- September 26, 2008
Senior Lending Network CEO, David Peskin, and Suffolk County Legislator Steve Stern Join Together to Celebrate National Aging in Place Week
MELVILLE, N.Y., September 25, 2008 – Senior Lending Network®, a program of World Alliance Financial Corp. and a leader in reverse mortgages, announced today that chief executive officer, David Peskin and Steve Stern, Suffolk County Legislator for the 16th Legislative District and chairman of the Veterans and Seniors Committee, will be participating with the National Aging in Place Council (NAIPC) to celebrate National Aging in Place Week from October 13 through October 19. Mr. Peskin and Legislator Stern will be holding seminars throughout Suffolk County, NY to provide increased awareness for senior independent living.
The seminars are scheduled for:
Date: Wednesday, October 15, 2008
Time: 10:00am - 12:00 p.m.
Location: Rose Caracappa Senior Citizens and Wellness Center, 739 Route 25A, Mount Sinai, NY
Date: Thursday, October 16, 2008
Time: 10:00am- 12:00 p.m.
Location: Huntington Senior Center, 423 Park Avenue, Huntington, NY
- September 24, 2008
Inlanta Mortgage Announces Expansion into Indiana, Missouri and North Dakota
New opportunities presented for mortgage professionals
Waukesha, Wis., September 24, 2008 – Inlanta Mortgage, a mortgage banker and broker since 1993, announces it has expanded into three additional states: Indiana, Missouri and North Dakota. Despite the slow mortgage market, Inlanta Mortgage has succeeded in growing its business, and is actively seeking the addition of partner branches in these states.
“From our continued growth and expansion into additional states, we are able to provide increasing opportunities for our mortgage professionals, partner branches and the customers they serve,” said Joe Ramis, Branch Recruitment Director at Inlanta Mortgage. “We encourage mortgage professionals to learn about our offerings, including how we allow them to originate more and worry less, and invite them to become a part of our growth into Indiana, Missouri and North Dakota.”
Inlanta Mortgage, previously First Choice Mortgage (also known as Inlanta Mortgage Group, Inc., and Tradition Mortgage), has partner branches in Florida, Illinois, Iowa, Michigan, Minnesota and Wisconsin. Beyond bringing on more partner branches in these states and developing a strong presence in Indiana, Missouri and North Dakota, the company has plans for expansion into additional states in the future.
Inlanta Mortgage provides mortgage professionals with the opportunity to join a company that reflects high standards of quality in the mortgage industry. In the current, somewhat unsteady mortgage market, Inlanta Mortgage has remained stable and continued to grow, adding more and more branches to serve mortgage professionals and borrowers. The company’s structure allows for its partner branches to focus on originating loans while the headquarters provides comprehensive, timely and accurate support in compliance, processing, technology, human resources, training, accounting, marketing, legal and in-house funding.
For more information about Inlanta Mortgage’s branch partnership opportunities, please contact Joe Ramis at 262.650.9545 ext. 115.
- September 18, 2008
Etrafficers to Offer Daily Rates from Flagstar Bank
New rate service free to all Etrafficers’ customers
PROVO, Utah — September 16, 2008 — Etrafficers, Inc., a leading provider of mortgage leads and websites, and Flagstar Bank, one of the country’s leading originators of residential mortgage loans, have teamed up to provide Real-time Rates, a new service for Etrafficers’ customers.
With rates automatically updated by Flagstar every day, Etrafficers’ customers will save significant time and free themselves from the constant challenge of staying current with rates so that they can pursue more profitable activities.
Originators who use Real-time Rates can also dramatically improve their web presence, increase the time that visitors spend on their websites and put themselves in a better position to capture more loan applications from website visitors. “This service will save originators up to 65 hours per year,” said Jason Stewart, sales managers at Etrafficers. “Even better, it will drive more business to them via their websites.”
- September 18, 2008
lendingSTAT.com Launches signSTAT and VendorPRO, The First On-Demand Technology Solutions for the Signing Service/Mobile Notary Management Process of Closing a Loan and Offers it in a Software-as-a-Service (SaaS) Model to Help Customers Cut Costs.
