San Diego Business News - Page 12

PALM DESERT, Calif., Nov. 7, 2014 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Markets FBBN / OTCMKTS:FBBN) announced today that it purchased substantially all the assets and liabilities of Frontier Bank, FSB dba El Paseo Bank through a purchase and assumption agreement with the FDIC.

SAN DIEGO, Calif., Oct. 31, 2014 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized industry leader in risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, is pleased to announce that MCTlive!(TM), MCT’s best-in-class secondary marketing software platform, has been selected as the winner of Mortgage Technology magazine’s 2014 Release of the Year Award.

PALM DESERT, Calif., Oct. 16, 2014 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTCMKTS:FBBN) today announced that seasoned community banker, Mark Gustafson has been appointed to lead the bank’s Coachella Valley region. Mr. Gustafson most recently served as Market President for First California Bank which was sold and merged into Pacific Western Bank. He also served as President and CEO of Canyon National Bank, Ogden BancShares, Inc.

SAN DIEGO, Calif., Sept. 30, 2014 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging, loan sale execution and risk management services, announced that it has been chosen by Mortgage Technology magazine as a finalist for the 2014 Release of the Year Award.

SAN DIEGO, Calif., Sept. 18, 2014 (SEND2PRESS NEWSWIRE) — ReverseVision, Inc. today announced the launch of their Professional Services division aimed at helping reverse mortgage lenders and brokers to be more successful.

SAN DIEGO, Calif., Sept. 16, 2014 (SEND2PRESS NEWSWIRE) — ReverseVision is proud to announce it has been named a finalist for the 2014 Lenders’ Choice Award by Mortgage Technology magazine. ReverseVision is the leading provider of business solutions for the reverse industry offering such products as RV Exchange (RVX).

SAN DIEGO, Calif., Sept. 2, 2014 (SEND2PRESS NEWSWIRE) — Mortgage lenders offering the HUD-insured Home Equity Conversion Mortgage (HECM) will find that originating reverse loans carries fewer risks than traditional mortgages. Recent HUD changes have made these loans even better suited to serve their intended purpose, according to reverse mortgage expert Jeffrey Taylor, a ReverseVision board member and president of Wendover Consulting.

SAN DIEGO, Calif., Aug. 12, 2014 (SEND2PRESS NEWSWIRE) — Contrary to what has been reported for the past six months, reverse mortgage originations have been trending up according to ReverseVision, the leading provider of reverse mortgage lending solutions. ReverseVision’s RV Exchange (RVX) is the leading reverse loan origination system (RLOS) and lending system of record for the majority of reverse lenders.

SAN DIEGO, Calif., May 9, 2014 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that its COO, Phil Rasori, will moderate and drive a panel session entitled ‘Liquidity Challenges for Smaller Lenders’ at the Mortgage Bankers Association’s Annual Secondary Marketing Conference in New York City.

SAN DIEGO, Calif., March 25, 2014 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that it added four newly created positions in order to provide unsurpassed service levels of sales support and guidance to lenders.

SAN DIEGO, Calif., March 20, 2014 (SEND2PRESS NEWSWIRE) — ReverseVision the leading software and technology provider for the reverse mortgage industry, is pleased to announce that Gregg Holsapple has joined as Product Strategist. In this role, Holsapple will have responsibility for product and program analysis, developing requirements and building out our product design process.

SAN DIEGO, Calif., March 19, 2014 (SEND2PRESS NEWSWIRE) — ReverseVision, Inc. today announced an agreement to add CoesterVMS’s appraisal services to RV Exchange – ReverseVision’s Reverse Loan Origination System (RLOS) platform.

SAN DIEGO, Calif., March 11, 2014 (SEND2PRESS NEWSWIRE) — ReverseVision, Inc. is pleased to announce that 360 Mortgage Group LLC (360 Mortgage Group), a privately-owned mortgage banker with a primary focus on third-party origination, has joined the growing ranks of reverse mortgage lenders and will be using ReverseVision’s reverse loan origination system, RV Exchange.

SAN DIEGO, Calif., March 6, 2014 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading software and technology provider for the reverse mortgage industry, is pleased to announce that industry expert Mark Johnson has joined our team in the role of Customer Service Manager. Johnson, who brings more than twenty years of reverse mortgage expertise, replaces Joseph Rinner who has moved into the role of Product Manager.

SAN DIEGO, Calif., Feb. 26, 2014 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading software and technology provider for the reverse mortgage industry, has added Jason Meches as Chief Technology Officer (CTO). In this role, Meches will have responsibility for the development and operations of ReverseVision technology products.

SAN DIEGO, Calif., Feb. 25, 2014 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that its COO, Phil Rasori, will share his insight on an upcoming panel assembled by the Community Mortgage Lenders of America (CMLA), which is designed to address legislative issues and trending that will impact mortgage lending in 2014.

SAN DIEGO, Calif., Feb. 5, 2014 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, today announced that its COO, Phil Rasori, is scheduled to present at the 11th Annual Eastern Secondary Market Conference.

SAN DIEGO, Calif., Jan. 16, 2014 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging, outsourced lock desk and risk management services, announced that it relocated its corporate headquarters to a larger facility. The move provides MCT with the necessary infrastructure to accommodate its increasing growth and the capacity to continue delivering elevated support to clients.

SAN DIEGO, Calif., Jan. 13, 2014 (SEND2PRESS NEWSWIRE) — ReverseVision, Inc. today announced the addition of appraisal services from Landmark Network to the ReverseVision Reverse Loan Origination System (RLOS) platform. ReverseVision’s RLOS offers a library of tightly integrated services that streamline the reverse lending process.

