Advertising and Marketing, Business, Free News Articles, Software

ReverseVision Unveils New Tech Strategy with Major Platform Updates and Brand Transformation at 2019 MBA Annual Conference

SAN DIEGO, Calif. -- ReverseVision, the leading provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, today announced its transformation as an API-enabled flexible reverse lending platform, unveiling a new logo as part of its revised mission and rebranding.

ReverseVision technology supports more reverse mortgage transactions than all other systems combined. Its revised approach and associated system updates reflect ReverseVision's commitment to evolving platform functionality and equipping every lender-forward and reverse-with tools to easily integrate HECM and private reverse mortgages into the loan evaluation, sales and origination process for every applicable senior borrower.

"The ReverseVision platform is transforming to enable a broader range of implementations matching lenders' business models. We are enabling all lenders to meet borrowers where they are in life," said ReverseVision Vice President of Sales and Marketing Wendy Peel. "Our revised API-enabled platform offers an operationally pragmatic approach to reverse home equity products."

"By providing open APIs that accelerate connectivity with all mortgage lending and retirement planning systems, we are powering greater integration and use of reverse lending in the mortgage ecosystem. New technology partnerships with leading digital mortgage firms will greatly expand presentation and demand for reverse lending. We seek to put tools in the hands of every lender that wants to create borrowers for life with a comprehensive Generational Lending strategy," added Peel.

Initial system capabilities provided by the revised platform include:

* Loan Import API
The development of a loan import API enables any system to programmatically create and prepopulate a reverse loan file within ReverseVision Exchange (RVX). Common system sources include customer relationship management (CRM) systems, point-of-sale solutions, forward loan origination system (LOS) or other third-party software. The loan import API saves LOs from retyping information into multiple systems by automatically importing relevant borrower data fields into RVX at the touch of a button.

* Streamlined product selection within RVX
An update to ReverseVision Administrator (RVA) simplifies the loan program selection menu, improving the loan selection process for LOs.

* Simplified attachments and docs packaging
Available in 2020 ReverseVision users will be able to build a list of documents to be attached to a loan via a single request, significantly reducing the time it takes to attach multiple documents to a loan file.

* Comparison Calculator API
Due to the popularity of RVSA's Comparison Calculators, ReverseVision will release an accompanying API in 2020. The Comparison Calculator API will allow lenders to place ReverseVision's acclaimed Comparison Calculators into their own point-of-sale solution, LOS, CRM, website or mobile app, to provide borrowers and LOs with a visually interactive tool for comparing HECMs and private reverse loans against home equity lines of credit (HELOCs) and traditional first- and second-lien mortgages.

These capabilities are made possible by an all new cloud computing based platform that operates in concert with the classic core RVX origination system. The new architecture enables significantly more flexibility for interaction with other systems and improved scalability while retaining comprehensive reverse origination features. The approach avoids the need for lenders to implement an all new system to exploit a growing set of integrated capabilities. In turn, ReverseVision customers can exploit these new APIs for internal integration and development efforts.

"HECM and private reverse programs have undergone massive transformations and so has our technology," said ReverseVision President and CEO John Button. "ReverseVision's improved capacity for technology coexistence will help all lenders meet borrowers where they are in life and better serve the unique financial needs of senior customers."

ReverseVision's updated visual identity is accompanied by the new tagline, "Rethink. Remortgage. Retire." Additionally, product logos for RVX, ReverseVision Sales Accelerator (RVSA), ReverseVision Database (RVDB), ReverseVision Pro Services (RVPS) and ReverseVision University (RVU) have been refreshed to reflect the rebrand.

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 four-time HousingWire TECH100(TM) company, ReverseVision continues to build on its technology's pioneering capabilities with frequent enhancements aimed at boosting users' reverse mortgage volume and workflow efficiency.

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

Twitter: @reversevision #digitalmortgage #HECM

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Business, Free News Articles

Bank of Southern California, NA and CalWest Bancorp, the Holding Company for CalWest Bank, Announce Agreement to Merge

SAN DIEGO, Calif. -- Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW), today announced the signing of a definitive agreement and plan of merger (the "Agreement") whereby CalWest Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals and the approval of the shareholders of CALW and BCAL. According to the terms of the agreement, BCAL's all-cash offer of 0.43 cents per CALW share values the transaction at approximately $32 million. The merger is expected to close in the first quarter of 2020.