Fresno, CA – September 18, 2008 – lendingSTAT.com, On-Demand Software-as-a-Service (SaaS) solutions provider for the lending industry, today announced that signSTAT and VendorPRO are live to all the settlement service, title, lender, broker and mobile notary companies in the US. National or regional settlement services, title offices, lenders and brokers can now use signSTAT to manage their signing service/mobile-notary line of business. VendorPRO is a tool for mobile notary and attorney vendors to receive and manage work orders submitted by the customers using signSTAT.
The signSTAT and VendorPRO applications work together seamlessly. signSTAT customers or their clients input their loan signing work orders online and connect them with the mobile notaries and attorneys, who use VendorPRO, to collaborate together during the closing of a loan. Online ordering, real-time updates, secure electronic loan document delivery to vendor, executed documents delivery tracking via FedEx/UPS and more via a user-friendly Adobe Flex based rich internet application (RIA).
- September 17, 2008
Calyx Software Implements New FHA Loan Documents in Point 6.2
--Enhancements include mandatory FHA loan documents and disclosures--
DALLAS, Sept. 17, 2008 – Calyx SoftwareÒ, the mortgage industry’s leading provider of loan origination and processing software, announced the release of PointÒ version 6.2. The latest version of the Point application is fully compliant with recent FHA changes that include the new forms required for all FHA loans beginning October 1, 2008.
Point 6.2 features the new FHA Loan Underwriting and Transmittal Summary form as well as the FHA HUD/VA 92900 addendum form. The FHA Loan Underwriting and Transmittal Summary form replaces both the FHA Mortgage Credit Analysis Worksheet Purchase Money Mortgages (MCAW) (HUD-92900-PUR) and FHA Mortgage Credit Analysis Worksheet (HUD-92900-WS). The FHA HUD/VA 92900 Addendum has also been updated with mandatory changes including signature lines for co-borrowers and new required verbiage. The new forms enable Point users to process an FHA loan more efficiently through Point. Users can easily print and send documents directly to the lender in a timely fashion.
- September 16, 2008
NetMore America Names Scott Holtz New Regional Vice President Eastern Region To Facilitate Build Out Of National Lending Platform
WALLA WALLA, WASHINGTON - (September 16, 2008), NetMore America, Inc. (“NetMore”), an expanding mortgage lender, announced today the hiring of Scott Holtz as Regional Vice President Eastern Region to help manage the Company’s growth and move NetMore’s objective of building a national sustainable lending platform forward. Mr. Holtz joins NetMore with more than 24 years of mortgage industry experience and proven accomplishments in building sales teams and branch operations.
- September 09, 2008
New Mortgage Service Providers Added to Calyx Software Network
SAN JOSE, Calif., Sept. 10, 2008 – Calyx SoftwareÒ, the mortgage industry’s leading provider of loan marketing, originating and processing software, has expanded The Calyx NetworkÒ with a new network interface update. The September Calyx Network Interface update contains a new connection to two additional mortgage service providers. The Calyx Network allows users of Calyx Software’s PointÒ loan origination software to connect directly with lenders and mortgage service providers, automating data exchange and streamlining the loan origination process.
Updates are automatically installed into Calyx Point, and new providers are added to the application on a bi-monthly basis. The Calyx Network Interface update is automatically installed into Point versions 5.4 and higher when users open their software and connect to the Internet.
The following mortgage service providers have joined The Calyx Network:
· Lenders
o LendingClub Personal Loans
· Closing Documents
o DeedPro
- August 30, 2008
TRILOGY COMMERCIAL LENDING APPOINTS DAVE LILLEY AS SALES SUPPORT MANAGER
ORLANDO, Fla. (August 18, 2008) – Wholesale commercial lender, Trilogy Commercial Lending, LLC announced today that Dave Lilley has been appointed Sales Support Manager. In this role Dave will be responsible for facilitating production activities through the development, implementation, and management of support processes, policies, and staff.
- August 25, 2008
SearchMyLoan.com Announces Partnership with CMG Mortgage
PORT WASHINGTON, N.Y., Aug. 25, 2008 – SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced a strategic alliance with San Ramon, Calif.-based CMG Mortgage, a national lending firm providing both mortgage banking and mortgage brokerage services.
Through this joint venture, CMG Mortgage’s loan products are available to originators through SML’s search and pricing platform, giving originators access to CMG’s wholesale loan products and its new Home Ownership Accelerator® loan program. The Accelerator combines the borrower’s checking, home loan and home equity line accounts into a single loan account that automatically transfers all deposited cash against the loan balance each day in order to save mortgage interest.
