Business, Free News Articles

Chris Lorino Returns to Strategic Benefits Advisors as Defined Benefit Administration Team Leader

ATLANTA, Ga. -- Independent, full-service employee benefits consulting firm Strategic Benefits Advisors, Inc. (SBA) today welcomed retirement plan consultant Chris Lorino as leader of the firm's defined benefit (DB) administration team. Lorino possesses 30 years' experience providing benefits consulting, trust administration and relationship management services to DB and defined contribution (DC) plan providers.

Lorino served as a benefits consultant within SBA's DC practice ten years ago. Most recently, he was a senior client relationship executive at TriNet (NYSE: TNET), where he managed some of the organization's largest and most complex client relationships. Previously, he served as senior client relationship manager at Newport Group, where he assisted plan sponsors in the management of fiduciary responsibilities, developing and managing business plans tailored to each client's specific business objectives. Lorino has also held senior management positions at Aon Hewitt (NYSE: AON) predecessor Hewitt Associates.

"I am pleased to welcome Chris back to the SBA team, where he will assume leadership of our DB administration group," said SBA Co-Founder and Principal Mindy Zatto. "His well-honed client servicing skills and expansive plan administration expertise will figure prominently in guiding our clients' success."

Lorino holds a bachelor's degree in corporate finance and investment banking from the University of Alabama.

About Strategic Benefits Advisors

Strategic Benefits Advisors, Inc. (SBA) is an independent, full-service employee benefits consulting firm focused on creatively and effectively solving complex benefits challenges for clients ranging from 1,000 to over 300,000 employees. Founded in 2002 by veteran consultants Mindy Zatto and Andy Adams, SBA provides practical consulting recommendations and expert implementation of solutions for all types of employee benefits programs, including retirement, health and welfare, financial wellness and employee recognition. With an average of over 20 years in the field, SBA's team of actuaries, consultants and systems specialists is among the most experienced in the industry. For more information, visit https://www.sba-inc.com/.

Tags: @StrategicBenefitsAdvisors #EmployeeBenefits #peoplemovers #benefitsconsulting #definedbenefits

Related link: http://www.sba-inc.com/

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Business, Free News Articles, Legal and Law, Software

NotaryCam Marks Significant Spike in Use of Remote Online Notarization for eWills in Second Half of 2020

NEW SMYRNA BEACH, Fla. -- NotaryCam®, the pioneering leader in online notarization and original provider of mortgage eClosing solutions, today announced that it has seen a 10X-increase in the number of remote online notarization (RON) transactions the company has performed for electronic wills (eWills) thus far in 2020. The company attributes a significant portion of this increase to the passage of Florida's eWill legislation, which went into effect on July 1, 2020.

Since launching its eWill product in 2019, NotaryCam has enabled testators to create and notarize video eWills, advanced health directives, trusts, etc. without having to appear physically in person before a notary. NotaryCam engages two forms of identification and allows witnesses and/or attorneys to join the ceremony from anywhere. To ensure the wishes laid out in the eWill survive probate, NotaryCam added security measures including securely storing video recording the signing ceremony for a minimum of 10 years and tamper-sealing on the notarized document. Witnesses and/or attorneys can also join the ceremony from anywhere in the world.

"In today's world, eWills not only provide individuals a convenient and secure platform through which to create a will, but also the peace of mind knowing it can be easily accessed at any time from anywhere," said NotaryCam Founder and CEO Rick Triola. "For example, in a situation in which a living will or advanced care directive needs to be accessed, it provides comfort to the family to not only know their loved one's wishes, but to see them on video as those wishes were expressed."

Since the onset of the COVID-19 pandemic, the ability to create and notarize eWills has become more significant as well as more convenient as states issued emergency orders authorizing RON transactions. Although many states have recognized the legality of eWills for years, RON now allows individuals/testators to remotely execute these documents with or without their attorneys having to appear physically in the same room. Thus, allowing eWills or any estate planning documents to be remotely notarized, eliminates several barriers that might otherwise prevent individuals from engaging in advanced care/estate planning. Additionally, the emergency legislation surrounding RON allows NotaryCam to add security and identity proofing, adding both long-term defensible evidence and peace of mind to eWill transactions.