The merger combines two Southern California franchises with similar core operating philosophies and cultures. Headquartered in San Diego, CA, Bank of Southern California currently operates eleven branch locations and one production office in San Diego County, the Coachella Valley in Riverside County, Orange County, and Los Angeles County. CalWest Bank is headquartered in Rancho Santa Margarita, CA, with three branches located in Orange County and one office located in Redlands. The proposed merger with CalWest Bank follows Bank of Southern California's acquisition of four-branch Glendale, CA based Americas United Bank in July 2018, providing Bank of Southern California with its first expansion opportunity into the desirable Los Angeles market.

CalWest Bank offers an attractive footprint in the Orange County market, providing Bank of Southern California with the opportunity to continue its strategic expansion in Southern California. Bank of Southern California currently operates one regional branch location in Orange County. Upon completion of the transaction, the combined organization will have pro forma assets of approximately $1.1 billion and combined capital of approximately $120 million.

Commenting on the announcement, Nathan Rogge, President and Chief Executive Officer of Bank of Southern California, said, "The combined bank offers a highly attractive franchise for us in the dynamic Orange County market and furthers Bank of Southern California's vision of expanding our market share in Southern California. CalWest Bank is a well-managed community business bank with a strong relationship banking culture, making it a great fit for us. Bank of Southern California recently expanded into Los Angeles in July 2018, and in Orange County in December 2017, so this opportunity allows us to continue to execute the next natural extension of our planned growth. We believe this transaction allows the bank to better serve the clients of both organizations with increased lending capabilities, technology enhancements, and an increased branch network. Additionally, it provides a great value for our shareholders, creates opportunities for our employees, and expands our franchise to better serve customers of both organizations," concluded Rogge.

Glenn E. Gray, President and Chief Executive Officer of CalWest Bank, echoed, "We are pleased to partner with an organization that shares our approach to community banking. Our clients and employees will benefit by joining a bank with a commitment to exceptional customer service and strong employee culture. We believe our franchise will meaningfully contribute to Bank of Southern California's vision of becoming a leading community business bank in Southern California. Bank of Southern California's sound financial condition and comprehensive business expertise make them an excellent choice and natural partner for us."

Nathan Rogge will continue as President and CEO, and the existing Bank of Southern California executive management team will continue in their current roles at the combined bank.

MJC Partners, LLC served as financial advisor and Duane Morris LLP served as legal counsel to Bank of Southern California. Janney Montgomery Scott LLC, served as financial advisor and Stuart Moore Staub served as legal counsel to CalWest Bancorp.

About Bank of Southern California

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, CA, is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates eleven offices and one production office in San Diego County, the Coachella Valley in Riverside County, Orange County, and Los Angeles County. For more information, please visit https://www.banksocal.com/ or call 858.847.4780.

About CalWest Bancorp

CalWest Bancorp is the holding company of CalWest Bank, a community bank recognized for its exemplary service to entrepreneurs, high net worth individuals and non-profit organizations located throughout Southern California. The Bank serves the business community through its four branches located in Rancho Santa Margarita, Irvine, Huntington Beach and Redlands. For more information, please visit https://calwestbancorp.com/ or call 949.766.3006.

Forward-Looking Statements

This news release may contain comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), and Bank of Southern California and CalWest Bancorp intend for such forward-looking statements to be covered by the safe harbor provisions of that Act. These include statements as to the anticipated benefits of the merger, including future financial and operating results, cost savings and enhanced revenues that may be realized from the merger as well as other statements of expectations regarding the merger and any other statements regarding future results or expectations.

Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs, such as "will," "would," "should," "could," or "may." Forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors which could have a material effect on the operations and future prospects of each of Bank of Southern California and CalWest Bancorp and the resulting company, include but are not limited to: the businesses of Bank of Southern California and/or CalWest Bancorp may not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected; expected revenue synergies and cost savings from the merger may not be fully realized or realized within the expected time frame; revenues following the merger may be lower than expected; customer and employee relationships and business operations may be disrupted by the merger; the ability to obtain required regulatory and shareholder approvals, and the ability to complete the merger on the expected timeframe may be more difficult, time-consuming or costly than expected; the ability of the Bank of Southern California to successfully execute its business plan; changes in interest rates and interest rate relationships; changes in demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking legislation or regulation; changes in tax laws; changes in prices, levies, and assessments; the impact of technological advances; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; and changes in the national and local economy. Bank of Southern California undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events, or otherwise.

Additional Information About the Merger

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote for approval of the merger. In connection with the proposed merger a joint proxy statement will be provided to the shareholders of both institutions which will provide detailed information about the merger and the two institutions. Shareholders will be encouraged to read the joint proxy statement carefully before voting on the merger. The directors, executive officers, and certain other members of management and employees of Bank of Southern California and CalWest Bancorp may be deemed to be participants in the solicitation of votes to approve the merger. Additional information regarding the interests of those participants and other persons who may be deemed participants in the merger may be obtained by reading the joint proxy statement when it becomes available.

Media Contacts:
Tony DiVita
Bank of Southern California
858.847.4783
tdivita@banksocal.com

Glenn Gray
CalWest Bancorp
949.766.3088
ggray@calwestbancorp.com

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Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL / OTC:CALW

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Business, Free News Articles, Real Estate

Legacy Global Development Announces High Demand for Bungalows at Orchid Bay, Belize with New Homes Under Construction Featuring Brand New 2-Bedroom XL Floor Plan

SAN DIEGO, Calif. -- Legacy Global Development today announced that its Bungalows at Orchid Bay, Belize are selling out fast. There are currently only four Bungalows still available, two of which have waterfront locations. As the Bungalows have become highly desirable to homebuyers, prices have gone up for the second time this year on the waterfront locations, and new bungalows are currently under construction to satisfy its popular demand.

Even with the price increase, Bungalows make owning a home in Belize attainable to a wider pool of potential buyers, as they have a more affordable price point than Orchid Bay's other homes. The starting price for a non-beachfront Bungalow still starts at $199,999 for a 1-bedroom/1-bath floor plan. Additionally, Legacy is offering a financing option to those who purchase a Bungalow through its Paradise Payment Plan.

The Bungalows are located in the heart of the Orchid Bay community and are only steps away from the glistening blue waters of the Caribbean Sea. Up until this point, buyers were able to choose between open floor plans, including 3-bedroom/2-bath, 2-bedroom/2-bath, or 1 bedroom/1-bath. The new Bungalows under construction will now feature a brand-new floor plan called "2-Bedroom XL."

"We created this new floor plan to meet the growing demand for our Bungalows, and to accommodate our buyers' personal needs," said Chris Williams, CEO of Legacy Global Development. "We've learned that many owners plan to live here full-time and don't need the third bedroom option. However, they'd still like to have the extra space to accommodate visitors and guests. Therefore, we took this idea to our architects, and now we can offer the perfect solution - the 2-Bedroom XL floor plan."

The 2-Bedroom XL floor plan shares the same square footage, and similar layout to the 3-bedroom/2-bath floor plan, except the major difference is that the master bedroom is significantly larger. For couples who plan to live in their Bungalow the majority of the time, this is the preferable option, as they still have an extra bedroom to offer their guests.

Each Bungalow has a spacious, covered patio for relaxing in the shade while enjoying cooling breezes, modern interior finishes, and access to all on-site amenities, such as the Orchid Bay Beach Club, Tradewinds Restaurant, and community pool. There is lush landscaping between each home, providing extra privacy.

Legacy Global Development is offering optional financing for qualified Orchid Bay Bungalow buyers, called the Paradise Payment Plan - starting at a down payment of $99,999 and low monthly payments of $999.

For those who are interested in purchasing a Bungalow at Orchid Bay and would like to view the new Bungalows under construction, they can take advantage of a Discovery Stay. This epic 4-day, 3-night vacation allows potential buyers to see the property and experience the Orchid Bay lifestyle firsthand, as well as take part in the fun and adventurous activities Belize is well-known for.

