Banking and Finance

mXpo.net 2009 Virtual Mortgage Tradeshow Adds Del Mar DataTrac, MortgageDashboard, RateAlert, and vLender – Registers 1,200 Attendees

Author: mXpo, Inc.
Dateline: Fri, 02 Oct 2009

freeNewsArticles Story Summary: “AVENTURA, Fla. (SEND2PRESS NEWSWIRE) -- mXpo.net 2009 Virtual Mortgage Tradeshow, the first mortgage industry-sponsored virtual tradeshow, conference and educational content event being held October 7 - 8, continues to add exhibitors including Del Mar DataTrac, MortgageDashboard, RateAlert and vLender, and has registered more than 1,200 attendees.”



A R T I C L E:

First ever virtual mortgage conference, tradeshow and job fair attracts lenders, vendors with innovative marketing, educational content and networking venue.

AVENTURA, Fla., Oct. 2 (SEND2PRESS NEWSWIRE) -- mXpo.net 2009 Virtual Mortgage Tradeshow (www.mXpo.net), the first mortgage industry-sponsored virtual tradeshow, conference and educational content event being held October 7 - 8, continues to add exhibitors including Del Mar DataTrac, MortgageDashboard, RateAlert and vLender, and has registered more than 1,200 attendees.

mXpo.net provides mortgage industry professionals, including wholesale and retail originators and loan officers, loan processors and back office personnel, executives and owners, and mortgage technology vendors and service providers the opportunity to congregate via an Internet portal, eliminating costly travel and lodging expenses, while ensuring a concentrated and productive educational experience. Its attendees, exhibitors and sponsors have embraced a virtual technology tradeshow alternative to complement traditional tradeshow strategies, offer business development innovations and create professional networking advantages.

"In this market, not every lender can afford to send their people to trade shows around the country," said Del Mar DataTrac president Rob Katz. "Yet, I think it is critical for mortgage bankers to explore and invest in their businesses in order to gain their market share before the industry starts to heat up again. We are intrigued with mXpo.net's event as it gives lenders the chance to get exposed to new ideas without having to incur the inconvenience and heavy cost of the traditional trade show. We are eager to be part of this new experience."

"MortgageDashboard is committed to the future of mortgage lending businesses and to the success of mortgage lending professionals on the frontline of origination," said an official MortgageDashboard representative. "The mXpo.net virtual tradeshow platform and content delivery concept is a timely innovation that will attract Web-savvy attendees and add a whole new arena of marketing opportunity for exhibitors."

"Rate Alert is the fastest growing, interest rate market-timing service in the industry currently serving more than 10,000 originators. Specializing in near-term analyses, forecasts and recommendations, Rate Alert is known for having the fastest, accurate 'Instant Re-pricing Alerts' available," said Rate Alert CEO Tim Kearns. "We are pleased to reach mXpo.net attendees since Rate Alert helps originators avoid devastating re-pricing hits on their unlocked loans by offering morning and afternoon lock advice, MBS training, and an arsenal of on-line analytical tools."

"vLender.com pioneered the industry's first automated Web origination and online marketing system in 1997, coining the phrase 'virtual lender' with the launch of the official Virtual Lender® Web system," said vLender.com senior account executive Josh Werner. "More than $60 billion in online loan production has originated through the Virtual Lender® system since its launch. Exhibiting at the mXpo.net 2009 Virtual Mortgage Tradeshow creates the ideal environment for lenders to understand the value of our solution."

"It has been amazing to watch this event gather momentum and spread interest throughout the mortgage community," said mXpo.net 2009 event director Camilla Dominguez. "Attendees have been attracted by the top drawer caliber of our keynote speakers and educational content. Now, as more providers of business-to-business services and technology to mortgage professionals realize how many of their target customers are congregating via mXpo.net, the value proposition is growing clearer."

mXpo.net 2009 is being held during the mortgage industry's busiest tradeshow season as an alternative for mortgage professionals making decisions about the best use of travel and education budgets. Through October 7, mXpo.net 2009 attendees pay only $99 for full-access to the two-day event.

About mXpo:

mXpo.net is an industry-sponsored virtual tradeshow, conference, job fair and educational content platform for mortgage professionals including wholesale and retail originators and loan officers, loan processors and back office personnel, executives and owners, and mortgage technology and services vendors.

More Information: For information about attending, sponsoring, or exhibiting at mXpo.net 2009 Virtual Tradeshow, contact us at (877) 257-2301.

###


Copyright © 2009 by mXpo, Inc. and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

• Web Image (72dpi): https://www.send2press.com/mediaboom/09-0812-mxpo_72dpi.jpg

Story Title: mXpo.net 2009 Virtual Mortgage Tradeshow Adds Del Mar DataTrac, MortgageDashboard, RateAlert, and vLender - Registers 1,200 Attendees
• REFERENCE KEYWORDS/TERMS: mxpo mortgage tradeshow, , , virtual trade shows, Banking and Finance, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (mXpo, Inc.); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Fri, 02 Oct 2009 13:47:21 GMT].

USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.
Banking and Finance

Del Mar DataTrac adds Mortgage Lending Expert Mark Todd as DMD Product Line Manager

Author: Del Mar DataTrac
Dateline: Tue, 22 Sep 2009

freeNewsArticles Story Summary: “SAN DIEGO, Calif. (SEND2PRESS NEWSWIRE) -- Del Mar DataTrac (DMD), the leading provider of affordable loan automation solutions for mortgage lenders, banks and credit unions, has tapped mortgage lending veteran Mark Todd as a DMD Product Line Manager. Todd has more than 18 years' mortgage lending management experience, including nearly a decade at the C-level. For more than five years he was co-owner and COO of a mortgage lender producing in excess of $2 billion annually.”



A R T I C L E:

SAN DIEGO, Calif., Sept. 22 (SEND2PRESS NEWSWIRE) -- Del Mar DataTrac (DMD), the leading provider of affordable loan automation solutions for mortgage lenders, banks and credit unions, has tapped mortgage lending veteran Mark Todd as a DMD Product Line Manager. Todd has more than 18 years' mortgage lending management experience, including nearly a decade at the C-level. For more than five years he was co-owner and COO of a mortgage lender producing in excess of $2 billion annually. Previously, Todd served as CIO of a mid-sized national lender and as a vice president managing production.

The DMD solutions empower mortgage lending operations to improve profitability, save time, better control their business, and enjoy peace of mind. In this role, Todd will design new products and enhancements to existing software lines based on his industry expertise and ongoing analysis of market requirements. His goal is to ensure the DMD product suite provides the most viable solution set for the needs of today's mortgage banker.

"DMD has made a commitment to creating and supporting solutions that improve all aspects of mortgage lending operations, and provides tools that empower our customers to serve their borrowers, investors, regulators and warehouse lenders," said DMD president Rob Katz. "I've known Mark for nearly 10 years and his practical experience in high volume lending environments combined with a appreciation of how automation brings out the best in a mortgage lending operation makes him ideally suited to join our team."

"The work I have enjoyed most in my career has typically involved creating strategic advantages through technology - and Del Mar DataTrac has often been part of the equation," said Mark Todd. "Being part of the DMD team provides an opportunity to do exactly what I have enjoyed most in my career, and share the benefit of that work with a much broader audience. I am both excited and humbled by this responsibility."

Noting that technology affords mortgage lenders an exceptional ability to foresee and resolve operational friction points, Todd will emphasize scalable processes that support growth and create competitive advantage.

About DMD

Founded in 1991, Del Mar DataTrac (DMD) is the leading provider of affordable loan automation solutions for mortgage lenders, banks, and credit unions, and serves 16 percent of the Top 25 U.S. mortgage lenders. DMD offers a scalable workflow platform that enables lending best practices by leveraging DataTrac as the back-office hub along with a sophisticated point-of-sale system, a Web-based originator portal and commission engine, and a management dashboard - all in a paperless environment.

The DataTrac Suite is designed by mortgage lenders for mortgage lenders who strive to deliver extraordinary customer service, increase production and profitability, reduce risk, and streamline overall efficiency. For more information, visit www.dmdinc.com.

###


Copyright © 2009 by Del Mar DataTrac and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

• Web Image (72dpi): https://www.send2press.com/mediaboom/09-0922-DMDmTodd_72dpi.jpg

Story Title: Del Mar DataTrac adds Mortgage Lending Expert Mark Todd as DMD Product Line Manager
• REFERENCE KEYWORDS/TERMS: mark todd, , , del mar datatrac, Banking and Finance, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Del Mar DataTrac); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Tue, 22 Sep 2009 08:29:04 GMT].

USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.
Banking and Finance

myEnergyLoan Sponsors mXpo.net 2009 Virtual Mortgage Tradeshow to Promote Green Residential Lending Alternatives

Author: mXpo, Inc.
Dateline: Wed, 16 Sep 2009

freeNewsArticles Story Summary: “AVENTURA, Fla. (SEND2PRESS NEWSWIRE) -- Green residential mortgage lending network myEnergyLoan founder and president Jeff Cole will present 'Green Lending - Financing the Shift' as a sponsor of mXpo.net 2009 Virtual Mortgage Tradeshow on October 8, 2009. mXpo.net is the first mortgage industry-sponsored virtual tradeshow, conference and educational content event being conducted October 7 - 8, just days before the Mortgage Bankers Association (MBA) annual conference.”



A R T I C L E:

AVENTURA, Fla., Sept. 16 (SEND2PRESS NEWSWIRE) -- Green residential mortgage lending network myEnergyLoan founder and president Jeff Cole will present "Green Lending - Financing the Shift" as a sponsor of mXpo.net 2009 Virtual Mortgage Tradeshow (mXpo.net) on October 8, 2009. mXpo.net is the first mortgage industry-sponsored virtual tradeshow, conference and educational content event being conducted October 7 - 8, just days before the Mortgage Bankers Association (MBA) annual conference.