- August 21, 2008
NetMore America Appoints Forward Thinking Mortgage Industry Leader Lisa Schreiber As Chief Strategy Officer
NetMore America, Inc (NetMore), a next generation mortgage leader building a sustainable national platform through responsible lending, announced today the addition of Lisa Schreiber to it’s executive management team as the Company’s new Chief Strategy Officer. In this position, Lisa will be responsible for defining and implementing the Company’s vision and strategy.
- August 15, 2008
Senior Lending Network Loan Saves 72-Year-Old Woman from Foreclosure
--Reverse mortgage allows senior to avoid eviction--
MELVILLE, N.Y., August 15, 2008 – Senior Lending Network®, a program of World Alliance Financial Corp. and a leader in reverse mortgages, announced today that a Senior Lending Network loan has officially saved a 72-year-old woman from foreclosure.
Detroit resident, Rubie Curl-Pinkins, came to the Senior Lending Network for a reverse mortgage to save her from eviction after the bank who owned her mortgage began proceedings to foreclose on her home.
Ms. Curl-Pinkins and her husband lived in their home, situated several blocks from the well-known Motown Museum, for 45 years raising their five children. For 29 years, Ms. Curl-Pinkins was employed at Henry Ford Hospital. Her failing health along with medical problems relating to one of her children created mounting healthcare bills that caused her to fall behind in her home payments. Earlier this month, Rubie Curl-Pinkins faced eviction and crowds protested outside the financial institution holding her loan.
- August 13, 2008
Senior Lending Network Continues to Grow at Melville Headquarters
--Reverse mortgage leader prospers on Long Island due to strong workforce--
--Donates to Long Island Works Coalition--
MELVILLE, N.Y., August 13, 2008 – Senior Lending Network®, a World Alliance Financial Corp. program and an industry leader in reverse mortgages, held a press conference and open house on August 6 to celebrate the completion of their new state-of-the-art offices at its headquarters in Melville, NY. The event featured a welcome reception, tour of the facility and a $5,000 donation to the Long Island Works Coalition.
David Peskin, chief executive officer of Senior Lending Network, provided an introduction to the event, speaking about the highly educated, experienced and motivated workforce on Long Island and how it has contributed to the success of the company. Honored guest speakers included Congressman Steve Israel, Representative from the 2nd District of New York, Matt Crosson, president of the Long Island Association, and Steven Stern, Suffolk County Legislator and elder-care attorney. Additional speakers included two Senior Lending Network employees who discussed living and working on Long Island and their experiences at such a fast-growing company.
- August 11, 2008
First Houston Announces Residential Mortgage Consultants as New Affiliate
HOUSTON, Aug. 12, 2008 – First Houston Mortgage, a mortgage-banking firm licensed in 20 states that offers expertise in every aspect of the residential mortgage lending process, announced Residential Mortgage Consultants (RMC), a lender serving the St. Louis area for more than 10 years, as its latest affiliate branch.
- August 01, 2008
Byte Software Releases BytePro 3.0
Version 3.0 features a customizable dashboard, support for FHA risk-based premiums and
other enhancements
KIRKLAND, WA – Byte Software, a leading provider of software for banks, credit unions and
mortgage brokers, has released version 3.0 of BytePro, its flagship loan origination software.
Version 3.0 contains a customizable dashboard, automatic calculations for FHA risk-based
premiums, the new FHA loan transmittal form (92900-LT), a dozen new partner interfaces and
enhanced validation rules.
The customizable dashboard in BytePro 3.0 keeps pipeline and other loan information at
the fingertips of managers and other software users. The dashboard is completely customizable
and can display not only grids of data, charts and graphs, but Web sites as well. Up to ten
dashboard items can be set up in advance and up to four items can be displayed side-by-side.
The dashboard items are customizable on a user-by-user basis so that different types of users
can view the information that is most important to them. For instance, a branch manager may
want to see a pipeline report broken out by loan officer, while a loan processor can set up a
processing report showing order outs, verifications and other documents that are past due.
