Mortgage News

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

MetaSource Launches Integrated Mortgage Services Web Site

SALT LAKE CITY, Utah, Sept. 23, 2016 (SEND2PRESS NEWSWIRE) — MetaSource, the leading provider of mortgage quality control (QC), risk management, and workflow automation solutions, announced it has launched Mortgage.MetaSource.com, a new, integrated web site for its suite of mortgage-related products and services.

MCT Lands on Inc. 5000 List of America’s Fastest-Growing Private Companies for the Sixth Year in a Row

SAN DIEGO, Calif., Sept. 20, 2016 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leader in mortgage risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, announced that it has earned a spot on the Inc. 5000 list for the sixth straight year. MCT had a three-year growth rate of 62 percent and annual revenue of $11.4 million for 2015.

Altavera Mortgage Services Selected as Capital Markets Cooperative Preferred Provider

DENVER, Colo., Sept. 19, 2016 (SEND2PRESS NEWSWIRE) — Altavera Mortgage Services (Altavera), the premier provider of third-party residential mortgage origination and closed loan review services, announced today that it has been named a preferred provider for Capital Markets Cooperative, LLC (CMC), a nationwide alliance of mortgage bankers.

Jody Collup Earns a Spot on the MReport’s Leading Ladies in Mortgage and Housing List Two Years in a Row

LANSDALE, Pa., Sept. 15, 2016 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of web-based compliant valuation management software, announced that its vice president of marketing, Jody Collup, has again been designated to the MReport’s 2016 “Leading Ladies” in Mortgage and Housing list.

ReverseVision to Host UserCon 2017 February 8–10 in San Diego

SAN DIEGO, Calif., Sept. 14, 2016 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced it will host its second annual user conference Feb. 8-10, 2017, at the Hilton San Diego Resort and Spa in San Diego, Calif. ReverseVision UserCon 2017 will deliver three days of educational programming, financial product sales training, networking opportunities and vendor exhibits tailored for industry newcomers as well as seasoned reverse mortgage loan originators and operations personnel.

Roostify and The Mortgage Collaborative Partner to Provide Mortgage Process Automation

SAN FRANCISCO, Calif., Sept. 8, 2016 (SEND2PRESS NEWSWIRE) — Roostify, a provider of automated mortgage transaction technology, today announced that the company has joined the Preferred Partner Network for The Mortgage Collaborative, an independent mortgage lending network of small, mid-sized and community-based lenders, in order to provide network members with access to Roostify’s mortgage technology platform.

Mid America Mortgage Adds Delinquent FHA-Insured Loans to Whole Loan Purchase Program

ADDISON, Texas, Sept. 8, 2016 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode today announced the firm will begin purchasing delinquent FHA loans as part of its whole loan purchase program. To be eligible for purchase, loans must have an active mortgage insurance certificate, and the original terms of the note must remain unmodified.

Mortgage WOMEN Magazine Names Simplifile VP Nancy Alley to Inaugural ‘Mortgage WOMEN in Technology’ Award

PROVO, Utah, Sept. 7, 2016 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced Vice President of Strategic Planning Nancy Alley has been recognized in the “Corporate Visionaries” category in the 2016 “Mortgage WOMEN in Technology” award from Mortgage WOMEN Magazine.

Mortgage Capital Trading and Fannie Mae Form Strategic Collaboration for the Benefit of Mutual Clients

SAN DIEGO, Calif., Sept. 7, 2016 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), an industry leading hedge advisor and developer of MCTlive!(TM), the award-winning secondary marketing software suite, has entered into a strategic collaboration with Fannie Mae(R) to facilitate new technology deployment, collaborative planning, and better service to mutual clients.

Renowned Retirement Income Expert Jamie Hopkins Joins ReverseVision Board of Directors

SAN DIEGO, Calif., Sept. 6, 2016 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced that Jamie Hopkins, Esq., MBA, LLM, CLU(R), RICP(R), has joined its board of directors. A noted expert and frequent speaker on matters of financial planning and retirement income, Hopkins is also a distinguished professor who has educated thousands of financial services professionals over the course of his career.

