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 Hires Market Executive to Grow the Bank’s Presence in Los Angeles

SAN DIEGO, Calif., May 22, 2018 (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 Gaylin Anderson has joined the company as Executive Vice President, Market Executive in Southern California. He will be responsible for leading Bank of Southern California’s regional presence by actively seeking new business opportunities while expanding upon current relationships.

Phil Laren of MCT to Speak on MSR Liquidity Challenges Panel Session at MBA National Secondary Conference

SAN DIEGO, Calif., May 10, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that its Director of MSR Services, Phil Laren, will be speaking on a panel at the MBA National Secondary Market Conference & Expo May 21 at the New York Marriott Marquis.

American Banker Magazine Names Mortgage Capital Trading to Inaugural Best Places to Work in Fintech List

SAN DIEGO, Calif., May 8, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that American Banker magazine named the company to its new Best Places to Work in Financial Technology list. MCT ranked number four out of only 20 companies that were honored.

Bank of Southern California N.A. Announces First Quarter 2018 Results

SAN DIEGO, Calif., May 2, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,072,303 for the first quarter of 2018, a 51% increase compared to $710,022 for the first quarter of 2017. Results for the quarter ended March 31, 2018, include approximately $320 thousand in expenses related to the pending acquisition of Americas United Bank (OTC Pink: AUNB). As previously announced, the Bank also completed a private placement offering of common stock of approximately $26 million during March 2018.

ReverseVision and Allegiant Reverse Services Partner to Simplify Title Ordering for HECM Loans

SAN DIEGO, Calif., April 24, 2018 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced a partnership with Allegiant Reverse Services (ARS), a full-service title and settlement company with an exclusive focus on reverse mortgage closings.

MCT Wins PROGRESS in Lending Association’s 2018 Innovation Award for its New Bid Auction Manager (BAM) Whole Loan Trading Technology

SAN DIEGO, Calif., April 18, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that PROGRESS in Lending Association, the industry’s premier mortgage technology focused organization, presented the company with its annual Innovation Award for the rapid adoption and impact of its Bid Auction Manager(TM) (BAM) within the whole loan trading market.

ReverseVision Vice President of Sales and Marketing Wendy Peel Honored with MBA Insights 2018 Tech All-Star

SAN DIEGO, Calif., April 16, 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 honored with the MBA Insights 2018 Tech All-Star Award.

Bank of Southern California NA Expands Commercial Banking Team to Serve Orange County and Los Angeles Region

SAN DIEGO, Calif., April 11, 2018 (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 hiring of two seasoned banking and lending professionals to further support the Bank’s expansion in Southern California.

HousingWire Names ReverseVision to Its TECH100 List of Housing’s Most Innovative Tech Companies for a Third Year

SAN DIEGO, Calif., April 4, 2018 (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’s HW Tech100 list of innovative housing technology companies for a third time. Previously recognized in 2015 and 2017, ReverseVision is the only provider of Home Equity Conversion Mortgage (HECM) technology to receive this distinction.

The Mortgage Collaborative Welcomes Partners Credit and Verification Solutions to Preferred Partner Network

SAN DIEGO, Calif., April 2, 2018 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative, the nation’s only independent mortgage cooperative, today announced the addition of credit and verification solutions firm Partners Credit & Verification Solutions to its Preferred Partner network. Partners Credit offers TMC members a suite of comprehensive and customized credit related products and services.

Bank of Southern California NA Successfully Completes $26 Million Capital Offering

SAN DIEGO, Calif., April 2, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today the completion of a capital raise of approximately $26 million through the issuance of common stock in a private placement to institutional and accredited individual investors at a price of $14.75 per share.

Magnifi Group and Bespa Global to Host Inaugural Annual Lower Extremity IEP Fellows and Young Surgeons’ Course

SAN DIEGO, Calif., March 23, 2018 (SEND2PRESS NEWSWIRE) — Lower Extremity Fellows, Residents and Young Surgeons from leading U.S. Orthopaedic Centers and Hospitals will attend the 1st annual Lower Extremity IEP Fellows & Young Surgeons Course, to be held in Austin, Texas, May 18-20, 2018, Magnifi Group announced today.

National Mortgage Professional Magazine Designates MCT a 2018 Top Mortgage Employer

SAN DIEGO, Calif., March 19, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that National Mortgage Professional (NMP) magazine named the company to its 2018 ‘Top Mortgage Employers’ list. MCT was one of only ten companies to be included in the Services Providers category.

