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Finance News and Views

Finance News, including banking, mortgage lending, public companies, economic reports, earnings, and related financial news.

IDS reaches a corporate milestone in June: an all-time record volume of document packages processed in a single month
Mon, 02 Aug 2010 11:34:11 -0400 EDT
Edited by Roderick Kinnison

SALT LAKE CITY, Utah — International Document Services, Inc. (IDS), a mortgage document preparation vendor, reached a corporate milestone in June – an all-time record volume of document packages processed in a single month.

Realm Professional Edition 2.2 Product Suite announced by Comergence Compliance Monitoring
Mon, 02 Aug 2010 07:10:55 -0400 EDT
Edited by Topher J. Zane

ORANGE, Calif. — Comergence Compliance Monitoring (CCM), a leading provider of third-party originator (TPO) risk management solutions and SaaS, announces the release of Realm Professional Edition 2.2 Product Suite. Realm 2.2 creates a more holistic TPO management system that enables wholesale, correspondent and reverse mortgage lenders to oversee and execute all TPO communication and administrative activities through a single electronic portal.

Navix is a 14-Step Process for Business Value Creation and Exit Planning
Mon, 02 Aug 2010 05:25:29 -0400 EDT
Edited by Roderick Kinnison

ATLANTA, Ga. — White Horse Advisors, LLC, an independently-owned provider of financial advisory services to owners of closely-held businesses and retirement plan sponsors, announces the launch of Navix, a 14-step process for business value creation and exit planning.

Helm Analytics makes Mortgage Technology magazine’s 2010 Top 50 Mortgage Technology Service Providers List
Fri, 30 Jul 2010 03:23:54 -0400 EDT
Edited by Roderick Kinnison

SAN DIEGO, Calif. — HELM Analytics, a business intelligence and analytics company, announced that it has earned a spot on Mortgage Technology magazine’s 2010 Top 50 Mortgage Technology Service Providers. The company has gained rapid momentum since launching operations in early 2009.

PROGRESS In Lending: New Mortgage Industry Association Invites Thought Leadership and Active Innovation
Tue, 27 Jul 2010 13:52:54 -0400 EDT
Edited by Roderick Kinnison

WILTON, Conn. — Key mortgage technology developers and business services providers have launched PROGRESS In Lending Association (PROGRESS), to provide a collaborative forum and content platform for mortgage lending business process innovation. Created to fill an under-served mortgage industry segment and purpose, PROGRESS is lead by an all-volunteer executive team comprised of high-profile mortgage professionals with more than 100 years’ combined industry experience.

CCMC and Del Mar DataTrac Partner for Loan Data Bridge for Mortgage Bankers
Mon, 26 Jul 2010 08:53:03 -0400 EDT
Edited by Roderick Kinnison

SAN DIEGO, Calif. — Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and CCMC, Inc., the financial industry’s premier technology interface provider, have released the DMDBridge, a connectivity tool that automatically moves loan data from a lender’s third-party origination system to the DataTrac mortgage banking system of record.

CONIX Systems’ Frank Stokes Affirms Need to Stem Improper Payments by Government, Points to Banking Industry Exception Items Processing
Thu, 22 Jul 2010 12:18:41 -0400 EDT
Edited by Topher J. Zane

MANCHESTER, Vt. — Franks Stokes, president of technology for CONIX Systems, Inc., a leading international provider of payment processing solutions to the financial services industry and pioneer in the acceleration of exception processing, agrees with the Obama Administration that reducing systemic drains on the Federal budget by better policing benefits and other types of payments to eliminate ‘improper payments’ will be a productive government debt reduction strategy.

Arizona, California, Florida and Wisconsin Mortgage Bankers Select Titan Lenders Corp for Back Office and Fulfillment Outsource Services in Q2 2010
Tue, 20 Jul 2010 08:49:36 -0400 EDT
Edited by Roderick Kinnison

DENVER, Colo. — Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC) signed nine mortgage banker clients in the second quarter of 2010. TLC, a U.S.-based domestic mortgage fulfillment outsource operation, offers a parallel and variable cost alternative solution to lenders that maintain back office and warehouse line management operations.