ARMCO Releases Inaugural Mortgage QC Industry Trends Report

POMPANO BEACH, Fla., Sept. 6, 2016 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced it has released its ARMCO Mortgage QC Industry Trends report, covering the first quarter of 2016. Using the Fannie Mae loan defect taxonomy, the report details the analysis of post-closing quality control data from loan files and findings captured by the ACES Analytics benchmarking system.

International Document Services (IDS) Acquires eMortgage Vendor Encomia

SALT LAKE CITY, Utah, Sept. 6, 2016 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services (IDS), a division of The Reynolds and Reynolds Company, today announced its acquisition of Encomia, an established provider of electronic mortgage (eMortgage) solutions to depository and non-depository lending institutions

IDS Hires Vince Wilson to Support Internal Mortgage Document Preparation Compliance

SALT LAKE CITY, Utah, Aug. 31, 2016 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has hired Vince Wilson as compliance officer and assistant in-house counsel. In this role, Wilson will be responsible for maintaining both federal and state compliance matrices and implementing changes to IDS compliance audits based on new laws and regulations.

Simplifile Adds 5 Counties in Western U.S. to Nation’s Largest E-Recording Network

PROVO, Utah, Aug. 30, 2016 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced the addition of five county recording offices across California, New Mexico, and Washington to its e-recording network, the nation’s largest.

San Diego Business Journal Names MCT to its Best Places to Work List for the Fifth Straight Year

SAN DIEGO, Calif., Aug. 30, 2016 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a recognized leader in mortgage risk management providing pipeline hedging, best-execution loan sales, and centralized lock desk services, announced that it has been named Best Places to Work by the San Diego Business Journal (SDBJ) for the fifth straight year.

Mortgage Financial Services Chooses AccountChek by FormFree to Expedite the Home Loan Process Through Automated Account Verification

ATLANTA, Ga., Aug. 25, 2016 (SEND2PRESS NEWSWIRE) — FormFree Holdings Corp. (FormFree), a provider of automated verification software, today announced that Mortgage Financial Services has selected AccountChek(TM) to automate borrower asset review for an easier, faster home loan application process.

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.

ReverseVision Integrates with Informative Research to Expand Credit Report Options for RV Exchange (RVX) LOS Users

SAN DIEGO, Calif., Aug. 23, 2016 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, announced it has completed its integration with Informative Research, one of the nation’s oldest and largest credit reporting agencies. The integration makes it faster and easier for users of RV Exchange (RVX) loan origination software (LOS) to order Premier Credit Report, Informative Research’s version of the tri-merge credit report that has become the mortgage industry standard.

ARMCO Tackles TRID Change of Circumstance Errors

POMPANO BEACH, Fla., Aug. 22, 2016 (SEND2PRESS NEWSWIRE) — Leading web-based financial services quality control (QC) software provider ACES Risk Management (ARMCO) announced it has made improvements to its TRIDCompare(R) tool to aid lenders in resolving TRID compliance issues regarding change of circumstance. Using Optical Character Recognition (OCR) technology with a 95 percent or better accuracy rate, the system automatically detects data discrepancies between multiple Loan Estimates (LEs) and Closing Disclosures (CDs).

IDS Adds Fulfillment Dashboard to Mortgage Document Preparation System

SALT LAKE CITY, Utah, Aug. 18, 2016 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has introduced a fulfillment dashboard to its flagship mortgage document preparation system idsDoc. Through the dashboard, users have the ability to view, track and manage all document fulfillment requests to IDS through a single location.

Altavera Mortgage Services Adds Kimberly Joyce as SVP of Sales

DENVER, Colo., Aug. 17, 2016 (SEND2PRESS NEWSWIRE) — Altavera Mortgage Services (Altavera), a leading provider of outsourced residential mortgage origination services and home of the industry’s most experienced staff of U.S.-based mortgage fulfillment experts, announced today it has hired Kimberly Joyce as senior vice president of sales. Kimberly brings 22 years of sales and business development experience to the role, in which she will oversee national sales for Altavera.

