Bank of Southern California, N.A. Completes $26M Capital Offering (BCAL)
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink:BCAL / OTCMKTS:BCAL) today announced 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.
Deutsche Bank Implements DocMagic eVault Technology for eMortgages
TORRANCE, Calif. /California Newswire/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Deutsche Bank has successfully implemented and is actively utilizing its proprietary eVault technology.
Conegliano Valdobbiadene Prosecco Superiore DOCG Announces New US Campaign Promoting Wines from Italy
SAN FRANCISCO, Calif. /California Newswire/ -- The Conegliano Valdobbiadene Prosecco Superiore D.O.C.G. announces that Charles Communications Associates is now their agency of record for the United States. The Consortium is a private body created to represent vine-growers, winemaking companies and bottlers from Conegliano Valdobbiadene and to safeguard the standards of the D.O.C.G. criteria in crafting wines of the highest quality and distinct provenance.
Cloudvirga Updates Enterprise Mortgage POS Platform to Raise the Digital Mortgage Bar
IRVINE, Calif. /California Newswire/ -- Cloudvirga(TM), a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform(R), today announced a major update to the Cloudvirga Enterprise POS. New features designed to improve lender speed, compliance and productivity will make the platform's 4.0 release the most robust POS solution on the market.
First small cells come to life in Sacramento – goal to be nation’s first 5G city close to realization
SACRAMENTO, Calif. /California Newswire/ -- XG Communities LLC and the City of Sacramento announced that multiple carriers have received permit approvals to build small cells in downtown Sacramento. Mobilitie began construction immediately and already has sites on air. Sacramento's model invites carriers and connectivity providers to enhance wireless coverage and capacity for the citizens of Sacramento by leveraging city-owned assets.
Grand Opening: New Matcha Dessert Shop ‘Matcha cha’ Comes to Sawtelle in Los Angeles
LOS ANGELES, Calif. /California Newswire/ -- Lovely and yummy, Matcha dessert shop "Matcha cha" with its signature Matcha soft-serve ice cream is making Sawtelle debut on March 31, 2018. Enjoy the authentic Matcha flavor delivered from Kyoto, Japan!
Two Mortgage Quality Management and Research Employees Selected as MBA, California MBA Future Leaders
LOS ANGELES, Calif. /California Newswire/ -- Mortgage Quality Management and Research, LLC (MQMR), a leader in mortgage risk management and compliance services, today announced that two employees from the MQMR family of companies have been selected to participate in executive leadership development programs sponsored by the national Mortgage Bankers Association (MBA) and the California Mortgage Bankers Association.
New Mobile App from Cloudvirga Connects Loan Officers and Realtors on Its Digital Mortgage Platform
IRVINE, Calif. /California Newswire/ -- Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, today announced the launch of a new mobile app that will enable real estate agents to collaborate with mortgage loan officers in real time. This native mobile app allows instantaneous and secure exchange of loan documents and communication between real estate agents and loan teams for a faster, more efficient mortgage experience.
National Mortgage Professional names Mortgage Capital Trading a 2018 Top Mortgage Employer
SAN DIEGO, Calif. /California 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. Welcomes Phillip Mulder and Billy Szeto to Its Commercial Real Estate and SBA Group
SAN DIEGO, Calif. /California 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 2018 Third Annual User Conference Equips New and Experienced HECM Lenders with Data-Driven Insights
SAN DIEGO, Calif. /California 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.
Gallo LLP Files first New Consumer Claims Against Google (GOOGL) Following Revision of Gmail Architecture
SAN RAFAEL, Calif. /California Newswire/ -- San Francisco Bay Area law firm Gallo LLP has filed the first of what it predicts could be thousands of individual damages cases against Google based on the same misconduct alleged in Matera v. Google, Case No. 15-CV-04062-LHK. Acting for a class of consumers who never signed up for Gmail (but nevertheless had their email scanned by Google), the Matera plaintiffs sought injunctive relief under the federal Electronic Communications Privacy Act (the "Wiretap Act") and California Invasion of Privacy Act ("CIPA").
