Business, Free News Articles

Mortgage Automation Pioneer Hires Veteran Tech Entrepreneur Michael Schreck as CEO

IRVINE, Calif. -- Cloudvirga(SM), developer of next-generation loan officer and direct-to-consumer point-of-sale (POS) systems, has named Michael Schreck its chief executive officer. He succeeds cloudvirga co-founder Bill Dallas, who will continue as chairman of cloudvirga's board of directors.

Schreck joins cloudvirga on the heels of a successful Series B funding round that netted the company $15 million led by Blackstone Group portfolio company Incenter (joining previous investors Upfront Ventures and Dallas Capital). He brings a deep understanding of the digital mortgage space and two decades of experience nurturing leading tech firms as a CEO, venture capitalist and co-founder.

"The mortgage industry has been waiting for decades for a modern, automated and intelligent software platform that drives down costs while improving compliance," said Schreck. "That software is finally here with cloudvirga, built inside a top originator and now in flight at eight of the country's top 40 non-bank originators. Our customers, whether retail or call center, now have a compelling answer to Rocket Mortgage and a proven path to reducing their costs."

Cloudvirga re-engineers the mortgage workflow to give consumers greater control over the loan application process and accelerate the mortgage sales funnel for loan officers. The company's digital mortgage technology delivers underwriter-ready loan applications with unmatched speed and quality, resulting in massively reduced costs to produce.

"Michael embodies the entrepreneurial mindset and enterprise expertise that will define the next phase of cloudvirga's growth," said Dallas. "His record of success leading top-caliber companies and attracting heavyweight global talent will benefit cloudvirga tremendously as the company continues to accelerate."

For 20 years, Schreck has built and led pioneering companies whose innovative technologies enable the world's leading brands to better engage with their customers. He most recently served as managing director of Altisource Labs, an innovation center within mortgage software provider Altisource Portfolio Solutions. In that role, he was responsible for overseeing more than 1,000 employees across four next-generation software and analytics companies, including leading software-as-a-service providers Equator and Mortgage Builder.

Schreck previously held CEO positions at digital publishing firm Zmags and government service provider Corrective Solutions. He also co-founded General Catalyst Partners, a multi-billion-dollar venture capital firm where Schreck helped develop successful startups including Upromise, SmartBargains, m-Qube and CoreMetrics. Collectively, these companies were acquired for over $1 billion by SLM, GSI Commerce, VeriSign and IBM, respectively.

Schreck started his career as a strategy consultant at McKinsey & Company and Monitor Company. He holds an MBA degree from Harvard Business School and a bachelor's degree from Brigham Young University.

About cloudvirga(SM):

Cloudvirga's next-generation loan officer and direct-to-consumer point-of-sale (POS) systems re-imagine the digital mortgage process by leveraging data and automation to address back-office compliance tasks earlier in the loan process, radically cutting overall loan costs, increasing transparency and reducing the time it takes to close a loan for both borrowers and lenders. Founded by top fintech veterans with a proven track record of building mortgage-related technologies, cloudvirga is committed to delivering software that reinvents the mortgage process for lenders and borrowers. Cloudvirga's initial customer roster includes eight of the top 40 non-bank mortgage originators in the United States.

For more information, visit http://www.cloudvirga.com/ or follow cloudvirga on LinkedIn at https://www.linkedin.com/company-beta/7577062/.

* PHOTO for Media: Send2Press.com/mediaboom/17-0613s2p-Schreck-300dpi.jpg
* PHOTO Caption: Michael Schreck joins cloudvirga as CEO.

*Editorial Note: Usage of company name "cloudvirga" is lower case except when starting a sentence, and is a service mark of cloudvirga, Inc.

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Awards and Honors, Business, Free News Articles

Simplifile’s Paul Clifford Receives 2017 Award for Innovation from October Research

PROVO, Utah -- PROVO, Utah, June 12, 2017 (SEND2PRESS NEWSWIRE) -- Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that Paul Clifford, president, was recognized with the 2017 October Research Award for Innovation for his leadership in establishing Simplifile's e-recording network, along with other achievements in support of the title industry.