Launched in 2005, myEnergyLoan (www.myenergyloan.com) is a network of lenders and mortgage brokers that come together as a network of fair financial service providers to get green done, today. myEnergyLoan provides green real estate buyers and investors benefits including: funds to make energy efficient upgrades; an efficiency credit to reduce closing costs; the opportunity to lower borrower's long term interest rate; reduced monthly utility bills; a myEnergyLoan Efficiency Credit certificate validation; and a trained network of lenders.

"The mXpo.net virtual tradeshow value proposition is absolutely congruent with the mission of myEnergyLoan, which is considered 'Deep Green' by its clients and investors," said myEnergyLoan president Jeff Cole. "The virtual tradeshow option is the ultimate example of location efficiency and sponsorship of this event provides us with the opportunity to practically support our core values of sustainable enterprise."

"Not only does a virtual environment save gas, expense and the excruciating hassle of travel, but its web-based platform ensures that the format and content lingers, extending the value of participation well beyond the two-day event," he added

mXpo.net offers mortgage professionals from wholesale and retail originators and loan officers, loan processors and back office personnel, executives and owners, to mortgage technology and services vendors the opportunity to congregate via an Internet portal, eliminating costly travel and lodging expenses, while ensuring a concentrated and productive educational experience.

"myEnergyLoan fits the profile of an ideal early adopter of the mXpo.net virtual tradeshow environment because of its focus on financing low-impact, energy-conscious residential development and improvement," said mXpo.net 2009 event director Camilla Dominguez. "Tomorrow's mortgage industry leaders are tuned in to new, more efficient channels for education, networking and career development, and are sensitive to 'green initiatives,' as demonstrated by myEnergyLoan."

mXpo.net 2009 is being held during the mortgage industry's busiest tradeshow season as an alternative for mortgage professionals making decisions about the best use of travel and education budgets. Through September 15, mXpo.net 2009 attendees pay only $99 for full-access to the two-day event.

About mXpo

mXpo.net is an industry-sponsored virtual tradeshow, conference and educational content platform for mortgage professionals including wholesale and retail originators and loan officers, loan processors and back office personnel, executives and owners, and mortgage technology and services vendors.

For information about attending, sponsoring, or exhibiting at mXpo.net 2009 Virtual Tradeshow, contact us at (877) 257.2301.

###


Copyright © 2009 by mXpo, Inc. and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

• Web Image (72dpi): https://www.send2press.com/mediaboom/09-0826-mXpo_72dpi.jpg

Story Title: myEnergyLoan Sponsors mXpo.net 2009 Virtual Mortgage Tradeshow to Promote Green Residential Lending Alternatives
• REFERENCE KEYWORDS/TERMS: virtual mortgage tradeshow, , , myenergyloan green lending, Banking and Finance, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (mXpo, Inc.); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Wed, 16 Sep 2009 18:45:04 GMT].

USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.
Banking and Finance

McMonigle Finance Outsources Back Office Operation with Titan Lenders Corp

Author: Titan Lenders Corp
Dateline: Thu, 10 Sep 2009

freeNewsArticles Story Summary: “DENVER, Colo. (SEND2PRESS NEWSWIRE) -- McMonigle Finance, Inc., the wholesale lending arm of McMonigle Financial Group of Newport Beach, CA, has selected Titan Lenders Corp to provide back office mortgage services for its trust deed lending model. McMonigle Finance invests in first position trust deeds through its MFG Secured Income Fund I, LLC. Traditionally a highly fractionalized and subjective type of business, individual trust deed lending typically attracts a select group of high net worth individuals difficult to ascertain by mortgage brokers.”



A R T I C L E:

Private money lender offering trust deed lending cites "dependable execution, precision automation and reliable guidance" as standards for selecting Top 50 service provider.

DENVER, Colo., Sept. 10 (SEND2PRESS NEWSWIRE) -- McMonigle Finance, Inc., the wholesale lending arm of McMonigle Financial Group of Newport Beach, CA, has selected Titan Lenders Corp to provide back office mortgage services for its trust deed lending model.

McMonigle Finance invests in first position trust deeds through its MFG Secured Income Fund I, LLC. Traditionally a highly fractionalized and subjective type of business, individual trust deed lending typically attracts a select group of high net worth individuals difficult to ascertain by mortgage brokers. Focusing solely on trust deed lending, McMonigle Finance reduces subjectivity by adhering to a strict set of common sense underwriting guidelines. McMonigle Finance holds some loans in portfolio and also sells to qualified third party investors.

Titan Lenders Corp is an outsource variable cost alternative for mortgage bankers, community institution lenders, brokers and investors seeking to reduce risk, errors and overhead in their mortgage operations, while remaining responsive to fluctuations in their loan closing pipeline. Titan's processes are built upon a proven back office service model, extensive industry experience, and customized solutions.

