San Diego Business News

News from San Diego, California (CA) USA – San Diego business news, as issued by the Send2Press Newswire service.


Bank of Southern California NA Names Ian McKay Managing Director

SAN DIEGO, Calif., July 17, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has expanded its business development team with the hiring of Ian McKay as Managing Director of Business Banking. He will focus on developing and managing a portfolio of small to medium sized businesses located throughout Orange County.

Total Expert and ReverseVision Team Up to Transform the Reverse Mortgage Customer Journey

SAN DIEGO, Calif., July 10, 2019 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the reverse mortgage industry, today announced a partnership with Total Expert, creator of the first marketing operation system (MOS) specifically for banks and mortgage lenders. The two companies have deployed an API integration that links the Total Expert MOS with ReverseVision’s RV Exchange (RVX).

Legacy Global Development Announces Release of 4 New Bungalow Homes at ORCHID BAY, BELIZE

SAN DIEGO, Calif., July 9, 2019 (SEND2PRESS NEWSWIRE) — Legacy Global Development today announced the release of four new Bungalows at its luxurious Orchid Bay, Belize property. Beachfront Bungalows make owning a home in Belize attainable to a wider pool of potential buyers, as they have a more affordable price point than Orchid Bay’s other homes.

Bank of Southern California, N.A. Names Robby Piper Senior Managing Director

SAN DIEGO, Calif., July 1, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Robby Piper has joined the company as Senior Managing Director, Business Banking. He will be responsible for expanding Bank of Southern California’s client base.

Legacy Global Development Shares Insider Knowledge on What to Expect If Moving to Belize

SAN DIEGO, Calif., June 25, 2019 (SEND2PRESS NEWSWIRE) — Legacy Global Development, the developer of the beautiful Orchid Bay, Belize community and recognized as an expert source for living in Belize, shares its wisdom in a blog post titled, “Before Moving to Belize, You Need to Read This.”

Hometown Lenders Adopts ReverseVision Loan Origination Technology to Launch HECM and Reverse Lending Channel

SAN DIEGO, Calif., June 13, 2019 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that Hometown Lenders has implemented ReverseVision’s HECM and proprietary reverse loan origination technology to support the launch of the independent mortgage bank’s HECM lending channel.

Bank of Southern California NA Names Kamran Khosrovani Branch Managing Director

SAN DIEGO, Calif., June 12, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, announced today that it has hired Kamran Khosrovani as Branch Managing Director of Business Banking in Los Angeles. He will focus on client acquisition and retention as Bank of Southern California looks to further expand its presence throughout the greater Los Angeles region.

Legacy Global Development Shares Its Recommendations on the Top 10 Memorable Things to Do in Belize

SAN DIEGO, Calif., June 11, 2019 (SEND2PRESS NEWSWIRE) — Legacy Global Development, the developer of the luxurious Orchid Bay, Belize community and recognized as an expert source on Belize tourism, shares its Top 10 List of sites to see and things do while visiting Belize.

Legacy Global Development Shares Top 5 Misconceptions on Belize Real Estate

SAN DIEGO, Calif., June 4, 2019 (SEND2PRESS NEWSWIRE) — Legacy Global Development, the developer of the luxurious Orchid Bay, Belize community, shares its Top 5 Misconceptions about Belize real estate. As the number of real estate investors taking an interest in Belize continues to grow, there are misunderstandings about the home buying process and how it differs from buying property in the United States.

Legacy Global Development Today Announced the Launch of Four New Beach Villas for Sale at Orchid Bay, Belize

SAN DIEGO, Calif., May 20, 2019 (SEND2PRESS NEWSWIRE) — Legacy Global Development today announced the launch of four Beach Villas at its Orchid Bay, Belize community. The Beach Villas are new standalone homes being constructed on the most desired lots of the development, right on the water’s edge, and are the last of Orchid Bay’s remaining waterfront lots.