For Florida-based estate planning firm and NotaryCam client de Jesus Law Group, LLC, the ability to electronically execute wills and other estate planning documents was key to maintaining its operations during the COVID-19 pandemic.

"Our previous process involved a lot of manual work with paper and physically mailing documents. Because of COVID, our firm went completely virtual, and we had to find a new way to get our signings done. When we looked into eWills, NotaryCam immediately stood out as the only electronic notary platform that could perform eWill transactions in Florida currently," said the firm's co-founder Irene de Jesus. "After our first eWill transaction with NotaryCam, I was already comfortable with the process and immediately saw how this process will save us a lot of time and resources."

According to de Jesus, one of the added benefits is that NotaryCam also provides witnesses to the transaction, thus eliminating the need for her clients to do so This not only streamlines the transaction by reducing the number of parties involved in scheduling, but it also reduces the overall cost to the testator. For de Jesus, NotaryCam's streamlined, cost-conscious approach to RON for estate planning made the difference in putting eWills within her firm's financial reach and has fundamentally changed how her firm plans to handled signings beyond the pandemic.

"We've just started to realize the cost savings over our previous process, but I can tell you that based on what we've seen so far, I'm not changing how we're doing this once COVID is done," she added."

About NotaryCam

After pioneering the world's first multi-party/multi-state remote online notarization (RON) in 2012, visionary entrepreneur Rick Triola founded NotaryCam and completed the first mortgage remote online closing (ROC(tm)) in 2014. Today, NotaryCam is the leader in remote online notarization across all Industries and real estate/mortgage eClosing solutions, having notarized documents worldwide for hundreds of thousands of customers in all 50 states and more than 150 countries. The company's patented eClose360® platform delivers the "perfect" online mortgage closing in every jurisdiction and supports all eClosing scenarios - RON, IPEN or Hybrids - with a flexible workflow for document recording and unparalleled identity verification, security and customer convenience. NotaryCam also proudly maintains an industry-leading 99.8 percent customer satisfaction rating.

Visit https://www.notarycam.com for additional information or to get a document notarized today.

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Business, Free News Articles, Software

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. All seven locations of Community State Bank have now implemented DocMagic's Total eClose™ platform and are closing and funding residential home loans electronically.

Community State Bank selected DocMagic's eClose platform to completely digitize its mortgage closing process --- including remote online notarizations (RON), eNote generation and secure eVault storage capabilities. The bank partnered with DocMagic primarily to implement technology that would help ensure the highest levels of customer safety during the pandemic. Secondarily, Community State Bank sought to improve the borrower experience with an easier, quicker and more efficient lending process.

"During these times of uncertainty, it is extremely important that our team be able to adjust quickly in order to continue serving our customers safely," said Community State Bank President and CEO, Scott Huedepohl. "We're very honored to be able to provide both a high-tech experience, while still offering personalized service to guide our customers along the way."

Community State Bank is leveraging DocMagic's dynamic document generation capability to ensure the consistency and compliance of Loan Estimates (LE) and Closing Disclosures (CD), eSignatures, eNotarizations in all 50 states, and eDelivery to investors/GSEs. Total eClose also generates a MISMO Category 1 SMARTDoc(r) eNote and has direct connectivity with the MERS(r) eRegistry. The entire process includes a detailed audit trail, with secure storage in DocMagic's certified eVault. Collectively, DocMagic's Total eClose platform creates a fully paperless workflow that seamlessly integrates every component of the closing process.

"We're happy to have partnered with DocMagic to provide our mortgage customers with a completely paperless and virtual experience from start to finish," said Community State Bank Vice President of Mortgage Operations, Shakil Haider. "By utilizing DocMagic, our mortgage team can now offer customers the option of signing mortgage documents electronically, from the moment they apply through closing."