ARMCO Hires Mortgage Industry Veteran Dan Thoms as Chief Revenue Officer

POMPANO BEACH, Fla., Aug. 16, 2016 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced it has hired Dan Thoms as Chief Revenue Officer. Thoms possesses a deep background in the mortgage industry, having served in executive capacities for almost 20 years.

New American Funding Reverse Mortgage Operation Builds Out 47-State Footprint with ReverseVision RVX

SAN DIEGO, Calif., Aug. 11, 2016 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, is pleased to announce that Tustin, California-based national mortgage lender New American Funding is expanding its reverse mortgage lending operation to 47 states using the RV Exchange (RVX) loan origination software (LOS).

The Mortgage Collaborative Adds Twelve Providers to Preferred Partner Network

SAN DIEGO, Calif., Aug. 9, 2016 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative, an independent mortgage lending cooperative, today announced the formal approval of twelve new preferred partner companies to their national network, announced the Collaborative’s EVP of National Sales & Strategic Alliances, Rich Swerbinsky.

Nations Valuation Services Implements Platinum Data’s Collateral Expert – Addresses the Three Most Common Causes of Appraisal Delays

ALISO VIEJO, Calif., Aug. 8, 2016 (SEND2PRESS NEWSWIRE) — Platinum Data Solutions, a provider of valuation data and analytics solutions for the mortgage industry, has announced that Nations Valuation Services, a nationwide appraisal management company, has quantifiably improved its workflow processes by implementing Platinum Data’s Collateral Expert(R) property information report.

Mid America Mortgage Executes Its First eClosing, eNote

ADDISON, Texas, Aug. 2, 2016 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode today announced the firm has completed its first eClosing and eNote through its retail origination channel. Mid America intends to expand eClosing to all of its retail business, executing eNotes and utilizing electronic documents where allowed by local jurisdiction.

Altavera Mortgage Services SVP Penny Nelson Selected to HousingWire 2016 Women of Influence

DENVER, Colo., Aug. 1, 2016 (SEND2PRESS NEWSWIRE) — Altavera Mortgage Services (Altavera), the premier provider of third-party residential mortgage origination services, is pleased to announce that its senior vice president of mortgage operations Penny Nelson has been named to HousingWire’s 2016 Women of Influence list.

Simplifile VP Nancy Alley Named Mortgage Industry ‘Woman of Influence’ by HousingWire

PROVO, Utah, Aug. 1, 2016 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that Nancy Alley, vice president of strategic planning, was named to HousingWire magazine’s “Women of Influence” list for 2016.

Pavaso VP Nancy Pratt Selected as ‘Woman of Influence’ in Mortgage by HousingWire

PLANO, Texas, Aug. 1, 2016 (SEND2PRESS NEWSWIRE) — Pavaso, a provider of collaborative real estate technology, announced Nancy Pratt, the company’s vice president of partner relations and government affairs, has been named to the 2016 “Women of Influence” list compiled by HousingWire. Pratt was one of 43 women to be honored with this distinction this year, which was published in the August 2016 issue of the magazine.

Colony American Finance Implements OpenClose Loan Origination Platform (LOS)

WEST PALM BEACH, Fla., July 26, 2016 (SEND2PRESS NEWSWIRE) — OpenClose(R), an enterprise-class multi-channel loan origination system (LOS) provider, announced that Colony American Finance (CAF), a specialty finance company that provides innovative loan products to residential real estate investors, implemented the OpenClose loan origination platform to support its new Single Asset loan product across correspondent, wholesale and retail channels.

Simplifile Q2 2016 Report Finds Emerging Preference Among Lenders for Settlement Partners Who E-Record

PROVO, Utah, July 26, 2016 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today released quarterly figures summarizing the organization’s activities and achievements from April through June 2016.

Platinum Data Announces Enhanced Integration with Ellie Mae’s Encompass Mortgage Management Solution

ALISO VIEJO, Calif., July 25, 2016 (SEND2PRESS NEWSWIRE) — Platinum Data Solutions, a provider of valuation data and analytics solutions for the mortgage industry, announced an enhanced integration with Ellie Mae’s Encompass(R) all-in-one mortgage management solution. The enhanced integration allows lenders to order Platinum Data’s RealView(R) appraisal quality reports by submitting appraisal data in MISMO XML format directly through Encompass, to drive quality and efficiency in the loan origination process.

