CA Finance

Veros Real Estate Solutions Delivers First Direct Connection to FHA Electronic Appraisal Delivery Portal

SANTA ANA, Calif. /California Newswire/ -- Veros Real Estate Solutions, an industry leader in enterprise risk management, collateral valuation services and predictive analytics, announced today that lenders and technology vendors interested in the option of implementing a direct connection to FHA's recently announced Electronic Appraisal Delivery portal for electronic appraisal submission can connect through Veros' proprietary product, PATHWAY.

DocMagic Surpasses 100 Million eSignature Transactions for the Mortgage Industry

TORRANCE, Calif. /California Newswire/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced today that its eSign platforms have now processed more than 100 million mortgage-related eSignature transactions.

DocMagic Inc. Updates Software for New TRID Functionality for Loan Origination

TORRANCE, Calif. /California Newswire/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, today announced that it has completed all required TILA-RESPA Integrated Disclosure rule software development and testing, and the new TRID enhancements have been officially released into DocMagic's production environment.

Diversification of EB-5 Investor Pool is a Positive Evolution of the EB-5 Immigrant Investor Program

COSTA MESA, Calif. /California Newswire/ -- In response to the surge in EB-5 applications from mainland China, the U.S. State Department has announced a cutoff date for immigrant investors from mainland China applying for permanent residency in the U.S. through the EB-5 visa program, according to PDC Capital Group.

DocMagic Inc. announces Collaborative Closing Platform to Meet TRID Requirements

TORRANCE, Calif. /California Newswire/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that it will launch a Collaborative Closing Platform for the mortgage industry. The solution is comprised of a secure, seamless and dynamic web-based portal that efficiently and expeditiously helps lenders comply with the TILA-RESPA Integrated Disclosure (TRID) rule that becomes effective on August 1.

Rich Swerbinsky, Nancee Mueller join The Mortgage Collaborative management team

SAN DIEGO, Calif. /California Newswire/ -- The Mortgage Collaborative, an independent lending cooperative serving small and mid-sized mortgage lenders and community-based lending institutions, has deepened its senior executive team with the addition of two new hires, announced the Collaborative's Chairman, John Robbins, CMB.

MCT Trading Adds Industry Veteran Joel Dulmage to Growing Sales Team for Mortgage Risk Management

SAN DIEGO, Calif. /California Newswire/ -- MCT Trading, Inc., a recognized industry leader in mortgage risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, announced that Joel Dulmage has joined the company in the capacity of regional sales director. Mr. Dulmage will be responsible for new business development and client service management in the Midwest territory.

Real Estate Market Showing Increasing Signs of Strengthening, Says Veros' Latest 12-Month VeroFORECAST Forecast Update

SANTA ANA, Calif. /California Newswire/ -- Veros Real Estate Solutions, an award-winning industry leader in enterprise risk management, collateral valuation services and predictive analytics, reports that the residential market is gaining momentum with a greater percentage of markets expected to increase in value over the next 12 months, moving upwards to 86% from last quarter's 82 percent.

Acquisition of EB-5 Regional Center announced by PDC Capital's CEO, Emilio N. Francisco

COSTA MESA, Calif. /California Newswire/ -- Emilio N. Francisco, Chairman and CEO of private equity firm PDC Capital Group, today announced the acquisition of ZGlobal Southern California EB-5 Investment Regional Center.

ReverseVision Inc. on Track for Financial Assessment Changes in Mortgage Industry Despite HUD Delay

SAN DIEGO, Calif. /California Newswire/ -- John Button, CEO of leading reverse mortgage software and technology provider ReverseVision, says the Department of Housing and Urban Development's (HUD) decision to delay implementation of its Financial Assessment (FA) rules provides a better opportunity for lenders to get the required technology changes including: ReverseVision's, HUD's and other systems implemented into their processes.

PDC Capital Group raising $45M in EB-5 immigrant investor funds to assist biodegradable organic chemical firm Clear Currents Inc.

COSTA MESA, Calif. /California Newswire/ -- Emilio N. Francisco, Chairman and Chief Executive Officer of private equity firm PDC Capital Group, today announced that PDC is raising $45 million in EB-5 immigrant investor funds to assist biodegradable organic chemical products firm Clear Currents, Inc.

Veros Real Estate Solutions' Pathway Supports Lender Appraisal Submissions to EAD

SANTA ANA, Calif. /California Newswire/ -- Veros Real Estate Solutions, an award-winning industry leader in enterprise risk management, collateral valuation services and predictive analytics, today announced that lenders interested in utilizing FHA's recently announced Electronic Appraisal Delivery (EAD) portal can achieve a direct connection for electronic appraisal submission through Veros' PATHWAY.