San Diego’s Bank of Southern California NA Recognized as a Top Small Business Lender
SAN DIEGO, Calif. /California 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.
March 2018 is Residency Match Month and Residents Medical Candidates Achieve Medical Residency across U.S.
LOS ANGELES, Calif. /California Newswire/ -- Every March dozens of Residents Medical medical residency candidates find out if they attained their much-desired medical residency. There is no other more anticipated event for medical school graduates than the National Resident's Matching Program (NRMP) Match and Supplemental Offer and Acceptance Programs (SOAP). More than 50,000 applicants apply annually, but more than 5,000 don't make the cut. Residents Medical works to ensure their medical residency candidates achieve their dream residency.
ReverseVision Partners with DataVerify to Help HECM Lenders Reduce Risk and Improve Loan Quality
SAN DIEGO, Calif. /California 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.
MQMR – Mortgage Risk Management and Compliance Vendor Grows Sixth Consecutive Year Serving Lenders and Servicers
LOS ANGELES, Calif. /California Newswire/ -- Mortgage Quality Management and Research, LLC (MQMR), a leader in mortgage risk management and compliance services, today announced that 2017 was a banner year for the company, marked by the launch of two new auditing programs and the addition of senior-level staff members.
EPIC Insurance’s Suzanne McGarey, Matias Ormaza and Louis Hefter Honored as 2018 Risk & Insurance ‘Power Brokers’
SAN FRANCISCO, Calif. /California Newswire/ -- EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Managing Principal Suzanne McGarey and Senior Vice President Matias Ormaza have been recognized as 2018 Power Brokers by Risk & Insurance Magazine. Principal Louis Hefter was named a finalist.
Bank of Southern California, N.A. (BCAL) Announces Amanda Conover as VP, Director of Marketing
SAN DIEGO, Calif. /California 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.
Matic Insurance and RoundPoint Automate Homeowner Insurance for Mortgage Servicing and Home Buyers
SHERMAN OAKS, Calif. /California Newswire/ -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced a wide-ranging integration with RoundPoint Mortgage Servicing Corporation (RoundPoint), a mortgage loan originator and one of the nation's largest non-bank mortgage servicing companies. The integration will make Matic's one-click "get quote" button available to both customers and employees of RoundPoint.
Trial Attorney and Senior Litigator Eugene Ashley Joins Hoge Fenton in California
SAN JOSE, Calif. /California Newswire/ -- Hoge Fenton is pleased to announce that Eugene "Geno" Ashley has joined the firm's Business Litigation group. A senior litigator and trial attorney, Geno, a former Hopkins & Carley shareholder, brings a wealth of litigation and trial experience to Hoge Fenton.
Exclusive Travel Site – Travel Transparency – Gives Members Access to Wholesale Prices and Beats Competition Every Time
CARLSBAD, Calif. /California Newswire/ -- Travel Transparency, a private wholesale travel platform, is creating a real buzz in the travel and tourism industry. It guarantees to beat any pricing on major Internet travel sites such as Expedia, Orbitz, Priceline, Kayak, Travelocity, Hotwire and more. For serious or beginning travelers, Travel Transparency saves time and money and people can feel confident that they have gotten the best deal possible.
Americas United Bank and Bank of Southern California NA Announce Merger
SAN DIEGO, Calif. /California 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.
Union Institute & University appoints Dr. Karen Schuster Webb as New Org President
LOS ANGELES, Calif. /California Newswire/ -- Union Institute & University's Board of Trustees today announced the appointment of Dr. Karen Schuster Webb as the university's sixth president, effective July 1, 2018. Dr. Webb succeeds Dr. Roger H. Sublett, who is retiring after serving Union as president since April 2003. A Board-appointed transition committee will assist Dr. Sublett and President Elect Webb in the coming months.
