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.
Archive | Finance
Finance News, including banking, mortgage lending, public companies, economic reports, earnings, and related financial news.
Technology Executive Named to Top 40 Most Influential Mortgage Professionals Under 40 List
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 […]
Can a Reverse Mortgage Ease Problems for Senior Homeowners Hard-hit by the Economy?
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
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, […]
International Document Services Delivers Accurate and Compliant e-Signatures for Doc Prep Services
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
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 […]
BAI – CONIX Systems Exception Processing Acceleration Webinar Features Paul Carrubba, BB&T’s Tim Dillow, and DSS President Carl Bortol
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
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 […]
CONIX Systems Hosts June 8 BAI Exception Payment Processing Acceleration Webinar
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.
Titan Lenders Corp Signs Six Mortgage Bankers for Back Office and Fulfillment Outsource Services
DENVER, Colo. — Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC) signed six mortgage banker clients in the first quarter of 2010. TLC, a U.S.-based domestic mortgage fulfillment outsource operation, offers a parallel and variable cost alternative solution to lenders’ maintaining back office and warehouse line management operations.
Massachusetts Housing Finance Agency Selects Titan Lenders Corp For Mortgage Purchase Review Outsource Services
DENVER, Colo. — Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC) has been chosen by the Massachusetts Housing Finance Agency (MassHousing) to provide outsourced mortgage purchase review services. MassHousing is an independent, quasi-public agency that provides financing for affordable housing in Massachusetts. TLC is a U.S.-based domestic mortgage fulfillment outsource operation that offers back […]
DMD Exhibits DataTrac End-to-End Mortgage Lending Automation at Texas MBA 94th Annual Conference
SAN ANTONIO, Texas — 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 an exhibitor at the May 16-18 Texas MBA’s 94th Annual Conference in San Antonio (Booth 26). DMD experts will […]
Del Mar DataTrac ExTrac Additions Support Seamless Data Extraction for Mortgage Bankers to Request Closing Funds and Pass Servicing Data
SAN DIEGO, Calif. — Del Mar DataTrac(R), 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, has added four new DataTrac ExTrac options. These ExTracs facilitate the extraction, quality control and exchange of mortgage loan data […]
CONIX Systems President Urges Banks to Address Acceleration of Exception Payment Processing, Identification of Duplicate Payments
DALLAS, Texas — Frank Stokes, president of technology, 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, asserts that the acceleration of check clearing due to the widespread adoption of remote deposit capture (RDC), image exchange, […]
Potomac Investments Manages Millions in Assets for Clients
WASHINGTON, D.C. — Financial estate and planning expert, John J. Cortale, senior vice president of investments, Potomac Investments, has assembled a team of financial experts with more than 30 years of combined experience. Cortale’s team knows what it takes to work with individual investors as well as large organizations to provide customized solutions backed by […]
Comergence Compliance Views HUD Memo on TPO Management as Good Starting Point for Development of Due Diligence Best Practices
ORANGE, Calif. — Greg Schroeder, president of Comergence Compliance Monitoring, a leading provider of third-party originator (TPO) monitoring and due diligence solutions, says he supports HUD’s move to eliminate FHA approvals for loan correspondents, thereby distancing itself from the risks inherent in the current management of this origination channel.
Mortgage Doc Prep Vendor IDS Announces New Full Company SAS 70 Audit
SALT LAKE CITY, Utah — International Document Services (IDS), a mortgage document preparation vendor for closing documents, initial disclosures and reverse documents, has announced the successful completion of its full company SAS 70 Type I audit. The audit was performed in late February and will be followed up by a Type II audit in July, […]
Business Cash Advances Fill a Financing Void for Many Small Businesses
CORAL SPRINGS, Fla. — With the outlook of traditional business credit markets remaining bleak, many small business owners are taking matters into their own hands, seeking out alternative means of finance, and this is proving to be a boon for the business cash advance industry according to BusinessCashAdvance.
Community Bank Mortgage Lenders Select Del Mar DataTrac End-to-End Lending Automation Solutions
SAN DIEGO, Calif. — Del Mar DataTrac(R), 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, added two community bank mortgage lenders to its client roster in March, 2010.
IDS and Primary Capital Mortgage Collaborate to Streamline Disclosures in Wake of RESPA Reform
SALT LAKE CITY, Utah — International Document Services (IDS) and Primary Capital Mortgage have teamed up to minimize the lender’s RESPA-related initial disclosures and closing document challenges. IDS is a mortgage document preparation vendor for closing documents, initial disclosures and reverse documents. Primary Capital Mortgage is an Atlanta based residential mortgage banking firm.
Mortgage Lending Best Practices Spotlighted at Del Mar DataTrac 2010 Client Conference
SAN DIEGO, Calif. — Del Mar DataTrac(R), Inc. (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, is holding its annual DataTrac Client Conference on June 10 – 11 at ARIA Resort and Casino, one of Las Vegas’ […]
Broker-to-Banker Mortgage Lender Augusta Financial Selects DataTrac for Process Automation and Lending System of Record
SAN DIEGO, Calif. — Southern California mortgage banker Augusta Financial selected the Del Mar DataTrac(R), Inc. (DMD) flagship solution DataTrac as its automated loan processing platform and lending system of record in September, 2009, when it transformed from broker to banker. Founded in 1995 as a mortgage broker in the Santa Clarita Valley, Augusta Financial […]