Bank of Southern California, N.A. Announces Addition of Phillip Mulder and Billy Szeto to Its Commercial Real Estate and SBA Group

SAN DIEGO, Calif., March 19, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. ( OTC Pink: BCAL / OTCMKTS:BCAL ), a community business bank headquartered in San Diego, Calif., announces the addition of two tenured Business Development Officers to support the company’s continued expansion into the Southern California region.

ReverseVision’s Sold-Out Third Annual User Conference Equips New and Experienced HECM Lenders with Data-Driven Insights

SAN DIEGO, Calif., March 14, 2018 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, attracted a record crowd of industry newcomers to its third annual user conference February 6-8 at the Kona Kai Resort and Spa in San Diego.

Bank of Southern California N.A. Recognized as Top Small Business Lender

SAN DIEGO, Calif., March 12, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced it was awarded two top small business lending partner awards in the medium sized bank category by the San Diego District Office of the U.S. Small Business Administration based on the largest quantity and dollar volume of SBA 7(a) loans originated. The rankings reflect the SBA’s fiscal year-end results as of September 30, 2017. These accolades follow the bank’s recognition by the SBA as the top performing small business lending partner for medium sized banks in 2016.

ReverseVision Partners with DataVerify to Help HECM Lenders Improve Loan Quality, Reduce Repurchase Risk

SAN DIEGO, Calif., March 9, 2018 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced the availability of DataVerify’s DRIVE(R) verification platform within ReverseVision’s flagship RV Exchange (RVX) loan origination system (LOS). DRIVE helps lenders improve efficiency and reduce repurchase risk by monitoring changes to borrower identity, loan application, and property data throughout the origination process.

Bank of Southern California N.A. Announces Amanda Conover as Vice President, Director of Marketing

SAN DIEGO, Calif., March 6, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. ( OTC Pink: BCAL / OTCMKTS:BCAL ), a community business bank headquartered in San Diego, Calif., has named Amanda Conover as Vice President, Director of Marketing. She will be responsible for developing and executing a strategic marketing plan that strengthens brand awareness and drives growth, further supporting the Bank’s efforts to increase its presence as it continues its expansion in the Southern California region.

Bank of Southern California N.A. and Americas United Bank Announce Agreement to Merge

SAN DIEGO, Calif., Feb. 22, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A., San Diego, Calif. (OTC Pink: BCAL / OTCMKTS:BCAL) and Americas United Bank, Glendale, Calif. (OTC Pink: AUNB), today announced the signing of a definitive agreement and plan of merger (the “Agreement”) whereby Americas United Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals and the approval of the shareholders of AUB and BCAL, and is expected to close in the third quarter of 2018.

Global DMS Launches EVO-Commercial, a Next-Generation Valuation Management Software Platform for Commercial Lending

SAN DIEGO, Calif., Feb. 12, 2018 (SEND2PRESS NEWSWIRE) — Global DMS, a leading provider of cloud-based valuation management software, announced that it launched EVO-Commercial(TM) (EVO-C) at the MBA’s CREF/Multifamily Housing Convention & Expo being held in San Diego from February 11 – 14. The new platform is 100 percent configurable, fully customizable, quick and easy to implement, eliminates numerous steps in the workflow process, lowers system maintenance costs and empowers end-users as well as management teams, among many other efficiency gains.

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.

Bank of Southern California, N.A. Announces Fourth Quarter and Year-end 2017 Results

SAN DIEGO, Calif., Feb. 6, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,134,397 for the fourth quarter of 2017, compared to $1,088,043 for the third quarter of 2017 and $902,476 for the fourth quarter of 2016. For the year, net earnings were $3,964,692 in 2017, a 32% increase compared to $3,009,251 for 2016. Results for the fourth quarter and year ended December 2017 include a $200,000 increase in income tax expense due to recent Tax Reform legislation.

Bank of Southern California N.A. announces new SBA and Commercial Real Estate Lending Group Led by Steve Pollett

SAN DIEGO, Calif., Jan. 24, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), announced that Steve Pollett has joined the company as SVP, SBA and Commercial Real Estate Lending Group Manager. With more than 30 years’ experience in SBA and Commercial Real Estate lending, Pollett will be responsible for leading a team to provide financing to small and medium-sized businesses throughout the Southern California region. Prior to joining Bank of Southern California, Pollett was Senior Vice President and Group Manager of Commercial Lending with Plaza Bank.

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.

Kathy Gonzales Named Senior Vice President, Director of Branch Banking for Bank of Southern California N.A.

SAN DIEGO, Calif., Jan. 19, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has appointed Kathy Gonzales as Senior Vice President, Director of Branch Banking. She will be responsible for supporting the Bank’s commitment to the customer experience by deepening customer relationships, and identifying opportunities to increase the bank’s market share.

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.

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.

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.

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.