Mitchell Nomura named an Internal Audit Manager at Mortgage Quality Management and Research LLC
LOS ANGELES, Calif. /California Newswire/ -- Mortgage Quality Management and Research, LLC (MQMR), a leader in mortgage risk management and compliance services, announced it has hired Mitchell Nomura as internal audit manager. In this role, Nomura will apply his more than 30 years of experience overseeing compliance and risk management departments at bank and non-bank lenders to leading MQMR's team of expert internal auditors as they identify compliance and operational risks for mortgage lender clients.
Global DMS Launches EVO-Commercial, a Next-Generation Valuation Management Software Platform
SAN DIEGO, Calif. /California 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.
Bank of Southern California, N.A. (BCAL) Announces its Fourth Quarter and Year-end 2017 Results
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,134,397 for the fourth quarter of 2017, compared to $1,088,043 for the third quarter of 2017 and $902,476 for the fourth quarter of 2016. For the year, net earnings were $3,964,692 in 2017, a 32% increase compared to $3,009,251 for 2016. Results for the fourth quarter and year ended December 2017 include a $200,000 increase in income tax expense due to recent Tax Reform legislation.
EPIC Insurance Brokers’ Suzannah Gill Named a 2018 Rising Star in Advising by Employee Benefit Adviser
SAN FRANCISCO, Calif. /California Newswire/ -- EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Benefits Strategy Consultant Suzannah Gill has been recognized as a 2018 Rising Star in Advising by Employee Benefit Adviser. Although she was the firm's youngest producer when she joined EPIC, Gill quickly became known as a company and industry thought leader.
Union Institute & University Master of Arts Online Health and Wellness Program Earns Programmatic CAAHEP Accreditation
LOS ANGELES, Calif. /California Newswire/ -- Union Institute & University's Master of Arts Online Program Health & Wellness Lactation Consultant Distance Degree Program has been awarded initial accreditation by the Commission on Accreditation of Allied Health Education Programs (CAAHEP). Union is a national university with academic centers located in: Ohio, Florida, and California.
iMobie PhoneRescue Now Retrieves Data from All 2018 Android Phones and Tablets
LOS ANGELES, Calif. /California Newswire/ -- iMobie Inc., a leading software company focused on Android and iOS, announces that its ultimate data recovery tool PhoneRescue supports recovery of data from all Android phones and tablets, including SAMSUNG, HUAWEI, LG, XIAOMI, SONY etc. No brand limit anymore. With the highest data recovery rate in the industry, PhoneRescue will dig into every corner of your phone and bring back all your lost-but-valued messages, contacts, photos, music, videos, app data and more with ultra ease - even restore your most valued data directly to your phone.
MQMR’s Subsequent QC LLC Urges Lenders to Protect MSRs Ahead of 2018 Mortgage Servicing Activity
LOS ANGELES, Calif. /California Newswire/ -- Subsequent QC, LLC (SQC) President Michael Steer today advised lenders to take steps to protect their Mortgage Servicing Rights (MSR) assets ahead of an anticipated increase in total mortgage servicing volume. According to the Mortgage Bankers Association, outstanding mortgage debt is expected to reach $10.4 trillion by the end of 2018, compared to $10 trillion in 2017 and $9.7 trillion in 2016.
DocMagic Reaches 300 Million Mortgage eSignings Milestone as More Borrowers Opt for eSigning and Require Proof of TRID Compliance
TORRANCE, Calif. /California Newswire/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has processed more than 300 million mortgage-related electronic signatures.
Bank of Southern California, N.A. announces new Commercial Real Estate and SBA Lending Group
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS: BCAL), announced that Steve Pollett has joined the company as SVP, SBA and Commercial Real Estate Lending Group Manager. With more than 30 years' experience in SBA and Commercial Real Estate lending, Pollett will be responsible for leading a team to provide financing to small and medium-sized businesses throughout the Southern California region. Prior to joining Bank of Southern California, Pollett was Senior Vice President and Group Manager of Commercial Lending with Plaza Bank.
iEmergent Joins The Mortgage Collaborative Preferred Partner Network, will offer Market-based Forecasts
SAN DIEGO, Calif. /California Newswire/ -- The Mortgage Collaborative, the nation's only independent mortgage cooperative, today announced the addition of forecasting and analytics firm iEmergent to its Preferred Partner network. iEmergent offers TMC members market-based forecasts that can drill down into communities, making the intelligence relevant to both high-level strategic issues and specific market challenges.