The hosted trip features a comprehensive tour of the Orchid Bay community and the choice between several excursion options, including a of ancient Mayan Ruins, world-class fishing, snorkeling along the barrier reef, and more. The tour is booked by a Legacy travel agent who handles all logistics, along with booking roundtrip flights at times which are convenient to each person's schedule. The cost of an Orchid Bay Discovery Stay is $1,999 per couple, inclusive of all food, drinks, excursions, and in-country travel.

For those buyers who are looking to offset the cost of owning a Bungalow, Orchid Bay offers a robust Rental Program that manages the entire process of marketing the home, providing first-class hospitality for guests, and ensuring the house is well-maintained while owners are not on-site. This program comes with a 3-Year Rental Guarantee, which can make buying a Bungalow a smart and rewarding real estate investment.

Located in northern Belize and developed by Legacy Global Development, Orchid Bay is a gated, master-planned community situated on a 114-acre site in the Bay of Chetumal. It combines North American comforts with a spectacular Caribbean setting. The development was influenced by innovations in community design that reveal small-town accessibility, connectivity, and convenience - all with respect to the natural environment. The master plan calls for a series of canals and basins for easy navigation around the community, first-world infrastructure, and 10 percent green space set aside.

Buyers at Orchid Bay have other types of homes to choose from, including Beachfront Condominiums and Beach Villas. On-site amenities include the Tradewinds Beach Club and Restaurant, and under development is a 13,000-square foot new beach club with a 2,000 square foot swimming pool, a gym, restaurant, bar, lounging decks, hammocks, day-beds, and private beach access. An on-site grocery store and medical clinic are also projected to open in the future. Orchid Bay offers many activities and tours for its residents and guests, all with easy access to the best of Belize.

To learn more about the Orchid Bay, Belize visit https://orchidbaybelize.com, call (877) 959-9646 or email hello@legacyglobaldevelopment.com.

Financing Disclaimer: Terms and conditions apply. Not all will qualify.

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Business, Free News Articles, Government, Long Term Care, NonProfit and Charities

Keep Our Seniors Safe Act Signed by Governor Newsom

SAN DIEGO, Calif. -- Consumer Advocates for RCFE Reform (CARR) announces that California Governor Newsom signed the Keep Our Seniors Safe Act, a part of SB 172 (Portantino) which was signed into law on 12 October, 2019.

The Keep Our Seniors Safe Act strengthens the Health and Safety Code by adding safe gun storage requirements for firearms retained by residential care facilities for the elderly (RCFE - also known as assisted living facilities).

CARR sponsored this common-sense safe gun storage legislation in recognition that an estimated 70% of assisted living residents have a diagnosis of Alzheimer's Disease or related dementias (ADRD). Dementia is a primary reason families seek an assisted living placement for a family member.

Many assisted living facilities are licensed to accept and retain residents having mild to severe cognitive impairment. Common characteristics include disorientation, confusion, changes in mood or personality and impaired judgment. CARR's public records' research evidenced that some assisted living facilities were storing firearms in unlocked desk drawers, or allowing residents to retain weapons in their rooms.

The characteristics and associated behaviors of a resident with cognitive impairment, coupled with unsecured weapons inside an RCFE posed an unreasonable risk of harm to residents, families and any third party working in or visiting an assisted living facility.

The Keep Our Seniors Safe Act fills the statutory and regulatory gaps concerning firearm storage by requiring weapons to be centrally stored in the facility, in a locked gun safe meeting the regulatory standards established by the California Department of Justice.

The statute advances CARR's consumer-driven agenda focused on reducing health and safety risks to residents living in California's licensed assisted living facilities.

"This legislation (Chapter 840) gives the state's agency (Department of Social Services, Community Care Licensing Division DSS/CCLD) responsible for licensing assisted living facilities definitive and unequivocal standards for determining compliant gun storage," said CARR's President, Christine Murphy.