BytePro version 3.0 is fully compliant with recent FHA changes. The software - July 31, 2008
SearchMyLoan.com Announces Strategic Alliance with JMAC Lending
Lender’s extensive loan programs now available through pricing and search engine
PORT WASHINGTON, N.Y., July 31, 2008 – SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced a strategic alliance with Huntington Beach, Calif.-based JMAC, a lender offering diversified product lines and competitive pricing to the wholesale funding market.
Through this partnership, JMAC’s loan products are integrated into SML’s search engine, granting users access to its assortment of prime, FHA and Alt-A. Inclusion on the SML platform speeds up the origination process and enables loan officers to offer a wider variety of products to borrowers.
- July 30, 2008
Key Highlights of the Housing and Economic Recovery Act:
Key Highlights of the Housing and Economic Recovery Act:
· Effective Jan. 1, 2009, higher permanent loan limits for conventional conforming and FHA; limits to increase to a maximum amount or ceiling of $625,500, depending on the formula for each metropolitan area. Note: The temporary limits established in March will expire on Dec. 31, 2008.
· FHA floor limits will remain the same at $271,050.
· The VA guaranty will increase.
· Minimum cash investment for FHA loans will increase to 3.5%.
· A moratorium on risk-based pricing for FHA loans, effective Oct. 1, 2008, as indicated in the Act.
· Elimination of Seller-funded Down Payment Assistance Programs with FHA loans, effective Oct. 1, 2008, as indicated in the Act.
· Condo processing for FHA loans will be streamlined (timeline TBD).
- July 29, 2008
First Houston Announces Mid America Mortgage Consultants as New Affiliate Branch
HOUSTON, July 29, 2008 – First Houston Mortgage, a mortgage-banking firm licensed in 20 states that offers expertise in every aspect of the residential mortgage lending process, announced the addition of St. Louis-based Mid America Mortgage Consultants, a mortgage lender that serves the entire state of Missouri, as its newest affiliate branch.
As an addition to First Houston, Mid America Mortgage Consultants is provided with full access to First Houston’s enhanced loan pricing, cohesive paperless lending platform, complete in-house underwriting system and its offshore facility in India, which offers additional loan processing support. All of these resources enable Mid America Mortgage Consultants to expand market share by offering its customers more competitive rates, speeding loan closings, expanding product offerings and reducing operating costs.
- July 16, 2008
SearchMyLoan.com Offers Mortgage Insurance Through Loan Search and Pricing Engine
PORT WASHINGTON, N.Y., July 16, 2008 – SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced it is now offering users of its loan search and pricing engine the ability to identify mortgage insurance products.
The search and pricing engine’s mortgage insurance (MI) feature enables loan officers to locate insurance companies within seconds of any loan search, allowing users to see which MI company will approve the loan and/or whether lender-paid MI is available.
The feature was added to address a challenge that originators face when identifying the loans that include insurance backing. Originators now can enter the loan scenario into the system, obtain the suitable product and programs and click on a “MI” button to find insurance company matches.
- July 15, 2008
FIRST AMERICAN CREDCO INTRODUCES NEW RED FLAG SOLUTION
—Offers Red Flag Compliance & Solution Guide Free—
First American CREDCO, the leading provider of specialty credit reports to the mortgage and consumer finance industries and part of First Advantage Corporation (NASDAQ: FADV), today introduced its all-new Red Flag Solution – a combination of consumer information solutions to help U.S. lenders and brokers comply with the Red Flags Rule, which went into effect January 1, 2008. As part of a special promotion to educate mortgage professionals and ease the compliance burden, the company is also offering a free copy of First American CREDCO’s Red Flag Compliance & Solution Guide, while supplies last.
First American CREDCO’s Red Flag Solution combines several powerful information tools to help satisfy certain obligations under the new Red Flags Rule. Key components of the Red Flag Solution include:
Fraud Analysis: Provides a window into the quality of loan application data coming in through one or more origination channels.