"High yield private money lending, also known as hard money lending, is in high demand today both due to the credit crunch and individual financial predicaments put into motion by an ailing economy," said Jeff Arnold, COO of McMonigle Finance. "McMonigle Finance serves borrowers with significant equity stakes who require immediate liquidity via a loan process employing consistent, quality-based underwriting standards. We selected Titan Lenders Corp as our back office operation because of its expertise and reputation for dependable execution, precision automation, and reliable guidance on the more arcane aspects of our transactions."

"I've worked with Titan Lenders Corp from day one," Arnold added. "When I joined McMonigle Finance, I saw immediately that its vision for trust deed lending, and its plans to create a fund for private equity residential lending, would require a high performance back office operation. By outsourcing the back office, we've been able to move quickly to take advantage of opportunities to serve a distinct borrower group and create solid investments."

"Highly specialized lenders like McMonigle Finance are a sweet spot for Titan Lenders Corp," said Mary Kladde, Titan Lenders Corp president. "Our Cerberyx platform is flexible and able to adapt to any back office requirement, our workflow is disciplined and our staff has comprehensive expertise in every conceivable aspect of executing residential lending."

Titan Lenders Corp intelligent processes are driven by its proprietary technology, Cerberyx, co-developed with eSys Technologies, Rochester, NY. Cerberyx is the evolution of a software technology application developed to replace manual processes required to manage lenders' participation in closing and post-closing functions. As a business solution, the software was developed in the practical laboratory of a closing and post-closing division servicing multiple lenders, investors, and lending business channels. It addresses the needs of all users in the transaction - accountability, visibility, efficiency and ease of use - ultimately focused on loan salability.

About Titan Lenders Corp

Titan Lenders Corp is one of a specialized few providers of mortgage back office fulfillment services, a not-well-understood facet of mortgage lending that includes closing, funding, and post closing services. Community banks, credit unions, mortgage bankers and brokers use outsource providers strategically to minimize compliance risks in a time-sensitive error-averse environment. Fluctuations in mortgage lending volume also lead some lenders outsource their entire back office operation and secure predictable "per transaction" pricing rather than maintaining an inflexible static in house staff.

Contact Mary Kladde at mary.kladde@titanlenderscorp.com.

###


Copyright © 2009 by Titan Lenders Corp and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

• Web Image (72dpi): https://www.send2press.com/mediaboom/09-0910-TitanLCorp_72dpi.jpg

Story Title: McMonigle Finance Outsources Back Office Operation with Titan Lenders Corp
• REFERENCE KEYWORDS/TERMS: titan lenders corp, , , mortgage back office fulfillment, Banking and Finance, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Titan Lenders Corp); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Thu, 10 Sep 2009 18:31:26 GMT].

USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.
Banking and Finance

1st Advantage Mortgage, DocuTech, Del Mar DataTrac Named Mortgage Technology’s Synergy Award Finalists

Author: Del Mar DataTrac
Dateline: Thu, 10 Sep 2009

freeNewsArticles Story Summary: “SAN DIEGO, Calif. (SEND2PRESS NEWSWIRE) -- 1st Advantage Mortgage, DocuTech and Del Mar DataTrac (DMD) have been named Mortgage Technology magazine's Synergy Award finalists, recognizing 'technology initiatives and alliances that show exemplary interoperability in a production setting to advance the cause of automation and e-commerce,' according to DMD.”



A R T I C L E:

SAN DIEGO, Calif., Sept. 10 (SEND2PRESS NEWSWIRE) -- 1st Advantage Mortgage, DocuTech and Del Mar DataTrac (DMD) have been named Mortgage Technology magazine's Synergy Award finalists, recognizing "technology initiatives and alliances that show exemplary interoperability in a production setting to advance the cause of automation and e-commerce," according to DMD.

The three companies were chosen as finalists because of 1st Advantage's ability to reduce its time and costs associated with processing closing documents by leveraging the integration between DataTrac®, DMD's leading back-office hub for lenders and ConformX, DocuTech's Web-based solution for creating compliant closing documents. The integration utilizes DMD's Vendor Service Platform 2.0 (VSP 2.0), a browser-based extension to DataTrac that enables seamless two-way integrations with vendor systems.

"True synergy exists when multiple software systems work so well that users cannot tell the difference between them," said Mike Grego, COO of 1st Advantage Mortgage. The integration between DataTrac and ConformX enables us to process our closing documents faster, more efficiently and more accurately than ever before."

"Our vendor service platform was created to give lenders access to the industry's best-of-breed service providers without juggling multiple software programs," said Rob Katz, president of DMD. "1st Advantage's progressive approach to technology extends this synergy further by combining its culture of efficiency with a seamless technology integration."

"All too often lenders look at documents as a commodity that can be settled by price," said Ty Jenkins, CEO and founder of DocuTech. "The integration between Del Mar DataTrac and 1st Advantage shows that having guaranteed document compliance and a seamless workflow can increase volume and margins by reducing the costs and time spent on closing docs."

