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.


Digital Mortgage Maven Kelly Purcell Joins NotaryCam as EVP of Marketing and Business Development

NEWPORT BEACH, Calif., Oct. 22, 2018 (SEND2PRESS NEWSWIRE) — NotaryCam, leader in online notarization and the original provider of mortgage eClosing solutions, today announced that the company has hired digital mortgage specialist Kelly Purcell as Executive Vice President of Marketing and Business Development.

Cloudvirga helps raise over $50,000 for cancer patients and wounded veterans

IRVINE, Calif., Oct. 18, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage software, helped raise more than $50,000 for wounded veterans and families affected by cancer as a corporate sponsor of the Finance of America Mortgage Charity Golf Tournament and Auction benefitting the Golden State Impact Project.

ReverseVision and STRATMOR Group Partner to Integrate First-Ever HECM Borrower Satisfaction Benchmark into MortgageSAT

SAN DIEGO, Calif., Oct. 15, 2018 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced it is partnering with leading mortgage industry advisory firm STRATMOR Group to develop the first-ever HECM borrower satisfaction benchmark as part of STRATMOR’s MortgageSAT Borrower Satisfaction Program.

FormFree and Freddie Mac Partner to Automate Income and Asset Assessment to Safely Speed Origination Process

ATHENS, Ga., Oct. 15, 2018 (SEND2PRESS NEWSWIRE) — Freddie Mac has named FormFree a designated third-party service provider for automated income and asset assessment capabilities. The announcement came as the GSE unveiled new enhancements to Loan Advisor(SM) at the Mortgage Bankers Association’s Annual Convention and Expo in Washington, D.C.

Thrive Mortgage partners with Cloudvirga to give its loan officers an edge with consumers

IRVINE, Calif., Oct. 15, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage software, today announced that full-service mortgage lender Thrive Mortgage LLC (formerly Georgetown Mortgage) is deploying Cloudvirga digital mortgage technology to loan officers across its more than 50 branch locations nationwide. The lender expects 70 percent of its loan production will be powered by Cloudvirga technology by the end of the quarter.

Secure Insight Creates National eClosing Training Program Using DocMagic’s Total eClose Solution

WASHINGTON, D.C., Oct. 15, 2018 (SEND2PRESS NEWSWIRE) — Secure Insight, a New Jersey-based data intelligence and vendor management firm, announced today at the MBA’s Annual Convention and Expo that it teamed with DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, to develop and host an online training program.

Cloudvirga Selected to Demo Mobile POS at MBA Annual Conference and Expo in Washington, DC

IRVINE, Calif., Oct. 12, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage software, announced that it has been selected to demo its recently launched Mobile POS at the Mortgage Bankers Association’s Annual Conference & Expo 2018, taking place October 14-17 at the Walter E. Washington Convention Center in downtown Washington, D.C.

Ainsworth Advisors Fields Top-Tier Mortgage Business Leaders to Guide Long Range Growth for World Class Lenders

DALLAS, Texas, Oct. 12, 2018 (SEND2PRESS NEWSWIRE) — Ainsworth Advisors, LLC, a group of veteran mortgage industry leaders offering strategic and tactical advice, helping improve efficiencies and developing strong leadership teams for world-class mortgage lending businesses, today announced it has deepened its bench strength with unparalleled expertise in key operations and planning areas.

FormFree and LoanBeam Partner to Automate Income Extraction and Calculation for Mortgage Lenders

ATHENS, Ga., Oct. 12, 2018 (SEND2PRESS NEWSWIRE) — Automated verification provider FormFree has partnered with LoanBeam, the leader in automated income extraction and calculation, to make it easy for mortgage lenders to solve two of their toughest underwriting challenges: collecting digital borrower financial data directly from the source and calculating qualified income with accuracy, consistency and efficiency.

OpenClose Launches RESTful API Suite, Expanding Connectivity to Third Party Applications and Services

WEST PALM BEACH, Fla., Oct. 10, 2018 (SEND2PRESS NEWSWIRE) — OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced the release of a RESTful API suite designed to offer its customers an easier, more cost effective and secure standardized solution to enable rich and deep direct interactions with their system of record from third party and home grown systems.