Blue Ridge Bank, N.A. Partners with ReverseVision to Launch HECM and Reverse Lending Division

SAN DIEGO, Calif., May 20, 2019 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that it has partnered with North Carolina-based Blue Ridge Bank, N.A. Mortgage Division (Blue Ridge Bank).

Windward Life Care Celebrates 15 Years of Meeting Evolving Needs of San Diego’s Aging and Disabled Adults

SAN DIEGO, Calif., May 16, 2019 (SEND2PRESS NEWSWIRE) — This month Windward Life Care(R) reached a milestone, celebrating 15 years of business. Since 2004, Windward Life Care has grown to be one of San Diego County’s premier aging services firms, evolving alongside the rapidly transforming elder care landscape.

MCT Officially Launches Trade Auction Manager to Enable Electronic TBA MBS Trading

SAN DIEGO, Calif., May 16, 2019 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has officially launched Trade Auction Manager(TM) (TAM) to enable more efficient bidding of TBA mortgage-backed securities used by lenders to hedge their open mortgage pipelines. The browser-based software module is accessible via MCTlive!, the company’s award-winning comprehensive capital markets platform.

ReverseVision Launches Interactive Tool to Help Originators and Consumers Compare HECM Loans with HELOCs, First- and Second-Lien Mortgages

SAN DIEGO, Calif., May 15, 2019 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) and senior lending industry, today announced the release of the Comparison Calculator within RV Sales Accelerator (RVSA).

Bank of Southern California NA Names Sean Dlal Managing Director of Business Banking

SAN DIEGO, Calif., May 13, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Sean Dlal has joined the company as Managing Director of Business Banking in Del Mar. He will be responsible for expanding Bank of Southern California’s client base by actively seeking new business opportunities in the San Diego region.

Legacy Global Development Celebrates Surge of Vacation Home Sales at Its Beautiful Orchid Bay, Belize Property

SAN DIEGO, Calif., May 10, 2019 (SEND2PRESS NEWSWIRE) — Legacy Global Development today announced that they are experiencing a significant sales boost at its Orchid Bay, Belize property. Crediting the successful launch of its new Paradise Payment Program and Discovery Stay Tours, the property has over-sold its latest home offering, Bungalows; and has sold four out of six Phase 2 Beachfront Condominiums. All in just the last 6 weeks!

Bank of Southern California NA Announces First Quarter 2019 Results and Reports Growth Amidst Expansion

SAN DIEGO, Calif., May 7, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) today reported results for the first quarter ended March 31, 2019. Total assets grew to $769 million for the first quarter of 2019, a 47% increase compared to the first quarter of 2018. Quarterly net income increased 72% to $1.85 million compared to $1.07 million in Q1 of 2018. Total loans ended the quarter at $629 million and total deposits were $636 million.

Legacy Global Development Offering a Special $100,000 Discount to Buyers of Its Brand New, Beachfront Condos at Orchid Bay, Belize

SAN DIEGO, Calif., May 3, 2019 (SEND2PRESS NEWSWIRE) — Legacy Global Development today announced they are offering a $100,000 discount to buyers who reserve a Beachfront Condo in Tower-C at Orchid Bay, Belize. Interested buyers can also save $500 when booking a Discovery Stay, which is a 4-day, 3-night vacation to view the property and experience the Orchid Bay community and Belize, firsthand.

Mortgage Capital Trading Bolsters Executive Management Team with Addition of Leslie Winick as Chief Strategy Officer

SAN DIEGO, Calif., April 30, 2019 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that Leslie Winick has joined the company as Chief Strategy Officer (CSO). In this newly created position, Ms. Winick will play an integral role in helping MCT hone its strategic direction, further increase market share, manage rapid growth, and delight clients.

Bank of Southern California NA Appoints Rick Beatty Vice President, Underwriter

SAN DIEGO, Calif., April 22, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Rick Beatty Vice President, Underwriter. He will be responsible for structuring, analyzing and underwriting commercial credit for small to middle market companies as well as managing an existing portfolio of clients.