About DMD

Founded in 1991, Del Mar DataTrac (DMD) is the leading provider of affordable loan automation solutions for mortgage lenders, banks, and credit unions. DMD offers a scalable workflow platform that enables lending best practices by leveraging DataTrac as the back-office hub along with a sophisticated point-of-sale system, a Web-based originator portal, and a management dashboard - all in a paperless environment.

The DataTrac Suite is designed by mortgage lenders for mortgage lenders who strive to deliver extraordinary customer service, increase production and profitability, reduce risk, and streamline overall efficiency. For more information, visit www.dmdinc.com.

About DocuTech

Since 1991, DocuTech Corp. (DocuTech) has provided outstanding compliance services and documentation technology for the mortgage industry. DocuTech's software interfaces with leading loan origination systems (LOS) and enables mortgage professionals to generate documents locally. DocuTech manages and secures all information needed for a loan, guaranteeing accuracy, security and compliance.

For more information visit the company's Web site at www.docutechcorp.com.

About 1st Advantage Mortgage

The 1st Advantage Mortgage mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Take advantage of our expertise in the residential lending industry by applying online today. You will find that the skill, professionalism, and consideration we give to each of our clients make getting your loan a successful endeavor.

###


Copyright © 2009 by Del Mar DataTrac and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

• Web Image (72dpi): https://www.send2press.com/mediaboom/09-0910-DelMarDt_72dpi.jpg

Story Title: 1st Advantage Mortgage, DocuTech, Del Mar DataTrac Named Mortgage Technology's Synergy Award Finalists
• REFERENCE KEYWORDS/TERMS: del mar datatrac, , , mortgage technology magazine, Banking and Finance, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Del Mar DataTrac); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Thu, 10 Sep 2009 14:39:11 GMT].

USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.
Banking and Finance

Mortgage Banking Systems Releases ProClose Loan Closing Documents with Dynamic Signature Lines

Author: Mortgage Banking Systems, Inc.
Dateline: Wed, 19 Aug 2009

freeNewsArticles Story Summary: “MCLEAN, Va. (SEND2PRESS NEWSWIRE) -- Mortgage Banking Systems, Inc. (MBS), a leading mortgage closing software and technology company, is solving an industry-wide problem for lenders with the release of its most recent innovation to ProClose: Dynamic Signature Technology (DST). Until now, signature lines on mortgage closing documents have been fixed or static. The limitations were painful when signature requirements exceeded the space available, as in a Trust or Power of Attorney.”



A R T I C L E:

MCLEAN, Va., Aug. 19 (SEND2PRESS NEWSWIRE) -- Mortgage Banking Systems, Inc. (MBS), a leading mortgage closing software and technology company, is solving an industry-wide problem for lenders with the release of its most recent innovation to ProClose: Dynamic Signature Technology (DST). Until now, signature lines on mortgage closing documents have been fixed or static. The limitations were painful when signature requirements exceeded the space available, as in a Trust or Power of Attorney.

With DST, MBS ProClose signature lines are now dynamic so the format expands and contracts based on the loan data. The overall appearance of the document does not change while it protects the interests of both borrower and lender. Lengthy borrower names are properly displayed, and there is no presentation of unused signature lines, creating a very clean look. The new dynamic signature lines also allow multiple non-applicants. For example, if a loan has two borrowers signing individually, one with a Power of Attorney and one with a Trust, the applicable information for each scenario prints on the closing documents. The non-applicant and trust information prints only on the industry required forms.

While DST is designed to handle signing data dynamically, the format mandates in the industry are preserved. For example, '(Seal)' still prints at the end of each signature line and '[Sign Original Only]' underneath on a Note, as set by Fannie Mae and Freddie Mac Uniform Instruments. Date lines are similarly managed to follow Investor guidelines.

"MBS is known for mortgage compliance software and our dynamic loan closing forms expand the high quality compliant documents our clients expect," said Lori Mills, SVP of Secondary Marketing and Compliance.

In March 2009, MBS released the first 3 states and the multistate versions of forms requiring non-applicant signatures (such as Security Instruments, Riders, the Truth in Lending and Right of Rescission) and others just requiring trust-specific language (Notes and Addenda). This initial release brought an immediate positive response from Maryland-based lender Mason Dixon Funding, who used the forms from day one.

"The documents work well for both trusts and non-borrowers and eliminated the time spent cutting and pasting," said Claudia Torres, Mason Dixon Funding Senior Loan Closer.

It is an easy switch for lenders. A simple check-box is completed if an applicant is non-obligated. A few fields are populated for a trust (data from the Loan Origination System). The rest is done behind the scenes.

"The new ProClose signature lines save us so much time! I like that the number of signature lines and space adjusts based on our loan input and non-applicant and trust information prints only as needed with plenty of room for the required text," responded Kandi Lenker at Graystone Mortgage, LLC in Pennsylvania.