Now in its sixth year, the October Research awards program honors leaders in the title, underwriting, lending, and settlement services industries for their accomplishments in the areas of leadership, innovation, and philanthropy. Erica Meyer, CEO and Publisher of October Research, presented Clifford with this year's Award for Innovation at the 13th annual National Settlement Services Summit (NS3) in San Antonio.

Under Clifford's leadership, Simplifile has grown the largest e-recording network in the industry, covering more than 75 percent of the U.S. population and making faster, more cost-effective, and more secure recording available for the vast majority of real estate transactions. He has also been a driving force behind Simplifile's pioneering Collaboration and Post Closing services, which enable settlement agents and lenders to efficiently coordinate in real-time on closing disclosures and post-closing activities to reduce compliance risk, fines, and lost revenue.

"We are honored to give Paul Clifford the October Research Award for Innovation," Meyer said. "His drive and vision have truly made a difference in the title insurance industry."

"This award honors the entire Simplifile team, who have worked tirelessly to support e-recording-friendly legislation, educate the marketplace, and continually enhance our Collaboration, E-recording, and Post Closing services to meet the evolving needs of our users," said Clifford.

About October Research:

October Research, LLC is the nation's leading independent provider of market intelligence, industry news, expert opinion and regulatory information for professionals in the real estate, title, financial and settlement services industries. The company was founded to be the unifying, agenda-free voice of these industries and the professionals that support them. We have been headquartered in Richfield, Ohio, since our inception in 1999, and still boast the only full-time, independent newsroom devoted to providing in-depth coverage of the top real estate, title insurance, financial and settlement services issues.

About Simplifile:

Simplifile, the nation's largest e-recording network, was founded in 2000 to connect settlement agents and county recorders via its e-recording service. Today Simplifile has broadened its services to include collaboration tools and post-closing visibility for mortgage lenders and settlement agents working together on real estate documents. Through Simplifile, users can securely record, share, and track documents, data, and fees with ease.

To learn more, visit https://simplifile.com or call 800-460-5657.

*PHOTO for Media: Send2Press.com/mediaboom/17-0612s2p-Paul-Clifford-award-300dpi.jpg

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Free News Articles, Webinars

QuestSoft and OpenClose to Hold Webinar on the New CFPB HMDA Rules

WEST PALM BEACH, Fla. -- OpenClose, a multi-channel loan origination system (LOS) provider, and QuestSoft, a provider of automated mortgage compliance software, announced that they will host a joint webinar covering the new CFPB HMDA regulations, how they will impact organizations, and outline specific plans to make compliance with the new HMDA rules the most efficient and time-saving process in the mortgage industry.

The webinar will be held on June 21, 2017 from 1 p.m. - 2:15 p.m. EDT.

Entitled "The New CFPB HMDA Rules -- What You Need to Know," this webinar will provide insight on not just what the new rules are, but what organizations will need to prepare for well in advance of the January 2018 implementation deadline. The companies say that while the deadline may seem a long way off, there are business-critical functions that should considered now or run the risk of being caught off-guard.

Key topics that will be covered in the webinar:
* The inside day to day nuances behind the new regulations.
* Above and beyond: practical, actionable information will be provided to attendees, not a legal review as is typical with most HMDA webinars.
* New loan types required with HMDA and how OpenClose and QuestSoft are answering the call.
* Recommendations for improving data integrity across the enterprise.
* A timeline of the changes and companies need to prepare for in advance.
* The new public face of HMDA: implications for Fair Lending and the future of mortgage lending.

OpenClose and QuestSoft will also touch on key updates being made their specific products that will help companies effectively test, train and prepare for, including release dates and 2018 CFPB HMDA data that can already be tested now.

Speakers:
Kathy Olsen, director of LOS support services at OpenClose:
Kathy leads customer support and training at OpenClose for its multi-channel LOS, LenderAssist(TM), as well as its integrated products. She joined OpenClose in 2010 and has over thirty years of experience in the mortgage banking and technology fields.

