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Archive | Finance

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

Del Mar DataTrac

2010 MBA Annual Conference: DataTrac Announces LOS Integration with Fannie Mae EarlyCheck

SAN DIEGO, Calif. (CitizenWire) — Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions has completed the integration of its rules-based workflow automation platform DataTrac with Fannie Mae’s EarlyCheck(TM) service. This EarlyCheck integration is included in DataTrac release 9.3R3, available for mortgage lender implementation beginning October 28, 2010.

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third party originator

Comergence Insurance Services announces fidelity and professional indemnity insurance to TPOs

ORANGE, Calif. (CitizenWire) — Comergence Insurance Services, a wholly owned subsidiary of third-party originator (TPO) risk management solutions provider Comergence Compliance Monitoring, announced it now offers fidelity and professional indemnity insurance to TPOs – the first of its kind within the industry.

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Morgan Stanley Smith Barney

Financial Advisor Paul Granito Among ‘Best of Best’ at Barron’s Summit

PARAMUS, N.J. (CitizenWire) — Paul Granito, First Vice President, Financial Advisor at Morgan Stanley Smith Barney was one of approximately 500 financial advisors who were selected by their firms to attend the sixth-annual Barron’s Winner’s Circle Top Advisors Summit, hosted by Barron’s magazine to promote best practices in the industry and the value of advice […]

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Jeff Koch, senior loan officer of Preferred Mortgage Corporation, announced this week that Manhattan mortgage rates are at record lows

NEW YORK, N.Y. (CitizenWire) — Jeff Koch, senior loan officer of Preferred Mortgage Corporation, announced this week that Manhattan mortgage rates are at record lows. This information is based on a survey released by Freddie Mac, the second largest mortgage finance company. It reported that 30 and 15-year Manhattan mortgage rates either tied or reached […]

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Atlanta Habitat for Humanity

Benefit for Atlanta Habitat for Humanity During MBA 97th Annual Conference

ATLANTA, Ga. (CitizenWire) — International Document Services, Inc. (IDS), a mortgage document preparation vendor, and Atlanta Habitat for Humanity, one of the top producers of affordable home ownership opportunities among U.S. Habitat affiliates, have teamed up to challenge attendees at the Mortgage Bankers Association’s (MBA) 97th Annual Convention and Expo to raise $10,000 for Atlanta […]

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Stephen Griner

Chartered Financial Analyst designation earned by White Horse Advisors CEO Stephen Griner

ATLANTA, Ga. (CitizenWire) — White Horse Advisors, LLC, an independently-owned provider of financial advisory services to owners of closely-held businesses and retirement plan sponsors, announces that Stephen Griner, COO of White Horse Advisors, has earned the Chartered Financial Analyst (CFA) designation. Griner was one of only 42 percent of investment professionals to pass the June […]

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mortgage lending automation solutions

Rob Katz of Del Mar DataTrac to Moderate 2010 MBA Conference Panel: Growing Market Share in a Down Market

SAN DIEGO, Calif. (CitizenWire) — Rob Katz, president of Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions is moderating a panel discussion entitled ‘Growing Market Share in a Down Market’ at the Mortgage Bankers Association’s 97th Annual Conference on October 25 at 11:00 a.m.

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Calyx Software

Calyx Software and Loan-Score Decisioning Systems partner for integrated underwriting solutions

SAN JOSE, Calif. (CitizenWire) — Calyx Software, the preferred mortgage solution provider for banks, credit unions, mortgage bankers and brokers, and Loan-Score Decisioning Systems, an enterprise-class pricing and automated underwriting provider, announced that the two companies have integrated their respective loan origination system and automated underwriting system.

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mortgage documents and compliance

Opinion: Curt Doman of IDS Foresees APR Calculation Challenges in Reg Z Updates

SALT LAKE CITY, Utah — Curt Doman, president of International Document Services, Inc. (IDS), a mortgage document preparation vendor, warns interim change to Regulation Z, also known as the Truth in Lending Act (R-1366), could make it more difficult for lenders to accurately calculate an APR for closed end real property transactions.

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Robert Acosta

iGlobal Worldwide wants to end financial exploitation of Central Valley California workers

LOS ANGELES, Calif. — Changing the entire landscape to protect Latino laborers’ payroll is the mission of the new iGlobal Prepaid Visa Card and its initial launch in the Central Valley of California. According to founder, Robert Acosta, whose parents worked the citrus fields of Southern California, ‘The exploitation of Latino workers … is over.’

