Finance
FormFree to Host Heroes Golf Classic on Oct. 30 in Support of the American Red Cross
ATHENS, Ga. — FormFree® today announced it will host the 2020 Heroes Golf Classic on October 30, 2020, at Château Élan in Braselton, Georgia. All proceeds from the charity golf tournament will be donated to the American Red Cross of Northeast Georgia, a 501(c)(3) nonprofit that helps feed, shelter and provide support for people affected by fires and other disasters….
Uncertainty Due to Short-Notice FHFA Directive Amplifies Harm to Borrowers
SAN DIEGO, Calif. — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory firm, analyzed the potential effect of Wednesday’s fifty basis points worsening in prices paid by Fannie Mae and Freddie Mac for most mortgage refinances….
SimpleNexus Makes the Inc. 5000 List of America’s Fastest-Growing Companies for 3rd Year Running
LEHI, Utah — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, announced it has clinched a spot on the 2020 Inc. 5000. This marks the third consecutive year SimpleNexus has appeared on the Inc. 5000 list….
LBA Ware Climbs Over 1,000 Spots to Clinch Inc. 5000 for Second Consecutive Year
MACON, Ga. — LBA Ware, a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, announced it has ranked number 2,173 on Inc. magazine’s annual Inc. 5000 list, a ranking of the nation’s fastest growing companies….
7 Mortgage Implements OpenClose’s LOS & POS to Support Its Network of Credit Union Members
KNOXVILLE, Tenn. — 7 Mortgage, a credit union service organization (CUSO), announced that it went live with OpenClose’s end-to-end loan origination system (LOS) allowing its partner credit unions to leverage the mortgage industry’s leading technology. The OpenClose solution allows 7’s CUSO members to efficiently and effectively complete mortgage loans – from start to finish – via a centralized platform rated #1 by multiple independent studies….
KROST Launches PPP Loan Forgiveness Review Services for Borrowers and Lenders
PASADENA, Calif. — Award-winning tax, accounting, and consulting firm, KROST, announced the launch of their PPP Loan Forgiveness Application Review Service for both Borrowers and Lenders. The services are intended to aid both borrowers and lenders by taking on the burden of calculating forgiveness values….
ARMCO Executive Joins QC-Focused Panel for Mortgage Bankers Association’s Virtual Risk Management Conference
DENVER, Colo. — ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced that Executive Vice President of Operations, Sharon Reichhardt has been selected to speak on the topic of quality control during the MBA Live – Risk Management, QA and Fraud Prevention Forum 2020, hosted virtually September 15 – 16, 2020 by the Mortgage Bankers Association (MBA)….
New SimpleNexus eClosing feature enables mortgage lenders to conduct speedy and convenient hybrid closings of purchase and refinance loans
LEHI, Utah — SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced the release of SimpleNexus eClosing, a new feature that enables lenders to conduct hybrid closings for purchase and refinance loans….
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….
MCT Fortifies Its Team of Mortgage Industry Leaders Before 2020 Market Volatility
SAN DIEGO, Calif. — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it appointed two mortgage industry veterans in early 2020 which strengthen its support to the capital markets community during the worldwide pandemic and associated financial turbulence….