CA Finance

California MBA Invites Phil Laren of MCT to Speak on at its New Mortgage Technology Conference

SAN DIEGO, Calif. /California Newswire/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that its Director of MSR Services Phil Laren is scheduled to speak on a must-attend panel session. The panel will be hosted by the California Mortgage Bankers Association (CMBA) at their annual Loan Servicing and Technology Conference in San Diego Calif. from Aug. 6 to 8 at the Westin Hotel.

Oak Hill Capital to Invest in EPIC Insurance Brokers & Consultants to Support its Further Expansion

SAN FRANCISCO, Calif. /California Newswire/ -- EPIC Insurance Brokers & Consultants, a retail property, casualty insurance brokerage, and employee benefits consultant, announced today that private equity firm Oak Hill Capital Partners (Oak Hill) has agreed to acquire all of The Carlyle Group (NASDAQ:CG) stake, giving Oak Hill a controlling equity position in EPIC. Oak Hill's investment will enable EPIC to continue its aggressive organic growth strategy.

CMBA Conference: Mortgage Capital Trading Introduces Bulk Acquisition Manager Secondary Marketing Tech

SAN FRANSISCO, Calif. /California Newswire/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced at the California Mortgage Bankers Association's (CMBA) annual Western Secondary Market Conference held in San Francisco, that it has released new secondary marketing technology to improve the industry's existing loan sale practices. Dubbed Bulk Acquisition Manager(TM) (BAM), the solution automates the process of packaging and transferring bulk loan bids, which benefits investors, lenders and MCT's team of mortgage loan traders.

The Mortgage Collaborative Appoints Arthur Prieston CMB as Chair of its new Capital Markets Committee

SAN DIEGO, Calif. /California Newswire/ -- The Mortgage Collaborative (TMC), the nation's only independent mortgage cooperative, today announced that industry authority Arthur Prieston has been appointed chair of its newly formed Capital Markets Committee. In this role, Prieston will lead capital market engagements for the group's lender members.

The Mortgage Collaborative adds The Money Source as a Correspondent Investor to Preferred Partner Network

SAN DIEGO, Calif. /California Newswire/ -- The Mortgage Collaborative, the nation's only independent mortgage cooperative, announced a new partnership with national correspondent investor and mortgage loan servicer, The Money Source. The new relationship with The Money Source adds another best-in-class national correspondent investor to their preferred partner network.

Mortgage Capital Trading Welcomes Markets Veteran Bill Berliner as Director of Analytics

SAN DIEGO, Calif. /California Newswire/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced that it has appointed Bill Berliner to the newly created position of director of analytics. In this role, he will take the lead to develop new products and services, enhance existing solutions, and help expand MCT's footprint as the preeminent industry-leader in secondary marketing capabilities for lender clients.

Lender Price Announces Mortgage Tech Integration with Ernst Publishing

PASADENA, Calif. /California Newswire/ -- Lender Price, the emerging leader in digital mortgage interface technology and real-time, competitive mortgage analytics and product pricing & eligibility (PPE) solutions complete with full mobile functionality and advanced business intelligence, announced that it has integrated with Ernst Publishing, the leading provider of mortgage fee data for the real estate and home finance industry.

Real Estate Industry Expert Jake Seid Joins Qualia Advisory Board to Advance Title Settlement Software

SAN FRANCISCO, Calif. /California Newswire/ -- Qualia today announced that Jake Seid will join the company's board of advisors. In addition to his time as president of Ten-X and Managing Director at Lightspeed Venture Partners, Seid is an investor and advisor to a myriad of companies touching the real estate sector, including Blend Labs, LendingHome, Opendoor, Reside, Roofstock, Shogun, and Ten-X.

DocMagic UCD Tech Now Supports Both Phases of Upcoming Uniform Closing Dataset Requirements

TORRANCE, Calif. /California Newswire/ -- DocMagic, Inc., the mortgage industry's leading provider of document production, automated compliance and comprehensive eMortgage services, announced that its technologies are now capable of supporting both phases of the upcoming UCD (Uniform Closing Dataset) requirement.

