Business, Free News Articles

Flanagan State Bank selects Dovenmuehle for its mortgage subservicing needs

LAKE ZURICH, Ill. -- Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced today that Flanagan State Bank, a community bank headquartered in central Illinois, has selected Dovenmuehle to subservice its mortgage loan portfolio and deliver enhanced service to the bank's mortgage customers.

Flanagan State Bank specializes in residential mortgages and agricultural lending. As the bank and its home lending programs have expanded, it needed a subservicer that could handle multiple loan types, including USDA, FHA, VA and conventional, while simultaneously providing the high level of personal customer service to which Flanagan State Bank customers are accustomed.

"We wanted to provide a better user experience for our borrowers, and with Dovenmuehle's self-service technology, our borrowers have a lot more insight into their mortgage loans at their fingertips," said Audrey Harlan, President of Flanagan State Bank. "Not to mention, onboarding was an extremely smooth process. As a family-owned bank, we were apprehensive about working with such a large company, but Dovenmuehle has repeatedly proven to be an excellent resource."

Dovenmuehle has extensive experience in working with community banks of all sizes nationwide. As local lending institutions, these banks place a high priority on personal service while wanting to deliver modern digital banking solutions for their borrowers as well. For example, Dovenmuehle provides its lender clients with a white-labeled platform that enables lenders' customers to access key information regarding their mortgage loans and, in many cases, self-serve. In addition to providing access via web browser, the platform also includes a native mobile application, which has consistently earned a 4.9-out-of-5 star rating on the Apple App Store.

"It can be difficult for lenders to decide when, how and who should manage their servicing needs. At Dovenmuehle, we understand the gravity of this decision and strive not only to provide solutions for lenders of all sizes but also to assure our clients that their borrowers are in the best hands," said Dovenmuehle Vice President of Business Development Anna Krogh. "It's an honor to hold such a responsibility, and we are delighted that Flanagan State Bank has entrusted us with managing its servicing assets and treasured clients."

About Dovenmuehle

Founded in 1844, Dovenmuehle (Lake Zurich, Ill.) is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. The company subservices portfolio loans, as well as loans sold to Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Bank with servicing retained. Using a combination of best-in-class and proprietary technology, Dovenmuehle helps lenders reduce servicing costs and deliver consistently high levels of service to homeowners while maintaining compliance with investor and regulatory requirements. Learn more at https://dovenmuehle.com.

Related link: https://dovenmuehle.com/

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Alliances and Partnerships, Business, Free News Articles, Software

Northwest Bank Collects Fees within Minutes with LenderLogix FeeChaser

BUFFALO, N.Y. -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced Northwest Bank has selected its payment processing platform Fee Chaser to ensure compliant collection of upfront fees and deliver borrowers a five-star digital experience.

Fee Chaser integrates with Northwest Bank's loan origination system (LOS) to send a unique link to the borrower within one click. On average, borrowers make a payment within five minutes of receiving the link. Once paid, all parties receive a receipt, and the LOS is automatically updated.

"As a service-oriented bank, we're constantly seeking ways to enhance the value we provide to our customers. Fee Chaser has taken our borrower experience to the next level by helping us extend the five-star service we deliver to our mortgage customers beyond the initial point of contact," said Rocco Diina, Northwest Bank Senior VP and Head of Mortgage Sales. "Thanks to the support from the LenderLogix team, we were able to go live within a matter of weeks."

"Our partnership with Northwest Bank is an example of our commitment to empowering lenders with cutting-edge technology to enhance their operations," said Patrick O'Brien, Co-Founder and CEO of LenderLogix. "It's our firm belief that borrower experience is the key differentiator for lenders. The lenders investing in their tech now in a down market will be the same lenders at the top when the market reverses course."

About LenderLogix
LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software and APIs to meet the needs of today's mortgage lenders. The company's suite of products addresses the speed at which today's real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

RELATED LINKS:
https://www.lenderlogix.com/fee-chaser

Related link: https://www.lenderlogix.com/

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Business, Free News Articles, Manufacturing

Matrix Announces the Successful Sale of Vital Plastics, Inc.

BALTIMORE, Md. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of Vital Plastics, Inc. ("Vital Plastics" or the "Company"), a high-volume manufacturer and assembler of injection molded plastic products, to Wolverine Capital Partners ("Wolverine Capital").

