San Diego Business
Bank of Southern California Recognized as a Top Small Business Lender
SAN DIEGO, Calif. — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) has been recognized as a top small business lender in San Diego County based on the volume of SBA 7(a) loans originated according to the San Diego District Office of the U.S. Small Business Administration’s fiscal year-end lender rankings as of July 31, 2016….
Bank of Southern California Completes Acquisition of Opus Bank Branch
SAN DIEGO, Calif. — Bank of Southern California, N.A. (OTC Pink: BCAL) has completed the purchase of the deposits of the La Quinta branch of Opus Bank. The transaction closed on Friday, August 19, 2016. Customers of the Opus Bank La Quinta branch were consolidated into the existing La Quinta branch of Bank of Southern California. As of Monday, August 22, 2016, the former Opus Bank La Quinta customers now have access to all Bank of Southern California locations, including three Coachella Valley branches located in La Quinta, El Paseo-Palm Desert, and Rancho Mirage….
Arrakis Arts Opens in Carlsbad, California
CARLSBAD, Calif. — A grand opening event on August 10 hosted by the Carlsbad Chamber of Commerce celebrated a new addition to the Carlsbad arts community – Arrakis Arts; a unique art gallery and lifestyle space that features objects and events to promote self-awareness and enhance personal intuition while stimulating the mind and soul….
ReverseVision Integrates with Informative Research to Expand Credit Report Options for RV Exchange (RVX) LOS Users
SAN DIEGO, Calif. — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, announced it has completed its integration with Informative Research, one of the nation’s oldest and largest credit reporting agencies. The integration makes it faster and easier for users of RV Exchange (RVX) loan origination software (LOS) to order Premier Credit Report, Informative Research’s version of the tri-merge credit report that has become the mortgage industry standard….
New American Funding Reverse Mortgage Operation Builds Out 47-State Footprint with ReverseVision RVX
SAN DIEGO, Calif. — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, is pleased to announce that Tustin, California-based national mortgage lender New American Funding is expanding its reverse mortgage lending operation to 47 states using the RV Exchange (RVX) loan origination software (LOS)….
The Mortgage Collaborative Adds Twelve Providers to Preferred Partner Network
SAN DIEGO, Calif. — The Mortgage Collaborative, an independent mortgage lending cooperative, today announced the formal approval of twelve new preferred partner companies to their national network, announced the Collaborative’s EVP of National Sales and Strategic Alliances, Rich Swerbinsky….
New Gun Technology Combines Safety with Unmatched Accessibility
SAN DIEGO, Calif. — Safety first is not just a tagline, it’s the name of a new start-up company, Safety First Arms, LLC, that’s created a new gun technology designed to prevent unnecessary tragedy. Even with only a prototype, the company has already secured orders from two gun shops for more than $1 million for its Smart 2 pistol….
Veteran Reverse Mortgage Educator Dan Hultquist Joins ReverseVision as Director of Learning and Development
SAN DIEGO, Calif. — ReverseVision, the leading provider of software and technology for the reverse mortgage industry, has hired industry educator Dan Hultquist as director of learning and development. In this role, Hultquist will apply his experience in originating loans and working with retirement advisors to help ReverseVision bring a range of products, financial tools and educational techniques to the industry, ultimately driving volume growth….
Bank of Southern California Provides $5 Million in Financing to OWB Real Estate Holdings, LLC
SAN DIEGO, Calif. — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that it has provided $5 million in financing as senior lender in part of a larger financing arrangement for OWB Real Estate Holdings, LLC. The financing was a combination of bank borrowing, and loans secured through the Federally backed New Market Tax Credit program. The financing provided funds used for the acquisition of land, improvements, and equipment of a shuttered beef slaughter and processing plant in Brawley, Calif., formerly operated by National Beef….
Evolve Bank & Trust Selects ReverseVision Exchange (RVX) Loan Origination Software
SAN DIEGO, Calif. — ReverseVision is pleased to announce that Memphis, Tennessee-based Evolve Bank & Trust (Evolve), a full-service commercial bank and mortgage lender serving customers and communities nationwide, has selected RV Exchange (RVX) reverse mortgage loan origination software (LOS)….