Phil Rasori of MCT to Speak on Hedge Accounting at AMB User Conference

SAN DIEGO, Calif. /California Newswire/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced that its COO, Phil Rasori, is scheduled to speak on a panel session hosted by Advantage Systems, Inc. at its third annual Accounting for Mortgage Banking (AMB) user conference.

MCT’s Chris Anderson to Co-Instruct MBA Webinar on ‘The Lock Desk’s Role in the Secondary Marketing Department’

SAN DIEGO, Calif. /California Newswire/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced that it will be participating in an upcoming webinar that the Mortgage Bankers Association will be hosting on the topic of the business- critical role that lock desks play within secondary marketing departments.

Digital Mortgage Provider, Lender Price, Demos at BKFS Motivity Solutions User Conference

PASADENA, Calif. /California Newswire/ -- Lender Price, the emerging leader in digital mortgage interface technology and real-time, competitive mortgage analytics and product pricing & eligibility (PPE) solutions complete with full mobile functionality and advanced business intelligence, announced that Black Knight Financial Services, Inc.'s (NYSE:BKFS) Motivity Solutions will use pricing data from Lender Price's industry-leading PPE to provide pricing analytics to its users.

The Mortgage Collaborative Partners with Mortgage Quality Management and Research, LLC to Provide Its Members New Tools

SAN DIEGO, Calif. /California Newswire/ -- The Mortgage Collaborative, the nation's only independent mortgage cooperative, today announced a strategic partnership with Mortgage Quality Management and Research, LLC ("MQMR"), a national leader in risk management and compliance services.

Cloudvirga Names Veteran Tech Entrepreneur Michael Schreck as new CEO

IRVINE, Calif. /California Newswire/ -- Cloudvirga(SM), developer of next-generation loan officer and direct-to-consumer point-of-sale (POS) systems, has named Michael Schreck its chief executive officer. He succeeds cloudvirga co-founder Bill Dallas, who will continue as chairman of cloudvirga's board of directors.

Phil Rasori of MCT to Serve as Keynote Speaker at Illinois MBA Capital Markets Update

SAN DIEGO, Calif. /California Newswire/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced that its COO, Phil Rasori, will be a key note speaker at the Illinois Mortgage Banking Association's Mortgage/Capital Market Update event on June 8, 2017. As a keynote speaker, Mr. Rasori will discuss topics that include hedging, pricing and servicing.

DocMagic Total eClose Solutions Receive 2017 ALTA ‘Elite Provider’ Designation

TORRANCE, Calif. /California Newswire/ -- DocMagic, Inc., the mortgage industry's leading provider of document production, automated compliance and comprehensive eMortgage services, announced that it has been accepted into the Elite Provider Program for American Land Home Title Association (ALTA).

Wholesale Trading Insurance Services welcomes William Reyes in San Francisco

SAN FRANCISCO, Calif. /California Newswire/ -- Wholesale Trading Insurance Services, LLC (WTIS) announced today that industry veteran William Reyes has joined the firm as Director/Casualty Broker in Laguna Niguel, Calif.; he will work in conjunction with the firm's principal office in San Francisco.

LaNette Holley Joins The Mortgage Collaborative as Director of Strategic Initiatives

SAN DIEGO, Calif. /California Newswire/ -- The Mortgage Collaborative (TMC), the nation's only independent mortgage cooperative, announced the hiring of LaNette Holley as their Director of Strategic Initiatives. Holley comes to The Mortgage Collaborative with over 25 years of experience in the area of mortgage lending.

BeSmartee and DocMagic Integrate Mortgage Tech, Creating a Fast, Fully Digital Application for Borrowers

TORRANCE, Calif. /California Newswire/ -- DocMagic, Inc., the mortgage industry's leading provider of document production, automated compliance and comprehensive eMortgage services, announced that it completed an integration with BeSmartee, a leader in mortgage automation technology.