Headquartered in Baldwin, WI, Vital Plastics provides injection molding, assembly operations, and tooling solutions to the transportation, industrial, consumer durable, and building product sectors. Operating out of two facilities, totaling over 65,000 combined square feet, the Company manufactures products such as automotive and window clips, industrial components and medical parts, among others, for a blue chip customer base of numerous Fortune 500 entities located throughout the United States. Value-added capabilities, including advanced engineering and design consulting, coupled with unrivaled responsiveness and customer service, has earned Vital Plastics its reputation as a preeminent manufacturer of injection molded products.

Over the past decade, leadership of the organization has transitioned from majority owner Terry Townsend to CEO George Hauser and President & CFO Matthew Fish. Mr. Hauser and Mr. Fish have been instrumental in helping grow and modernize the Company during that period, including driving the implementation of industry-leading automation and reporting systems. Mr. Fish will continue as the lead of day-to-day operations moving forward.

Regarding the transaction, Mr. Fish commented, "We are pleased to partner with the Wolverine Capital team. Of all the groups we interacted with, their team resonated most deeply with us given their straightforward approach and passion for building businesses. We are uniquely aligned in recognizing the attributes that have driven the Company's success: its loyal employee base and longstanding customer relationships, most of which date back multiple decades. We look forward to our next chapter of growth with Wolverine Capital."

Matrix provided merger and acquisition advisory services to Vital Plastics, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by William O'Flaherty, Managing Director; David Shoulders, Managing Director and Head of Matrix's Consumer & Industrial Investment Banking Group; Matt Oldhouser, CPA, Senior Associate; Sahan Pandey, Senior Analyst; and Hampton Massie, Analyst.

Regarding Matrix's services, Mr. Hauser noted, "My partners and I were impressed by the level of commitment and sophistication that Matrix brought to the transaction. Their detailed knowledge of our specific industry, paired with their experience in transaction advisory, created tremendous value for us. We are extremely grateful for their efforts."

Mr. O'Flaherty added, "We are thrilled to have found such an excellent partner for Vital Plastics. We congratulate Terry on building such an impressive business and commend George for the tremendous work he's done as CEO to position the organization for the next phase of growth. We have no doubt that Matt will continue to find success as part of this new partnership given his commitment to providing world-class services to his customers."

Brian Pitney and David Carroll of Sands Anderson PC served as legal counsel for Vital Plastics. Dykema Gossett PLLC served as legal counsel for Wolverine Capital.

About Matrix Capital Markets Group, Inc.

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions.

Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Related link: https://www.matrixcmg.com/

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Business, Free News Articles

Matrix Announces the Successful Sale of BeWell Network, LLC

RICHMOND, Va. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised BeWell Network, LLC ("BeWell" or the "Company") on its successful sale to H.E.R. Management, LLC.

BeWell is a residential and outpatient behavioral health provider focused on the treatment of substance use disorder. The Company operates in two markets, San Juan Capistrano and Dana Point in Orange County, California and Santa Barbara, California.

BeWell's service offerings include detoxification, residential care, a partial hospitalization program (PHP), and an intensive outpatient program (IOP) for substance use disorder treatment in both Orange County and Santa Barbara, as well as PHP and IOP for primary mental health care treatment in Santa Barbara. To support patients enrolled in BeWell's outpatient programs, the Company also operates sober living homes in each of its two markets. The Company is contracted with many of the payors that have a significant presence in Southern California.

BeWell prides itself on the quality of its substance use disorder recovery programs and has a highly trained staff dedicated to patient recovery. The Company is also focused on developing active alumni programs to support patients once they are out of recovery.

BeWell is Joint Commission accredited and LegitScript certified.

Matrix provided M&A advisory services to BeWell, including marketing the transaction, advising on valuation, deal structure, and other transaction terms, and ultimately achieving a successful execution. The transaction was managed by Vasanta Pundarika, Head of Matrix's Healthcare Investment Banking Group, Casey Van de Walle, Director, and Barrett Smith, Analyst.

Ms. Pundarika said, "We are happy to have worked with the owners of BeWell Network as their financial advisors on this transaction. Under new ownership, we look forward to seeing BeWell implement an enhanced growth strategy, while continuing to provide high quality care to its patients."