"These days more loans have multiple non-applicants and there is an increase in borrowers electing to purchase property in the name of a Trust for estate planning purposes. Work-a-rounds and abbreviations waste time and money, and worse, create vulnerability to both the lender and the borrower. Our current climate demands clarity and precision," said Christine Kirby, CEO of MBS. "It is imperative to protect our clients and develop our product to the needs of today's marketplace. Our closing software, ProClose, makes closing a compliant loan as easy as possible, no matter what type of loan and what borrower scenario."

About Mortgage Banking Systems

Headquartered in McLean, Virginia, Mortgage Banking Systems has specialized in closing document software for mortgage companies nationwide for more than 20 years. Their staff of mortgage professionals has an average of 15 years in the industry with an active presence in Industry association memberships, technology work groups and regulatory compliance seminars.

For more information, please call 1-800-783-2283 or visit www.ProClose.com.

###


Copyright © 2009 by Mortgage Banking Systems, Inc. and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

• Web Image (72dpi): https://www.send2press.com/mediaboom/09-0819-MortBkSys_72dpi.jpg

Story Title: Mortgage Banking Systems Releases ProClose Loan Closing Documents with Dynamic Signature Lines
• REFERENCE KEYWORDS/TERMS: proclose dynamic signature, , , mortgage closing documents, Banking and Finance, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Mortgage Banking Systems, Inc.); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Wed, 19 Aug 2009 14:15:16 GMT].

USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.
Banking and Finance

BankForeclosuresSale.com Closely Analyzes Foreclosure Filings in 2009

Author: BankForeclosuresSale
Dateline: Mon, 17 Aug 2009

freeNewsArticles Story Summary: “SAN FRANCISCO, Calif. (SEND2PRESS NEWSWIRE) -- More than midway through 2009, BankForeclosuresSale reports that foreclosure filings are in the millions. When July 2008 foreclosure numbers are compared to July 2009, there is an increase of nearly 32 percent in foreclosure filings. And to date, Bank Foreclosures Sale reports that more than half of that activity has been reported in Nevada, California, Arizona and Florida.”



A R T I C L E:

SAN FRANCISCO, Calif., Aug. 17 (SEND2PRESS NEWSWIRE) -- More than midway through 2009, BankForeclosuresSale.com reports that foreclosure filings are in the millions. When July 2008 foreclosure numbers are compared to July 2009, there is an increase of nearly 32 percent in foreclosure filings. And to date, BankForeclosuresSale.com reports that more than half of that activity has been reported in Nevada, California, Arizona and Florida.

bank foreclosure sale"The increase in foreclosure filings can no longer be attributed solely to the subprime mortgage mess," Simon Campbell, business analyst for BankForeclosuresSale.com, says. "There are several contributing factors that include: declining home values, rising fuel costs, a weakening economy and sluggish home sales. With all this going on, it's not surprising that many homeowners are no longer able to afford their current mortgages."

Even mortgage investors and other lenders are suffering from the high national foreclosure rate. Prices are being forced down just so loans can be cleared from the books.

And as we continue to move through 2009, BankForeclosuresSale.com predicts that the nation can expect a total of approximately 2.8 million homes in some state of foreclosure by the end of the year.

"While Obama's housing rescue is gaining traction in changing terms of loans for struggling borrowers, it's slow going," Campbell says.

And, with the new housing rescue legislation to take effect in October, analysts and experts are saying that the next few months will be critical for the housing industry.

"Our hope is that home sales and home prices will begin to stabilize and we can begin working on the road to recovery," Campbell adds. "There are some very good bargains to be had out there right now and confidence in the market is slowly returning."

About BankForeclosuresSale

BankForeclosuresSale.com is a leading online foreclosure listings' service that provides information and advice to real estate investors who range from beginners to experienced veterans. The foreclosure listing database has more than two million listings and updates are made daily.

Its staff of trained real estate professionals is available to assist people via e-mail 24 hours a day, seven days a week. Staff will guide people on how to become successful real estate investors.

For more information, visit: www.BankForeclosuresSale.com.

###


Copyright © 2009 by BankForeclosuresSale and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: BankForeclosuresSale.com Closely Analyzes Foreclosure Filings in 2009
• REFERENCE KEYWORDS/TERMS: bank foreclosures sale, , , foreclosure filings, Banking and Finance, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (BankForeclosuresSale); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 17 Aug 2009 12:05:10 GMT].

USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.
Banking and Finance

Mortgage Technology Magazine Lists Titan Lenders Corp as Top 50 Service Provider for Mortgage Lenders

Author: Titan Lenders Corp
Dateline: Fri, 14 Aug 2009

freeNewsArticles Story Summary: “DENVER, Colo. (SEND2PRESS NEWSWIRE) -- Titan Lenders Corp, an outsource services provider for mortgage lenders and their warehouse line providers has been named a 2009 Top 50 Service Provider by Mortgage Technology magazine. Titan Lenders Corp is one of a specialized few providers of mortgage back office fulfillment services.”



A R T I C L E:

Back office outsource provider added warehouse lending platform to encourage alternative liquidity sources among community banks and private equity providers.