This is CARR's second piece of legislation to become law; the first was AB 1523 (Atkins) requiring assisted living facilities to carry liability insurance.

About CARR:
Consumer Advocates for RCFE Reform (CARR) is a San Diego-based 501(c)(3) not-for-profit organization promoting transparency and accountability for consumers using assisted living services, and specializing in public document research on assisted living facilities, and the state's oversight of the industry. Learn more at: https://rcfereform.org/

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Awards and Honors, Business, Free News Articles, Reports and Studies

STRATMOR Group’s 2019 Technology Insight Study Again Scores MCT Highest for Overall Satisfaction, Lender Loyalty, and Lender Share

SAN DIEGO, Calif. -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that the study results from STRATMOR Group's 2019 Technology Insight Study show MCT as the industry leader in lender share, overall satisfaction, and Lender Loyalty Score(r) in the Production Pipeline Hedging category.

STRATMOR reported that this year's sample includes responses from 250 mortgage professionals representing 209 unique lenders. Using 2017 HMDA data, the survey sample represents 29 percent of the market.

75.1 percent of respondents use third-party tools for Production Pipeline Hedging and 39.9 percent chose MCT, giving MCT the highest Lender Share among pipeline hedging providers.

This year MCT again had the highest Lender Loyalty Score(r), which is an indication of how likely lender clients are to stay with their vendor. MCT scored an impressive 86.4 out of 100 with the average competitor at a distant 37.9. In addition, MCT also had the highest Overall Satisfaction of any vendor measured in the study, coming in at 9.3 out of 10.

"We are elated to again receive the highest scores in our category in STRATMOR's Technology Insight Study, which we see as a direct reflection of how diligently we work to support our clients," stated Curtis Richins, president at MCT. "We've introduced a number of innovative technology solutions over the last few years, which combined with our commitment to exceptional client service has helped catapult us into the industry-leader position."

MCT's Trade Auction Manager (TAM) and the new MCTlive! mobile app are among the most recent innovations differentiating the MCT client experience. TAM has enabled electronic trading of TBA mortgage-backed securities while the MCTlive! mobile app allows users to manage their pipeline on-the-go. According to Andrew Stringer, Director of Capital Markets at First Bank, "As a busy professional

and a new dad, the ability to react quickly to market changes whether I'm at a branch, a conference, or a coffee shop is a huge game changer."

MCT is proud of the experience clients shared as part of the STRATMOR Group's 2019 Technology Insight Study, and remains dedicated to client profitability, efficiency, and growth. To learn more about MCT's unique blend of award-winning technology and best-in-class customer service, visit the About MCT page.

About MCT:
Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully-integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive!. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, MCT also has California offices in Healdsburg and Los Angeles, as well as sites in Dallas and Philadelphia. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style, hands-on engagement clients value. For more information, visit https://mct-trading.com/ or call (619) 543-5111.

About STRATMOR:
STRATMOR Group is a leading mortgage industry advisory firm that provides a range of programs and services designed to counsel lender CEOs and senior executives. STRATMOR serves more than 250 companies annually, providing strategies that increase growth and improve profitability in sales, marketing, technology, operations and mergers and acquisitions using comprehensive, propriety data and key insights gained through extensive experience in the mortgage industry. The company is well known for its financial models and its collaboration with the Mortgage Bankers Association in the PGR: MBA and STRATMOR Peer Group Roundtables program. Find out more about STRATMOR on its website at www.stratmorgroup.com.

Twitter: @mcttrading #StratmorGroup #TechnologyInsightStudy #MCT #MortgageHedgeAdvisory #SecondaryMarketingSoftware

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

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Business, Free News Articles

Bank of Southern California NA Names Jacob Mathews Managing Director of Business Banking

SAN DIEGO, Calif. -- Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Jacob Mathews has joined the company as Managing Director of Business Banking. He will be responsible for expanding Bank of Southern California's client base by actively seeking new business opportunities in Los Angeles County and Orange County.

Mr. Mathews is an accomplished business banker with a wealth of in-market knowledge and a commitment to helping small businesses grow and succeed. Prior to joining Bank of Southern California, he served as Relationship Manager II with California Bank & Trust.