Veteran Reverse Mortgage Educator Dan Hultquist Joins ReverseVision as Director of Learning and Development

SAN DIEGO, Calif., July 20, 2016 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, has hired industry educator Dan Hultquist as director of learning and development. In this role, Hultquist will apply his experience in originating loans and working with retirement advisors to help ReverseVision bring a range of products, financial tools and educational techniques to the industry, ultimately driving volume growth.

Another 23 Counties Across South, Midwest Adopt Simplifile E-Recording

PROVO, Utah, July 15, 2016 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced it has expanded its e-recording network with the addition of 23 county recording offices across the South and Midwest.

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).

ReverseVision Celebrates Major Upgrades to ReverseVision Sales Accelerator (RVSA) Reverse Mortgage Origination Tool with ‘Closed-Loan Challenge’

SAN DIEGO, Calif., July 7, 2016 (SEND2PRESS NEWSWIRE) — ReverseVision today announced the release of key updates to ReverseVision Sales Accelerator (RVSA), a web-based loan origination tool specifically designed to assist loan officers with the sale of reverse mortgages. ReverseVision will celebrate the release with a “Closed-Loan Challenge” for loan officers who convert RVSA contacts into closed loans in ReverseVision Exchange (RVX) loan origination system (LOS) on or before October 31, 2016.

Simplifile Staffs Up to Support Mortgage Lender Initiatives

PROVO, Utah, June 28, 2016 (SEND2PRESS NEWSWIRE) — Simplifile, a leader in electronic document and data workflow technology for lenders, settlement agents and counties, announced it has made several new hires in order to better support its mortgage lending clients and product lines.

The Mortgage Collaborative Reaches $100B Origination Milestone

SAN DIEGO, Calif., June 27, 2016 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative, the industry’s only independent mortgage lending cooperative, has surpassed $100 Billion in originations with the addition of its 59th preferred member, Movement Mortgage.

Mid America Mortgage Selects AccountChek from FormFree to Support eMortgage Initiative

ATLANTA, Ga., June 23, 2016 (SEND2PRESS NEWSWIRE) — FormFree Holdings Corp. (FormFree), a provider of automated verification software, announced that Addison, Texas-based Mid America Mortgage has chosen AccountChek(TM) to conduct automated reviews of borrowers’ asset accounts as part of its push towards executing a complete eMortgage.

Quandis Unveils Technology Solution to Help Lending Entities Comply with Changes to the Military Lending Act

FOOTHILL RANCH, Calif., June 23, 2016 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading provider of default management software and services, announced that it released a technology solution to help lending organizations comply with changes to the Military Lending Act (MLA) that take effect on Oct. 3, 2016. The MLA provides a number of new rules set forth by the Department of Defense (DoD) that impacts lenders working with active duty service members and their dependents. Failure to adhere to the DoD’s amended compliance rules can result in severe repercussions.

The Mortgage Collaborative Announces Speakers for Summer Member Conference, August 20-23 at Four Seasons Hotel in Denver

SAN DIEGO, Calif., June 20, 2016 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative, an independent mortgage lending cooperative with a rapidly growing membership, will open the doors to its annual summer member conference two months from today on August 20 at the soaring Four Seasons Hotel in downtown Denver, Colorado.

Pavaso Achieves SOC 1 Certification of Pavaso Platform for Mortgage eClosing

PLANO, Texas, June 20, 2016 (SEND2PRESS NEWSWIRE) — Pavaso, Inc., a digital process and collaboration solutions provider, announced it has passed its Service Organization Control (SOC) 1(SM) audit for the Digital Close(SM) platform. This is the second SOC certification for Pavaso, as the company’s data center has already been SOC-2 certified.