"We're excited that Community State Bank elected to implement a fully digital mortgage closing process with DocMagic as its single-source provider," said Dominic Iannitti, President and CEO at DocMagic. "Community State Bank has put their customers' needs at the forefront by implementing our automated, end-to-end lending platform. We provide our clients with an agile and technology-forward mortgage process that ensures they can sustain and scale critical business processes."

After using the new platform, Community State Bank mortgage customer Gary Strand, remarked: "This was our first time closing a mortgage with Community State Bank. Our experience was very simple from start to finish. Having the option to close our loan online shows they are willing to accommodate their customers' needs and busy schedules while also keeping safety in mind during the pandemic."

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, processes, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and 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 Community State Bank:

Community State Bank, a $500 million locally owned and operated community bank, is headquartered in Union Grove, WI and has proudly served the communities of Southeastern Wisconsin since 1898. For more information please visit CSB online at https://csb.bank/.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Social Media:
DocMagic Twitter: @DocMagic
CSB Twitter: @CSBTweets
Hashtags: #TotalClose #PaperlessMortgageClosing #LeadingeCloseSolution #DigitalLending #TechSavvyBank

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

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Awards and Honors, Business, Free News Articles

SimpleNexus Makes Deloitte Technology Fast 500 List for Cutting-Edge Mortgage Technology, Triple-Digit Revenue Growth

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers, real estate agents and settlement agents, has earned a spot on the Deloitte Technology Fast 500(TM) list for a second time. For 26 years, Deloitte has recognized the fastest-growing technology companies in North America, honoring firms that define the cutting edge by combining technology and entrepreneurship to transform the way business is done.

This year's Fast 500 rankings are based on percentage revenue growth from 2016 to 2019. SimpleNexus ranked #143 on the list with revenue growth of 834%. Overall, 2020 Technology Fast 500(TM) companies achieved revenue growth ranging from 175% to 106,508%, with median growth of 450%. SimpleNexus previously ranked #102 as a Technology Fast 500(TM) award winner for 2019.

SimpleNexus has rapidly grown to serve over 300 mortgage companies and more than 27,000 loan originators across the nation since its inception. The firm's native mobile app and best-in-class mortgage point-of-sale (POS) technology supports the homeownership journey from engagement to eClosing and brings together borrowers, loan originators and partners in a single platform.

SimpleNexus has already earned several accolades for its revenue growth in 2020, landing a spot on the Inc. 5000 list of America's fastest-growing companies for a third consecutive year and ranking in the top 10 of Utah Valley Business Q magazine's UV50 and MountainWest Capital's Utah 100 lists of the fastest-growing companies in the state.

"Since the very beginning, SimpleNexus has put the needs of customers at the center of everything we do - a business model that has allowed us to drive revenue in tandem with user satisfaction," said SimpleNexus CEO Matt Hansen. "This year has posed new challenges for borrowers and lenders alike, and we see our continued growth as a clear indicator that our solutions are contributing to the resilience of one of our economy's most vital sectors."

The complete list of Deloitte Tech Fast 500 winners can be found at https://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/articles/fast500-winners.html.

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers, real estate agents and settlement service providers to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go.

About Deloitte:

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

Twitter: @SimpleNexus @Deloitte @DeloitteOnTech #Fast500

Related link: https://simplenexus.com/

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Business, Free News Articles, Insurance, Product Launches

OutcomeRx, a unit of CareMetx, announces First Independent Reinsurance Product for Rare Disease Specialty, Cell and Gene Therapies

BETHESDA, Md. -- OutcomeRx (ORx), a division of CareMetx, LLC, announced today a new reinsurance product to provide coverage access to high-cost specialty drugs including therapies in the emerging cell and gene therapy market(1)(2).

The Patient Access to Costly and Curative Therapies (PACCT)(3) carve-out reinsurance product initially provides first-dollar coverage for payers including PBMs, health plans and employers related to three costly therapies: Spinraza®(4) and Zolgensma®(5) for Spinal Muscular Atrophy (SMA) and Luxturna®(6) for Leber Congenital Amaurosis (LCA)-an inherited retinal disorder.