ReverseVision, Inc. Welcomes Wendy Peel as VP of Sales and Marketing

SAN DIEGO, Calif. /California Newswire/ -- ReverseVision, Inc., the leading technology provider for the reverse mortgage industry, today announced that seasoned marketing executive Wendy Peel has joined the company as its vice president of sales and marketing. In this position, Wendy will be responsible for managing the ReverseVision brand, working with product development and broadening brand awareness among forward lenders and financial planners.

DocMagic Inc. Implements MISMO Version 3.3 for the CFPB's Integrated Disclosure deadline

TORRANCE, Calif. /California Newswire/ -- DocMagic, Inc., the mortgage industry's leader in compliant loan document preparation and driver of complete eMortgage adoption, announced that its entire solution set now adheres to version 3.3 of the Mortgage Industry Standards Maintenance Organization (MISMO) Reference Model.

Veros Real Estate Solutions CEO Darius Bozorgi Speaking at 2015 ABS Vegas Conference

SANTA ANA, Calif. /California Newswire/ -- Veros Real Estate Solutions, an award-winning industry leader in enterprise risk management, collateral valuation services and predictive analytics, announces that CEO Darius Bozorgi will be a panelist at the 2015 ABS Vegas conference, the largest capital markets conference in the world.

MCT Trading's Phil Rasori recognized for development of MCTlive!, the company's new secondary marketing platform

SAN DIEGO, Calif. /California Newswire/ -- MCT Trading, Inc., a recognized industry leader in mortgage risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, announced that its COO, Phil Rasori, was named one of the Top 40 Most Influential Mortgage Professionals Under 40 by National Mortgage Professional magazine.

Jeremy Burcham named Chief Strategy Officer at The Compliance Group, Inc.

CARLSBAD, Calif. /California Newswire/ -- Leading mortgage compliance services provider The Compliance Group, Inc. (TCG) today announced it has hired Jeremy Burcham as Chief Strategy Officer. Bringing nearly 14 years of quality control and operations experience, Burcham will be responsible for formulating, facilitating and communicating TCG's plans for the future.

Launch of new secondary marketing technology platform MCTlive earns recognition

SAN DIEGO, Calif. /California Newswire/ -- MCT Trading, Inc., a recognized leader in mortgage pipeline hedging, loan sale execution and risk management services, today announced that it has been chosen by Mortgage Technology magazine as a finalist for the 2014 'Release of the Year' Award.

ReverseVision Names Jeff Birdsell VP to lead new RV Professional Services division

SAN DIEGO, Calif. /California Newswire/ -- ReverseVision, Inc. today announced the launch of their Professional Services division aimed at helping reverse mortgage lenders and brokers to be more successful. Mortgage industry veteran and the company's former head of product management, Jeff Birdsell, CMB, will lead the RV Professional Services as Vice President of this new division.

ArteQuesta announces a new art investment program in its support for veterans and military families

MILL VALLEY, Calif. /California Newswire/ -- ArteQuesta today announced a new art investment program in its support for veterans and military families. The fine arts investment company believes that every opportunity for the enjoyment of art, including the opportunity for art investment, should be given to those who serve the United States.

Reverse Mortgage Expert Jeffrey Taylor says HECM Reverse Mortgages Have Less Risk for Lenders

SAN DIEGO, Calif. /California Newswire/ -- According to reverse mortgage expert Jeffrey Taylor, a ReverseVision board member and president of Wendover Consulting, mortgage lenders offering the HUD-insured Home Equity Conversion Mortgage (HECM) will find that originating reverse loans carries fewer risks than traditional mortgages.

Reverse Mortgage Volumes Trend Upward in Closed Loan Data says Rob Katz of ReverseVision Inc.

SAN DIEGO, Calif. /California Newswire/ -- Contrary to what has been reported for the past six months, reverse mortgage originations have been trending up according to ReverseVision, Inc., a leading provider of reverse mortgage lending solutions. ReverseVision's RV Exchange (RVX) is the leading reverse loan origination system (RLOS) and lending system of record for the majority of reverse lenders.

Free Online Course on HUD Mortgagee Letter Changes offered through RV University (RVU)

SAN DIEGO, Calif. /California Newswire/ -- ReverseVision, Inc., a leading provider of business solutions for the reverse mortgage industry is offering a free online class 'Understanding the New Rules Regarding Non-Borrowing Spouses,' focused on changes announced by HUD in recent Mortgagee Letters 2014-07 and 2014-12 through its ReverseVision University (RVU).

