Finance
ARMCO Empowers Smaller Mortgage Lenders to Automate their QC through ACESXPRESS
POMPANO BEACH, Fla. — Leading web-based financial services quality control (QC) software provider ACES Risk Management (ARMCO) announced the release of ACESXPRESS(TM), an implementation and service package for the ACES Audit Technology platform designed specifically for small to mid-sized lenders….
Massey Consulting Part of Expert Panel to Review Revenue Recognition ASC 606 and IFRS 15 Changes
RALEIGH, N.C. — Massey Consulting will be co-hosting an event, “ASC 606 – Ensure Your Growth By Being Compliant” in Research Triangle Park on Oct. 19, 2016. The morning event will focus on the upcoming accounting changes ASC 606 and IFRS 15 and will feature speakers from Hughes Pittman & Gupton LLP, Massey Consulting and River Cities Capital Funds….
Bank of Southern California N.A. Announces $7 Million Capital Offering
SAN DIEGO, Calif. — Bank of Southern California N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today that it has signed a stock purchase agreement for a private placement of $7 million of the Bank’s common stock with Castle Creek Capital, based in Rancho Santa Fe, California. The transaction is anticipated to close in the fourth quarter, subject to regulatory approvals and other standard closing conditions….
EPIC’s Wilson Long Selected for Elite Lloyd’s Broker Academy in London
LONDON, U.K. — EPIC Insurance Brokers and Consultants (EPIC), a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Wilson Long of the firm’s Birmingham-based National Energy Construction Practice is one of only 35 young insurance and risk management professionals from the U.S. and Canada selected to participate in the 2016 Andrew Beazley Broker Academy in London….
EPIC’s Thompson Mackey Selected for Elite Lloyd’s Broker Academy in London
ATLANTA, Ga. — EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Risk Management Consultant Thompson (Tom) Mackey is one of 35 young insurance and risk management professionals from the U.S. and Canada selected to participate in the 2016 Andrew Beazley Broker Academy in London, England….
MCT Lands on Inc. 5000 List of America’s Fastest-Growing Private Companies for the Sixth Year in a Row
SAN DIEGO, Calif. — Mortgage Capital Trading, Inc. (MCT), a leader in mortgage risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, announced that is has earned a spot on the Inc. 5000 list for the sixth straight year. MCT had a three-year growth rate of 62 percent and annual revenue of $11.4 million for 2015….
Altavera Mortgage Services Selected as Capital Markets Cooperative Preferred Provider
DENVER, Colo., — Altavera Mortgage Services (Altavera), the premier provider of third-party residential mortgage origination and closed loan review services, announced today that it has been named a preferred provider for Capital Markets Cooperative, LLC (CMC), a nationwide alliance of mortgage bankers….
To Protect More of Us, ACSIA Partners Adds Tools from OneAmerica® to Its Long-Term Care Solutions Arsenal
KIRKLAND, Wash. — As the cost of long-term care (LTC) continues to rise, the ability to pay for it becomes more critical. But LTC protection is carried by only about 10 percent of those who could benefit from it, according to industry estimates. To serve a larger percentage, ACSIA Partners is expanding its asset-based LTC offerings by representing an A+ rated insurance and financial service organization, OneAmerica(R)….
Mid America Mortgage Adds Delinquent FHA-Insured Loans to Whole Loan Purchase Program
ADDISON, Texas — Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode today announced the firm will begin purchasing delinquent FHA loans as part of its whole loan purchase program. To be eligible for purchase, loans must have an active mortgage insurance certificate, and the original terms of the note must remain unmodified….
Mortgage Capital Trading and Fannie Mae Form Strategic Collaboration for the Benefit of Mutual Clients
SAN DIEGO, Calif. — Mortgage Capital Trading, Inc. (MCT), an industry leading hedge advisor and developer of MCTlive!(TM), the award-winning secondary marketing software suite, has entered into a strategic collaboration with Fannie Mae(R) to facilitate new technology deployment, collaborative planning, and better service to mutual clients….