Mortgage News - Page 4

Page 4 of Mortgage News issued by the Send2Press® Newswire service.



Mortgage Professional America Names Matic Co-Founder Ben Madick to Its Hot 100 List of Industry Visionaries

SHERMAN OAKS, Calif., Feb. 8, 2018 (SEND2PRESS NEWSWIRE) — Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner’s insurance during the mortgage transaction, announced today that company co-founder and COO Benjamin Madick has been named one of Mortgage Professional America (MPA) magazine’s “Hot 100.” Madick was recognized for his career-long contributions to the mortgage industry and for establishing the strategic partnerships that have fueled Matic’s rapid growth.

FormFree’s Brent Chandler Named Among Mortgage Professional America’s Hot 100

ATHENS, Ga., Feb. 8, 2018 (SEND2PRESS NEWSWIRE) — FormFree(R) today announced that company founder and CEO Brent Chandler has been recognized by Mortgage Professional America (MPA) magazine in its annual Hot 100 list of mortgage professionals whose contributions are shaping America’s home finance future. Chandler was recognized as the creator of AccountChek(R) – the mortgage industry’s first automated asset verification tool – and for advancing innovative approaches to income and employment verification using asset data and augmented intelligence (AI).

ReverseVision Vice President of Sales and Marketing Wendy Peel Included in MPA’s 2018 Hot 100

SAN DIEGO, Calif., Feb. 8, 2018 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, announced today that Vice President of Sales and Marketing Wendy Peel has been named to Mortgage Professional America (MPA) magazine’s Hot 100 list. Peel was selected for her influential role in bringing HECM loans into the mortgage mainstream as part of a Generational Lending approach to serving borrower needs across the consumer lifecycle.

Movement Mortgage Implements CompenSafe to Automate LO Compensation

MACON, Ga., Feb. 7, 2018 (SEND2PRESS NEWSWIRE) — LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced that South Carolina-based Movement Mortgage has implemented CompenSafe(TM) to automatically calculate commissions for its loan originators (LOs) located in 700 branches across 49 states.

Subsequent QC, LLC Urges Lenders to Protect MSRs Ahead of Mortgage Servicing Activity in 2018

LOS ANGELES, Calif., Jan. 30, 2018 (SEND2PRESS NEWSWIRE) — Subsequent QC, LLC (SQC) President Michael Steer today advised lenders to take steps to protect their Mortgage Servicing Rights (MSR) assets ahead of an anticipated increase in total mortgage servicing volume. According to the Mortgage Bankers Association, outstanding mortgage debt is expected to reach $10.4 trillion by the end of 2018, compared to $10 trillion in 2017 and $9.7 trillion in 2016.

Critical Loan Defect Rates Increase for Third Consecutive Quarter

POMPANO BEACH, Fla., Jan. 30, 2018 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), announced the release of the ARMCO Mortgage QC Trends Report for the second quarter of 2017.

LBA Ware’s CompenSafe Hits $1 Billion in Lifetime LO Compensation Calculations

MACON, Ga., Jan. 26, 2018 (SEND2PRESS NEWSWIRE) — LBA Ware(TM), a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced their sales incentive platform CompenSafe calculated $1 billion in lifetime origination commissions and operational bonuses in 2017. LBA Ware also experienced notable year-over-year growth, marked by a 152 percent increase in total compensation processed and a 130 percent increase in the number of lenders using LOS Talker, the company’s systems integration solution.

Addition of 23 Jurisdictions in the Eastern U.S. Pushes Simplifile E-recording Network Past the 1,700th Mark

PROVO, Utah, Jan. 24, 2018 (SEND2PRESS NEWSWIRE) — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that 23 additional recording jurisdictions throughout the Northeast, Mid-Atlantic, and Southeast have adopted Simplifile’s e-recording platform.

DocMagic Reaches 300 Million Mortgage eSignings as More Borrowers Opt for eSigning and More Lenders Require Proof of TRID Compliance

TORRANCE, Calif., Jan. 24, 2018 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has processed more than 300 million mortgage-related electronic signatures.

iEmergent Joins The Mortgage Collaborative’s Preferred Partner Network

SAN DIEGO, Calif., Jan. 23, 2018 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative, the nation’s only independent mortgage cooperative, today announced the addition of forecasting and analytics firm iEmergent to its Preferred Partner network. iEmergent offers TMC members market-based forecasts that can drill down into communities, making the intelligence relevant to both high-level strategic issues and specific market challenges.

