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, N.A. Names Helen Johnson Senior VP, Loan Administration Manager

SAN DIEGO, Calif., Sept. 18, 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 that Helen Johnson has joined the company as Senior Vice President, Loan Administration Manager.

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.

Bank of Southern California, N.A. Appoints Ann Torrico as Managing Director

SAN DIEGO, Calif., Sept. 10, 2018 (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 Ann Torrico as Managing Director in Los Angeles. She will be responsible for expanding Bank of Southern California’s market presence by actively seeking new business opportunities in the Greater Los Angeles region with a focus in West Los Angeles and South Bay.

Bank of Southern California, N.A. Names Soly Cangarlu Vice President, Branch Manager in West L.A.

SAN DIEGO, Calif., Sept. 4, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Soly Cangarlu Vice President, Branch Manager. She will be responsible for developing client relationships and expanding the bank’s presence in West Los Angeles.

Bank of Southern California N.A. Names Laura H. Araluce Vice President, Branch Manager

SAN DIEGO, Calif., Aug. 30, 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 that Laura H. Araluce has joined the company as Vice President, Branch Manager. She will be responsible for growing Bank of Southern California’s presence in Orange County.

ReverseVision Expands Support for Proprietary Reverse Mortgage Products

SAN DIEGO, Calif., Aug. 22, 2018 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that it is offering a combination of enhanced software functionality and professional services to help mortgage lenders launch proprietary reverse mortgage products.

Bank of Southern California, N.A. Expands Los Angeles Banking Team with the Addition of Three Branch Managers

SAN DIEGO, Calif., Aug. 21, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., announced the addition of three tenured Branch Managers to support the company’s recent expansion into Los Angeles County.

MCT Integrates its MCTlive! Secondary Marketing Software with Freddie Mac for Automated Loan Sale Pricing and Commitment

SAN DIEGO, Calif., Aug. 17, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced new functionality that delivers real-time pricing and automates loan committing for Freddie Mac clients. MCT’s lender clients receive the pricing information seamlessly via its integrated capital markets technology platform, MCTlive! MCT is the first vendor to have successfully completed the first commitment via Freddie Mac’s new API technology.

Mortgage Professional America Magazine Honors MCT’s Rhonda Beck, CMB with 2018 Elite Women in Mortgage Award

SAN DIEGO, Calif., Aug. 17, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that Rhonda Beck, CMB, has been designated to Mortgage Professional America (MPA) magazine’s list of Elite Women in Mortgage for 2018.

The Mortgage Collaborative Announces Release of TMC Benchmark 2.0

SAN DIEGO, Calif., Aug. 7, 2018 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative (TMC), the nation’s only independent mortgage cooperative, today announced the release of its enhanced benchmarking solution for its lender members. In collaboration with TMC Preferred Partner LBA Ware, TMC Benchmark now has an improved user interface, augmented reporting dashboards and peer segmentation.

MCT’s Bid Auction Manager (BAM) Technology Automates Tri-Party Agreement for Investors’ Bid Tape AOT Loan Sale Executions

SAN DIEGO, Calif., Aug. 3, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced automation of the Tri-Party Agreement required between lenders, investors, and broker dealers during Assignment Of Trade (AOT) transactions in the secondary market. The functionality is built into MCT’s Bid Auction Manager(TM) (BAM) bid tape management and best execution platform.

Bank of Southern California NA Completes Acquisition of Americas United Bank

SAN DIEGO, Calif., Aug. 1, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A., San Diego, California (OTC Pink: BCAL / OTCMKTS:BCAL) announced today the completion of its acquisition of Americas United Bank, Glendale, California (OTC Pink: AUNB), effective July 31, 2018. Americas United Bank had total assets of approximately $231 million as of June 30, 2018.

Bank of Southern California NA Names Catherine Puckett VP, Business Development Manager

SAN DIEGO, Calif., July 18, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Catherine Puckett has joined the company as Vice President, Business Development Manager. She will be responsible for expanding Bank of Southern California’s business banking client base by actively seeking new business opportunities in the San Diego region.

Paragon Insurance Holdings Expands Operations in San Diego with addition of Robert Etzler and opening of new offices

SAN DIEGO, Calif., July 17, 2018 (SEND2PRESS NEWSWIRE) — Paragon Insurance Holdings LLC (“Paragon”), a national multi-line specialty MGA (Managing General Agency) based in Avon, Conn., today announced its expansion in San Diego, Calif. with the opening of new offices at 401 B Street in downtown San Diego and the hiring of top local insurance professional Robert Etzler, under the leadership of Paragon regional president, Andrew Petersen.

C3 Insurance Launches New Technology, a Smartphone Inspection App for Businesses

SAN DIEGO, Calif., June 21, 2018 (SEND2PRESS NEWSWIRE) — C3 Risk & Insurance Services today announced the launch of its new SaferWorks smartphone technology for businesses to use in documenting inspections. The app is designed to be extremely simple and easy to use by both the company administrator and by the company end users.

Tips for Selecting the Best Commercial Bank for Your Small Business

SAN DIEGO, Calif., June 18, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), understands that selecting a commercial bank that fits your company’s needs can be a grueling task. Tony DiVita, Chief Banking Officer at Bank of Southern California, shares the following valuable tips to help guide small businesses in selecting the right bank.

Accio Motion releases Flying Fu – new family-friendly martial arts mobile game is designed to test your patience

SAN DIEGO, Calif., June 6, 2018 (SEND2PRESS NEWSWIRE) — Accio Motion LLC, a rising star in the production and publishing of mobile games, announced today the release of its new family friendly martial arts game: Flying Fu. Available now on the App Store and Google Play.

ReverseVision Product Manager Jason Price Named a 2018 HousingWire Rising Star

SAN DIEGO, Calif., June 4, 2018 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that Product Manager Jason Price has been recognized by HousingWire as a 2018 Rising Star. Price received the award in recognition of his extensive contributions to ReverseVision and for his role in developing innovative, technology-based solutions that have benefitted the HECM industry at large.

Magnifi Group, Inc. to Host the 5th Annual European Learn-Wise User’s Conference in Frankfurt, Germany

FRANKFURT, Germany and SAN DIEGO, Calif., May 29, 2018 (SEND2PRESS NEWSWIRE) — Magnifi Group will hold its 5th annual Learn-Wise European User’s Conference, June 6, 2018 in Frankfurt. The European User’s Conference is dedicated to the unique training and compliance needs of European medical device companies.

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.