MCT Reorganizes Sales Processes, Expands National Sales Team, and Forms Client Success Group

SAN DIEGO, Calif., April 16, 2019 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, today announced it has restructured the company’s internal sales processes, bolstered the sales team, and launched a Client Success Group (CSG). Implementation of the changes pave the way for significant growth as the company continues innovating, launching new products and services, and on-boarding clients.

Bank of Southern California NA Promotes Tony DiVita to Chief Operating Officer

SAN DIEGO, Calif., April 15, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Tony DiVita Executive Vice President, Chief Operating Officer. Mr. DiVita joined Bank of Southern California in 2011 and most recently held the position of Executive Vice President, Chief Banking Officer.

As Belize Becomes Recognized as a Top Destination for Travelers and Expats, Orchid Bay Presents a Prime Investment Opportunity for Homeowners

SAN DIEGO, Calif., April 8, 2019 (SEND2PRESS NEWSWIRE) — As many North Americans are purchasing vacation homes, and retirees are choosing to move to tropical destinations full-time or part-time, Belize is quickly becoming the top choice for home buyers, says Legacy Global Development.

Bank of Southern California NA Appoints Gaylin Anderson to Chief Banking Officer

SAN DIEGO, Calif., April 8, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has appointed Gaylin Anderson Executive Vice President, Chief Banking Officer. Mr. Anderson previously served as Executive Vice President, Market Executive, and was responsible for the bank’s growth within the newly added Los Angeles and Orange County markets.

Keep Our Seniors Safe Act Passes Senate Committee – Portantino’s SB 172

SAN DIEGO, Calif., April 3, 2019 (SEND2PRESS NEWSWIRE) — Consumer Advocates for RCFE Reform (CARR) announces its collaboration and partnership with California State Senator Anthony Portantino (D, SD 25) in the drafting of Senate Bill 172 Firearms, enhancing safe storage protections for the two most vulnerable populations in our society: the elderly and children.

Legacy Global Development Announces Launch of The Paradise Retirement Plan at Orchid Bay, Belize

SAN DIEGO, Calif., April 3, 2019 (SEND2PRESS NEWSWIRE) — Legacy Global Development today announced the launch of the Paradise Retirement Plan at its prestigious Orchid Bay, Belize property. As many North Americans are purchasing vacation homes prior to retirement, then choosing to live in their vacation home full-time after they retire, the Paradise Retirement Plan is a home ownership program customized to cater to this growing real estate trend.

Bank of Southern California NA Extends Loan Facility to NTC Foundation

SAN DIEGO, Calif., April 2, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., announced today that it has extended a loan facility to the NTC Foundation, a San Diego-based non-profit organization focused on creating a destination for arts and culture at the former Naval Training Center in San Diego.

ReverseVision Named to HousingWire Magazine’s Tech100 List of Top Housing Technology Companies for a Fourth Year

SAN DIEGO, Calif., April 2, 2019 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced it has been named to HousingWire (HW) Magazine’s Tech100 list of innovative housing technology companies for a fourth time. ReverseVision was previously named a HW Tech100 honoree in 2015, 2017 and 2018.

Bank of Southern California NA Appoints Ashley Lopez as Branch Managing Director

SAN DIEGO, Calif., March 27, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Ashley Lopez as Branch Managing Director for the company’s Carlsbad office. She will be responsible for expanding Bank of Southern California’s market presence by actively seeking new business banking relationships with a focus on San Diego’s North County communities.

Legacy Global Development Announces Launch of Bungalow Homes at Orchid Bay, Belize

SAN DIEGO, Calif., March 22, 2019 (SEND2PRESS NEWSWIRE) — Legacy Global Development today announced the launch of new Bungalows at its luxurious Orchid Bay, Belize property. Their Bungalows make owning a home in Belize accessible to a wider pool of potential buyers, as they offer the same quality as Orchid Bay’s other homes at an incredible value. Additionally, Legacy is offering a financing option to the first six families who purchase a Bungalow, through its first-ever Paradise Payment Program.

