Free News Articles Category: Business Industry News Articles
ADDISON, Texas — Mid America Mortgage, Inc. (Mid America) announced today it has acquired the mortgage servicing rights (MSRs) for $2.7 billion in government loans. The portfolio includes a number of delinquent VA- and FHA-insured loans. The sale was completed at the end of March, and LoanCare, Mid America’s sub-servicer, will take possession of the purchased MSRs on May 2.
SAN DIEGO, Calif. — 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.
WEST PALM BEACH, Fla. — OpenClose, an enterprise-class, multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that Ventana Home Mortgage, LLC a residential mortgage conduit aggregator with a focus on the non-QM market, has signed with the company to utilize its OC Correspondent(TM) module. The web-based, turnkey solution will fully automate Ventana’s new conduit business, and is expected to do so in less than 45 days.
POMPANO BEACH, Fla. — Current Builders will celebrate their 45th anniversary in June 2017. Formed in 1972, the company has evolved into an award-winning general contracting firm. Throughout the years, Current Builders has worked with the area’s leading developers to shape South Florida’s landscape with construction volumes of approximately $150 million annually.
PROVO, Utah — Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced it has hired title and settlement industry veteran Toni Carroll as national settlement account manager. In this position, Carroll will maintain and improve Simplifile’s settlement software vendor relationships while supporting the sales effort to deliver Settlement Collaboration to the real estate industry.
SAN FRANCISCO, Calif. — Today at IoT DevCon, RoweBots, an embedded signal processing systems company, announces Unison v5.3 for STM32F7 System Workbench IDE. This software compatibility is aimed at supporting and streamlining the work of programmers or developers working within Unison v5.3 to support Machine to Machine Communications (M2M) or IoT-enabled devices. Comprised of a series of high performance MCUs with ARM Cortex-M7 core, Unison v5.3 for STM32F7 System Workbench IDE includes libraries, precompiled programs and demonstrations for each component.
SAN DIEGO, Calif. — 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.
POMPANO BEACH, Fla. — ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that its ACES (Automated Compliance and Evaluation System) Audit Technology has streamlined quality control (QC) loan reviews for The Barrent Group, a rapidly growing provider of outsourced loan quality assurance reviews and services. ARMCO’s solution significantly reduces The Barrent Group’s auditing times, reduces risk, ensures compliance and streamlines its mortgage quality control process for clients.
SAN DIEGO, Calif., — 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.
MONTVILLE, N.J. — DJ Splash, a premier entertainment service for weddings, corporate events and private parties across the New Jersey/New York Metro area, is now offering one stop shopping for wedding and special events with new expanded services including: a full photo and video production department, event lighting crew and photo booths.