FormFree Celebrates Its Tenth Year of Operations with Broader Investor Acceptance, New Products and Features for Lenders

ATHENS, Ga., Jan. 19, 2018 (SEND2PRESS NEWSWIRE) — The last 24 months have seen aggressive growth and milestone achievements for automated verification provider FormFree – and now the fintech company is setting its sights on achieving even greater market penetration in 2018 thanks to broader investor acceptance and new products and features designed to meet lenders’ unique needs.

MQMR Announces Internal Audit Services Compliant with Fannie Mae Seller/Servicer December 19 Update

LOS ANGELES, Calif., Jan. 18, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Quality Management and Research, LLC (MQMR), a leader in mortgage risk management and compliance services, today announced that its Internal Audit services offering meets or exceeds the requirements for Fannie Mae seller/servicers to be in compliance with the December 19, 2017 Fannie Mae Selling Guide Announcement SEL-2017-10 update.

Mortgage Capital Trading COO Phil Rasori Scheduled to Speak at the Independent Mortgage Bankers Conference

SAN DIEGO, Calif., Jan. 16, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that its COO, Phil Rasori, will be speaking on a panel session at the MBA’s 2018 Independent Mortgage Bankers Conference on Wednesday, January 24, 2018 being held at the Ritz-Carlton in Fernandina Beach, Florida.

Record Year for Cloudvirga Closes with Customers of Its Digital Mortgage Platform Producing Over $100B in Loan Volume

IRVINE, Calif., Jan. 16, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM) CEO Michael Schreck is on a mission to help mortgage lenders reinvent the mortgage factory. A developer of intelligent mortgage point-of-sale platforms, Cloudvirga gives consumers and loan officers a digital mortgage experience and helps lenders grow market share by automating the mortgage back office, saving them up to $1,500 a loan.

Smaller Originators Will Follow Top Lenders’ Lead in Making Homeowner’s Insurance Part of the Digital Mortgage, Says Matic CEO

SHERMAN OAKS, Calif., Jan. 16, 2018 (SEND2PRESS NEWSWIRE) — Integrating homeowner’s insurance into the mortgage origination process is a relatively new idea – and one Matic CEO Aaron Schiff anticipates will gain traction in 2018. His firm expects small and mid-sized mortgage operations will follow the lead of several marquee lenders that added homeowner’s insurance to their origination workflows last year.

Transformational Mortgage Solutions (TMS) Founder David Lykken Names Beth Ozenghar President and COO

AUSTIN, Texas, Jan. 15, 2018 (SEND2PRESS NEWSWIRE) — Leading mortgage industry management consulting firm Austin, Texas-based Transformational Mortgage Solutions (TMS) today announced that it has named Beth Ozenghar its new president and COO. Ozenghar, whose mortgage career spans three decades, had been in the role of senior executive advisor with TMS since 2016. TMS Founder David Lykken will retain the title of founder and chief transformation officer, focusing on spearheading the firm’s management consulting engagements.

Mortgage Capital Trading Bolsters its Marketing Team with the Addition of Ian Miller as CMO

SAN DIEGO, Calif., Jan. 10, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that Ian Miller has joined the company as Chief Marketing Officer (CMO). In this newly created position, he is responsible for ensuring that MCT’s marketing strategy effectively supports the company’s business plan and helps drive growth.

Digital Mortgage Point-of-Sale Pioneer Cloudvirga Hires Sean McEvoy as Chief Customer Officer

IRVINE, Calif., Jan. 9, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, has appointed Sean McEvoy as its chief customer officer. As a member of the senior leadership team, McEvoy will be responsible for the firm’s customer leadership, implementation and support functions. He has an extensive background in building world-class customer success organizations at FileNET, IBM, Quest and Dell. He will report to Cloudvirga CEO Michael Schreck.

TRK VP Colton Hansen Named a 2017 ’40 Under 40′ by National Mortgage Professional Magazine

SALT LAKE CITY, Utah, Jan. 5, 2018 (SEND2PRESS NEWSWIRE) — TRK Connection (TRK), a leading provider of mortgage quality control and origination management solutions, announced today that Vice President of Business Development Colton Hansen has been named one of “The 40 Most Influential Mortgage Professionals Under 40” for 2017 by industry trade magazine National Mortgage Professional.