"We are pleased to welcome Jacob to our experienced team of Managing Directors. He is a deeply rooted and experienced banker with a proven history of delivering custom-tailored financial solutions to small and mid-sized businesses throughout Southern California," said John Chung, Group Managing Director. "We look forward to Jacob's contributions as Bank of Southern California continues to build upon its success and realize additional growth opportunities in Los Angeles County and Orange County," concluded Chung.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, CA, is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients.

The Bank currently operates eleven branches in San Diego County, Los Angeles County, Orange County, and the Coachella Valley in Riverside County, as well as a production office in West Los Angeles.

For more information, please visit https://www.banksocal.com or call (858) 847-4780.

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Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

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Business, Free News Articles, Restaurant, Hotel and Hospitality, Travel and Tourism

Legacy Global Development in Talks with Major Hotel Brands to Operate Resort at Its Orchid Bay, Belize Property

SAN DIEGO, Calif. -- Legacy Global Development, the developer of the luxurious Orchid Bay, Belize community, today announced that they are talking with major hotel brands to be Orchid Bay's new hotel operator.

Radisson, Ramada and Hilton are the only three branded hotels/resorts currently operating in the country of Belize. Marriott has announced that they will open a resort and residences project in Ambergris Caye in 2021. Legacy's partnership will mark the fifth major hotel brand to operate a property Belize.

"Our impending deal with one of the biggest hotel brands in the world, is poised to make Orchid Bay the number one resort town in Belize," said Chris Williams, CEO of Legacy Global Development. "We believe bringing in the right brand partner is crucial to the long-term success of Orchid Bay, as well as the success of Belize tourism overall. Although it's too soon to reveal which hotel brand it will be, stay tuned as the announcement will make headlines soon."

This deal will result in offering first-class, luxury hotel accommodations for visitors to Belize and for guests and residents of Orchid Bay. It will bring more amenities to the property, increase tourism, and also bring in more revenue to invest in future developments at Orchid Bay.

Located in northern Belize and developed by Legacy Global Development, Orchid Bay is a gated, master-planned community situated on a 114-acre site in the Bay of Chetumal. It combines North American comforts with a spectacular Caribbean setting. The development was influenced by innovations in community design that reveal small-town accessibility, connectivity, and convenience - all with respect to the natural environment. The master plan calls for a series of canals and basins for easy navigation around the community, first-world infrastructure, and 10 percent green space set aside.

Buyers at Orchid Bay have many types of homes to choose from, including Beachfront Condominiums, Beach Villas, and Bungalows. On-site amenities include the Tradewinds Beach Club and Restaurant, and under development is a 13,000-square foot new beach club with a 2,000 square foot swimming pool, a gym, restaurant, bar, lounging decks, hammocks, day-beds, and private beach access. An on-site grocery store and medical clinic are also projected to open in the future. Orchid Bay offers many activities and tours for its residents and guests, all with easy access to the best of Belize.

To learn more about the Orchid Bay, Belize visit https://orchidbaybelize.com - or call (877) 959-9646 or email hello@legacyglobaldevelopment.com.

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Awards and Honors, Business, Free News Articles, Software

MCT’s COO Phil Rasori Honored with HousingWire Tech Trendsetters Award

SAN DIEGO, Calif. -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that its COO, Phil Rasori, has been designated to HousingWire's inaugural Tech Trendsetters award list. Phil is credited with being instrumental in the architecture and launch of multiple innovative capital markets solutions.

The new HW program recognizes technology leaders driving innovation in the housing economy. The 50 chosen winners represent executive, product, and technology leaders who have played an integral role in bringing innovative solutions to market for housing industry clients at large, in particular over the past year.

HW acknowledged Phil's efforts in 2019 for launching one of the most important secondary marketing technology innovations in recent years. Phil spearheaded the development of TAM (Trade Auction Manager(TM)), a browser-based software module that enables a far more efficient bidding and trading process for TBA mortgage-backed securities (MBS) used by lenders to hedge their pipeline of open mortgage applications. TAM is increasing execution, liquidity, and transparency for lenders, while connecting them digitally with many of their broker-dealers for the first time.