SAN DIEGO, Calif., Oct. 3, 2013 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that is has been chosen as one of the 2013 Best Places to Work in San Diego, California by the San Diego Business Journal (SDBJ).

SAN DIEGO, Calif., Aug. 9, 2013 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that it has been named to the San Diego Business Journal’s (SDBJ) 2013 Top 100 annual fastest-growing private companies list, with a specific ranking of 24. Organizations that earned a spot on the list were honored at a recent awards ceremony held at the Paradise Point Resort and in San Diego, California.

SAN DIEGO, Calif., March 19, 2013 (SEND2PRESS NEWSWIRE) — After more than two years of leasing their La Quinta office, Bank of Southern California announced that they have acquired the space permanently from the FDIC. At the end of 2010, Bank of Southern California began leasing the space, as well as another location in Palm Springs, when it acquired the two branch offices from Palm Desert National Bank.

SAN DIEGO, Calif., Feb. 8, 2013 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that that Phil Rasori, the company’s COO and Head Trader, has earned a spot on National Mortgage Professional Magazine’s ‘Top 40 Most Influential Mortgage Professionals Under 40’ list for the third time.

SAN DIEGO, Calif., Jan. 24, 2013 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that Kevin Miller has joined the company in the capacity of trading analyst.

SAN DIEGO, Calif., Jan. 18, 2013 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that is has recruited Anthony Ianni as vice president of lender services.

SAN DIEGO, Calif., Jan. 4, 2013 (SEND2PRESS NEWSWIRE) — Bank of Southern California, a locally owned community business bank, has been recognized as one of the top small business lenders among medium sized banks for the largest number and dollar volume of 7(a) loans in 2012 in the greater San Diego area according to the U.S. Small Business Administration.

SAN DIEGO, Calif., Jan. 3, 2013 (SEND2PRESS NEWSWIRE) — Bank of Southern California has announced that Marie Bruning has joined the bank as Vice President, Client Relationship Manager. She is responsible for business development and client relationship management for the company, and will be headquartered in the company’s corporate office in Del Mar.

SAN DIEGO, Calif., Dec. 19, 2012 (SEND2PRESS NEWSWIRE) — Bank of Southern California announced today that Robert Marshall was appointed as Executive Vice President and Chief Credit Officer. In this role, Mr. Marshall will lead the Bank’s credit function, overseeing credit risk management, credit approval and credit analysis functions, and ensuring the overall quality of the Bank’s lending portfolio is maintained.

SAN DIEGO, Calif., Nov. 6, 2012 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that its COO and Head Trader, Phil Rasori, will present on a panel session at the Independent Mortgage Bankers Conference on November 8 at the Fairmont Hotel in Dallas, Texas.

SAN DIEGO, Calif., July 31, 2012 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that is has been named as one of the 2012 Best Places to Work in San Diego, California by the San Diego Business Journal (SDBJ).

SAN DIEGO, Calif., June 15, 2012 (SEND2PRESS NEWSWIRE) — Bank of Southern California announced today that Michael Persall, CPA and Investor was appointed to the company’s board of directors. Mr. Persall is President of Persall Group and is a practicing certified public accountant with extensive experience in construction, real estate and finance.

SAN DIEGO, Calif., June 1, 2012 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that Kerry Masterson has joined the company as Regional Director where he will be responsible for growing and managing the Midwest territory.

SAN DIEGO, Calif., May 30, 2012 (SEND2PRESS NEWSWIRE) — Bank of Southern California, a locally owned community business bank has been recognized as one of the top small business lenders in the greater San Diego area according to the U.S. Small Business Administration and Multifunding, a financial advisory provider.

SAN DIEGO, Calif., May 25, 2012 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that it added Tawab Abawi to its capital markets trading team.

SAN DIEGO, Calif., May 2, 2012 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced it established an outsourced service that implements and manages a centralized lock desk for mortgage bankers that offers them a viable alternative to operating an in-house lock desk. LockCentral saves time, ensures pricing accuracy, frees secondary marketing personnel to assume other responsibilities, and brings a number of new efficiencies to secondary marketing departments.

SAN DIEGO, Calif., April 25, 2012 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that its COO, Phil Rasori, will speak on a panel at the Mortgage Insight Conference on April 26 in Sacramento, California. The session will analyze the future of the mortgage business and address the challenges and opportunities facing loan originators.

SAN DIEGO, Calif., Jan. 25, 2012 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that its COO, Phil Rasori, has again been named to National Mortgage Professional magazine’s Top 40 Most Influential Mortgage Professionals Under 40 list for 2011.

SAN DIEGO, Calif., Jan. 6, 2012 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a leader in hedging and risk management services, announced that it has been named a 2011 Medallion winner for the annual Workplace Excellence Awards held by the San Diego Society for Human Resource Management (SD SHRM). Each year, the SD SHRM honors local companies having exceptional HR practices that become instrumental to their success and profitability.

SAN DIEGO, Calif., Dec. 20, 2011 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, has announced the hiring of Ben Itkin as Senior Trade Desk Executive. In this role, Mr. Itkin will be responsible for co-managing MCT’s Trading Desk operations along with Head Trader and COO, Philip Rasori, as MCT continues to expand its team of mortgage traders due to growth in new client engagements.

SAN DIEGO, Calif. (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced the availability of a free white paper designed for lenders that provides guidance in secondary market pipeline hedging. Organizations can download the paper at MCT’s Web site.