera as senior vice president of marketing. Sogorka, a seasoned mortgage technology executive, will drive Cloudvirga’s continued revenue growth and oversee the firm’s sales and marketing strategy with the help of veteran cloud technology marketer Kucera.

The Cooksey Team Achieves 35 Percent Increase in Profitability in 2018 Despite Overall Mortgage Market Decline

DALLAS, Texas, Jan. 10, 2019 (SEND2PRESS NEWSWIRE) — The Cooksey Team, a top-producing retail branch of Mid America Mortgage, Inc., announced today it has achieved year-over-year growth in volume and profitability for the sixth year running. In 2018, The Cooksey Team increased its overall volume by 27 percent over the previous year and increased the number of loan units closed by 28 percent.

Triserv Becomes a Preferred Partner of The Mortgage Collaborative

ROSWELL, Ga., Jan. 9, 2019 (SEND2PRESS NEWSWIRE) — Triserv, a national appraisal management company (AMC), is proud to announce a strategic partnership with The Mortgage Collaborative to provide appraisal management services to the organization’s growing lender member network.

Ohio’s Largest Title Agent Selects SafeWire by SafeChain

COLUMBUS, Ohio, Jan. 8, 2019 (SEND2PRESS NEWSWIRE) — SafeChain, the industry leader in wire fraud prevention software and blockchain implementation for land title, announced today that Ohio Real Title, the largest title agent in the state, has selected its technology solution, SafeWire(TM), to securely facilitate real estate wire transactions for the firm’s eight offices throughout Ohio.

MCT’s Danyel Shipley Honored as one of Mortgage Banking’s Most Powerful Women for 2018 by NMP Magazine

SAN DIEGO, Calif., Jan. 7, 2019 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that long-time employee Danyel Shipley was name to National Mortgage Professional Magazine’s (NMP) 2018 list of Mortgage Banking’s Most Powerful Women.

The Mortgage Collaborative Adds 44 New Lender Members in 2018, Now Growing Staff to Serve Expansion

SAN DIEGO, Calif., Jan. 3, 2019 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative (TMC), the mortgage industry’s only independent cooperative, today announced it added 44 new lender member companies in 2018, its strongest year ever for new member growth. To help support the significant growth of their network, TMC has also added Sarah Oldani and Jennifer Haning to their staff.

Former Houzz and Drip leader joins Cloudvirga as vice president of talent

IRVINE, Calif., Jan. 3, 2019 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage software, today announced the appointment of Ashley Lundquist as vice president of talent. Lundquist will oversee the firm’s initiatives to attract, develop and retain top technology talent as Cloudvirga rapidly expands its team.

ARMCO QC Trends Report: Defect Trends Indicate Continued Lender Downsizing

POMPANO BEACH, Fla., Dec. 20, 2018 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of enterprise financial risk management solutions, announced the release of the quarterly ARMCO Mortgage QC Trends Report. The latest report provides loan quality findings for mortgages reviewed by ACES Audit Technology(tm) during the second quarter (Q2) of 2018.

United Community Bank Picks LBA Ware’s CompenSafe for Efficient, Flexible Automation of Loan Originator and Processor Commissions

MACON, Ga., Dec. 19, 2018 (SEND2PRESS NEWSWIRE) — LBA Ware, provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, announced today that Georgia-based United Community Banks, Inc. (NASDAQ: UCBI) (“United”) has deployed CompenSafe to automate loan originator (LO) and processor commissions.

SecurityNational Mortgage Implements a Fully Paperless Closing Process Using DocMagic’s Total eClose Platform

TORRANCE, Calif. and SALT LAKE CITY, Utah, Dec. 19, 2018 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant and document preparation, regulatory compliance and comprehensive eMortgage services, and SecurityNational Mortgage Corporation (SNMC), an independent national mortgage banker, jointly announced that they successfully rolled out DocMagic’s comprehensive Total eClose(TM) platform.

NotaryCam, Stewart Title Execute First Complete Purchase and Sale Mortgage Transaction via Remote Online Closing in Virginia

NEWPORT BEACH, Calif., Dec. 17, 2018 (SEND2PRESS NEWSWIRE) — NotaryCam, the leader in online notarization and the original provider of mortgage eClosing solutions, today announced it has completed the first remote online closing (ROC) for a purchase and sale transaction in Virginia in conjunction with Stewart Title.

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.

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.