Mid America Mortgage Hires Pamela Misner to Manage Underwriting

ADDISON, Texas, Oct. 10, 2018 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode announced the firm has retained Pam Misner as Underwriting Manager. With nearly 30 years of mortgage expertise, Misner will direct Mid America’s mortgage loan underwriting and collaborating on the expansion of origination and production teams for Mid America’s West Coast branches.

DocMagic Teams with Several Southern California Non-Profit Groups and Organizations in Support of Breast Cancer Awareness Month

TORRANCE, Calif., Oct. 9, 2018 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has donated a shipment of its popular custom-made pink bunny slippers, which will be handed out at a blood drive event for Breast Cancer Awareness Month. Twenty percent of all donated blood will be given to cancer treatment and research.

LBA Ware’s Lori Brewer to Moderate Panel on Data-Driven Best Practices for Mortgage Lender Staffing at MBA Annual 2018

MACON, Ga., Oct. 9, 2018 (SEND2PRESS NEWSWIRE) — LBA Ware, the leading provider of automated compensation software and systems integration solutions for mortgage lenders, today announced that company Founder and CEO Lori Brewer will moderate a panel on the science of staffing a mortgage business at the 2018 Mortgage Bankers Association (MBA) Annual Convention and Expo, which takes place October 14-17 at the Walter E. Washington Convention Center in Washington, D.C.

FormFree to Host James Deitch Book Signing at 2018 MBA Annual Convention

ATHENS, Ga., Oct. 8, 2018 (SEND2PRESS NEWSWIRE) — Automated verification provider FormFree and co-sponsors LexisNexis Risk Solutions, LoanBeam, SingleSource and Teraverde will host a book signing and networking event featuring James Deitch, CPA, CMB, at the Mortgage Bankers Association’s Annual Convention and Expo being held Oct. 14-17, 2018 in Washington, D.C.

The Mortgage Collaborative Expands Benchmark, Collaboration Labs and Working Group Member Engagement Initiatives

SAN DIEGO, Calif., Oct. 8, 2018 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative (TMC), the nation’s only independent mortgage cooperative, today announced that they have added and expanded upon several of their member benefits. With the continued growth of their national lender member network, TMC has increased the size and scope of their engagement programs to offer even more opportunities for their members to network and collaborate.

MCT Adds Investors to Bid Tape AOT Tri-Party Agreement Automation in its Bid Auction Manager (BAM) Platform

SAN DIEGO, Calif., Oct. 5, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that new investor bid tape assignment-of-trade (AOT) loan sale executions are now available for sellers using its BAM whole loan trading platform.

Simplifile Completes West Virginia’s First E-recording Transaction

PROVO, Utah, Oct. 4, 2018 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that it has facilitated the first e-recording transaction in the state of West Virginia. The transaction was completed on Friday, Aug. 24 in Monongalia County, W. Va., which is the first recording jurisdiction in the state to begin e-recording land documents.

IDS Develops Fresh MortgageFlex Integration to Support Latest MISMO Standards

SALT LAKE CITY, Utah, Oct. 3, 2018 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has built a brand new interface with mortgage loan origination and servicing technology provider MortgageFlex Systems that operates on the MISMO Version 3.3 data standard.

FinKube, Plaid Offer Webinar on Digital Lending

DALLAS, Texas, Oct. 2, 2018 (SEND2PRESS NEWSWIRE) — FinKube, a company that provides AI-powered Platform-as-a-Service solutions for a range of industries, announced today that the company will offer a free webinar featuring Plaid Inc. – a financial technology platform that powers modern, digital financial services.

Mortgage Capital Trading Adds Multi-Factor Authentication to its MCTlive! Secondary Marketing Software

SAN DIEGO, Calif., Sept. 27, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has implemented multi-factor authentication (MFA) security protocols, which require multiple methods to verify a user’s identity for logins and transactions.