DENVER, Colo., Aug. 14 (SEND2PRESS NEWSWIRE) -- Titan Lenders Corp, an outsource services provider for mortgage lenders and their warehouse line providers has been named a 2009 Top 50 Service Provider by Mortgage Technology magazine.

"Titan Lenders Corp, Denver, is an outsource provider of back office fulfillment services. Titan's proprietary Cerberyx platform helps lenders achieve loan file compliance and its fulfillment protocols ensure that loans move toward their investor destination without delay or unexpected outcome," according to an article by editor Anthony Garritano in the June issue of Mortgage Technology. "The company has drawn attention to liquidity issues related to the decline in warehouse line availability and launched a platform for new entrants to operate as warehouse lenders."

Mortgage Technology selects its annual Top 50 Service Providers based on four major criteria: Customer satisfaction, functionality, market share and viable revenue model. Demonstration of functional value to lenders is the magazine's most important criterion, according to the magazine.

"Titan Lenders Corp is committed to being part of the solution that restores the mortgage industry's role and reputation as a facilitator of responsible residential real estate finance opportunities," said Titan Lenders Corp president Mary Kladde. "We are proud to receive this coveted recognition for the second consecutive year and focus daily on earning our position among the industry's leaders for years to come."

About Titan Lenders Corp

Titan Lenders Corp is one of a specialized few providers of mortgage back office fulfillment services, a not-well-understood facet of mortgage lending that includes closing, funding, and post closing services. Community banks, credit unions, mortgage bankers and brokers use outsource providers strategically to minimize compliance risks in a time-sensitive error-averse environment. Fluctuations in mortgage lending volume also lead some lenders outsource their entire back office operation and secure predictable "per transaction" pricing rather than maintaining an inflexible static in house staff.

Contact Mary Kladde at mary.kladde@titanlenderscorp.com.

###


Copyright © 2009 by Titan Lenders Corp and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

• Web Image (72dpi): https://www.send2press.com/mediaboom/09-0720-TitanLenders_72dpi.jpg

Story Title: Mortgage Technology Magazine Lists Titan Lenders Corp as Top 50 Service Provider for Mortgage Lenders
• REFERENCE KEYWORDS/TERMS: mortgage technology top 50, , , titan lenders corp, Banking and Finance, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Titan Lenders Corp); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Fri, 14 Aug 2009 19:13:46 GMT].

USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.
Banking and Finance

Financial Foundation Group – Picking Up the Pieces Financially and Environmentally

Author: Financial Foundation Group
Dateline: Fri, 24 Jul 2009

freeNewsArticles Story Summary: “DENVER, Colo. (SEND2PRESS NEWSWIRE) -- The first half of 2009 has been an exciting and rewarding year for the representatives of the Financial Foundation Group, also known as FFG. The Financial Foundation Group continues to grow at a very fast pace. As a company, FFG is committed to their employees and the community which helps bring them success. Giving back and creating a team environment outside the office is something that they pride themselves upon.”



A R T I C L E:

DENVER, Colo., July 24 (SEND2PRESS NEWSWIRE) -- The first half of 2009 has been an exciting and rewarding year for the representatives of the Financial Foundation Group, also known as FFG. The Financial Foundation Group continues to grow at a very fast pace. As a company, FFG is committed to their employees and the community which helps bring them success. Giving back and creating a team environment outside the office is something that they pride themselves upon.

Adopt a HighwayOn June 19 representatives of Denver's FFG did not work in the office or with clients, instead they picked up litter along a 2.5 mile stretch of highway 85, or Parker Road, in Parker, Colorado, to help a corporate sponsored program called Adopt a Highway. The budget for cleaning our highways has become limited or nonexistent and Adopt a Highway provides the department of transportation with a resource for getting them clean. Thanks to the corporate sponsors like the Financial Foundation Group, who are willing to support this effort, metropolitan highways in the nation's largest cities are cleaned frequently and have become a source of pride.

"I could not believe how much trash was on the side of the road; and how little attention it was given. It was disappointing to realize that people just do not take care of the areas that we live in," Melissa Bowman, Executive Director of FFG, says. "This was a great team building experience, we worked hard, had fun and did something that benefits the environment."

In 2002, the Financial Foundation Group through an affiliated company opened its doors with just three people. FFG has experienced a phenomenal growth rate over the past few years and today they have grown to have offices in numerous states, and approximately 75 people affiliated with the organization.

"We believe our company has experienced such growth because of our dedication to helping our clients achieve their goals even in these troubling economic times," Ken Perrin, Senior Partner and Founder of FFG, explains. "We have been helping both clients and communities get better regardless of what their current situation is. Helping others is one of the company's core values."

The management of the Financial Foundation Group is also registered representatives with, and offers securities through, NEXT Financial Group, Inc., member FINRA, SIPC. Financial Foundation Group is not an affiliate of NEXT Financial Group, Inc. NEXT is a national full service Broker/Dealer offering investment, retirement and insurance products and services which allows their representatives to offer financial products to suit each individual client's needs.