By offering a first-dollar coverage reinsurance product, PACCT provides payers coverage (without deductibles) for these therapies with the goal that payers will in turn lower the cost burden on patients with SMA and LCA. The new reinsurance product will be available with a coverage effective date of January 1, 2021.

OutcomeRx has partnered with Crum & Forster Accident and Health and IronHealth, a division of Ironshore to bring the reinsurance carve-out to leading PBMs, health plans, employer groups and benefit administrators to help change how high-cost therapies, including emerging cell and gene therapies are covered and reimbursed.

"We are excited to create this innovative reinsurance product in partnership with Crum & Forster to help ensure that families and patients needing these life-changing therapies are not hindered by the cost and coverage of treatment," said Mark Hansan, President and CEO of CareMetx, LLC. "We are confident PACCT is the most comprehensive and cost-effective reinsurance product to help protect payers from the sudden financial impact of the high-cost therapies needed to treat these rare genetic conditions."

Gene therapies are among the newest pharmaceutical innovations to treat and potentially cure disease. It is estimated that by 2025, 10 to 20 new gene therapies will be approved each year(7)(8). Today, the drug cost to treat a patient with these gene therapies ranges from $850,000(9) to ~$2.1 million(10), and future cell and gene therapies are estimated to cost $2-3 million(11).

Gary Nidds, Senior Vice President and head of Crum & Forster's Medical Business Unit, said "Our support for this program continues our tradition as an innovator in the accident and health insurance space. We are excited to sit at the cutting edge of coverage solutions for therapies that could, and likely would, otherwise be unattainable for those most in need."

Added Lainie Dorneker, President of IronHealth, a division of Ironshore, "We are excited about this opportunity to provide a much-needed solution to employers and patients and to partner with OutcomeRx and Crum & Forster in the pursuit of achieving positive outcomes and driving patient access."

"We invite all payers to sign up for PACCT as we have developed it as a carve out product available to all payers that purchase reinsurance, regardless of insurer affiliation, to help patients and their families have streamlined access to innovative SMA therapies," said Brooks Wildasin, Associate Vice President of Strategy for OutcomeRx. "The PACCT solution covers multiple therapies in the SMA disease state to ensure that most treatment journey scenarios are addressed, such as a need for both Spinraza and Zolgensma. Coverage will include a per patient per therapy cost limit for the two SMA therapies as well as for Luxturna and be available on a Per Member Per Month (PMPM) basis. We believe all types of payers can benefit from PACCT including health plans of all sizes, reinsurers, commercial group plans, and even state Medicaid plans that require financial risk containment."

Hansan added "Our team at CareMetx has been working for ten years with pharmaceutical and biotechnology manufacturers to help patients access and afford specialty therapies. Our division, OutcomeRx is creating the next generation of affordability solutions including insurance and financial products that are supported by both payers and manufacturers. We are really proud to launch PACCT and we look forward to expanding to other rare diseases that have high cost therapies, such as CAR-Ts and traditional specialty drugs."

For more information on the PACCT reinsurance product please contact Brooks Wildasin at admin@outcomerx.com.

About OutcomeRx

OutcomeRx (ORx) is a division of CareMetx, LLC formed in 2019 to address the patient, manufacturer, and payer challenges in the evolving Cell and Gene Therapy (CGT) market. CareMetx's founding team members have a 35-year commitment to helping patients through advocacy, services and technology. OutcomeRx represents the culmination of these efforts by creating next generation reinsurance and financial products that bridge the divide between drug manufacturers and payers. OutcomeRx, in conjunction with its partners, develops and markets financial, reinsurance, and warranty products that address the efficacy and actuarial risk associated with specialty therapies including Cell and Gene Therapies, while lowering the access and affordability burden on patients and their families.

Learn more at: https://caremetx.com/outcomerx/

About Crum & Forster

Crum & Forster,* rated A (Excellent) by A.M. Best (2019), is a national property and casualty insurance company wholly owned by Fairfax Financial Holdings Limited. Since 2000, Crum & Forster's Accident & Health Division has offered a robust portfolio of specialty insurance and reinsurance products nationwide, including medical stop loss, pet, travel and other voluntary and affinity benefits.