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equipment financing and leasing

Taycor Financial Beats Other Equipment Leasing Companies for Small Business Equipment Financing

LOS ANGELES, Calif. — ‘Many business owners don’t realize that funding is still available for equipment purchases, even if the banks are turning them down,’ says Bob Skibinski, CEO of Taycor Financial. ‘Unlike other equipment leasing companies, here at Taycor, we are getting deals done for our clients every day; which means you are going […]

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Intelligent Risk Management

SmartStops Historical Performance Calculator Reveals Shortcomings of Buy & Hold

PALO ALTO, Calif. — SmartStops announced today the launch of the performance comparison calculator. The calculator analyzes the historical performance of equities comparing a buy and hold approach to one following a risk mitigation strategy. In addition to total return, risk exposure and opportunity costs are also quantified and the results presented in simple visual […]

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mortgage technology platform

West Coast’s premier lender to consumers, The MagniFund Group, adds Jay Lacny as CSO

SAN MARCOS, Calif. — The MagniFund Group is pleased to announce the addition of Jay Lacny to its organization, as its Chief Strategy Officer. This is an important advancement in the company’s desire to aid customers and clients in meeting all of their financial needs and continuing our strategy of becoming one of the West […]

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image replacement documents

Enterprise IRD System to Print Image Replacement Documents selected by Symcor

MANCHESTER, Vt. — CONIX Systems Inc., a leading international provider of payment processing solutions to the financial services industry, was selected by Symcor Inc., a leading North American financial processing company, to provide its Enterprise IRD (EIRD) solution – a system designed to print IRD documents from X9.37 files.

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MassHousing

Housing Finance Agency Loan Review Process by Titan Lenders Corp and ComplianceEase Named Finalist for Mortgage Technology Synergy Award

DENVER, Colo. — Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC), and ComplianceEase, the nation’s leading provider of regulatory compliance and risk management solutions, have been named one of three finalists for the coveted 2010 Synergy Award from Source Media’s Mortgage Technology magazine. The pair was nominated for their proprietary automated loan review process […]

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mortgage lending automation

Mortgage Technology magazine names Del Mar DataTrac a 2010 Top 50 Service Provider

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, is among the 2010 Top 50 Service Providers listed by Source Media’s Mortgage Technology magazine.

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automated underwriting provider

Stearns Lending Grows Business with Loan-Score Decisioning Systems’ SaaS

IRVINE, Calif. — Loan-Score Decisioning Systems, an enterprise-class pricing and automated underwriting provider, announced that Stearns Lending, Inc., a national wholesale and retail mortgage banker, has grown its business by more than 65 percent since going live with its solution in early 2009. Stearns utilizes Loan-Score’s platform to automate pricing and underwriting for each of […]

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risk management solutions

Realm Professional Edition 2.2 Product Suite announced by Comergence Compliance Monitoring

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 […]

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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.

PROGRESS In Lending: New Mortgage Industry Association Invites Thought Leadership and Active Innovation

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 […]

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mortgage lending automation

CCMC and Del Mar DataTrac Partner for Loan Data Bridge for Mortgage Bankers

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.

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acceleration of exception processing

CONIX Systems’ Frank Stokes Affirms Need to Stem Improper Payments by Government, Points to Banking Industry Exception Items Processing

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 […]

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Mortgage fulfillment outsource

Arizona, California, Florida and Wisconsin Mortgage Bankers Select Titan Lenders Corp for Back Office and Fulfillment Outsource Services in Q2 2010

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.

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Xcept Steering Committee

Conix Announces Five Bank Members Have Joined the Xcept Steering Committee

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 […]

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idsDoc doc prep platform

International Document Services Completes RESPA Disclosure Updates, Evaluates Lender and Settlement Agent Satisfaction

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.

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optical fingerprint device vendor

SecuGen Hamster IV Fingerprint Reader Delivered to Kenya’s Largest Retail Bank

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.

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Business Cash Advance

BusinessCashAdvance.com Offers Alternative Financing to SBA Business Loans

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 […]

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mortgage fulfillment outsource services

Titan Lenders Corp Posts Periodic Table of Mortgage Industry Acronyms for Lenders, Media, and Consumer Advocates

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 […]

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mortgage lending automation solutions

100 Mortgage Bankers View DataTrac 9.3 Product Suite and Loan Process Automation Development at DMD Client Conference

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 […]

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SEC Registered Investment Advisor

White Horse Advisors Completes Conversion to U.S. Securities and Exchange Commission (SEC) Registered Investment Advisor

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.

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payment processing solutions

Exception Day 1 Processing to become a reality by CONIX Systems, Inc. and Data Support Systems (DSS)

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.

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