- July 15, 2008
Imperial Capital Bancorp, Inc. Reports Earnings for the Quarter and Six Months Ended June 30, 2008
Company Release - 07/15/2008 20:52
LA JOLLA, Calif., July 15 /PRNewswire-FirstCall/ -- Imperial Capital Bancorp, Inc. (NYSE: IMP) today reported net income for the quarter ended June 30, 2008,
primarily resulting from the operations of its wholly-owned subsidiary, Imperial Capital Bank (the Bank), of$2.4 million or $0.43 per diluted share compared to $6.0
million or $1.08 per diluted share for the same period last year. President and Chief Executive Officer George W. Haligowski stated that: "I'm encouraged by our
second quarter results. We've been able to remain profitable throughout this prolonged banking crisis, and have consistently increased our book value per share
and maintained our capital ratios above the 'well capitalized' thresholds. During the quarter, we've continued to focus on identifying and addressing credit related
matters and maintaining adequate reserves to absorb any inherent losses. As a result, we recorded a provision for loan losses of $6.3 million during the quarter
and increased the ratio of our allowance for loan loss to total loans to 1.73% as compared to 1.51% and 1.38% at December 31, 2007 and June 30, 2007,
respectively."
Net interest income before provision for loan losses increased 13.5% to $24.8 million for the quarter ended June 30, 2008, compared to $21.8 million for the same - July 11, 2008
FIRST AMERICAN CREDCO SUPPORTS UPDATED FHA RISK-BASED-PREMIUM CREDIT ASSESSMENT
—Instant Merge® and Anthem Suite® Exceed Guidelines for Credit Reporting,
Decision Credit Score and Non-Traditional Credit—
First American CREDCO, the leading provider of credit reports to the mortgage and consumer finance industries and part of First Advantage Corporation (NASDAQ: FADV), today announced that its Instant Merge® and Anthem Suite® product solutions exceed certain guidelines for the updated Federal Housing Administration (FHA) Credit Reporting Requirements for FHA Mortgage Insurance Risk-Based Premiums calculations. Specifically, the products meet or exceed requirements for credit reporting, scoring and non-traditional credit compilation and verification.
- July 08, 2008
Del Mar DataTrac and Loan-Score Enhance Customer Value Through Business Partnership
Demand for seamless integration drives technology firms to team up
SAN DIEGO and IRVINE, CA, July 8, 2008 – Loan-Score Decisioning Systems, an emerging leader in enterprise-class pricing and automated underwriting solutions, and Del Mar DataTrac® (DMD), an established loan origination and processing system, announced today that they have completed an enhanced nine-point seamless integration between Loan-Score’s automated underwriting system (AUS) and DMD’s mortgage banking automation solution DataTrac® .
The integration is bi-directional and enables the two systems to automatically talk to one another, updating conditions and loan-level status in real-time using advanced Web services. Loan-Score’s Web-based pricing engine and AUS serves as the point-of-sale decisioning solution, while DataTrac remains as the core system of record and workflow management solution for the fulfillment process.
- July 02, 2008
SearchMyLoan.com Announces Integration with Calyx Point
- Enables loan officers to search and price loan products directly through LOS system -
PORT WASHINGTON, N.Y., July 2, 2008 – SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced a strategic integration with San Jose, Calif.-based Calyx Software’s Pointâ software.
Through this seamless integration, SearchMyLoan.com provides access to more than 13,000 lender products and programs to Point users. Subscribers can get immediate answers to loan scenarios from their preferred lenders and investors without leaving the loan file in Point.
By directly accessing borrower credit information and utilizing the credit analysis tools provided by SearchMyLoan.com within the Calyx Network, loan originators can review multiple loan scenarios to accurately determine a borrower’s eligibility. The pricing information enables originators to decide the most appropriate product to offer a borrower.
- June 25, 2008
SearchMyLoan Announces Upgrade to Loan Pricing and Search Engine
- Improved features and functionality yield more accurate, comprehensive loan searches -
PORT WASHINGTON, N.Y., June 25, 2008 – SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced upgrades to its loan pricing and search engine for easier navigation and improved accuracy during loan searches.
New features include an added welcome screen informing users of enhancements, changes, lender statuses and general messaging; divided search screens into basic and advanced searching capabilities; and messaging features included to assist users with obtaining better results by guiding users to the most appropriate fields for highly accurate criteria.
Additional modifications include an enhanced search criteria summary for easier readability, a save search alert that prompts users to periodically save the search information using a dialogue box; and an added lender preference selection section, enabling users to choose with greater ease a specific lender as well as the desired channels.
- June 25, 2008
First Houston Announces Cascade Mortgage as New Affiliate
HOUSTON, June 25, 2008 – First Houston Mortgage, a mortgage-banking firm licensed in 20 states that offers expertise in every aspect of the residential mortgage lending process, announced Cascade Mortgage, a Vancouver, Wash.-based mortgage lending and financial services firm, joined First Houston’s network of affiliated offices.