In 2019, following seven years of writing product in the captive insurance space, the division scaled to include international product capabilities through its wholly owned offshore captive facility, Crum & Forster Segregated Portfolio Company (SPC). Situated in the Cayman Islands and registered with the Cayman Islands Monetary Authority, Crum & Forster SPC is a Cayman Islands company that reports through United States Fire Insurance Company. Additional global relationships with other Fairfax entities provide our partners with even broader flexibility in underwriting solutions.

We place a strong focus on product development and creative distribution methods, along with excellent client service and support. The qualities and capabilities of Crum & Forster Accident & Health demonstrate our philosophy of building meaningful, long-term partnerships and our dedication to providing alternative strategies in an ever-changing insurance market.

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

*Crum & Forster is a registered trademark of United States Fire Insurance Company.

About Ironshore Specialty Insurance Company

Ironshore, a Liberty Mutual Company, provides broker-sourced specialty property and casualty insurance coverages for varying risks. Ironshore is prepared to meet clients' complex needs promptly, with a local service and in-depth underwriting experience across a broad spectrum of industries.

Following Ironshore's acquisition by Liberty Mutual in 2017 and integration as a key part of the newly formed Global Risk Solutions, Liberty Mutual enables us to bring even greater scale, expertise, innovation and product offerings to market. As a combined operation with approximately $17.5 billion in gross written premium, brokers have access to a top-tier insurer with greater capacity and product lines for a wide range of risks.

Within the Stop Loss space, our mission is to be a leader through outstanding services, relationship building and innovative products. We understand that relationships are one of the driving forces in our industry today. We are committed to meeting the special needs of our broker partners and, most importantly, our self-funded employers. Through every step of the way, we pay great attention to details and respond promptly to all different aspects of the industry. When you partner with Liberty Mutual, you benefit from the financial strength, security, and capacity of a Fortune 100 carrier.

The information contained herein is for general informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any product or service. Any description set forth herein does not include all policy terms, conditions and exclusions. Bound insurance policies, rather than summaries thereof, govern. Not all insurance coverages or products are available in all states and policy terms may vary based on individual state requirements. Some policies may be placed with a surplus lines insurer. Surplus lines insurers generally do not participate in state guaranty funds and coverage may only be obtained through duly licensed surplus lines brokers

*Notes

(1) Not affiliated with any specific health plan or PBM and available to all financial risk takers.

(2) Availability subject to applicable state insurance department approval

(3) PACCT offered through OutcomeRx Insurance Management Services LLC

(4) Registered Trademark of Biogen MA Inc.

(5) Registered Trademark of Novartis AG

(6) Registered Trademark of Spark Therapeutics, Inc.

(7) Quinn, Casey, et al. "Estimating the clinical pipeline of cell and gene therapies and their potential economic impact on the US healthcare system." Value in Health 22.6 (2019): 621-626. Available at https://www.valueinhealthjournal.com/article/S1098-3015(19)30188-3/fulltext

(8) FoCUS Paying for Cures Toolkit. Expected availability to 2031. https://www.payingforcures.org/toolkit-overview/pipeline/ Accessed April 2020.

(9) Luxturna: FDA documents reveal the value of costly gene therapy. https://www.sciencedirect.com/science/article/abs/pii/S1359644618305282. Accessed August 2020.

(10) Sinal Muscular Atrophy Therapies: ICER Grounds the Prcie to Value Conversation in Facts. https://www.jmcp.org/doi/pdf/10.18553/jmcp.2019.25.issue-12#page=12. Accessed August 2020.

(11) Hopkins, Jared. https://www.wsj.com/articles/biomarin-explores-pricing-experimental-gene-therapy-at-2-million-to-3-million-11579190318. Accessed August 2020

MULTIMEDIA:

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Business, Free News Articles, Real Estate, Software

NotaryCam Certifies Compliance with MISMO RON Standards for Real Estate Transactions

NEWPORT BEACH, Calif. -- NotaryCam(R), the pioneering leader in online notarization and original provider of mortgage eClosing solutions, today announced that it has completed the Mortgage Industry Standard Maintenance Organization (MISMO) Remote Online Notarization (RON) Software Compliance Certification Program. The program was designed to increase adoption of RON-enabled digital mortgage closings and support the integrity and scalability of eMortgages. In addition, the certification provides clarity to mortgage industry participants regarding which providers comply with MISMO's RON standards and reduces the resource burden of executing duplicative assessment, certification and approval processes of RON providers.