Leonard Ryan, president of QuestSoft Corporation:
Leonard has been associated with the mortgage industry for over 30 years, and is the founder of QuestSoft. He is a member of both MBA HMDA and NMLS Mortgage Call Report working groups, and is nationally recognized as a HMDA expert.

Downloadable materials that will be made available after the webinar:
* Presentation Slides [PDF] -- available on the day of the webinar
* Webinar Recording [streaming] -- available 2-3 days after the webinar
* Q&A [PDF] -- available on the day of the webinar.

The webinar is offered as complimentary to the mortgage industry but availability is limited. To sign up for the webinar, go to https://goo.gl/E8cTzP. Company contact information is below.
OpenClose at 561-575-4632 Option 1, or email sales@openclose.com.
QuestSoft at 800-575-4632 option 1, or email sales@questsoft.com.

About OpenClose:
Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) mortgage software solutions provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of 100 percent web-based solutions for lenders, banks and credit unions. OpenClose's core solution, its LenderAssist(TM) LOS, is comprehensive platform that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creating a truly seamless workflow for complete automation and compliance adherence. For more information, visit http://www.openclose.com/ or call (561) 655-6418.

About QuestSoft(R):
Laguna Hills, Calif.-based QuestSoft is a leading provider of comprehensive compliance software and services for the mortgage, banking and credit union industries. QuestSoft combines 20+ years of mortgage regulatory, CRA and Fair Lending compliance analytics, data management and software design expertise with best-in-class customer service to consistently improve client compliance accuracy and facilitate smoother regulatory audits. QuestSoft products, interfaced with over 40 LOS providers, enable more than 2,200 clients to simplify and speed the collection, analysis, compilation and reporting of key lending regulatory report data. For more information, call 800-575-4632, ext. 1, or visit http://www.questsoft.com/.

MEDIA CONTACTS:
Joe Bowerbank, for OpenClose
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

David Jones, for QuestSoft
William Mills Agency
678-781-7238
djones@williammills.com

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Business, Free News Articles

IDS Builds Mortgage Document Preview Feature for LendingQB Integration

SALT LAKE CITY, Utah -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has incorporated a new document preview feature into its integration with LendingQB's cloud-based loan origination solution (LOS). The feature allows LendingQB users to preview mortgage documents, such as the Loan Estimate or Closing Disclosure, before they are submitted to fulfillment, enabling lenders to spot and correct errors prior to the creation of the final document.

"When it comes to executing compliant, error-free mortgage transactions, the stakes are higher than ever. Quite often, lenders are drawing fresh sets of documents each time a change is made because they have no other recourse for ensuring that changes are reflected accurately in the final document," said Mark Mackey, vice president of IDS. "The document preview feature with LendingQB enables our mutual customers to see how changes will affect the final document in real time, eliminating the need to draw multiple docs or doc packages and reducing the probability of an outdated or incorrect document making it to the final document package."

As a result of the 'lights out' integration between LendingQB and IDS, users are able to preview docs from the idsDoc system directly within the LendingQB platform. Preview docs are displayed as a PDF, the same format in which the final document package is delivered, but with a "SAMPLE" watermark, ensuring that the preview document cannot be mistaken for the final document.

"Accurate generation of mortgage documents is really the primary goal of any LOS," said Tim Nguyen, president of LendingQB. "That is why the preview feature with IDS is so important. It provides our lenders with another tool to mitigate errors in the document generation process, saving them a significant amount of time and money throughout the closing process and beyond. IDS has been a key partner of ours for several years, and we're happy to see them innovate in ways that provide tangible benefits to our mutual clients."

About LendingQB:

LendingQB is a provider of Lean Lending solutions. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end mortgage loan origination system, best of breed integrations with key industry partners and "Adoptimization" services that result in faster cycle times and lower costs per loan. For more information, please call 888-285-3912 or visit http://www.lendingqb.com.