As an extension of First Houston, Cascade is able to integrate First Houston’s suite of products, services and technology into it’s own business practices. These services include a unified paperless lending platform; complete in-house underwriting system; electronic signature capability; competitive rates and a paperless file management system. Cascade Mortgage also gains access to First Houston’s offshore operations facility in India for loan processing assistance.
- June 23, 2008
Fiserv Unveils Tools to Help Keep Borrowers in Their Homes as Delinquencies Reach Record Levels
Fiserv PRISM and Home Retention Solutions assist banks with identifying and contacting borrowers at risk
Brookfield, Wis., June 23, 2008 — Fiserv, Inc. (NASDAQ: FISV), a leading provider of information technology services to the financial and insurance industries, today announced the release of preemptive mortgage default resources including, Predictive Risk Index Score Modeling (PRISM) and Home Retention Solutions, that enable financial institutions to proactively identify and contact troubled borrowers with customized repayment solutions to try to keep them out of foreclosure.
According to the Mortgage Bankers Association (MBA), the rate of foreclosure starts and the percent of loans in the process of foreclosure are the highest recorded since 1979. The number of homes in the foreclosure process or delinquent on payments is 8.82 percent (6.35 percent past due but not in foreclosure plus 2.47 percent in foreclosure). When faced with mortgage delinquency, due to high debt-to-income ratios, minimum payment resets on adjustable rate mortgages, rising living expenses or job losses, many borrowers fail to contact their financial institutions. Often borrowers avoid discussions with their mortgage lenders until after they have missed several payments, a situation that increases the possibility of foreclosure. Fiserv PRISM and Home Retention Solutions focus on helping financial institutions forecast delinquencies, before defaults occur, and provide expanded customer care to proactively offer refinancing and negotiate workable resolutions. - June 23, 2008
Byte Software Announces New Partner Interface Program
ByteLink provides access to a wide range of service providers
KIRKLAND, WA – Byte Software announces the launch of ByteLink, a new partner interface
program that facilitates the ordering of real estate settlement services from within BytePro, its
flagship loan origination software. ByteLink enables providers of credit reports, title reports,
flood determinations, appraisals and other services to embed their services directly within
BytePro, making those services instantly available to tens of thousands of mortgage
professionals. - June 16, 2008
Lender Lead Solutions to Capitalize on Senior Lending Network Name
--Partners to benefit from consumer brand awareness--
MELVILLE, N.Y., June 16, 2008 –Lender Lead Solutions, a leading reverse mortgage lender, today announced its plans to change the company name to Senior Lending Network. As the company’s consumer brand, Senior Lending Network has become one of the most recognizable names in the reverse mortgage industry and is rapidly becoming a household name as reverse mortgages gain in popularity.
Senior Lending Network’s highly successful national consumer education campaign, which features spokesperson and legendary actor, Robert Wagner, was first established in 2004 and since that time has educated more than 1 million consumers on the benefits of reverse mortgages. - June 11, 2008
SearchMyLoan.com Announces Alliance with Prysma Lending Group
- Focused search and pricing capabilities speeds origination process -
PORT WASHINGTON, N.Y., June 11, 2008 – SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced a strategic alliance with Danbury, Conn.-based Prysma Lending Group, a lending firm specializing in niche loan products.
Through this joint venture, Prysma Lending Group’s loan products are available to originators through SML’s search and pricing platform, giving originators access to its assortment of niche products tailored to meet the unique needs of borrowers, including FHA, non-conforming Alt-A and bank statement loans. The SML platform provides Prysma Lending Group originators a comprehensive search and pricing capability to virtually every loan type available, accelerating the origination process and enabling loan officers to offer a wider variety of products to borrowers. - June 11, 2008
Calyx Software Integrates Hazard Insurance Category Into Point
Automated access to hazard insurance quotes now available through Calyx Network--
SAN JOSE, Calif., June 11, 2007 – Calyx SoftwareÒ, the mortgage industry’s leading provider of loan marketing, originating and processing software, announced a hazard insurance category in the Calyx Network, connecting users of Calyx PointÒ loan origination software with participating hazard insurance vendors. The hazard insurance category is accessed within Point’s services menu.
