- March 20, 2009
CSBS Emphasizes Need for Industry and Supervisory Diversity at Senate Hearing on Regulatory Reform
Washington, D.C. (March 19, 2009) – Joseph A. Smith Jr., North Carolina Commissioner of Banks and Chairman-elect of the Conference of State Bank Supervisors (CSBS), today urged policymakers to remember that the health and effectiveness of our nation’s financial system depends on a diverse and competitive marketplace that includes community and regional institutions.
Testifying before the Senate Banking Committee at the first in a series of hearings on modernizing bank supervision and regulation, Smith pointed out that states charter and supervise more than 70 percent of all U.S. banks, in coordination with the FDIC and Federal Reserve. However, industry consolidation over the past decade has created a system in which a handful of large national banks control the vast majority of assets in the system.
“We have often heard the consolidation of financial regulation at the federal level is the ‘modern’ answer to the challenges of our financial system,” Smith said, “We need to challenge this assumption,” he stated.
- March 20, 2009
Byte Software Announces Electronic Document Management for BytePro
BytePro users will be able to store, view, print and securely e-mail documents directly from
within BytePro at no additional cost.
KIRKLAND, WA – Byte Software, an innovative leader in secure, affordable loan origination
software for banks, credit unions and mortgage brokers announced today the addition of
Electronic Document Management to its BytePro software at the Mortgage Bankers
Association’s National Technology in Mortgage Banking Conference in Las Vegas, Nevada.
Electronic Document Management will be available in both BytePro Enterprise and BytePro
Standard as part of a major software release coming this spring and will be included in the core
software without additional fees for current Byte Software customers. - March 20, 2009
Lenders Adapt to Rapidly Changing Market Conditions with Advanced Technology Platform Mortgage Cadence Assists Lenders with Ability to Handle FHA, Loan Modifications and Reverse Live Pricing
DENVER, March 16, 2009 – Mortgage Cadence, Inc., a leading provider of Enterprise Lending Solutions (ELS) for the financial services industry, has adapted and enhanced its powerful technology platform to assist lenders in dealing with rapidly changing market conditions. Mortgage Cadence Orchestrator’s robust platform, complete with a native rules engine and automated workflow, provides lenders with key technology solutions to handle increased FHA business, Loan Modifications and Reverse Live Pricing.
“At Mortgage Cadence we are committed to meeting the needs of our clients and the mortgage industry. This is especially important during these challenging economic times,” stated Michael Detwiler, Chief Executive Officer of Mortgage Cadence. “Our dynamic technology platform enables lenders to quickly and easily adapt to constantly changing market conditions and inherent opportunities, providing lenders significant ROI for their technology investment.”
- March 13, 2009
Mortgage Spirit Hires New Vice President of Sales and Marketing
- 18-year industry veteran to fuel national sales strategy, secure and manage key accounts; establish long-term strategic partnerships -
DENVER, Colorado, March 16, 2009 – Mortgage Spirit, a Denver-based provider of revenue management and loan search and pricing technologies for the mortgage industry, named Keith Kemph as vice president of sales and marketing.
Kemph’s responsibilities focus on identifying and marketing to business owners in the mortgage banking business to advance the ongoing growth of Mortgage Spirit’s sales division. His role also includes building on the existing client database, marketing and selling to the prospect database, attending industry-focused tradeshows and assisting with the client transition and client setup of Mortgage Spirit’s product and pricing engine.
Prior to joining Mortgage Spirit, Kemph served as national sales manager for Calyx Software where he built and managed sales, marketing and business development strategies for the Calyx Network. Prior to this position, he was the vice president of national sales for First Franklin Financial, a subsidiary of Merrill Lynch, for seven years where he was responsible for the development and deployment of all strategies that drove sales and utilization of all customer-facing software through a sales staff of 650 sales representatives, 60 mid-level managers and 20,000 end users.
- March 13, 2009
Calyx Software Releases Point and Point Central Version 7.0
--Enhancements include wider range of business requirements for bankers as well as brokers--
LAS VEGAS, March 16, 2009 – CalyxÒ SoftwareÒ, a provider of loan marketing, originating, processing and banking software, announced at the MBA Tech Conference the release of PointÒ and Point Central™ versions 7.0.
Point version 7.0 provides a number of new capabilities to improve workflow and increase loan productivity - including central document image storage capabilities for e-loan purposes as well as enhancements to banking screens, title and escrow interfaces and the addition of a new FHA statutory worksheet.