The knowledgeable staff at FFG has access to a wide array of investment products and can provide assistance with life insurance choices and providing wealth building strategies.

The company's Web site, FinancialFoundationGroup.com, has current market information and summaries for clients to review. It also provides breaking financial news and the top Associated Press headlines and stories.

For more company information, visit: www.FinancialFoundationGroup.com.

View online pressroom for FFG:
profiles.send2press.com/Financial_Foundation_Group.shtml.

###


Copyright © 2009 by Financial Foundation Group and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Financial Foundation Group - Picking Up the Pieces Financially and Environmentally
• REFERENCE KEYWORDS/TERMS: adopt a highway, , , financial foundation group, Banking and Finance, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Financial Foundation Group); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Fri, 24 Jul 2009 17:10:42 GMT].

USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.
Banking and Finance

Community Banks Accelerate Residential Real Estate Recovery by Offering Mortgage Warehouse Lending to Local Mortgage Bankers

Author: Titan Lenders Corp
Dateline: , ()

freeNewsArticles Story Summary: “”



A R T I C L E:

Low risk lending to mortgage businesses adds fee income and boosts local economy.

DENVER, Colo., July 20 (SEND2PRESS NEWSWIRE) -- Community banks that add mortgage warehouse lending to their commercial lending services not only make it possible for local mortgage businesses to operate, but they also play a role in stimulating local economies by energizing real estate markets, according to Titan Lenders Corp, an outsource services provider for mortgage lenders and their warehouse line providers.

As of Q2 2009, less than $25 billion in warehouse line capacity was available to independent mortgage bankers-versus MBA estimates for anticipated demand of $2.78 trillion in originations for 2009, up from $1.6 trillion in 2008. For lack of warehouse lending capacity, a $32 billion shortfall in home mortgage financing availability is conceivable.

"The disparity between supply and demand for warehouse line capacity for independent mortgage bankers is constricting the recovery of entire communities," said Titan Lenders Corp founder Mary Kladde. "We know this because of the increasing number of calls we receive from mortgage bankers that are desperate for warehouse capacity, ironically on the lowest risk product our industry has produced in more than a decade."

Currently, warehouse lending by depository institutions is subject to a commercial lending risk assessment rather than the lesser risk-based capital requirements associated with direct mortgage lending. In the current lending environment, almost every loan being originated is either agency- or government-backed implying relatively minimal risk for these loans.

"Clearly, lowering the risk-based capital requirements for warehouse lenders will encourage greater warehouse line lending participation by community banks," said Kladde. "In the meantime, institutions that take a leadership role in their communities by partnering with independent mortgage bankers will help ensure the liquidity required for a healthy residential real estate recovery, and add normal fees associated with warehouse line lending to their income."

Community depositories that extend their role in warehouse lending - both as a strategy for offering comprehensive business banking and lending services to local independent mortgage bankers, and as a commitment to the vitality and stability of their local economy, will also ensure that "big banks" are not the only ones to profit from warehouse lending to community-based mortgage lenders.

"Independent mortgage bankers and their advocates are making it a priority to build the case for a deeper understanding of community-based warehouse lending's role in the long-term sustainability of the local mortgage economy," said Titan sales VP Ruth Lee. "If they are successful, it may be possible to avoid and correct systemic errors that resulted from too great a disconnect between short-term source of mortgage funds and the localized loan collateral."

Titan's warehouse lending service platform for community institutions includes collateral management, line reconciliation, and technology infrastructure, providing local institutions the same operational support as any warehouse line lender. Titan's service platform provides a variable cost solution to micro warehouse lending with specific focus on the needs of community depository institutions.

About Titan Lenders Corp

Titan Lenders Corp is one of a specialized few providers of mortgage back office fulfillment services, a not well understood facet of mortgage lending that includes closing, funding, and post closing services. Community banks, credit unions, mortgage bankers and brokers use outsource providers strategically to minimize compliance risks in a time-sensitive error-averse environment. Fluctuations in mortgage lending volume also lead some lenders outsource their entire back office operation and secure predictable "per transaction" pricing rather than maintaining an inflexible static in house staff.

Contact Mary Kladde at mary.kladde@titanlenderscorp.com.

###


Copyright © 2009 by Titan Lenders Corp and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

• Web Image (72dpi): https://www.send2press.com/mediaboom/09-0720-TitanLenders_72dpi.jpg
• Media Contact Information: https://www.send2press.com/mediadrome/.txt

Story Title: Community Banks Accelerate Residential Real Estate Recovery by Offering Mortgage Warehouse Lending to Local Mortgage Bankers
• REFERENCE KEYWORDS/TERMS: mortgage warehouse lending, , , Titan Lenders Corp, Banking and Finance, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly content the company/person mentioned in the text (Titan Lenders Corp); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 20 Jul 2009 17:45:43 GMT].

USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.