About Matrix Capital Markets Group, Inc.

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies.

Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

MATRIX CAPITAL MARKETS GROUP, INC.

800 East Canal Street, Suite 850 | Richmond, VA 23219

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC.

Related link: https://www.matrixcmg.com/

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Awards and Honors, Business, Free News Articles

Teresa Bryce Bazemore, Inspiring Leader of FHLBank San Francisco, Named FWSF Financial Woman of the Year 2023

SAN FRANCISCO, Calif. -- Financial Women of San Francisco (FWSF) today named Teresa Bryce Bazemore as the FWSF 2023 Financial Woman of the Year. Ms. Bazemore is the President and CEO of the Federal Home Loan Bank of San Francisco, whose mission is to provide its members with reliable access to low-cost liquidity, essential financial services and expertise, and resources for affordable housing and economic development. Teresa leads the cooperative FHLBank San Francisco in working with its member financial institutions to make the communities served more vibrant, equitable, and resilient.

Throughout her career, Teresa has been dedicated to strengthening communities and making a difference in people's lives. Early in her career, she served on a task force focused on increasing lending to low-to-moderate income people and people of color, an experience that sharpened her focus on expanding access to affordable housing and equitable homeownership opportunity. Teresa also encourages the next generation of leaders to explore career opportunities in the mortgage finance and affordable housing industries, because of how this work directly touches the lives of individuals, families, and communities.

Teresa also recognizes that her growth and career trajectory as a nationally recognized leader was influenced by many mentors and strong female role models. Teresa believes strongly in paying it forward and the FWSF shares Teresa's commitment to making an impact, to mentoring the next generation of leaders, and to advancing women. These are among the many reasons FWSF has named Teresa Bryce Bazemore its 2023 Financial Woman of the Year.

"I deeply appreciate being recognized by Financial Women of San Francisco, an organization that plays an important role in supporting women in my own organization as well as in the wider Bay Area financial services community," said Teresa Bryce Bazemore, president and CEO of FHLBank San Francisco. "It is an honor to be in the company of all the exceptional women leaders who have received this award in years past."

In addition to leading FHLBank San Francisco, Teresa serves on the Board of Directors of T. Rowe Price Funds and First Industrial Realty Trust. She has received many prestigious honors throughout her career. Most recently, during Women's History Month in March 2023 Teresa was highlighted as a "Woman Making History" for her work transcending barriers in the housing finance industry and creating a legacy for future generations. Teresa was named to Savoy magazine's 2022 list of Most Influential Black Executives in Corporate America, which showcases executives, influencers, and achievers who demonstrate an exemplary record of accomplishments and influence while working to better their community and inspire others.

Denise Rigli, FWSF's 2023 President and a Partner at Armanino LLP, shared her excitement regarding this year's honoree, "As economic conditions continue to change and global events shape our financial environment, the world of lending can be a challenging one to navigate, especially for the low-to-moderate income community. It takes an outstanding leader to rise to these challenges and, through an unwavering commitment, make a positive impact on both people today and for generations to come. Teresa has focused her career on ensuring individuals and families have a place to call home and the opportunity to build wealth through homeownership. It is with great respect and admiration that we celebrate Teresa's outstanding accomplishments and honor her as this year's Financial Woman of the Year."

"At FHLBank San Francisco, we benefit as a business from building, nurturing, and leveraging a workforce that represents and reflects the wonderful diversity of the customers and communities we and our member financial institutions serve. The more diverse we are, the better we will be in the future," Bazemore says. "Women bring valuable perspectives to the table and while there has been progress in diversifying the financial sector, there is much work still to be done to achieve equitable representation at the C-level. I believe we have to be intentional about bringing more women into the industry and positioning them for success, which is why strong female role models, mentoring, educational and networking opportunities, and the scholarships that Financial Women of San Francisco provides are so important."