Due to the increased use of e-loans and e-docs, Calyx has integrated a document image storage feature for organizing and storing all of the documents in each Point file. Point automatically encrypts, compresses and associates each document with the loan file, regardless of whether the document is single or one of a group, from within Point or one of its interfaces, or from outside of Point. Externally-generated documents can be scanned and imported, or dragged and dropped, into the Point file, while maintaining an audit trail for each document that shows who created it, what it contains, and the date and time it was created. With its enhanced security, Doc Storage formats email documents into PDF files using 128-bit encryption and individually set passwords for each document in the storage file.
- March 10, 2009
Applied Business Software and Armanino McKenna LLP Certified Public Accountants announce exclusive partnership to provide accounting and consulting services to users of The Mortgage Office.
FOR IMMEDIATE RELEASE
LOS ANGELES, Calif., October 8, 2008 - Applied Business Software Inc. (“ABS”), developer of The Mortgage Office™, the leading loan servicing software solution for the lending industry, and Armanino McKenna LLP Certified Public Accountants & Consultants, the largest California-based CPA firm and one of the top 50 in the United States, announced today that they have formed a strategic partnership to provide a wide range of accounting and consulting services to users of The Mortgage Office™.
Armanino McKenna LLP Certified Public Accountants & Consultants has been serving clients throughout California for over 50 years. As the largest California-based CPA firm and one of the top 50 in the United States, Armanino McKenna along with Josh Nevarez, the partner in charge of the firm's thriving mortgage pool practice, continue to provide a wide range of accounting and consulting services to more California mortgage pool clients than any other firm in the state and are rapidly becoming recognized as the national leader in this industry.
- March 05, 2009
Applied Business Software, Inc. and ForeclosureLink, Inc. Announce Strategic Partnership
FOR IMMEDIATE RELEASE
LOS ANGELES, Calif., October 8, 2008 - Applied Business Software Inc. (“ABS”), developer of The Mortgage Office™, the leading loan servicing software solution for the lending industry, and ForeclosureLink, Inc. a foreclosure trustee specializing in non-judicial foreclosures throughout California, Nevada, Oregon, Washington and Arizona since 1983, announced today that they have formed a strategic partnership to provide full product integration between The Mortgage Office™ and the services provided by ForeclosureLink.
The Default Services and Tracking module (“DST”) of The Mortgage Office™ provides a bi-directional interface between ABS’ Loan Servicing module and ForeclosureLink in a real-time environment, dramatically reducing the error-prone task of gathering information, the need for photocopying, mailings, shipping, phone calls and faxes.
- March 05, 2009
Official Release Notice of The Mortgage Office v1.9.17
In our continuing effort to provide you with the most technologically advanced and easy-to-use loan servicing and origination software found anywhere, Applied Business Software, Inc. is pleased to announce the latest release of The Mortgage Office™ version 1.9.17. This update contains exciting new features and enhancements that will benefit you and your business.
Keep your software current. We are committed to providing you with the most current, feature-rich software available. This commitment involves enhancing the product with new features as well as correcting existing issues. Keeping your software current allows ABS to provide you with best level of support possible.
The following list provides a brief description of some of the new additions and enhancements to The Mortgage Office™
- March 05, 2009
Applied Business Software Announces Microsoft SQL Server Compatibility for The Mortgage Office
FOR IMMEDIATE RELEASE
LOS ANGELES, Calif., February 15, 2009 - Applied Business Software Inc. (“ABS”), developer of The Mortgage Office™, the leading loan servicing software solution for the lending industry, is pleased to announce the release of The Mortgage Office (SQL)™, a new product which provides full compatibility with Microsoft SQL Server.
The integration between The Mortgage Office™ and Microsoft SQL Server will offer ABS’ growing network of over 2,900 licensees a seamless growth path to a more robust database engine, and eliminates the scalability issues for data size and number of users commonly associated with the Microsoft Jet Engine.
ABS realizes its customers have a wide range of database needs, and choosing the right database technology is challenging at best. Commonly, many organizations struggle with deciding whether they should be using Microsoft Jet Engine or Microsoft SQL Server.
- March 05, 2009
Official Release Notice of Version 1.9.17 (Build 001) of The Mortgage Office
In our continuing effort to provide you with the most technologically advanced and easy-to-use loan servicing and origination software found anywhere, Applied Business Software, Inc. is pleased to announce the latest release of The Mortgage Office™ version 1.9.17 (build 001) . This release contains exciting new features and enhancements that will benefit you and your business. Builds are updates and enhancements to The Mortgage Office™ that are made available to you in between major product version releases. This release contains exciting new features and enhancements that will benefit you and your business.
Keep your software current. We are committed to providing you with the most current, feature-rich software available. This commitment involves enhancing the product with new features as well as correcting existing issues. Keeping your software current allows ABS to provide you with best level of support possible.
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.