MCT’s CMO Ian Miller Designated a 2019 ‘Top 40 Most Influential Mortgage Professionals Under 40’ by NMP Magazine

SAN DIEGO, Calif., March 15, 2019 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT) a leading mortgage hedge advisory and secondary marketing software firm, announced that its Chief Marketing Officer, Ian Miller, was recognized by National Mortgage Professional Magazine’s (NMP) for his industry accomplishments, landing him on the 2019 ‘Top 40 Most Influential Mortgage Professionals Under 40’ list.

The Mortgage Collaborative Adds Three New Board Members, 45 Lender Members and Grows Attendance at 2019 Winter Conference

SAN DIEGO, Calif., March 13, 2019 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative, a fast-growing independent mortgage cooperative of banks, credit unions and mortgage bankers, continues growth initiatives by adding three new mortgage executives to its Board of Directors. The new board members were voted in at their bi-annual member conference held in Austin, Texas.

Bank of Southern California NA Continues to Expand Its Business Development Team in Greater Los Angeles Area

SAN DIEGO, Calif., March 6, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce the expansion of its business development team in the Los Angeles market with the hiring of two seasoned banking professionals to support the company’s continued growth and expansion in the Southern California region.

Mortgage Capital Trading Scores High Marks in Overall Satisfaction, Lender Loyalty, and Functionality Effectiveness According to Recent Study by STRATMOR Group

SAN DIEGO, Calif., Feb. 19, 2019 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that the 2018 STRATMOR Technology Insight Study rated MCT as the leader in overall satisfaction, lender loyalty, and functionality effectiveness in the production pipeline hedging industry, according to survey respondents.

Magnifi Group and BESPA Global to Host Second Annual Lower Extremity IEP Fellows and Young Surgeons’ Course

SAN DIEGO, Calif., Feb. 14, 2019 (SEND2PRESS NEWSWIRE) — Lower Extremity Fellows, Residents and Young Surgeons from leading US Orthopaedic and Podiatric Surgery Centers and Hospitals will attend the 2nd annual Lower Extremity IEP Fellows & Young Surgeons’ Course, to be held in Denver, Colo., May 3 – 5, 2019, Magnifi Group announced today.

Bank of Southern California Announces Fourth Quarter and Year End 2018 Financial Results

SAN DIEGO, Calif., Feb. 11, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) announced quarterly net income of $2.0 million for the fourth quarter of 2018, compared to $875 thousand in the third quarter of 2018 and $1.1 million for the fourth quarter of 2017. For the year ended December 31, 2018, net income was $5.3 million compared to $4.0 million for the year ended December 31, 2017.

Bank of Southern California N.A. Names Scott Yates Regional Managing Director

SAN DIEGO, Calif., Feb. 6, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has expanded its business development team with the appointment of Scott Yates as Group Managing Director of Branch Sales and Deposit Origination.

Legacy Global Development Announces Phase 2 Expansion of Orchid Bay, Belize Beachfront Condos

SAN DIEGO, Calif., Feb. 5, 2019 (SEND2PRESS NEWSWIRE) — Legacy Global Development today announced the launch of its Phase 2 expansion for its Orchid Bay, Belize property. Phase 2 will include the construction of Tower-C, which will feature six ultra-luxurious Beachfront Condominiums. Architecture is being done by Zurcher Arquitectos, with interior design being handled by its sister company, Zurcher Interiors.

Bank of Southern California NA Appoints John E. Chung as Group Managing Director

SAN DIEGO, Calif., Jan. 30, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of John Chung as Group Managing Director of Business Banking. He will be responsible for leading the team’s impact of meeting the banking needs of small to medium sized businesses throughout Southern California.

Bank of Southern California, N.A. Names Bill Lamison Vice President, Underwriter

SAN DIEGO, Calif., Jan. 14, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has announced the appointment of Bill Lamison as Vice President, Underwriter. He will join the company’s established business banking team and will be responsible for structuring, analyzing and underwriting commercial credit for new clients as well as managing an existing portfolio of customers.