The Financial Woman of the Year award was established in 1996 to celebrate the organization's 40th anniversary. Past FWSF Presidents Leslie Miller and Shelly Porges created the Financial Woman of the Year event with the triple purpose of raising funds for FWSF's scholarship program, increasing awareness of FWSF, and honoring the careers of senior leaders in finance. Since then, it has provided a platform for high-achieving honorees to share their professional experience with others and to inspire other women in their own careers and ambitions. Teresa joins a distinguished list of former honorees including Nancy Pfund, Founder and Managing Partner of DBL Partners; Jenny Johnson, CEO of Franklin Templeton; Terri Kallsen, Chief Operating Officer at Wealth Enhancement Group; Heidi Roizen, Partner at Threshold Ventures; Robin Washington, former chief financial officer (CFO) of Gilead; Debbie Messemer, former managing partner of KPMG's Bay Area Market; Carrie Dolan, CFO of Kraken Digital Asset Exchange; Sarah Friar, CEO of Next Door and former CFO of Square; and Pat Yarrington, former CFO of Chevron.

About Teresa Bryce Bazemore:

Teresa Bryce Bazemore joined FHLBank San Francisco as president and chief executive officer in March 2021. She is a seasoned leader with more than 30 years of executive experience building and leading both mortgage insurance and services businesses. As president of Radian Guaranty from 2008 until 2017, she oversaw strategic planning, business development, and operations for the mortgage insurance business line. Prior to becoming president, she served as Radian's executive vice president, general counsel, corporate secretary, and chief risk officer. Prior to Radian, Ms. Bazemore was senior vice president, general counsel, and corporate secretary for Nexstar Financial Corporation and general counsel for the mortgage banking line of business at Bank of America. Ms. Bazemore served on FHLBank Pittsburgh's board of directors from 2017 to 2019. Professional appointments she has held include Federal Reserve Bank of Philadelphia Economic Advisory Council, Fannie Mae National Advisory Council, and Consumer Advisory Council of the Federal Reserve. Bazemore received her B.A. from the University of Virginia and J.D. from Columbia University.

To learn more about Teresa Bryce Bazemore's incredible leadership and career, please visit: https://www.fhlbsf.com/about/leadership/leadership-team

About the Federal Home Loan Bank San Francisco:

The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions-commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions-propel homeownership, expand access to quality housing, seed or sustain small businesses, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant, equitable, and resilient. For more information about FHLBank San Francisco, please visit: https://www.fhlbsf.com/about.

About Financial Women of San Francisco:

The Financial Women of San Francisco seeks to advance the success of women in finance and financial services and to be a source of insight and inspiration to financial women executives and managers throughout the Bay Area. In addition to the FWSF's professional organization focused on advancing women, since 1985, the FWSF Scholarship Fund (a 501(c)3 organization) has awarded more than $2.7 million in scholarship grants to more than 325 Bay Area women. Beyond financial support, FWSF scholarship recipients are mentored by FWSF members, become members of the organization, and attend career development and networking events.

For more information, please visit https://financialwomensf.org/ or follow Financial Women of San Francisco on LinkedIn, Facebook and Twitter.

Related link: https://financialwomensf.org/

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Business, Free News Articles

Leonard Jones Joins Blaylock Van, Wall Street’s Oldest Continually Operating Black-Owned Firm, as Executive Director of Municipal Banking, Public Finance

NEW YORK CITY, N.Y. -- Industry veteran Leonard Jones has been named Executive Director of Municipal Banking and Head of Public Finance for Blaylock Van, LLC, the nation's longest-continuously operating Black-owned investment firm. In this role, he will lead the firm's banking team and solutions for local and municipal government organizations with a focus on financial and risk management.

Most recently, Jones was Managing Director of Moody's Investors Service, where he managed the company's public finance local government ratings group. Prior to that, he served as Partner and Head of Investment Banking for Rice Financial Products and Vice President of Morgan Stanley and Company in New York as well as Chief Consultant for the Zambia Privatization Agency in Zambia, among other notable industry leadership positions.

"Lenny's extensive leadership and strategic expertise will be a tremendous benefit to our clients and our team, and we are thrilled to welcome him to Blaylock Van," said Blaylock Van CEO and President Eric Standifer. "He is a visionary across municipal finance and investment banking as well as marketing and talent development, which will support the continued growth and innovation of our municipal banking and public finance enterprise."

Jones received his MBA from Stanford University's Graduate School of Business and his bachelor's degree in economics from Dartmouth College. He also serves as Board Treasurer for the New York Urban League.

