San Diego Business
The Mortgage Collaborative Announces Addition of FirstBank Mortgage as the First Reverse Lender to Their Preferred Partner Network
SAN DIEGO, Calif. — The Mortgage Collaborative, the nation’s only independent mortgage cooperative, announced a new partnership with reverse mortgage lender FirstBank Mortgage. The new relationship with FirstBank Mortgage’s Senior Lending Division, adds the first lender specializing in reverse mortgage lending to The Mortgage Collaborative’s preferred partner network. FB Financial Corporation (NYSE:FBK) is the holding company for FirstBank….
Mortgage Capital Trading Integrates its MCTlive! Secondary Marketing Software with Fannie Mae’s Pricing & Execution – Whole Loan Application
SAN DIEGO, Calif. — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced the release of new online functionality that automates the process of product selection and delivery of loan commitments directly to Fannie Mae for MCT’s lender clients. The new solution, which was developed as part of MCT’s ongoing technology collaboration with Fannie Mae, is called Rapid Commit(TM) and resides within MCT’s award-winning secondary marketing platform, MCTlive!(TM)….
ReverseVision Partners with Premier Reverse Closings (PRC) to Streamline Title Ordering for Home-Equity Conversion Mortgages
SAN DIEGO, Calif. — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, has forged a partnership with Premier Reverse Closings (PRC), a title and settlement firm specializing in reverse mortgage closings. A new integration between the companies’ software allows users of ReverseVision’s flagship RV Exchange (RVX) loan origination system (LOS) to order title services from PRC without ever leaving the RVX system….
The Mortgage Collaborative Notches 20 Percent Growth in Lender Membership since Q1
SAN DIEGO, Calif. — The Mortgage Collaborative, the nation’s only independent mortgage cooperative, today announced that they have reached another milestone, adding 20 new lender members since their August summer conference in Nashville. This brings the Collaborative’s membership total to 120 and an annual aggregate origination volume of $210 Billion….
Norcom Mortgage Names ReverseVision Its Provider of Choice for End-to-End HECM Technology
SAN DIEGO, Calif. — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that Norwich Commercial Group, Inc. dba Norcom Mortgage (Norcom) has selected ReverseVision as its provider of choice for end-to-end HECM technology….
Mortgage Capital Trading’s Bulk Acquisition Manager™ Technology Achieves 100 Percent Investor Adoption
SAN DIEGO, Calif. — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has gained unprecedented industry-wide technology adoption among the investor aggregator community. MCT officially unveiled the Bulk Acquisition Manager(TM) (BAM) within its capital markets software platform, MCTlive!, in July of this year….
The Mortgage Collaborative Expands Metrics-Driven Lender Collaboration Lab Initiative
SAN DIEGO, Calif. — The Mortgage Collaborative, the nation’s only independent mortgage cooperative, recently announced details surrounding the continued expansion of their Collaboration Lab initiative. Launched in the spring of 2017, TMC’s Collaboration Labs offer their Lender Members the opportunity to participate in day and a half long “deep-dive” networking sessions with peers….
The Mortgage Collaborative Announces Addition of PHH Mortgage to Preferred Partner Network
SAN DIEGO, Calif. — The Mortgage Collaborative, the nation’s only independent mortgage cooperative, today announced a new strategic partnership with PHH Mortgage, a leading subservicer and portfolio retention provider. The new relationship with PHH Mortgage adds an experienced, best-in-class subservicer to their preferred partner network….
The Mortgage Collaborative Unveils New Lender Member Benchmarking Solution
SAN DIEGO, Calif. — The Mortgage Collaborative, the nation’s only independent mortgage cooperative, has released its monthly benchmarking solution to its Lender Members. The first reports were made available this month and will be provided to participants on a month-to-month, real-time basis….
Mortgage Capital Trading Again Named Best Places to Work – for the Sixth Year Consecutive Year
SAN DIEGO, Calif. — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it earned a spot on the San Diego Business Journal’s (SDBJ) Best Places to Work list for the sixth year in a row….