EPIC Insurance Adds Philip Westphal in Sacramento-based Healthcare Practice
SACRAMENTO, Calif. /California Newswire/ -- EPIC Insurance Brokers and Consultants announced today that risk management and insurance professional Philip Westphal has joined the firm's commercial property/casualty team in Sacramento, Calif. as a Risk Advisor/Broker in EPIC's Healthcare Practice. Westphal will report to Managing Principal and Healthcare Practice Co-leader, Tom McCready.
Kathy Gonzales Named Senior VP, Director of Branch Banking for Bank of Southern California N.A. (BCAL)
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has appointed Kathy Gonzales as Senior Vice President, Director of Branch Banking. She will be responsible for supporting the Bank's commitment to the customer experience by deepening customer relationships, and identifying opportunities to increase the bank's market share.
Hak’s Shows Foodies Organic Innovation at 2018 Winter Fancy Foods in San Francisco
SAN FRANCISCO, Calif. /California Newswire/ -- Hak's, a leading manufacturer of clean ingredient sauces, condiments, and prepared foods looks forward to showcasing its full product line at the Winter Fancy Foods show, Booth #6406, from January 21 - 23 in San Francisco. Hak's products feature a unique combination: They're all designed by celebrity chef and founder Sharone Hakman, while offering great taste AND clean ingredients.
Mortgage Quality Management Announces Internal Audit Services Compliant with Fannie Mae Seller/Servicer Update
LOS ANGELES, Calif. /California Newswire/ -- Mortgage Quality Management and Research, LLC (MQMR), a leader in mortgage risk management and compliance services, today announced that its Internal Audit services offering meets or exceeds the requirements for Fannie Mae seller/servicers to be in compliance with the December 19, 2017 Fannie Mae Selling Guide Announcement SEL-2017-10 update.
VLP Law Group Welcomes Partner, Attorney Debra B. Vernon, to the Firm’s Corporate Practice Group
PALO ALTO, Calif. /California Newswire/ -- VLP Law Group LLP is pleased to announce that Debra B. Vernon has joined the firm's Corporate Practice Group as a partner based in the San Francisco Bay area. She specializes in startup formation and capitalization, financings, corporate venture, mergers and acquisitions, public offerings and corporate governance.
MCT Trading COO Phil Rasori Scheduled to Speak at the Independent Mortgage Bankers Conference
SAN DIEGO, Calif. /California Newswire/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that its COO, Phil Rasori, will be speaking on a panel session at the MBA's 2018 Independent Mortgage Bankers Conference on Wednesday, January 24, 2018 being held at the Ritz-Carlton in Fernandina Beach, Florida.
MAG Instrument partners with Maschmedt & Associates for marketing of MAGLITE products in Western USA
ONTARIO, Calif. /California Newswire/ -- MAG Instrument Inc. has inked a manufacturer's representative agreement with Maschmedt Group, a full service sales and marketing firm, to greatly increase its reach in the critical retail sectors of sporting goods and hardware. The deal is expected to boost sales of MAGLITE(R) products in these sectors especially in the Western United States where Maschmedt & Associates concentrates its efforts.
MATIC Insurance CEO says Smaller Originators Will Follow Top Lenders, Making Homeowner’s Insurance Part of Digital Mortgages
SHERMAN OAKS, Calif. /California Newswire/ -- Integrating homeowner's insurance into the mortgage origination process is a relatively new idea - and one Matic CEO Aaron Schiff anticipates will gain traction in 2018. His firm expects small and mid-sized mortgage operations will follow the lead of several marquee lenders that added homeowner's insurance to their origination workflows last year.