About IDS, Inc.:

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include electronic signatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regards to major industry compliance changes. (http://info.idsdoc.com/)

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Awards and Honors, Business, Free News Articles

DocMagic’s SmartCLOSE and Total eClose Solutions Receive ALTA ‘Elite Provider’ Designation

TORRANCE, Calif. -- DocMagic, Inc., the mortgage industry's leading provider of document production, automated compliance and comprehensive eMortgage services, announced that it has been accepted into the Elite Provider Program for American Land Home Title Association (ALTA).

Applicants to the ALTA Elite Provider Program must provide their five most recent balance sheets demonstrating the company's financial stability and a list of ten references. Each is assessed based on its financial strength, its commitment to the overall industry, its national distribution capabilities, and reference checks with existing customers.

Acceptance into this program means that DocMagic now joins an elite group of premier service providers that promote the highest industry standards and benefits for the title and settlement services industry. In addition, as an Elite Provider DocMagic is now able to offer all ALTA members various discounts on its solutions and services.

"This designation underscores DocMagic's mission to deliver critical, robust technology solutions that address complex compliance issues and needs for both lenders and title companies," said Tim Anderson, director of eServices at DocMagic. "ALTA's rigorous vetting process and high standards mirror DocMagic's own internal guidelines, and we're pleased not only to be named to the Elite Provider Program, but also to demonstrate the soundness of our solutions and our practices to the title community."

DocMagic's solutions, which are currently being leveraged by the title and settlement services industry, deliver a comprehensive, easy-to-use collaboration system for live fee data exchange and paperless eClosing between lender and title systems. To date, solution adoption has been well-received and continues to gain momentum.

Key initiatives that helped make DocMagic an ALTA Elite Provider:
* SmartCLOSE(TM) - a robust collaborative closing portal for TRID compliance that connects lenders, settlement provider and other real estate entities to ensure that all data is accurate, complete and compliant before documents are drawn.

* Total eClose(TM) - a comprehensive digital mortgage solution that ensures all documents (not just the final CD) are completed consistently, compliantly and more efficiently, which greatly increases loan funding turn times by reducing any post-closing trailing docs and potential buy back issues.

* Uniform Closing Dataset (UCD) approved technology - DocMagic is now certified by both Fannie Mae and Freddie Mac to deliver copies of the borrower CD and XML data at the time of closing, as well as any data changes made 90 days after closing.

DocMagic' solutions have been proven to solve the title and settlement services industries' mounting challenges regarding data integrity, document versioning, process accuracy and compliance via real-time collaboration tools and final approval by lenders. Data updates are automatically validated inside DocMagic's industry-leading compliance engine to ensure that clients are always within tolerance thresholds; final documents cannot be generated until all conditions are cleared.

DocMagic will be attending the 2017 National Settlement Services Summit (NS3) being held June 7-9 at the Marriott Rivercenter in San Antonio, Texas. To arrange a meeting with DocMagic at the show, contact Tim Anderson at 904-608-3966 or tim@docmagic.com.

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, regulatory compliance, eSign, eDelivery and comprehensive eMortgage services for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. 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 http://www.docmagic.com/.

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

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Business, Free News Articles

FormFree Names Douglas Brewer Director of its Enterprise Architecture

ATLANTA, Ga. -- FormFree today announced the appointment of senior software developer Douglas Brewer to the role of director of enterprise architecture. Brewer, who first joined FormFree in 2014, will be responsible for managing the retention and growth of FormFree's software development team, overseeing enterprise software design and ensuring the quality and timely delivery of software updates.

An experienced architect of custom software, web-based user interfaces and APIs, Brewer specializes in signal processing, machine learning and other enabling technologies that rely on advanced algorithms and mathematical models to analyze data. Prior to joining FormFree, Brewer loaned his programming expertise to companies in diverse industries ranging from manufacturing to e-commerce to traffic control and spent five years as co-owner of BlackBox Software. He earned his bachelor's degree and doctorate, both in computer science, from the University of Georgia.

"Doug has been the powerhouse behind FormFree's technology assets as we've built out game-changing solutions for our customers," said FormFree Founder and CEO Brent Chandler. "His commitment to quality, creativity and leadership has been integral to the innovations we've brought to market as well as those still under development."

