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Carrington Awarded Place in Ellie Mae’s Hall of Fame for Technology

The mortgage lending division of Carrington Mortgage Services, LLC was inducted into the Ellie Mae Hall of Fame for mortgage technology. Carrington was specifically recognized for the Best Adoption of Automation at Ellie Mae's Encompass EXPERIENCE 2012 National User Summit due to the company's customization of Ellie Mae's DataTrac mortgage management software.

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NewDay USA Helps Renovate Veteran’s Home

NewDay will work with RenovatingHope, a nonprofit organization focused on improving homes for active military members and veterans, to improve the home of a decorated veteran who has served more than 20 years in the military with overseas tours during Operation Desert Storm and recently in Afghanistan and Iraq.

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Electronic Commerce Pioneer Joins DocMagic


Compliance software developer DocMagic announced Tim Anderson has been hired to head the firm's new eServices Division. An industry vet, Anderson is a well-known advocate of electronic commerce and eMortgages. He comes to DocMagic with more than 30 years of experience on both the lender and the vendor side of business.

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Three More Banks Collapse, 2012 Tally Hits Half of 2011 Total

The FDIC's deposit insurance fund got a little bit lighter Friday as three more banks fell, the corporation announced. GulfSouth Private Bank of Destin, Florida; Excel Bank of Sedalia, Missouri; and First East Side Savings Bank of Tamarac, Florida, were all liquidated, bringing the national failure tally to 46 so far in 2012 and costing the FDIC's fund a combined total of approximately $86.1 million.

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Holmby Hills Estate Hits the Market for $90M

Joining an elite list of the nation's most expensive listings, Carolwood Estate has hit the market for a whopping $90 million. The 35,000-square-foot home, located in Los Angeles' sought-after Holmby Hills area, offers buyers more than just luxury, because the property boasts history as well, having once served as Walt Disney's residence.

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USFS Appoints Two New Executive Leaders

National independent mortgage lender United Shore Financial Services, LLC (USFS), is welcoming two new corporate leaders. The Michigan-based organization, parent company of United Wholesale Mortgage, recently added Tim Forrester as chief financial officer for USFS and named Kristin Hammond as EVP of capital markets.

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