Cloudvirga Closes Record Year with Customers of Its Digital Mortgage Platform Producing Over $100B in Loan Volume
IRVINE, Calif. /California Newswire/ -- Cloudvirga CEO Michael Schreck is on a mission to help mortgage lenders reinvent the mortgage factory. A developer of intelligent mortgage point-of-sale platforms, Cloudvirga gives consumers and loan officers a digital mortgage experience and helps lenders grow market share by automating the mortgage back office, saving them up to $1,500 a loan.
City of Beaumont’s 5G wireless strategy advanced with telecom solutions from XG Communities
IRVINE, Calif. /California Newswire/ -- XG Communities LLC and the City of Beaumont, Calif. announced that approximately 2,000 street light poles are available to wireless carriers and technology companies for small cell deployment. The street light poles are available on XG Communities' Site SeleX Platform.
XG Communities LLC Threatens Outdated Small Cell Deployment Model with Site SeleX Platform
IRVINE, Calif. /California Newswire/ -- XG Communities LLC, a premier provider of accelerated, organized and predictable wireless deployment for cities and municipalities across the United States, announced initial success in solving the small cell inventory and speed-to-deployment problems facing connectivity providers. Contrary to macro tower ownership models, XG Communities serves as the facilitator in the process for both cities and carriers, reducing variability and increasing the speed.
Mortgage Capital Trading Bolsters its Strategic Team, Adds Ian Miller as Chief Marketing Officer
SAN DIEGO, Calif. /California Newswire/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that Ian Miller has joined the company as Chief Marketing Officer (CMO). In this newly created position, he is responsible for ensuring that MCT's marketing strategy effectively supports the company's business plan and helps drive growth.
Digital Mortgage Pioneer Cloudvirga Hires Sean McEvoy as its Chief Customer Officer
IRVINE, Calif. /California Newswire/ -- Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, has appointed Sean McEvoy as its chief customer officer. As a member of the senior leadership team, McEvoy will be responsible for the firm's customer leadership, implementation and support functions. He has an extensive background in building world-class customer success organizations at FileNET, IBM, Quest and Dell. He will report to Cloudvirga CEO Michael Schreck.
Continuing Its Growth, VLP Law Group Welcomes Addition of Real Estate Partner Debra Schiff
PALO ALTO, Calif. /California Newswire/ -- VLP Law Group LLP is pleased to announce that Debra Schiff has joined the firm's Real Estate Practice Group as a partner based in Los Angeles, California. Ms. Schiff is the second Los Angeles based attorney to join the firm's growing Real Estate Practice Group in recent weeks. Los Angeles attorney Craig P. Wood joined the firm as a Partner in December.
SecuGen Corp. to Unveil Hamster Pro 10 Ultra-Slim Fingerprint Reader and U10 Sensor at CES 2018
SANTA CLARA, Calif. /California Newswire/ -- SecuGen is pleased to announce the unveiling of the soon to be released Hamster Pro(TM) 10 fingerprint reader. The Hamster Pro 10 is the smallest and lowest priced fingerprint in SecuGen's growing line of high quality fingerprint products.
Bank of Southern California, NA Opens New Banking Branch in City of Orange, Calif.
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the opening of a production office in Orange County in the city of Orange, Calif. In addition, the bank said it is actively looking to expand into other Southern California markets, as the company continues to grow the banks franchise throughout the Southern California region.
EPIC Insurance Brokers and Qualified Plan Advisors Announce Collaboration Agreement
SAN FRANCISCO, Calif. /California Newswire/ -- EPIC Insurance Brokers and Consultants, the retail property and casualty insurance brokerage and employee benefits consulting subsidiary of EPIC Holdings, announced today a collaboration agreement between EPIC's Houston-based Ascende Wealth Advisors, Inc. (AWAI) and Qualified Plan Advisors (QPA), a division of Prime Capital Investment Advisors. QPA is a federally regulated investment advisor with more than 30 years of specialized expertise in 401k planning advisory services and private wealth management advisory services.