"Recognizing the need for industry-wide RON standards, NotaryCam has been a long-time MISMO supporter and collaborator in the development of the RON standards to promote consistency across mortgage industry practices and state regulations," said NotaryCam founder Rick Triola. "As RON transactions become more commonplace in the mortgage industry, NotaryCam is proud to have earned its MISMO RON Software Compliance Certification, which serves as a signal to all industry participants that they can confidently rely on the NotaryCam platform to securely and compliantly execute mortgage closings remotely."

Within its eClose 360 platform and in accordance with MISMO standards, NotaryCam provides continuous, synchronous audio and video feeds that contribute not only to a smooth closing process, but also to the required credential analysis and authentication procedures. eClose 360 automatically securely records significant actions taken as part of the RON transaction as part of the Audit Trail. NotaryCam's security measures employ data protection safeguards as well as provide a tamper-evident method by which a notary can export the Notarial Records for functions such as county recording. Additionally, documents notarized by NotaryCam include a statement meeting the needs of both federal and state regulations affirming the use of RON technology.

For more information on MISMO's RON Standards and the Certification Program, visit the MISMO Digital Mortgage Resource Center.

About NotaryCam

After pioneering the world's first multi-party/multi-state remote online notarization (RON), career real estate executive Rick Triola founded NotaryCam and completed the first mortgage remote online closing (ROC) in 2014. Today, NotaryCam is the leader in online notarization and mortgage eClosing solutions, having notarized documents worldwide for hundreds of thousands of customers in all 50 states and more than 146 countries. The company's patented eClose360(R) platform delivers the "perfect" online mortgage closing in every jurisdiction and supports all eClosing scenarios - RON, IPEN or Hybrids - with a flexible workflow for document recording and unparalleled identity verification, security and customer convenience. NotaryCam also proudly maintains an industry-leading 99.8 percent customer satisfaction rating.

Visit https://www.notarycam.com for additional information or to get a document notarized today.

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

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Business, Free News Articles, Software

ReverseVision Supports HECM Lenders’ Transition from LIBOR to CMT Index, Updates Documents to Facilitate Index Migration

SAN DIEGO, Calif. -- ReverseVision, the leading provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, today announced it has updated all documents that reference an index to support both the Constant Maturity Treasury (CMT) and London Interbank Offer Rate (LIBOR) indexes.

The update was made in response to Ginnie Mae's All Participant Memorandum (APM) 20-12, which deems LIBOR-based adjustable rate HECM loans not securitized on or after January 1, 2021, as ineligible for pooling regardless of their origination or FHA case number assignment date. Adjustable rate HECMs that rely on the CMT index will be eligible for pooling without restriction. The LIBOR index is expected to sunset at the end of 2021.

ReverseVision has conducted an extensive quality assurance inspection of all standard documents affected by an index change to ensure lenders' seamless transition from LIBOR to CMT. ReverseVision will update custom documents and private reverse mortgage program documents upon request free of charge. Additionally, ReverseVision has enhanced document language and reference points in anticipation of a future migration to the Secure Overnight Financing Rate (SOFR) index.

"ReverseVision had existing legacy support for CMT-based rate calculations built into the platform because it was the benchmark before LIBOR," said ReverseVision President Joe Langner. "Due to the renewed relevance of the CMT index, we have taken additional steps to ensure that lenders can seamlessly switch between it and LIBOR. Additionally, ReverseVision has already enhanced our products in anticipation of a future migration to SOFR."