Conix Announces Five Bank Members Have Joined the Xcept Steering Committee
Fri, 09 Jul 2010 07:54:19 -0400 EDT
Edited by Topher J. Zane

MANCHESTER, Vt. — The Xcept Steering Committee, organized in the first quarter of 2010 by CONIX Systems, Inc., a leading international provider of payment processing solutions to the financial services industry and a pioneer in the creation of post-Check 21 exception management tools, has added five members representing the Bank of Oklahoma, Bank of the West, Marshall and Isley, and BB&T.

International Document Services Completes RESPA Disclosure Updates, Evaluates Lender and Settlement Agent Satisfaction
Wed, 30 Jun 2010 05:27:17 -0400 EDT
Edited by Topher J. Zane

SALT LAKE CITY, Utah — International Document Services (IDS), a mortgage document preparation vendor for closing documents, initial disclosures and reverse documents, has completed RESPA-related disclosures updates to its idsDoc doc prep platform to accommodate changes in the GFE and HUD-1, and evaluated responses from its Q2 customer survey.

SecuGen Hamster IV Fingerprint Reader Delivered to Kenya’s Largest Retail Bank
Tue, 29 Jun 2010 00:59:47 -0400 EDT
Edited by Topher J. Zane

SANTA CLARA, Calif. — SecuGen, the world’s leading optical fingerprint device vendor, is pleased to announce that CompuLynx, of Nairobi Kenya, has successfully integrated the SecuGen Hamster(TM) IV into the Account Holder Biometric Authentication and Identification System for one of the largest retail banks in Kenya.

BusinessCashAdvance.com Offers Alternative Financing to SBA Business Loans
Fri, 25 Jun 2010 06:03:31 -0400 EDT
Edited by Topher J. Zane

CORAL SPRINGS, Fla. — On April 15, President Barack Obama signed legislation to add $80 million to the Small Business Association (SBA) business loan programs, and effectively extend stimulus benefits through the end of May. But a recent study suggests that a significant majority of small business owners will remain uninterested. Instead, many are seeking financing alternatives, says BusinessCashAdvance.

Titan Lenders Corp Posts Periodic Table of Mortgage Industry Acronyms for Lenders, Media, and Consumer Advocates
Thu, 24 Jun 2010 06:39:16 -0400 EDT
Edited by Roderick Kinnison

DENVER, Colo. — Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC) has assembled and developed a glossary of mortgage industry terms in the format of a periodic table of acronyms posted to its Website. The page where the glossary is posted requires no user registration and the information is provided as an educational service to improve general understanding of the mortgage industry.

100 Mortgage Bankers View DataTrac 9.3 Product Suite and Loan Process Automation Development at DMD Client Conference
Wed, 23 Jun 2010 10:40:27 -0400 EDT
Edited by Roderick Kinnison

SAN DIEGO, Calif. — Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools unveiled its DataTrac 9.3 Product Suite to more than 100 mortgage bankers and vendor partners at its annual client conference in Las Vegas.

White Horse Advisors Completes Conversion to U.S. Securities and Exchange Commission (SEC) Registered Investment Advisor
Fri, 18 Jun 2010 05:31:59 -0400 EDT
Edited by Topher J. Zane

ATLANTA, Ga. — White Horse Advisors, LLC, an independently-owned provider of financial advisory services to owners of closely-held businesses and retirement plan sponsors, is an SEC-registered investment advisor (RIA) as of March 9, 2010. White Horse Advisors joins a growing number of financial advisory representatives nationwide that are registering independently of broker-dealers.

Exception Day 1 Processing to become a reality by CONIX Systems, Inc. and Data Support Systems (DSS)
Thu, 17 Jun 2010 11:38:54 -0400 EDT
Edited by Topher J. Zane

MANCHESTER, Vt. — CONIX Systems, Inc. (CONIX), a leading international provider of payment processing solutions to the financial services industry and pioneer in the acceleration of exception processing and Data Support Systems (DSS), a leading provider of image-based back office payment processing solutions, have formed a partnership to accelerate exception processing across the banking industry.

Wholesale Lenders Select Comergence Compliance Monitoring for TPO Due Diligence Solutions
Wed, 16 Jun 2010 12:02:41 -0400 EDT
Edited by Topher J. Zane

ORANGE, Calif. — Comergence Compliance Monitoring, a leading provider of third-party originator (TPO) monitoring and due diligence solutions, added five wholesale mortgage lenders to its client roster in May 2010.