"It is a great honor to be selected by HW as a recipient of their inaugural Tech Trendsetters award," stated Rasori. "MCT has launched many software solutions and supporting services to drive success for our lender clients. Winning this award underscores our latest innovations and reinforces our ongoing commitment to mortgage technology."

Also worth noting is Phil's creation and launch of BAM (Bid Auction Manager(TM)), a digital whole loan trading marketplace within MCT's cloud-based core secondary marketing platform, MCTlive! Since gaining widespread adoption by the investor community in 2018 (100% adoption - all investors now leverage BAM), the solution has saved lenders inordinate amounts of time, secured the entire process (which was previously handled via email communications), improved margins, and streamlined bid tape management and best execution loan sale analysis.

Most recently, Phil played a key role in developing a mobile app for MCTlive! that empowers secondary marketing managers to review reporting, manage loan pipelines, and conduct whole loan trading from the convenience of their mobile phone.

"Each year we honor the top technology companies in the housing industry, but this year we decided to do even more," HousingWire Associate Editor Kelsey Ramírez said. "This year, for the first time ever, we are looking at the people behind the technology. These experts are propelling the housing industry forward and reimagining the mortgage process."

"HousingWire has always recognized innovation and technological advancements in the housing industry, but none of those advancements happen without people leading the way," HousingWire Managing Editor Ben Lane said. "Technology doesn't simply create itself. People are the driving force behind those innovations. And it's in that spirit that we proudly honor the visionaries helping to push the housing industry into the future."

The full list of HW Tech Trendsetters can be found online and will also be profiled in the Oct./Nov. issue of HousingWire magazine. https://www.housingwire.com/articles/introducing-housingwires-2019-tech-trendsetters/.

About MCT:
Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully-integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes.

Headquartered in San Diego, MCT also has California offices in Healdsburg and Los Angeles, as well as sites in Dallas and Philadelphia. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style, hands-on engagement clients value. For more information, visit https://mct-trading.com/ or call (619) 543-5111.

About HousingWire:

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 40,000 newsletter subscribers daily and over 4 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit www.HousingWire.com.

Twitter:
@mcttrading

Hashtags:
#PhilRasori #SecondaryMarketingSoftware #TradeAuctionManager #BidAuctionManager #TechTrendsetters

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

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

Business, Free News Articles, Product Launches

New MCTlive! Mobile App Puts Secondary Marketing at Lenders’ Fingertips

SAN DIEGO, Calif. -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, debuted a new MCTlive! mobile application at its MCT Exchange client conference last Friday. The app enables secondary marketing managers to review reporting, manage loan pipelines, and conduct whole loan trading from the convenience of their mobile phone.

The mobile application provides a new access point to MCT's cloud-based capital markets software platform, MCTlive!, and is now available in the Apple App Store.

The MCTlive! mobile app allows users the flexibility to manage essential secondary marketing activities on-the-go. Users can check pipeline coverage, send bid tapes for pricing, conduct best execution analysis, commit loans to investors or agencies, review reporting, and much more.

"Where some providers claim to put secondary marketing in the hands of their customers, MCT literally puts it in their hand," said Phil Rasori, COO of MCT. "The MCTlive! mobile app is the first in a series of new innovations allowing users to do their jobs on-the-go. In an industry marked by consistent change, you need technology that allows you to change with it. That's why we've launched a native iPhone app: because market changes don't wait for you to get to the office."

The new mobile app received a warm welcome at MCT Exchange, where over three hundred lenders and partners reacted to its video debut with applause and a buzz of anticipation.

"I'm excited about managing secondary marketing with the MCTlive! mobile app," shared Andrew Stringer, Director of Capital Markets at First Bank. "As a busy professional and a new dad, the ability to react quickly to market changes whether I'm at a branch, a conference, or a coffee shop is a huge game changer."

The mobile app is the latest in a series of innovations designed to improve the efficiency and profitability of secondary marketing for lenders. Other recent innovations include Trade Auction Manager (TAM) and Bid Auction Manager (BAM), which were designed to automate TBA trading and whole loan trading, respectively.