AccountChek by FormFree Automated Asset Report Now Accepted for VA Loans

ATHENS, Ga., Jan. 5, 2018 (SEND2PRESS NEWSWIRE) — FormFree(R) today announced that asset reports generated by its AccountChek(R) automated asset verification service meet all underwriting guidelines established by the U.S. Department of Veterans Affairs (VA) for loans guaranteed by its Loan Guaranty Service. The announcement follows the VA’s December 29, 2017, release of Circular 26-17-43, which was issued in response to increasing lender interest in automated verification of borrower assets for VA loans.

Global DMS Valuation Management Platform is Now Integrated with Black Knight’s LoanSphere Exchange Technology

LANSDALE, Pa., Jan. 4, 2018 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of cloud-based valuation management software, announced that it has integrated with Black Knight’s LoanSphere Exchange platform, an online, collaborative technology that connects more than 25,000 mortgage industry service and solution providers.

Supreme Lending Branch Partners with May We Give for Love

DALLAS, Texas, Jan. 2, 2018 (SEND2PRESS NEWSWIRE) — Supreme Lending, a nationwide lender, has announced that its San Diego, California branch has partnered with May We Give for Love, a San Diego-based nonprofit organization that provides financial contributions and volunteer support to several local charitable causes.

Michael Cooksey Named One of National Mortgage Professional Magazine’s ’40 Under 40′

DALLAS, Texas, Dec. 27, 2017 (SEND2PRESS NEWSWIRE) — The Cooksey Team, a top producing retail branch of Mid America Mortgage, Inc., announced today that its founder Michael Cooksey has been named one of “The 40 Most Influential Mortgage Professionals Under 40” for 2017 by industry trade magazine National Mortgage Professional.

Cloudvirga Co-founder Kyle Kamrooz Named One of National Mortgage Professional Magazine’s 40 Most Influential Mortgage Professionals Under 40

IRVINE, Calif., Dec. 21, 2017 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, today announced that its co-founder and Chief Strategy Officer Kyle Kamrooz has been named one of National Mortgage Professional magazine’s 40 Most Influential Mortgage Professionals Under 40.

Matic COO Named One of National Mortgage Professional Magazine’s 40 Most Influential Mortgage Professionals Under 40

SHERMAN OAKS, Calif., Dec. 21, 2017 (SEND2PRESS NEWSWIRE) — Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner’s insurance during the mortgage transaction, announced today that company co-founder and COO Benjamin Madick has been named one of National Mortgage Professional magazine’s “40 most influential mortgage professionals under 40.”

The Mortgage Collaborative Adds FullCircle Placements to Preferred Partner Network

SAN DIEGO, Calif., Dec. 19, 2017 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative, the nation’s only independent mortgage cooperative, today announced the addition of FullCircle Placements to its Preferred Partner network. FullCircle will be the first mortgage-centric recruiting and placement service provider within TMC’s network.

ReverseVision Names New CTO and VP of Operations to Senior Management Team

SAN DIEGO, Calif., Dec. 19, 2017 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced it has added new Chief Technology Officer (CTO) Jim Magner and Vice President of Operations Stacey Lund to its senior management team.

Mortgage Automation Trailblazer Cloudvirga Hires Jim Portner as Chief Product Officer

IRVINE, Calif., Dec. 14, 2017 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, has hired Jim Portner as chief product officer. Portner will report to Cloudvirga CEO Michael Schreck and will oversee product strategy, development and marketing for the company’s digital mortgage automation platforms.

OpenClose Adds AFR’s Flood Services to its LOS via Seamless Interface

WEST PALM BEACH, Fla., Dec. 13, 2017 (SEND2PRESS NEWSWIRE) — OpenClose(R), a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it partnered with AFR Services (AFR) to enable customers to access the company’s complete suite of flood services. Using the interface makes it quick and easy to order AFR’s various flood services directly from within OpenClose’s LenderAssist(tm) LOS.

The Mortgage Collaborative Adds United Capital Markets to Preferred Partner Network

SAN DIEGO, Calif., Dec. 12, 2017 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative, the nation’s only independent mortgage cooperative, today announced the addition of United Capital Markets, Inc. (UCM), the mortgage industry’s leading outsource provider of dynamic MSR hedging. UCM will provide TMC Lender Members strategic advice to bank-owned and private mortgage companies focusing on MSR investment strategies, balance sheet optimization and the capital stack.