About ReverseVision

ReverseVision, Inc. is the leading Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology platform, supporting more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite flexes to lenders' unique business and operational models, connecting all lending participants across the entire reverse mortgage lifecycle to meet borrowers where they are in life. A five-time HousingWire TECH100(tm) company, ReverseVision continues to build on its technology's pioneering capabilities with frequent enhancements.

For more information, visit https://www.reversevision.com/.

Twitter: @reversevision #digitalmortgage #HECM

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Business, Free News Articles

Promontory MortgagePath Expands Team, Hires Regional Vice Presidents of Sales Diane Capers and Greg Bruns

DANBURY, Conn. -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, announced it has hired Diane Capers and Greg Bruns as regional vice presidents in the company's sales division. Capers and Bruns will advance Promontory MortgagePath's comprehensive sales strategy by cultivating pivotal relationships to strengthen and grow Promontory MortgagePath's position as the industry's leading mortgage fulfillment platform.

"We're experiencing an outpouring of interest in our products as banks seek to adapt to and manage the current low-rate, digitally-driven mortgage market," said Promontory MortgagePath Chief Operating Officer Debora Aydelotte. "Diane and Greg have proven track records in business development operations and will undoubtedly magnify our sales division's impact, leveraging their industry experience to drive our mission forward."

As a previous sales director with more than 20 years of experience, Capers has earned a reputation for exceeding sales goals, managing lengthy client rosters and securing new business opportunities. Having driven significant margin and revenue growth in past roles, Capers also possesses an acute ability to deepen client relationships and capture new business by utilizing skilled negotiation techniques. She has experience working in business development at several mortgage banking firms, including Caliber Home Loans and Lenders One and has expanded her expertise into the digital mortgage technology sector, most recently with Optimal Blue.

Bruns brings more than a decade of experience in commercial banking and mortgage technology, possessing a keen knowledge of the mortgage and financial industries. As an intuitive sales professional, Bruns has managed a full cycle sales territory of more than 200 Fortune 1000 companies, fostering and maintaining client relationships on a large scale and establishing footholds in new markets.

To learn more about open options at Promontory MortgagePath, visit https://www.mortgagepath.com/careers/.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders solve their most pressing challenges. To learn more, https://www.mortgagepath.com.

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

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Business, Free News Articles, Real Estate, Taxes and Accounting

Paramount Property Tax Appeal Offers Free Consultation to California Property Owners, RE: ‘Tax-Reduction Solutions & Overcoming Changes Limiting Tax Breaks’

SAN DIEGO, Calif. -- Wes Nichols, president of Paramount Property Tax Appeal Service, is reminding California property owners that property tax relief will be severely limited by changes to the Proposition 58 Parent-to-Child Exemption, as Prop 19 will soon become law.

The Paramount firm is inviting property owners and families looking to lower their property taxes and/or transferring property to heirs, to get a free consultation There are only 3 months left to prepare, evaluate and potentially appeal property taxes - typically reducing property tax bills by 20% to 30%. Residential and commercial property owners are urged to prepare for specific changes to long standing property tax relief in California.

Paramount Property Tax Appeal is inviting California property owners to take advantage of the firm's unprecedented offer of a free consultation focusing on Property Tax Reduction; Property Appraisal; Real Property Tax Appeal, Business Property Tax Appeal, and Business Personal Property Tax Compliance.

Company president Wes Nichols announced this week: "Families have to get in now to see us so we can complete their paperwork, in terms of locking in their future tax base. With Proposition 19 becoming property tax law, folks only have until Feb. 2021 to complete estate planning, in order to pass down low assessed values to their children. Prop 19 is designed to eliminate the Parent-to-Child Exemption for properties that are not owner-occupied homes within a year. This means homes, apt. buildings and other commercial properties are all assessed at full market value when you transfer title to your children."

Paramount Property Tax Appeal is one of the few property tax related firms in California that offers unique property tax reduction solutions and proprietary programs to make sure parents can pass down their low assessed value in the future to their children. Even if property is held in an LLC or trust.