Altavera Mortgage Services Names Jennifer Fountain SVP of Due Diligence

DENVER, Colo., June 16, 2016 (SEND2PRESS NEWSWIRE) — Altavera Mortgage Services (Altavera), the premier provider of third-party residential mortgage origination services, today announced that Jennifer Fountain has been named senior vice president of due diligence and will have oversight of its closed-loan file review business.

Pavaso Named Approved Vendor for eSignatures with Caliber Home Loans

PLANO, Texas, June 7, 2016 (SEND2PRESS NEWSWIRE) — Pavaso, Inc., a digital process and collaboration solutions provider, announced it has been approved as an eSignature vendor for digital mortgages by Irving, Texas-based Caliber Home Loans (Caliber). As a result, Caliber will now accept loans from its correspondent lenders that were completed using Pavaso’s Digital Close(SM) platform for eSign or eClosing.

ReverseVision Teams Up with Factual Data to Provide Integrated Credit Reporting Solutions to Users of RV Exchange (RVX) LOS

SAN DIEGO, Calif., June 6, 2016 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, has partnered with Factual Data to provide integrated credit reporting solutions to users of RV Exchange (RVX) loan origination software (LOS). Credit information supplied by Factual Data is available in RVX as of the system’s most recent update on April 18.

ReverseVision and Open Mortgage to Exhibit Reverse Mortgage Origination Solutions at 2016 EMERGE Forum in New Orleans

SAN DIEGO, Calif., June 2, 2016 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, is pleased to announce that it will be an exhibitor at the EMERGE: Consumer Financial Health Forum being held June 15-17 at the historic Roosevelt Hotel in New Orleans, Louisiana.

Altavera Mortgage Services Closed-Loan File Review Services Set for Q3 2016 Expansion

DENVER, Colo., May 24, 2016 (SEND2PRESS NEWSWIRE) — Altavera Mortgage Services (Altavera), the premier provider of third-party residential mortgage origination services, announced today that it will expand its closed-loan file review services beginning in Q3 2016. Closed-loan review, also known as pre-purchase review, is the review and approval of loans prior to investor purchase, or the audit of a loan package prior to purchase by a correspondent buyer or aggregator.

Arbor Bank Selects the Pavaso Digital Close Platform

PLANO, Texas, May 23, 2016 (SEND2PRESS NEWSWIRE) — Pavaso, Inc. (Pavaso), a provider of digital process and collaboration solutions for the real estate lifecycle, announced it has signed on Arbor Bank to its Digital Close(sm) platform to conduct eClosings for all Arbor Bank mortgage customers.

Open Mortgage Launches Reverse Mortgage Wholesale Operation on ReverseVision’s RV Exchange (RVX) LOS

SAN DIEGO, Calif., May 19, 2016 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, is pleased to announce that Texas-based mortgage lender Open Mortgage has launched its reverse mortgage wholesale operation on the RV Exchange (RVX) loan origination software (LOS).

Concord Mortgage Group Helps Baby Boomers Downsize Affordably with the HECM for Purchase Home Loan and ReverseVision Exchange (RVX)

SAN DIEGO, Calif., May 17, 2016 (SEND2PRESS NEWSWIRE) — ReverseVision announced today that Concord Mortgage Group (Concord), a Westerville, Ohio-based full-service mortgage banker and division of NOIC, Inc. (NMLS# 121455), has chosen RV Exchange (RVX) as its reverse mortgage loan origination software (LOS). Concord offers home-equity conversion mortgages (HECM), commonly called reverse mortgages, to clients in eight states.

OpenClose and MCT Streamline the Loan Sale and Purchase Advice Process for Secondary Marketing Departments

NEW YORK, N.Y., May 16, 2016 (SEND2PRESS NEWSWIRE) — MBA National Secondary Market Conference & Expo — OpenClose(R) an enterprise-class, multi-channel loan origination system (LOS) provider, announced that in conjunction with Mortgage Capital Trading, Inc. (MCT) it has developed a solution that normalizes and extracts a lender’s committed loan sale and purchase advice data to be uploaded directly into OpenClose’s LenderAssist(TM) LOS, thus eliminating significant manual intervention. Depending on the number of loans that have been executed, time savings can be reduced from days to minutes.