FormFree's flagship product, AccountChek, is an automated asset verification app that streamlines the loan underwriting process for both borrowers and lenders, reducing the time it takes to close loans and resulting in higher borrower satisfaction.

"Thanks to its founders' vision, leading FormFree development team has been a gratifying professional challenge and opportunity," said Brewer. "It is not every day that you have a chance to change the world."

About FormFree:

Leading lenders trust FormFree's automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(R), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. AccountChek securely delivers automated asset verification data and on-demand reports to more than 350 leading U.S. lenders. A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Atlanta, Georgia.

For more information, visit http://www.formfree.com/.

*LOGO for media: Send2Press.com/mediaboom/17-0522s2p-formfree-300dpi.jpg

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Business, Free News Articles

Skyline Financial Corp. Lays Groundwork for New Reverse Mortgage Division with Technology, Training from ReverseVision

SAN DIEGO, Calif. -- ReverseVision, the leading provider of software and technology for the reverse mortgage industry, has forged a partnership with Skyline Financial Corp. (Skyline Home Loans and NewLeaf Lending) to support the lender's growing reverse mortgage division with RV Exchange (RVX) loan origination technology and RV University (RVU) training programs.

One of the nation's top 50 mortgage lenders and a leading national issuer of Ginnie Mae securities, Skyline has originated a modest number of FHA-insured home-equity conversion mortgages (HECMs) over the years, mostly on a hybrid correspondent basis. According to industry veteran and recently appointed Division Vice President Joe Renner, Skyline is now ready to focus on becoming a full-fledged reverse mortgage lender.

"The home-equity conversion mortgage is often overlooked as a viable home-equity alternative, and it's especially underutilized as a means of purchasing a home. By growing our retail efforts and expanding HECM products to our wholesale channel, we can better serve the needs of Skyline customers," said Rinner. "Getting the right technology and training from ReverseVision was our first step."

ReverseVision's RVX serves as a centralized exchange, connecting all participants in the lifecycle of a reverse mortgage and allowing them to log in to a single system to share documents and information for each part of the loan process. The system encompasses everything from point-of-sale, processing and underwriting to funding, post-closing and secondary marketing.

"ReverseVision is proud to support a lender of Skyline's size and influence in making HECM loans available to more consumers," said Wendy Peel, vice president of sales and marketing for ReverseVision. "Skyline serves as the model for how large lenders can leverage an established network of traditional loan officers to create a thriving reverse mortgage line of business."

ReverseVision also offers live and online training programs through its RVU education platform, including a three-day course specifically designed to help companies like Skyline that have yet to establish their own HECM training accelerate the origination process.

Patrick Trolley, a mortgage planner and senior account executive with Skyline and NewLeaf, attended ReverseVision's accelerated loan originator training in April. An experienced traditional lender, Tromley had no specific knowledge of reverse mortgage lending. He enrolled in the training not only to springboard his own HECM origination efforts, but to better support his network of broker clientele.

"It was a great experience. I learned a lot and left the training feeling confident enough to line up two leads within a week," said Tromley. "I would recommend this training to anyone who is contemplating getting into the HECM space."

About ReverseVision:

ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on the home-equity conversion mortgage (HECM) and related reverse mortgage programs. With nearly 10,000 active users, ReverseVision technology supports more reverse mortgage transactions than all other systems combined. The company's comprehensive product suite also includes reverse mortgage sales and education tools and a dedicated professional services team. ReverseVision partners with some of the finest and fastest-growing banks, credit unions and lending organizations in the United States to provide its reverse mortgage technology to brokers, correspondents, lenders and investors.

A 2017 HousingWire TECH100(TM) company, ReverseVision has also been recognized in Deloitte's Technology Fast 500(TM) listing. ReverseVision's annual user conference, the only event of its kind in the industry, brings together more than 200 lenders, vendors and educators each year to advance reverse mortgage lending. The company continues to build on its technology's pioneering capabilities with frequent enhancements aimed at boosting users' reverse mortgage volume, workflow efficiency and data analysis capabilities.