Technology Executive Named to Top 40 Most Influential Mortgage Professionals Under 40 List
Mon, 14 Jun 2010 07:31:41 -0400 EDT
Edited by Topher J. Zane

IRVINE, Calif. — Loan Score Decisioning Systems, an enterprise-class pricing automated underwriting solution provider, announced that its SVP of marketing has been named to National Mortgage Professional magazine’s Top 40 Most Influential Mortgage Professionals Under 40 list. Loan-Score’s Joe Bowerbank is recognized for his industry contributions to evangelize, market and drive the use of leading-edge technology among lending institutions.

Can a Reverse Mortgage Ease Problems for Senior Homeowners Hard-hit by the Economy?
Mon, 07 Jun 2010 23:56:36 -0400 EDT
Edited by Topher J. Zane

KIRKLAND, Wash. — Today Reverse Mortgage Direct, LLC (RMD), announces an online assessment tool that helps senior Americans determine whether a reverse mortgage can help with their financial challenges. The tool, ‘Reverse Mortgage eGuide,’ also lets seniors know if they qualify, and whether the financial instrument might be right for their situation.

BAI – CONIX Webinar Explores Cost Savings, Risk Management, and Improved Compliance through Exception Processing Acceleration
Fri, 04 Jun 2010 10:15:55 -0400 EDT
Edited by Topher J. Zane

MANCHESTER, Vt. — Banks that focus on reducing the impact of exception items in their payment processing operations by moving Day 2 processes to Day 1 can achieve decreased costs, more effective risk management, and improvements in auditory compliance, according to CONIX Systems, Inc., which developed content for the upcoming June 8 BAI webinar entitled, Acceleration of Exception Payment Processing: ‘The Next Big Thing.’

International Document Services Delivers Accurate and Compliant e-Signatures for Doc Prep Services
Thu, 03 Jun 2010 00:58:28 -0400 EDT
Edited by Topher J. Zane

SALT LAKE CITY, Utah — International Document Services (IDS), a mortgage document preparation vendor for closing documents, initial disclosures and reverse documents, now offers its mortgage lender customers e-signature options through its flagship idsDoc platform.

DataTrac Mortgage Lending Platform Integration with Document Express Enables Seamless Delivery of Loan Closing Products and Services
Wed, 02 Jun 2010 13:13:50 -0400 EDT
Edited by Topher J. Zane

SAN DIEGO, Calif. — Del Mar DataTrac, Inc., the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, now offers a seamless integration developed by its document preparation partner Document Express enabling DataTrac users to order their initial disclosures, loan closing documents, and analysis without leaving the DataTrac screen.

BAI – CONIX Systems Exception Processing Acceleration Webinar Features Paul Carrubba, BB&T’s Tim Dillow, and DSS President Carl Bortol
Thu, 27 May 2010 10:05:55 -0400 EDT
Edited by Topher J. Zane

MANCHESTER, Vt. — An upcoming June 8 BAI webinar entitled, Acceleration of Exception Payment Processing: ‘The Next Big Thing,’ will feature commentary by noted attorney and bank payments expert Paul Carrubba, BB&T payments executive Tim Dillow, and Data Support Systems President and Founder Carl Bortol.

Comergence Compliance Monitoring Hosts Red Flag Rules Webinar to Prepare Lenders, Brokers for June 1 Deadline for FTC Enforcement
Wed, 19 May 2010 06:54:46 -0400 EDT
Edited by Topher J. Zane

ORANGE, Calif. — For mortgage professionals and lenders affected by the June 1 enforcement of regulations enacted to stem the spread of identity theft and reduce personal identity fraud, Comergence Compliance Monitoring, a leading provider of third-party originator (TPO) monitoring and due diligence solutions, is conducting a complimentary Red Flag Rules educational webinar on May 21, 2010 from 10 to 11 a.m. PDT.

CONIX Systems Hosts June 8 BAI Exception Payment Processing Acceleration Webinar
Tue, 18 May 2010 11:35:02 -0400 EDT
Edited by Roderick Kinnison

MANCHESTER, Vt. — CONIX Systems, Inc., a leading international provider of payment processing solutions to the financial services industry and a pioneer in the creation of post-Check 21 exception management tools, will host the BAI webinar entitled, ‘Acceleration of Exception Payment Processing: ‘The Next Big Thing,” on June 8 at 1:00 p.m. CST/CDT.

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