NEXT Mortgage Events Selects Advisory Board

EDMOND, Okla., Sept. 27, 2018 (SEND2PRESS NEWSWIRE) — NEXT Mortgage Events LLC, a creator of events for women mortgage executives, has announced the selection of the NEXT Advisory Board, a group of eight top mortgage industry executives. NEXT Advisory Board members were selected to advise event organizers on content, assuring that all sessions continue to address the needs of women executives at mortgage lending institutions and GSEs.

DocMagic and NotaryCam Integrate to Eliminate Reliance on In-Person Notarizations for Paperless eClosings

NEWPORT BEACH, Calif., Sept. 27, 2018 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, and NotaryCam, the leader in online notarization solutions, announced an integration that eliminates the need to wet-sign loan documents in the physical presence of a notary by allowing loan documents to be quickly and compliantly eNotarized online.

Experienced Mortgage Technologist Mark Michel Joins Growing Team at OpenClose

WEST PALM BEACH, Fla., Sept. 27, 2018 (SEND2PRESS NEWSWIRE) — OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it hired Mark Michel, an industry veteran in enterprise-level mortgage technology systems.

NotaryCam’s Rick Triola Named a Finalist for Orange County Business Journal’s ‘Innovator of the Year’ Award

NEWPORT BEACH, Calif., Sept. 26, 2018 (SEND2PRESS NEWSWIRE) — NotaryCam, leader in online notarization and the original provider of mortgage eClosing solutions, today announced that Founder and CEO Rick Triola was named a finalist for the Orange County Business Journal’s ‘Innovator of the Year’ award. Triola’s accomplishment was celebrated at an awards luncheon held September 20 at Hotel Irvine.

Newest Mortgage Company on the Sunset Strip, Vantage Home Loans, launches and targets the Luxury Los Angeles Home Market

WEST HOLLYWOOD, Calif., Sept. 26, 2018 (SEND2PRESS NEWSWIRE) — In today’s hyper competitive mortgage market with increasing competition from internet companies, Roger Mansourian has formed a new partnership and mortgage company – Vantage Home Loans – that specifically targets and caters to the creative financing needs of investors, small business owners, and luxury homeowners seeking a strong mortgage offering in California and Washington.

Simplifile Adds 29 Southeastern U.S. Counties to E-recording Network

PROVO, Utah, Sept. 25, 2018 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that 29 additional recording jurisdictions located in six states throughout the Southeastern U.S. have joined Simplifile’s e-recording network.

IDS Completes TRID 2.0 Updates to Mortgage Document Preparation Platform

SALT LAKE CITY, Utah, Sept. 25, 2018 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has completed modifications to its flagship mortgage document preparation platform idsDoc related to TRID 2.0. Updates were also made to the LE/CD and Totals pages within idsDoc, as well as the 1003 and Construction Lending sections.

Cloudvirga Co-founder Kyle Kamrooz named ‘Innovator of the Year’ by Orange County Business Journal

IRVINE, Calif., Sept. 21, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage software, today announced that company Co-founder Kyle Kamrooz has been named a 2018 “Innovator of the Year” by the Orange County Business Journal. Kamrooz was selected from a competitive field of over 70 nominees and honored at an awards luncheon at Hotel Irvine on September 20.

FormFree unveils NextGen at Digital Mortgage conference in Las Vegas

LAS VEGAS, Nev., Sept. 18, 2018 (SEND2PRESS NEWSWIRE) — FormFree today announced the release of NextGen, a new platform that builds on the company’s award-winning AccountChek service. Unveiled from the main stage of Digital Mortgage 2018 in Las Vegas, NextGen increases the precision and ease with which lenders determine their borrowers’ ability to pay loans.

Freddie Mac Expands eMortgage Solutions with DocMagic’s eVault Technology to Store and Control eNotes

TORRANCE, Calif., Sept. 18, 2018 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced today that Freddie Mac has implemented its SaaS-based eVault technology and SmartREGISTRY platform.

ARMCO Reduces Lender Data Validation Times by 50 Percent with DataSure

POMPANO BEACH, Fla., Sept. 17, 2018 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of technology for loan quality and compliance testing, data validation and analytics, announced the launch of DataSure(TM), a quality control technology that increases data validation accuracy and efficiency, and reduces lenders’ data validation task times by 50 percent or more.