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

About Skyline Home Loans/NewLeaf Lending:

Skyline Financial Corp. is a full-service, direct mortgage lender based in Calabasas, California. It operates as a retail lender under the name of Skyline Home Loans and is in the wholesale space as NewLeaf Lending. Consistently ranked one of Mortgage Executive Magazine's top 50 mortgage companies, Skyline has been in business for over 30 years. With more than 40 branches throughout the nation and nearly 600 employees, the company's mission statement is to" put the power of the home mortgage in the hands of our customer, through human connection, trust and our intelligent mortgage platform."

To learn more, visit https://www.skylinehomeloans.com/ and http://www.newleafwholesale.com/.

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Free News Articles, Government

Mid America Mortgage Purchases eNote from First eClosing Transaction in North Carolina

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today it has purchased the eNote from North Carolina's first eMortgage transaction. The transaction, which was completed entirely electronically on May 5, was a refinance for a property in Winston-Salem and was executed by Hickory-based North State Bank. Upon completion of the closing, Mid America was able to purchase the resulting eNote within one business day after receiving the final loan package.

In a statement issued on May 9, North Carolina Secretary of State Elaine F. Marshall said: "This was our first North Carolina eClosing. It is not our last. We want this to become a regular option for lenders and their customers because of the many advantages eClosing offers versus the slower, traditional paper-based system.... We stand ready to work with all other North Carolina lenders to get them up to speed on this. One thing we all noted during this closing was that even though we tried to make it into a real ceremony -- it was still so fast and easy that we had a hard time not being finished in just a few moments."

"Given Mid America's desire to see full eClosings implemented nationwide, we were happy to play a role in this transaction by serving as the investor for this deal," said Mid America Owner and CEO Jeff Bode.

"We launched our eCorrespondent division with the specific intent of converting emerging mortgage bankers to eClosings and purchasing their eNotes. Having also implemented eClosings in our retail division, we've seen first-hand how eClosings can reduce errors in the closing process, resulting in lower origination costs and more satisfied borrowers. With origination volume expected to decline this year, now is the time for lenders to get on board with eClosings."

"As Secretary Marshall noted, eNotarization is an essential component in moving not just mortgages, but all legal filings, into the digital age," Bode added. "As such, Mid America has been working closely with the Texas Mortgage Bankers Association to move the Texas Remote Notary bill through the state legislature, and we feel confident that eNotarization will soon become legal in the state of Texas."

About Mid America Mortgage, Inc.:

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, most recently with its adoption of electronic mortgage closings (eClosings) and promissory notes (eNotes). We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners, and are also the nation's leading provider of Section 184 home loans for Native Americans.

Mid America is looking for tech-savvy, service-oriented mortgage professionals to join its growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit http://www.midamericacareer.com/.

Additional information about Mid America Mortgage, Inc. can be found on the company's website at http://www.midamericamortgage.com/about/.

Twitter: @midamericamtge

*PHOTO for media: Send2Press.com/mediaboom/16-0802-jeff-bode-300dpi.jpg

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Business, Free News Articles, Real Estate

Simplifile Adds 14 Counties in American Northeast to Its E-Recording Network

PROVO, Utah -- Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, has added more than a dozen new recording jurisdictions in five states across the American Northeast to its e-recording network, the nation's largest.

"The Northeastern United States is home to some of our nation's oldest counties and most established recording offices, with property records dating back hundreds of years," said Paul Clifford, president of Simplifile.

"It's a privilege to help settlement agents and recorders in these storied jurisdictions transition to a more modern system of recording that is more efficient and less costly - both in terms of time and money - for all participants."

The 14 new jurisdictions are:
* Town of Brooklyn, Conn.
* Town of Cromwell, Conn.
* Town of Salisbury, Conn.
* Town of Southbury, Conn.
* Town of Warren, Conn.
* Anne Arundel County, Md.
* Queen Anne's County, Md.
* Cambria County, Pa.
* Huntingdon County, Pa.
* Belknap County, N.H.
* Chemung County, N.Y.
* Columbia County, N.Y.
* Fulton County, N.Y.
* Schenectady County, N.Y.