Mr. Nichols explains: "This year, Californians face unprecedented tax challenges unlike any year prior; due in part to the COVID shutdown and resulting economic crisis, impacting property values and estate planning. However, families with estate planning needs have only 3 months before the doors for California property tax relief from Proposition 13 and Proposition 58 slam shut - as Proposition 19 becomes law. Thereby dismantling key tax breaks protected by the Parent-to-Child Exemption - avoiding property tax reassessment at current market value."

"Folks should understand that by engaging us now, you start the process of setting up your tax appeal; to reduce your overall tax burden. Waiting until you're too close to the appeals deadline can be a recipe for disaster! Bottom line, we truly do enjoy helping people - middle class and working families, not just wealthy folks."

For the first time since its inception, Paramount is offering a free consultation on trusts, estates, property tax appeals and property tax reduction issues, to all California property owners interested in lowering their property tax bill, as well as transferring real property to their heirs. Property owners can call the firm's main office at 858.225.1200 with the option to come in and sit down informally with a property tax specialist, and discuss their property tax and/or business personal property tax issues.

Paramount Property Tax Appeal
Call: President Wes Nichols at (888) 385-9203
Email: wes@pptaxappeal.com

Website: https://www.paramountpropertytaxappeal.com/

Facebook: https://www.facebook.com/ParamountPropertyTaxAppeal

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

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

Alliances and Partnerships, Business, Free News Articles, Insurance

Papa Inc. Adds Reliance to Its Growing List of Medicare Advantage Plans to Provide ‘Family on Demand’ to Their HMO Population

MIAMI, Fla. -- Papa Inc, the leading technology-enabled platform for companionship & assistance for older adults & families, today announced it has been selected by Reliance Medicare Advantage to provide services beginning January 1, 2021 to their Michigan HMO population in order to enhance their quality of life through the eradication of social isolation and loneliness.

Papa has created a new category of care through technology by turning a large supply of talent (students, stay-at-home parents and young professionals) into a new category of provider that Papa calls "Pals."

As a partner, Papa will provide Reliance HMO members a program that bridges the gap between generations and offers seniors a unique at-home experience that can enrich their lives and combat feelings of isolation and loneliness.

Papa "Pals" can provide help with:

* Companionship - Whether it is board games, great conversation, or just enjoying each other's company, Papa provides valuable interactions either virtually or in-person;

* Transportation - Whether it is door to door, or door through door, Papa provides transportation to medical appointments, volunteer or work engagements, the grocery store, or even a visit to the park for a change of scenery;

* Technology Assistance - Papa Pals can assist with technology such as cell phones, computers and tablets to make sure members are staying connected to family and friends;

* Light Chores - Changing seasons can bring opportunity for Papa Pals to assist with light chores around the home such as gardening, snow removal, food preparation

"Loneliness and social isolation have many negative effects on older adults, including issues associated with the lack of transportation, independence and technical savvy," said Founder and CEO Andrew Parker. "National Academies of Sciences, Engineering, and Medicine (NASEM) explains that more than one-third of adults aged 45 and older feel lonely, and nearly one-fourth of adults aged 65 and older are considered to be socially isolated. Considering the Census Bureau data that there will be 78 million people 65 and older by year 2035 compared to 76.7 million under the age of 18, we have an immediate responsibility to provide solutions that will result in positive long-term effects like lowering medical costs and improving their quality of life for this beloved population."

"Reliance chose Papa for their unique task-driven companionship services and mission to support families throughout the aging journey," said Jacob Nysson, Reliance COO. "We look forward to working with Papa to further evaluate our ageing members' needs and providing services to address those needs."

About Reliance

As Michigan's only doctor owned Medicare Advantage plans, Reliance Medicare Advantage is proud to provide southeastern Michigan residents on Medicare with a different kind of healthcare plan. For more information, visit: https://www.reliancemedicareadvantage.org/.

About Papa Inc

Papa is a platform of curated companions that provide support and assistance to older adults and families nationwide. Papa was founded in 2017 in Miami, FL. For more information, visit: https://www.joinpapa.com/.

* LOGO link for media: https://www.Send2Press.com/300dpi/20-0305s2p-papa-inc-logo-300dpi.jpg

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

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