Certified as a Minority Business Enterprise by the State of New York, the State of Wisconsin, the City of New York, and the National Minority Supplier Development Council, Blaylock Van is 81 percent Black-owned. Blaylock Van serves corporations, municipalities, investment managers, and pension funds with a diverse employee base committed to work beyond financial services.

About Blaylock Van, LLC:

Blaylock Van, LLC (BV) is the oldest and continuously operating Black-owned banking firm in the United States, providing personalized services for clients across the country. Clients include corporations, municipalities, investment managers, pension funds, and family offices. The firm's headquarters are in New York City, with offices in Atlanta, Chicago, Dallas, Miami, and Oakland, Calif.

For more information, please visit https://brv-llc.com/

Related link: https://brv-llc.com/

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Business, Free News Articles

Nomis Solutions Featured in Tech Demo Super Session at Consumer Bankers Association Live Conference in Las Vegas March 27-29

SAN FRANCISCO, Calif. -- Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announces its sponsorship of the Consumer Bankers Association (CBA) annual conference, 'LIVE.' In addition to the sponsorship, Nomis will be one of 10 companies featured in CBA Live's Tech Demo Super Session. The session explores innovations from top financial service providers including Salesforce, Blend and Glia.

"The consumer banking industry is at a point where in-branch and digital channel experiences are no longer the best opportunity for differentiation," said Greg Demas, president of Nomis Solutions. "It's our belief that customer-centric pricing is the most important aspect of banking, and the optimal way for Financial Institutions to deliver a differentiated value proposition to their customers. Nomis has been the consumer banking industry's leader in this space for over twenty years, and we continue to be at the front of the innovation curve."

Marking its 14th year in 2023, CBA LIVE is a widely attended annual event for the retail banking industry. Over 1300 senior bankers and industry leaders from across the country will be in attendance this year. CBA LIVE offers quality programming tailored toward professionals motivated to learn new trends and share ideas with the most influential decision-makers in the business. This year's theme is "NEXT," focusing on how bankers can find a clear path for growth and know what's coming down the road.

"In tandem with CBA Live's theme this year, Nomis has long been urging banks to invest in empowering their front-line staff to deliver relevant, thoughtful financial solutions to their retail customers. In a world where consumers expect brands to know them and cater to their individual needs, we look forward to demonstrating the ways our product suite can change the game for bankers worldwide," continued Demas.

To learn more about CBA Live, visit https://www.consumerbankers.com/cba-live

About Nomis Solutions:

Nomis Solutions delivers the most comprehensive and integrated solution for setting, managing and executing price in an iterative and customer-centric system. Nomis is the consumer banking industry's leading software platform capable of standing up to complex bank analytical objectives while also delivering intelligent, data-driven, omnichannel customer experiences. While the company offers an integrated suite of solutions, its powerful collection of APIs allows individual modules to meet each financial institution where they are in their pricing journey to help differentiate and grow their brands by developing relationships with customers that are both individualized and profitable. To learn more, visit https://nomissolutions.com/.

Related link: https://www.nomissolutions.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Software

Barr Group Mortgage Closes First eNote Transaction through Click n’ Close’s non-delegated correspondent eNote program

ADDISON, Texas -- Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced that Alabama-based mortgage banker Barr Group Mortgage has completed the first eNote transaction through Click n' Close's non-delegated correspondent eNote program. Entities participating in the transaction include the registration of the eNote on the MERS® eRegistry (the mortgage industry's approved eNote system of record), Ameris Bank as Barr Group Mortgage's warehouse lender and DocMagic as the eClosing and eVault tech provider.

"We have been blown away by the non-delegated correspondent eNote process offered by Click n' Close," said Elizabeth Moore, Chief Operations Officer at Barr Group Mortgage. "Working with Ameris Bank's warehouse division SVP Jill Gainer helped ensure the set-up process was straightforward, and our first two loans were purchased the day after closing. Using eNotes has eliminated the need for allonges, overnight shipping costs, note corrections and chasing down lost notes."

Through the eNote program, non-delegated correspondents can decrease turn times on their warehouse line to 48 hours or less, ultimately saving them money in the form of reduced interest charges and enabling them to turn over their warehouse lines far more frequently. Click n' Close has established partnerships with multiple warehouse lenders, such as Ameris Bank, to expand warehouse line access to qualified program participants previously financially ineligible for these lines of credit. The approval process for program participants captures most of the relevant financial statements and insurance exhibits requisite to the warehouse approval process, thus materially accelerating the warehouse approval timeline.