Calif. Governor Brown, Treasurer Lockyer Kick-Start California PACE Program

SACRAMENTO, Calif. /California Newswire/ -- On Tuesday, Calif. Governor Edmund G. Brown Jr. and State Treasurer Bill Lockyer announced key actions approved late yesterday...

Home Improvement Industry Scores Below Average in the first 2014 Planese Inc. U.S. Customer Satisfaction Survey

SUNNYVALE, Calif. /California Newswire/ -- Planese Inc. today released a summary of its latest Consumer Satisfaction Survey, the first for 2014. Local Retailers are the best at meeting the needs of their customers - and grocery stores offer the most predictable consumer experience. The report was compiled from a survey of U.S. homeowners to determine their level of satisfaction with purchases of goods and services in 11 key industries.

Interpreters Unlimited Inc. Doubles Revenue with Acquisition of Albors and Alnet, a Translation and Medical Transportation Company

SAN DIEGO, Calif. /California Newswire/ -- Interpreters Unlimited, Inc. today announced that it has recently acquired Albors and Alnet, a language and medical transportation company. And, the Bank of Southern California was instrumental in providing the financing for the acquisition. As a result of this acquisition, Interpreters Unlimited has doubled its number of employees; can now offer medical transportation services; and has a presence on the east coast.

Postdoc Union Launches Campaign Urging UC to Reimburse Employees for Contractual Health Benefits UC Unfairly Refused to Provide

BERKELEY, Calif. /California Newswire/ -- UAW 5810, the union representing more than 6,000 postdoctoral scholars at the University of California, has launched a new online push for action urging UC to stop dragging its feet and reimburse many newly-immigrated postdocs for health care benefits it is contractually obligated to provide. The ads, which are linked to a change.org petition, can be seen here.

LendingQB's Loan Origination System helps Venta Financial Group Completely Automate Lending

COSTA MESA, Calif., /California Newswire/ -- LendingQB, a provider of end-to-end loan origination software, today announced that Venta Financial Group, Inc., a wholesale and retail mortgage banker, has experienced stellar results since implementing its browser-based end-to-end loan origination system (LOS).

MCT Trading Inc. named to San Diego Business Journal 2013 Top 100 Fastest-Growing Private Companies List

SAN DIEGO, Calif. /California Newswire/ -- MCT Trading, Inc., a leader in mortgage pipeline hedging and risk management services, announced that it has been named to the San Diego Business Journal's 2013 'Top 100' annual fastest-growing private companies list, with a specific ranking of 24. Organizations that earned a spot on the list were honored at a recent awards ceremony held at the Paradise Point Resort and in San Diego.

The Compliance Group, Inc. expands into larger offices to meet increased demand for Mortgage Compliance Services

CARLSBAD, Calif. /California Newswire/ -- California-based mortgage compliance services provider The Compliance Group, Inc., has relocated from its original San Marcos, Calif.-location into a larger office space, located at 1901 Camino Vida Roble, Ste. 115 in Carlsbad. According to Annemaria Allen, president of The Compliance Group, increased activity in the regulatory sector was a driving factor in the decision to move.

Dr. Barry Eichengreen to guest on 'Market Wrap with Moe Ansari' to discuss the looming threat of Europe on Wall Street

NEWPORT BEACH, Calif. /California Newswire/ -- On April 10, Dr. Barry Eichengreen will be the Guest Expert on 'Market Wrap with Moe Ansari,' a nationally syndicated radio show that analyzes Wall Street news and provides insight into the complexities of the stock market.

Karl Kim of Retirement Planning Advisors Inc is quickly gaining a reputation as California's 'go-to-guy' in retirement crisis planning

LOS ANGELES, Calif. /California Newswire/ -- Retirement Planning Advisors, Inc.'s Karl Kim CFP, CLTC, is a Medi-Cal specialist who is quickly gaining a reputation for being California's 'go-to-guy' in the retirement crisis planning arena. In fact, RPA is California's first firm completely dedicated to retirement crisis planning and pre-planning.

Retirement crisis expert and author Karl Kim Offers Medi-Cal and Long-term Care Solutions in his New Book

LOS ANGELES, Calif. /California Newswire/ -- According to retirement crisis expert. and author of 'Don't Go Broke Paying the Nursing Home' (ISBN: 978-0988902619), Karl Kim, CFP, CLTC; each year thousands of people are thrust into a 'care crisis' when a family member or loved one needs long-term care.