TRK Connection Upgrades Mortgage QC Loan Sampling Functionality within Insight RDM, Adds Predictive Loan Quality Analytics

SALT LAKE CITY, Utah, Sept. 17, 2018 (SEND2PRESS NEWSWIRE) — TRK Connection (TRK), a leading provider of mortgage quality control (QC) and origination management solutions, announced it has enhanced the loan sampling functionality and added predictive analytics to its Insight Risk and Defect Management (RDM) mortgage QC audit platform.

Cloudvirga announces live from the Digital Mortgage conference stage its Mobile POS product

LAS VEGAS, Nev., Sept. 17, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage software, today announced its Cloudvirga Mobile POS, a mobile-first mortgage point-of-sale solution tuned to serve the needs of loan originators and homebuyers in a purchase mortgage market.

Maxwell Advances Mortgage Experience with the Release of Maxwell ApplyID – The Next Generation Loan Application and Enrichment API

DENVER, Colo., Sept. 17, 2018 (SEND2PRESS NEWSWIRE) — Digital mortgage leader Maxwell today announced the release of Maxwell ApplyID, its next generation mortgage loan application and data enrichment API. The new release will enable clients – from brokers to national mortgage lenders – to pre-populate loan application data and develop new customer intelligence capabilities.

SafeChain to Integrate ALTA Registry into Its Real Estate Wire Fraud Prevention Platform SafeWire

COLUMBUS, Ohio, Sept. 17, 2018 (SEND2PRESS NEWSWIRE) — SafeChain, the industry leader in wire fraud prevention software for land title, announced today that it will integrate the national ALTA Registry into its real estate wire fraud prevention platform SafeWire. Through the integration, mortgage lenders will be able to search the Registry and verify the identity of title insurance agents and settlement companies, providing an enhanced level of efficiency and security to the real estate transaction.

SafeChain Honored as 2018 Seed Stage Company of the Year at VentureOhio Awards

COLUMBUS, Ohio, Sept. 14, 2018 (SEND2PRESS NEWSWIRE) — SafeChain, the industry leader in wire fraud prevention software for land title, announced today that it was named 2018 Seed Stage Company of the Year by VentureOhio.

On Q Financial Selects LBA Ware’s CompenSafe to Improve Accuracy and Efficiency of Mortgage Loan Originator Commission Calculations

MACON, Ga., Sept. 13, 2018 (SEND2PRESS NEWSWIRE) — LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lenders, today announced that Arizona-based On Q Financial has selected CompenSafe to manage the numerous compensation plans created for its team of loan originators (LOs) nationwide.

MQMR: Mortgage Industry Margin Compression Calls for Fixed-Cost Approach to Compliance Support

LOS ANGELES, Calif., Sept. 13, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Quality Management and Research, LLC (MQMR) President Michael Steer today advised lenders to adopt a fixed-cost approach to compliance support in the face of margin compression and declining per-loan profits. By investing in a fixed-cost solution for compliance, lenders can better manage their monthly expenses while ensuring they remain compliant, thus avoiding potential financial penalties associated with non-compliance.

San Diego Business Journal Honors Mortgage Capital Trading’s Natalie Arshakian with 2018 ‘Next Top Business Leaders Under 40’ Award

SAN DIEGO, Calif., Sept. 11, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that the San Diego Business Journal (SDBJ) named its employee Natalie Arshakian to the 2018 ‘Next Top Business Leaders Under 40’ list. The award program recognizes dynamic, young business leaders and role models who have significantly contributed to San Diego’s business climate and the community.

MorVest Capital Offering $1.8B in GNMA Mortgage Servicing Rights

SUGAR LAND, Texas, Sept. 10, 2018 (SEND2PRESS NEWSWIRE) — MorVest Capital, an industry leader in liquidity and balance sheet advisory services, is the exclusive agent for a $1.8 billion GNMA bulk mortgage servicing portfolio. The seller is an independent mortgage banker providing full reps and warrants. Portfolio characteristics include a 3.45 percent weighted average interest rate,