Jim Paul Joins Bank of Southern California, NA as VP at Del Mar Office

SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Jim Paul has joined the Bank as Vice President, Business Banking at the Del Mar Corporate office. He will primarily focus on building new client relationships for the bank.

Cara Krause Joins Mortgage Capital Trading’s Growing Sales Team

SAN DIEGO, Calif. /California Newswire/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced that Cara Krause has joined the company as regional sales director. Ms. Krause will handle business development efforts and client management for new lender clients in the Northeast region of the country.

The Mortgage Collaborative Partners with Blend for Digital, Automated Platform

SAN DIEGO, Calif. /California Newswire/ -- The Mortgage Collaborative, the nation's only independent mortgage cooperative, today announced a partnership with Blend, a Silicon Valley technology company bringing mortgages into the modern age, to deliver a digital mortgage experience that is fast, simple and secure to its network of small, mid-sized, and community-based lenders.

Texas Capital Bank Implements DocMagic Total eClose Solution

TORRANCE, Calif. /California Newswire/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Texas Capital Bank has implemented its Total eClose(TM) solution. This implementation enables the bank to function as an eWarehouse lender. They can now accept and fund eNotes from its lender customers that want to drastically speed up the process of closing and selling loans.

The Mortgage Collaborative President David G. Kittle Issues Statement Supporting MBA GSE Reform Proposal

SAN DIEGO, Calif. /California Newswire/ -- On behalf of its network of lenders, David G. Kittle, CMB, president and vice chairman, The Mortgage Collaborative, has issued the following statement on the Mortgage Bankers Association's (MBA) release of its GSE Reform proposal, "GSE Reform: Creating a Sustainable, More Vibrant Secondary Mortgage Market":

MuniServices, Municipal Tax Attorney Proactively Protect Local Revenue

IRVINE, Calif. /California Newswire/ -- Whether you love or hate them, local taxes and fees are critical sources of revenue that pay for good roads, clean water and safe communities. To help protect these funds, MuniServices, one of the nation’s leading municipal tax auditors, has partnered with attorney Ben Fay to advise its city and county clients on the legal application of their local ordinances, and to help protect them against social and economic changes.

Traffk LLC announces addition of Mr. David Brown to expanding team in health solutions market

LOS ANGELES, Calif. /California Newswire/ -- Traffk(TM) LLC is pleased to announce the addition of Mr. David Brown to the expanding Traffk team. Brown will fill the role of Market President, serving Traffk's payer and health solutions market. Traffk modernizes the insurance underwriting process with more accurate data insights and risk profiling, allowing risk-bearing companies or health plans to manage profitability.

Melyn Acasio Joins Bank of Southern California, N.A. at its Del Mar Corporate Office

SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Melyn Acasio has joined the Bank as Vice President, Client Relationship Manager at the Del Mar Corporate office. She will primarily focus on building new client relationships for the bank.

Fintech Mortgage Automation Pioneer Cloudvirga Raises $15M in Series B Funding

IRVINE, Calif. /California Newswire/ -- Cloudvirga(SM), developer of the automated, cloud-based intelligent Mortgage Platform(R) (iMP), announced today it has raised $15 million in a series B funding round led by Incenter, a Blackstone Group portfolio company. The new funding will support cloudvirga as it scales its technology and expands its product offerings.

Qualia Integrated with Fidelity National Title Group AgentTRAX System for Title Services

SAN FRANCISCO, Calif. /California Newswire/ -- Qualia, the fastest growing provider of title settlement software, announced it has integrated the agentTRAX portal from Fidelity National Title Group (NYSE:FNF) into its settlement platform. Through this integration, Chicago Title, Commonwealth Land Title and Fidelity National Title agents can issue Closing Protection Letters (CPLs) and generate policy jackets directly through the Qualia system.

2017 NAMB East Association of Mortgage Professionals Convention: Lender Price to Unveil the Lender Price Marketplace

PASADENA, Calif. /California Newswire/ -- Lender Price, the emerging leader in real-time, competitive mortgage analytics and product pricing & eligibility (PPE) solutions announced today that it is launching the Lender Price Marketplace at the 2017 NAMB East Association of Mortgage Professionals Convention exhibit in Atlanta, Georgia on March 16 - 18.