"We are thrilled to have our first eNote executed in such efficient timing - less than three weeks from application to closing - and with such renowned partners," said Click n' Close Owner and CEO Jeff Bode. "Our non-delegated correspondent eNote program provides emerging mortgage bankers with a tremendous opportunity to incorporate incredible agility and operational efficiencies into their business from the get-go and enables them to differentiate themselves with their customers, as well as their title and real estate partners, through a convenient digital closing experience."

As Click n' Close's primary technology partner, DocMagic played an integral role in the success of this first transaction. Total eClose is DocMagic's comprehensive eClosing system that provides everything necessary for a paperless eClosing. DocMagic's powerful end-to-end technology provides an intuitive interface that all participants - lenders, settlement service providers, notaries and borrowers - can use immediately, without a steep learning curve.

"Every lender is on the path to digital with the goal of closing electronically and delivering eNotes into the secondary market, but there are many challenges facing smaller lenders," said Brian D. Pannell, Chief eServicing Executive at DocMagic. "Click n' Close, a long-time client, had been seeking a way to support their correspondent lenders who don't have the resources nor the relationships to support conducting transactions with eNotes. We're proud to have been part of their solution."

To learn more about Click n' Close's non-delegated correspondent eNote program, contact Kerry Webb at kerry.webb@clicknclose.com. For existing clients, contact your Click n' Close account executive to find out how your warehouse lender can participate.

About DocMagic:

DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and ensure data integrity to execute precision-based digital lending transactions. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

About Click n' Close, Inc.:

Click n' Close, Inc., formerly known as Mid America Mortgage, is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation's leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n' Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.

Combining this culture of innovation with a risk management mindset enables Click n' Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click n' Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click' n' Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan.

Learn more at https://www.clicknclose.com/.

Related link: https://www.clicknclose.com/

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Business, Free News Articles, Software

Nomis Solutions Elevates Johnathan Bant to Head of Client Relations for Financial Services Market in Canada

TORONTO, Ontario -- Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announced industry veteran Johnathan Bant will serve as Head of Client Relations for Canada. In this role, Bant is responsible for leading Canadian engagements across Nomis' client portfolio as well as non-customer financial institutions (FIs) across the country.

Over the last 10 years, Bant has held several leadership positions within Nomis. Most recently, Bant was the vice president of consulting for the Canada region. In this role, he oversaw Nomis' Canadian client senior relationships and solution engagements to ensure Nomis' clients' continued success. After six years of success in this role, Bant has transitioned to Head of Client Relations for Canada.

"John is extremely respected amongst Canadian financial services firms for his market knowledge and his knack for listening and helping customers achieve their objectives," said Greg Demas, president of Nomis Solutions. "He is deeply rooted in Nomis' history and serves as a model for what a customer-first mentality looks like. We are thrilled to have him lead client relations across the Canadian financial services market and look forward to what he can achieve in this elevated role."

Bant possesses more than 25 years of banking experience in Canada, covering retail, insurance and wealth management at companies such as FICO, JPMorgan Chase, Experian Canada and Equifax Canada. He graduated from Ryerson University with a Bachelor of Business Administration and earned his Master of Business Administration from McMaster University.

About Nomis Solutions:

Nomis Solutions delivers the most comprehensive and integrated solution for setting, managing and executing price in an iterative and customer-centric system. Nomis is the consumer banking industry's leading software platform capable of standing up to complex bank analytical objectives while also delivering intelligent, data-driven, omnichannel customer experiences.

While the company offers an integrated suite of solutions, its powerful collection of APIs allows individual modules to meet each financial institution where they are in their pricing journey to help differentiate and grow their brands by developing relationships with customers that are both individualized and profitable.

To learn more, visit https://nomissolutions.com/.

Related link: https://www.nomissolutions.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles

Blaylock Van, LLC Shares its 2022 Year-End Report

NEW YORK CITY, N.Y. -- In its year-end report spanning financials, deals, and community investment, Blaylock Van, LLC, the nation's longest continuously operating Black-owned investment banking firm, reported 23 percent growth in notional deal volume year-over-year, with 67 debt capital markets new issues representing nearly $186 billion notional. From 2018 to 2022, Blaylock Van's closed transactions increased by a CAGR of 23 percent and dealt notional value by 50%.

