Banking
Community State Bank Implements Fully Paperless eClosing Process with DocMagic’s Total eClose™ Platform
TORRANCE, Calif. — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Southeast Wisconsin-based Community State Bank has implemented its full suite of eClosing solutions to transform the bank’s mortgage closing process, making it 100 percent digital….
Velocity Credit Union Provides Employees Paid Time Off to Vote Early
AUSTIN, Texas — Velocity Credit Union understands the importance of voting. To remind its employees that their vote is their voice and to encourage them to use it, the financial institution has announced a company-wide perk: paid time off to vote….
Velocity Credit Union gives members free access to their FICO® Scores
AUSTIN, Texas — Velocity Credit Union credit card holders can now access their FICO Scores at no charge through monthly statements and online banking. FICO Scores will be refreshed on a quarterly basis and checking them will not affect credit ratings….
Arvest Bank to roll out SimpleNexus mobile-first mortgage platform
LEHI, Utah — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced that more than 200 retail loan officers at Arvest Bank (Arvest) will soon begin offering borrowers and referral partners a more streamlined mortgage experience powered by SimpleNexus….
Independent Bankers Association of Texas Announces Promontory MortgagePath as Its Newest Endorsed Service Provider
AUSTIN, Texas — The Independent Bankers Association of Texas (IBAT) is pleased to announce that Promontory MortgagePath, LLC (PMP) has been selected as the newest IBAT Endorsed Service Provider for its ability to deliver a tailored, modern and cost-effective set of mortgage solutions….
Centier Bank Slashes Man-Hours Spent Calculating Incentive Compensation by 99% with LBA Ware’s CompenSafe
MACON, Ga. — LBA Ware, a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, today announced that Centier Bank (Centier), Indiana’s largest private, family-owned bank, has implemented CompenSafe to automate incentive compensation for its residential lending department….
Bank of Southern California NA Funds More Than $487.8 Million in PPP Loans
SAN DIEGO, Calif. — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, announced today that it has funded more than $487.8 million in Paycheck Protection Program (PPP) loans. These results, as of 9:30 p.m. PDT on May 7, 2020, provided 1,940 local businesses affected by the Coronavirus (COVID-19) with critical financing to retain or restore jobs for 51,523 individuals….
Bank of Southern California, N.A. Announces Q1 2020 Results and Response to Pandemic
SAN DIEGO, Calif. — Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the first quarter ended March 31, 2020. Total assets increased to $852 million at March 31, 2020, up from $830 million in the prior quarter and an increase of 10.8% compared to March 31, 2019….
Bank of Southern California, NA and CalWest Bancorp, the Holding Company for CalWest Bank, Announce Changes to Merger Agreement
SAN DIEGO, Calif. — Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW), today announced that they have renegotiated the terms of their merger and have agreed to amend the initial Definitive Agreement announced on October 21, 2019 following shareholder meetings held on April 22, 2020….
Alpine Bank Selects CompenSafe by LBA Ware for Efficient, Accurate and Scalable Compensation Plan Management
MACON, Ga. — LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, announced that full-service community bank Alpine Bank has implemented CompenSafe™ to automate incentive compensation for its mortgage loan originators and fulfillment staff….