Qualia Labs Connects to AgentNet from First American for Integrated Title Services

SAN FRANCISCO, Calif. /California Newswire/ -- Qualia, the fastest growing provider of title settlement software, announced it has integrated its namesake settlement platform with AgentNet(R) from First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE:FAF).

Marking Major Milestone, The Mortgage Collaborative Welcomes 100th Lender Member

SAN DIEGO, Calif. /California Newswire/ -- The Mortgage Collaborative, the nation's only independent mortgage cooperative, announced today that the 100th lender member joined the organization, a milestone reached following their recent Winter Lender Member Conference in Scottsdale, Ariz.

Jeff Birdsell of ReverseVision Named to MPA Hot 100 for Advancing Reverse Mortgage Industry

SAN DIEGO, Calif. /California Newswire/ -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced that Vice President of Professional Services Jeff Birdsell, CMB, has been selected as one of Mortgage Professional America (MPA) magazine's 2017 Hot 100. Birdsell was recognized for his significant contributions to the reverse mortgage industry over a career that has spanned 25 years.

Chris Kiley Joins Wholesale Trading Insurance Services (WTIS) in San Francisco

SAN FRANCISCO, Calif. /California Newswire/ -- Wholesale Trading Insurance Services, LLC (WTIS) announced today that industry veteran Chris Kiley has joined the firm as Managing Director/Property Broker. WTIS is a privately-held wholesale insurance broker created and managed by industry veterans whose goal is to better align the business interests of the retail broker, the wholesaler and insurance carriers.

Qualia Partners with Stewart Information Services Corp. to Enhance Title Agent Experience

SAN FRANCISCO, Calif. /California Newswire/ -- Qualia, the fastest growing provider of title settlement software, announced it has completed an integration with Stewart Information Services Corp. (NYSE:STC), a leading provider of title insurance. Through the integration with Stewart Access, title agents will be able to obtain Stewart rate information, create title policy jackets and issue Closing Protection Letters (CPLs) directly within Qualia.

Bank of Southern California, NA Promotes Tony DiVita to Executive VP, Chief Banking Officer

SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTCMKTS:BCAL / OTC Pink: BCAL) announced that Tony DiVita has been promoted to the role of Executive Vice President, Chief Banking Officer. In his expanded role, he will continue to oversee new business origination and customer retention efforts, the Small Business Administration (SBA) Group, and bank marketing.

Mortgage Capital Trading COO Phil Rasori to Speak at 2017 Independent Mortgage Bankers Conference

PALM SPRINGS, Calif. /California Newswire/ -- Independent Mortgage Bankers Conference (IMBC) -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced that its COO, Philip Rasori, will speak on a panel session on the subject of investor base optimization.

MCT and OpenClose Complete New Integration to Optimize Lender Loan Hedge Positions

PALM SPRINGS, Calif. /California Newswire/ -- Independent Mortgage Bankers Conference - OpenClose(R) an enterprise-class, multi-channel loan origination system (LOS) provider, and Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, jointly announced they developed an integration that eliminates manual intervention and streamlines the delivery of loan data to maximize hedging for lenders.

Kelly Kelleher of ReverseVision Named Director of Corporate Marketing and Events

SAN DIEGO, Calif. /California Newswire/ -- ReverseVision, Inc., the leading provider of software and technology for the reverse mortgage industry, today announced the promotion of Kelly Kelleher to the role of director of corporate marketing and events. In her new role, Kelleher will refine ReverseVision's brand identity to ensure it resonates with an evolving reverse mortgage marketplace.

Banking Expert Rob Chrisman to Address Special Session at ReverseVision 2017 UserCon

SAN DIEGO, Calif., /California Newswire/ -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, today announced that mortgage industry expert Rob Chrisman will address attendees of RV UserCon 2017 as a special session speaker on February 9 in San Diego.