In addition, the firm's municipal team participated in 69 new issue municipal deals approaching $34 billion in debt as of Dec. 1. The team was selected to serve as co-manager on a $3.2 billion Texas Public Finance Authority issuance-the largest the agency has ever issued- and served as co-senior on the $409.7 million City of Atlanta General Obligation Public Improvement Bonds, of which one tranche was classified as Social Bonds.

"Our global team continues to capture new business, report remarkable growth, and showcase the strength of diversity from year to year," said Blaylock Van CEO and President Eric Standifer. "Our 2022 results speak for themselves, and we know we have powerful positive momentum to build on in 2023 and beyond."

Notable debt capital market deals included serving as co-manager on Magallanes' $30 billion transaction, a mega-transaction that opened the new issuance market to issuance in Q1 2022. This was the fifth-largest corporate bond in industry history and the largest deal in 2022. Blaylock Van also served as co-manager on PG&E Wildlife Recovery Funding LLE Series 2022-B $3.9 billion Rate Reduction Bond Securitization.

Furthermore, Blaylock Van served as co-manager for the two largest IPOs in 2022, including TPG's offering, which raised $1.1 billion across 37.2 million shares and was the largest IPO of the year, and Mobileye's IPO, which raised $820 million across 47.15 million shares.

Other key 2022 highlights for Blaylock Van include:

* The firm partnered with Cowen, Inc. to conduct a webinar on Navigating the ESG Path, which centered on bridging the gap between sustainable strategies and financial performance and the intersection of ESG strategy and financial performance.

* Blaylock Van participated in several notable sustainable bond transactions, including a $2 billion Bank of America Sustainability Bond, serving as joint lead; Bank of America used six minority- and women-owned broker dealers as joint lead managers with proceeds to advance racial gender equity, economic opportunity and environmental sustainability. Additionally, the firm participated in the $2.5 billion Citi Inaugural Social Bond for Housing, serving as senior co-manager on the social bond. This was the largest social bond issued by the private sector in 2022 and it won Social Bond of the Year at the Environmental Finance Bond Awards. Bond proceeds will finance construction, rehabilitation and preservation of quality affordable housing for low- and moderate-income populations.

* In February, the company launched an African team based in Nairobi to support U.S. clients in their financial activities throughout the continent. The team, which boasts broad experience across banking, corporate finance, and treasury, leads on a general assessment of and market intelligence on key economics in Africa, focusing on foreign exchange and working capital.

* Blaylock Van expanded its sales and investment banking teams by hiring senior talent across credit sales, syndicate, and capital markets, adding significant experience and expertise in these sectors.

* The global BV team supports nonprofits such as buildOn, which delivers service-learning programs in underserved U.S. high schools and builds schools in some of the world's poorest countries to break the cycle of poverty; CEO Standifer also joined the organization's California Board of Directors. The team also gives time, support, and donations to nonprofits, including the Millionaire Mastermind Academy, which helps create entrepreneurship opportunities for diverse women across the United States, as well as Cancer Care, the leading national organization dedicated to providing free professional supports services to anyone affected by cancer, and San Francisco Achievers, which supports African-American young men in the San Francisco Unified School District to lead and thrive in higher education, among others.

* Blaylock Van was a partner for the 2nd annual United Diversity Business Summit, with Standifer serving as a keynote speaker, where he shared "The Importance of Diverse and Inclusive Decision-Making."

Certified as a Minority Business Enterprise by the State of New York, Wisconsin, the City of New York, and the National Minority Supplier Development Council, Blaylock Van is 89 percent Black-owned. Blaylock Van serves corporations, municipalities, investment managers and pension funds with a diverse employee base committed to work beyond financial services.

About Blaylock Van, LLC:

Blaylock Van, LLC (BV) is the oldest and continuously operating Black-owned banking firm in the United States, providing personalized services for clients across the country. Clients include corporations, municipalities, investment managers, pension funds, and family offices. The firm's headquarters are in New York City, with offices in Atlanta, Chicago, Columbus, Ohio, Dallas, Miami, and Oakland, Calif.

For more information, please visit https://brv-llc.com/

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