Those interested in learning more about the MCTlive! mobile application features, benefits, or how to begin using the application, are encouraged to contact MCT for more information.

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully-integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, MCT also has California offices in Healdsburg and Los Angeles, as well as sites in Dallas and Philadelphia. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style, hands-on engagement clients value.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Twitter: @mcttrading

Hashtags: #MortgageHedgeAdvisory #SecondaryMarketingSoftware #MCTlive! #MCTlive!Mobile

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

Related link:

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

Business, Construction and Building, Free News Articles, Real Estate

All Roads to Lead to Orchid Bay with the Announcement of Belize’s $50 million Corozal-Sarteneja Road Project

SAN DIEGO, Calif. -- The Belize Tourism Board recently released its first half of 2019 tourism figures which showed a 6 percent increase in overnight visitors over 2018, says Legacy Global Development. Additionally, the Government of Belize announced that construction would begin next month on the $50 million Corozal-Sarteneja Road Project.

With Belize's significant tourism growth and the country's investment in new developments, Legacy Global Development, the developer of the luxurious Orchid Bay community, shares its insight on why now is a good time to buy real estate in Belize. Read about it in their latest blog post titled, "All Roads Lead to Orchid Bay."

"There's no doubt that Belize is one of the fastest-growing tropical vacation destinations in the world, offering visitors a mix of diverse cultures, eco-tourism, spectacular natural beauty, adventure, and ancient historical sites," said Chris Williams, CEO of Legacy Global Development. "As Belize tourism is booming, real estate sales are also prospering. We've experienced record home sales at Orchid Bay this year, with a total of 18 homes going under contract between January and July."

As tourism and real estate continue its upward trend, Belize is making a significant investment in new developments. The latest is the $50 million Corozal-Sarteneja Road Project, which also includes the construction of the Pueblo Nuevo and Laguna Seca bridges. Ground is expected to be broken on the project in mid-October.

This latest development will significantly improve the transportation network in Northern Belize, and will positively impact the country's overall growth and prosperity. For residents and visitors of Orchid Bay, it paves the road and installs bridges between Orchid Bay, Corozal, and Sarteneja, which will provide quicker and easier access to get to the property and to travel within the country. The regional airport in Northern Belize will be only minutes away.

The Sarteneja Road project is just one of several projects underway this year in Belize. In 2012, the government launched the National Sustainable Tourism Master Plan (NSTMP), which became the strategic guideline for tourism development in Belize up to 2030.

New developments in 2019 that fall under NSTMP include the Orange Walk Heritage Trail Project, the construction of a 50-person capacity, octagon-shaped shed at St. Herman's Blue Hole National Park, and the Boca del Rio project, which is the beachfront construction of a 10,000-square foot swimming area and seawall in San Pedro.

Additionally, construction has started this month on the new Caye Caulker Craft Market, which is part of Belize's strategic plan to enhance its tourism product for the enjoyment of both visitors and Belizeans alike and also to promote Belize's cultural appeal.

As Belize continues to show impressive growth as a top travel destination, and tourism improvements continue to move forward, especially in Corozal, the Northern region where Orchid Bay is located, it presents an excellent opportunity for real estate investors, retirees, and vacation homeowners who are choosing to buy homes in Belize.

Developed by Legacy Global Development, Orchid Bay is a gated community located on the Bay of Chetumal. It offers homeowners exquisite scenery, first-class amenities, and modern conveniences. And now, with the new Corozal-Sarteneja Road Project, residents will have quick and easy access to the best of Belize's offerings.

Orchid Bay's master plan calls for a series of canals and basins for easy navigation around the community, first-world infrastructure, and 10 percent green space set aside. Buyers have many types of homes to choose from, including Beachfront Condominiums, Waterway Villas, and Bungalows.

You can read the full article about the new paved highway in Northern Belize here: https://blog.orchidbaybelize.com/blog/all-roads-lead-to-orchid-bay
To learn more about the Orchid Bay, Belize visit https://orchidbaybelize.com, call (877) 959-9646 or email hello@legacyglobaldevelopment.com.

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