- June 03, 2008
Lender Lead Solutions Takes Lead on Code of Ethics
--Reverse mortgage leader adopts strict guidelines on ethical advertising, marketing and sales practice and implements training programs to promote best practices--
MELVILLE, N.Y., June 3, 2008 –Lender Lead Solutions, the wholesale division of World Alliance Financial Corp., an industry leader in reverse mortgages, announced today that it has begun adopting the National Reverse Mortgage Lender Association’s (NRMLA) formal Code of Ethics and Ethics Advisory Opinion 2008-1 and 2008-2 for its members. Together these policies elevate and promote the needs of seniors above all else in discussions about reverse mortgages and clearly define standards for ethical advertising, marketing and interacting with seniors. Effective today, the company is requiring that all new members sign an agreement to abide by these policies before beginning a business relationship. All existing members will be required to sign off on an addendum by July 3, 2008.
- May 19, 2008
First Houston Announces Global Financial Services as New Division
HOUSTON, May 19, 2008 – First Houston Mortgage, a mortgage-banking firm licensed in 18 states that offers expertise in every aspect of the residential mortgage lending process, announced Global Financial Services, a Bethesda Md.-based mortgage lending and financial services firm, joined First Houston’s extensive network of branches.
As a result of its affiliation with First Houston, this division strengthens its own operations and efficiencies by integrating First Houston’s breadth of products and services, including a unified, proprietary paperless lending platform; in-house underwriting system; electronic signature capability and paperless file management system. Global Financial Services also receives full access to First Houston’s offshore operations facility in India for loan processing support.
- May 18, 2008
NAHB, Senior Lending Network Join Forces With Rebuilding Together New Orleans to Rebuild Home Damaged by Hurricane Katrina
Home to be Retrofitted with Universal Design, Green Features
---------------------------------------------------------------------------------------------------------
WHEN: Sunday, May 18, 2008, 3:00-4:00 p.m.
WHERE: 1825-27 St. Roch St., New Orleans
*Directions available upon request.
WHO: Robert Wagner, legendary actor and Senior Lending Network spokesperson, Joanne (Jo) Theunissen, Chair, NAHB 50+ Housing Council, Kristen Gisleson Palmer, Director, Rebuilding Together New Orleans
- May 13, 2008
New Mortgage Service Provider Added to Calyx Software Network
--Interface update expands connections to mortgage service providers --
SAN JOSE, Calif., May 13, 2008 – Calyx SoftwareÒ, the mortgage industry’s leading provider of loan marketing, originating and processing software, has expanded the Calyx NetworkÒ with a new network interface update. The May Calyx Network Interface update contains a new connection to an additional mortgage service provider. The Calyx Network allows users of Calyx Software’s PointÒ loan origination software to connect directly with lenders and mortgage service providers, automating data exchange and streamlining the loan origination process. - May 12, 2008
Hollander Financial Selects SearchMyLoan’s Loan Search and Pricing Engine
- Speeds up loan origination process and expands ability to grab market share -
PORT WASHINGTON, N.Y., May 12, 2008 – SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced that Claremont, Calif.-based Hollander Financial, one of the largest financial institutions in Southern California, selected SearchMyLoan.com to provide loan search and pricing services to its loan officers.
As a result of signing on with SearchMyLoan.com, Hollander Financial’s loan originators have access to the SML search engine platform that provides a comprehensive search and pricing capability of virtually every loan type available. Hollander Financial loan products are included on the SML platform, giving loan originators access to its prime, FHA and ALT-A products.
- May 09, 2008
Senior Lending Network Supports GrandRally 2008 in Washington, D.C.
--Reverse mortgage lender partners with national group to lobby for seniors--
MELVILLE, N.Y., May 9, 2008 –Senior Lending Network, the educational program provided by World Alliance Financial Corp., an industry leader in reverse mortgages, announced the sponsorship of the National Committee of Grandparents for Children’s Rights (NCGCR) transportation from New York to the Washington D.C. GrandRally on May 7, 2008. The event, which occurs every two years, is the largest national effort to advocate and lobby for substantial legislative change that protects grandparents and their grandchildren.
The Niche Report is a highly targeted mortgage finance trade magazine nationally circulated every month to 20,000 (with a reach of over 50,000) licensed mortgage brokers, loan officers and mortgage professionals.