Finance News, including banking, mortgage lending, public companies, economic reports, earnings, and related financial news.
WALL, N.J. (CitizenWire) — Market and economic commentator Peter Grandich has long stated that one of the biggest maladies with the American economy is our obsession with ‘stuff.’ The boom in the self-storage industry, he says, is symbolic of our addiction to excess.
WALL, N.J. (CitizenWire) — Peter Grandich, dubbed the ‘Wall Street Whiz Kid’ on national television for calling the 1987 ‘Black Monday’ market crash, has been making major top and bottom calls for 26 years. Now, Grandich has his bear suit back on, and is calling for a new top.
CARSON, Calif. (CitizenWire) — Document Systems, Inc., the industry’s leading technology provider for compliant mortgage loan document preparation, announced that its executive sales manager, Steve Ribultan, has been named to National Mortgage Professional magazine’s Top 40 Most Influential Mortgage Professionals Under 40 list for 2010.
SAN DIEGO, Calif. (CitizenWire) — California-based full-service mortgage banker Pinnacle Capital Mortgage (Pinnacle) credits Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, with enabling its adoption of paperless lending, streamlining its underwriting processes and strengthening its wholesale channel.
SALT LAKE CITY, Utah (CitizenWire) — International Document Services (IDS), a mortgage document preparation vendor, raised more than $6,000 for Atlanta Habitat for Humanity during the IDS Cycling Challenge at the Mortgage Bankers Association’s (MBA) 97th Annual Convention and Expo in Atlanta. IDS staff members, partners and conference attendees pedaled for a combined total of […]
LOS ANGELES, Calif. (CitizenWire) — The United States Global Entrepreneurs Association (USGEA) is proud to announce that one of its corporate members, Vickers Financial Group, a leading Venture Capital firm emerged a winner on October 5th at the Inaugural Singapore Venture Capital and Private Equity Association (SVCA) Annual Awards Gala Dinner held at the Shangri-La […]
SALT LAKE CITY, Utah (CitizenWire) — International Document Services (IDS), a mortgage document preparation vendor, has been approved by Wells Fargo (NYSE: WFC) to provide mortgage documents via e-delivery to loan applicants. The approval covers e-delivery for all mortgage documents, but typically, initial and pre-disclosures are the primary documents submitted to loan applicants electronically.
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.
CLIFTON, N.J. (CitizenWire) — In an effort to expand small business financing to businesses previously ignored by business cash advance companies, FastUpFront has changed its financing qualifications and removed its funding limit.
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.
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 […]
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 […]
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 […]
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 […]
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.
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.
SALT LAKE CITY, Utah (CitizenWire) — International Document Services, Inc. (IDS), a mortgage document preparation vendor, experienced another high-volume month in August and hit a new single-day record on August 26 due to record low mortgage rates and an increase in new clients.
WALL, N.J. — Peter Grandich, founder of Trinity Financial Sports and Entertainment Management Company, Atlantic Avenue, announced that former NHL New York Ranger hockey player Ron Greschner has joined the company’s advisory board.
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.
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.’
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 […]
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 […]
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 […]
SALT LAKE CITY, Utah — International Document Services, Inc. (IDS), a mortgage document preparation vendor, would like to recognize and congratulate four IDS lenders for appearing on Mortgage Technology Magazine’s 2010 Top 25 Tech-Savvy Lenders list.
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.
SALT LAKE CITY, Utah — International Document Services, Inc. (IDS), a mortgage document preparation vendor, congratulates Inlanta Mortgage for being named a finalist in the Customer-Focused Lender category for the 2010 Mortgage Technology Awards.
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 […]
WALL, N.J. — Peter Grandich, founder of Trinity Financial Sports and Entertainment Management Company, Atlantic Avenue, announced that Super Bowl XLII hero and former New York Giant David Tyree has joined the company’s advisory board.
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.
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 […]
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.
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 […]
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.
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.
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 […]
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.
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 […]
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.
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 […]
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.