Effective immediately, settlement agents in these jurisdictions can scan and submit documents directly to the county recording office using Simplifile's secure, web-based e-recording service. In just minutes, the county recorder can review, stamp, record, and return documents to the settlement agent using the same electronic system. Settlement agents can also pay recording fees and associated payments securely through the Simplifile service, reducing payment errors and eliminating check-writing costs.

More than 1,622 county recording offices throughout the United States now record deeds, mortgages, and other documents electronically using Simplifile. For an up-to-date list of all jurisdictions currently e-recording with Simplifile, visit https://simplifile.com/e-recording-counties.

About Simplifile:

Simplifile, the nation's largest e-recording network, was founded in 2000 to connect settlement agents and county recorders via its e-recording service. Today Simplifile has broadened its services to include collaboration tools and post-closing visibility for mortgage lenders and settlement agents working together on real estate documents. Through Simplifile, users can securely record, share, and track documents, data, and fees with ease.

To learn more, visit https://simplifile.com or call 800-460-5657.

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Business, Free News Articles, Funding and Investment, VAR and IT Consulting

WorldAPP Secures Financing Round to Fuel Growth

BRAINTREE, Mass. -- WorldAPP, a leading provider of mobile data collection and process optimization software today announced that it has completed financing round with Providence-based Bay Capital Investment Partners. The transaction amount was not disclosed.

WorldAPP combines a powerful suite of data collection products with their expertise in inspections, audits, and surveys to design and develop mobile applications for enterprise-level clients. According to CEO Oleg Matsko, the new financing will be used to fuel growth strategy.

"This additional funding provides us with the financial strength and flexibility we need to aggressively grow our company while still advancing product capabilities," said Matsko. "We're particularly enthusiastic because we now have the added resources we need to achieve our growth goals while maintaining the exemplary service and support that our clients have come to expect."

Led by Matsko and CTO Alexander Zagvazdin, WorldAPP builds mobile Data Collection and Business Process Optimization applications for large organizations. Their flagship products, Form.com and Key Survey, are customized to meet enterprise needs and used to transform the flow of critical information and operating data between people, departments, and existing programs.

Gregory Mulligan, the managing Director of Bay Capital, notes that while WorldAPP has been in operation for 15 years, their steady growth puts them in a position to maximize the investment and take the company to the next level.

"WorldAPP has demonstrated impressive momentum and trajectory over the years," said Mulligan. "They've also built a reputation for providing first-to-market technologies and solutions with an exemplary level of customer support. We believe this investment will help them capitalize on their reputation, and achieve their goal to drive explosive growth in the coming years."

According to Matsko, Bay Capital's continued backing represents an unwavering commitment to the future of WorldAPP, and a strong belief in the company's strategy.

He continued, "We're thrilled to have a strong vote of confidence from Bay Capital, and encouraged to know that they share the same vision and passion we have for helping great companies run better."

About WorldAPP:

WorldAPP helps mid to large organizations improve how they collect, manage, and leverage data across the enterprise. Using our Software Platforms, Key Survey and Form.com, WorldAPP works hand-in-hand with customers to understand their needs, and configure complete solutions that integrate with their current IT systems and the way they do business. WorldAPP products are deployed by thousands of clients around the world including a large number of Fortune 500 companies.

Whether clients need to enhance data collection, improve operations, or ensure successful strategic initiatives, WorldAPP has the right technology, expertise, and "To Be of Service" mindset to ensure a successful, enterprise-wide implementation.

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

About Bay Capital Investment Partners:

Bay Capital Investment Partners was formed in 2007 to specifically address the capital needs of U.S. companies at the smaller end of the lower middle market, investing initially through BCA Mezzanine Fund, L.P. and subsequently through BCA Mezzanine Fund II, L.P. Each fund is licensed as a Small Business Investment Company (SBIC) by the U.S. Small Business Administration.

Bay Capital Investment Partners specifically addresses the capital needs of smaller U.S. companies by providing senior debt, subordinated debt, mezzanine capital and equity capital to facilitate acquisitions, management buyouts and to provide growth capital. For more information, please visit http://www.baycapllc.com/.

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