The Mortgage Collaborative Releases Aggressive 2016 Growth Data with $150B in Origination Volume

SAN DIEGO, Calif. /California Newswire/ -- The Mortgage Collaborative, the industry's premier mortgage cooperative, today released year-end data on its 2016 growth. "Adding 50 new lender members and 20 new Preferred Partners in 2016 met the aggressive goals established by our Board, and grew our aggregate origination volume to over $150 billion," said David G. Kittle, CMB, the Collaborative's President.

New Book, ‘Axe the Taxes’ Might Help You Pay for Your Big Christmas!

RIVERSIDE, Calif. /California Newswire/ -- Marvin Lee Robey announces the release of his latest book, "Axe the Taxes." Mr. Robey says "Axe the Taxes" is based on Supreme Court cases dealing with taxes and quotes those Supreme Court rulings.

DocMagic Total eClose Enables Industry’s First Completely Paperless Digital Closing – Start to Finish

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 successfully completed the mortgage industry's first comprehensive eClosing in Massachusetts, which included both lender and closing/settlement agent documentation, for radius financial group, inc.

Corporate Partner Geoffrey Perusse joins VLP Law Group Team

PALO ALTO, Calif. /California Newswire/ -- VLP Law Group LLP is pleased to announce that Geoffrey Perusse has joined the firm's Corporate Practice Group as a partner based in the San Francisco Bay Area. Mr. Perusse will chair the firm's Private Funds and Investment Management Group.

David G. Kittle, CMB, appointed President at The Mortgage Collaborative

SAN DIEGO, Calif. /California Newswire/ -- The Mortgage Collaborative, an independent mortgage lending cooperative, today announced the appointment of David G. Kittle, CMB as its President said John M. Robbins, CMB, the corporation's Chairman.

Mortgage Capital Trading’s Enhancements to Industry-Leading Services Extends its Market Share

SAN DIEGO, Calif. /California Newswire/ -- Mortgage Capital Trading, Inc. (MCT), an industry leading hedge advisory firm and developer of MCTlive!(TM), the award-winning secondary marketing software suite, announced that it has added a number of new features to its best execution service offering. The enhancements outpace existing competitor offerings and position MCT to capture additional business among lenders.

ReverseVision Exchange RVX Now Offers Integrated Flood Determination from ServiceLink

SAN DIEGO, Calif. /California Newswire/ -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, announced it has completed an integration with ServiceLink Flood (ServiceLink) that enables users of RV Exchange (RVX) loan origination software (LOS) to order a "life of loan" flood certification from ServiceLInk without ever leaving the RVX system. ServiceLink flood products can be ordered from within RVX as of the system's 6.2 update.

Utelogy Corporation Completes Series A Private Equity Offering to Enhance Education and Enterprise Tech

LOS ANGELES, Calif. /California Newswire/ -- Utelogy Corporation, creator of enterprise audio/visual control, management, services and analytics software for use in higher education and enterprises announced that it has successfully closed a fully-subscribed, private equity offering with a small group of private Accredited Investors at an undisclosed value. Funds from this offering will support the company's current growth trajectory including software developers and additional support staff.

Lender Price Investor Glenn Stearns Appearing at 2016 MBA Convention in Boston

PASADENA, Calif. /California Newswire/ -- Lender Price, the emerging leader in real-time, competitive mortgage analytics and product pricing and eligibility (PPE) solutions complete with full mobile functionality and advanced business intelligence, today announced that its investor Glenn Stearns will appear at its 2016 MBA Annual Convention exhibit in Boston on October 23 - 26.

Lender Price Launches Real-Time, Competitive Analytics and Pricing Platform at 2016 MBA Convention Boston

PASADENA, Calif. /California Newswire/ -- Lender Price, the emerging leader in real-time, competitive mortgage analytics and product pricing & eligibility (PPE) solutions complete with full mobile functionality and advanced business intelligence, today announced its upcoming launch at the 2016 MBA Annual Convention in Boston, October 23 - 26.