ARMCO Announces New Loan Data Validation Tools

POMPANO BEACH, Fla., Dec. 11, 2017 (SEND2PRESS NEWSWIRE) — ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), has announced the release of a new technology for mortgage lenders and servicers that improves data validation in the QC process.

The Mortgage Collaborative Adds FundingShield to Preferred Partner Network

SAN DIEGO, Calif., Dec. 7, 2017 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative, the nation’s only independent mortgage cooperative, today announced the addition of FundingShield to its Preferred Partner network. FundingShield offers TMC members a pair of loan level verification services to protect lenders by assuring closing funds go to verified bank accounts belonging to licensed and authorized parties. FundingShield provides actionable intelligence to lenders while other services may provide data that you have to interpret.

Docutech and Cloudvirga Partner to Help Loan Officers Work More Efficiently

IRVINE, Calif., Dec. 7, 2017 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, today announced a partnership with Docutech that will enable Cloudvirga’s lender customers to work more efficiently, reduce the cost of document compliance and make the home loan experience more convenient for borrowers.

Waterstone Mortgage to Manage QC Audits Using TRK’s Insight RDM

SALT LAKE CITY, Utah, Dec. 7, 2017 (SEND2PRESS NEWSWIRE) — TRK Connection (TRK), a leading provider of mortgage quality control and origination management solutions, announced today that Wisconsin-based Waterstone Mortgage Corporation has chosen the Insight Risk & Defect Management (RDM) platform to conduct its internal quality control (QC) audits.

Maxwell Closes New $3M Funding Round to Accelerate Pace of Mortgage Innovation

DENVER, Colo., Dec. 6, 2017 (SEND2PRESS NEWSWIRE) — Maxwell Financial Labs, Inc., a leading provider of B2B digital mortgage cloud software, announced today a new funding round of $3 million, led by the investment arm of Anthemis Group, a company committed to cultivating change in financial services, with participation from Route66 Ventures and Assurant Inc., along with its existing investors.

FormFree Provides Industry’s Most Complete Analysis of Borrower Ability to Pay with Data from Envestnet | Yodlee Risk Insight Solutions

ATHENS, Ga., Dec. 6, 2017 (SEND2PRESS NEWSWIRE) — FormFree(R) today announced its expanded partnership with Envestnet(R) | Yodlee(R) (NYSE:ENV), a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. By leveraging Envestnet | Yodlee Risk Insight Solutions, FormFree will have access to new data points that help to reinforce its position as provider of the most complete and reliable asset, employment and income verification reports in the mortgage industry.

DocMagic Opens High-Tech Print Fulfillment Supercenter to Support Growth

TORRANCE, Calif., Dec. 5, 2017 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has opened a 12,000 square foot print fulfillment center minutes from its Torrance, California headquarters. DocMagic added the high tech “supercenter” to support lenders’ growing need for secure, compliant paper documents as the mortgage industry transitions to a 100 percent digital mortgage process.

Cloudvirga’s Kyle Kamrooz Honored with HousingWire Vanguard Award for Mortgage Industry Leadership

IRVINE, Calif., Dec. 1, 2017 (SEND2PRESS NEWSWIRE) — Cloudvirga(TM), the developer of intelligent mortgage point-of-sale (POS) platforms, today announced that its founder and COO Kyle Kamrooz is a winner of HousingWire’s third annual Vanguard Awards. Kamrooz was recognized for company leadership as well as his substantial contributions to the mortgage industry at large.

DocMagic’s Jonathan Kearns Appointed to MISMO Residential Standards Governance Committee

TORRANCE, Calif., Nov. 28, 2017 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Jonathan Kearns has been appointed to the Mortgage Industry Standards Maintenance Organization (MISMO) Residential Standards Governance Committee.

FormFree Appoints Housing Finance Authority Faith Schwartz to Board of Directors

ATHENS, Ga., Nov. 28, 2017 (SEND2PRESS NEWSWIRE) — FormFree(R) today announced that housing finance expert Faith Schwartz has been elected to its board of directors. Among the most influential leaders in the mortgage industry, Schwartz has played a firsthand role in shaping current housing finance best practices and public policy.