Tag Archives: Company News

Mortgage appraisal company AppraiserLoft has closed its doors following numerous executive departures, rumors of non-payment to appraisers, and an ongoing lawsuit brought against the company's CEO regarding alleged activities unrelated to the company. According to numerous trade publications, AppraiserLoft made employees aware of the shutdown last week in advance of its official closure. Current clients are instructed to contact the company via its help-desk e-mail account.

Advantage Systems is set to offer enhanced programs to facilitate critical communication between parent companies that possess mortgage divisions. The company's Accounting for Mortgage Bankers (AMB) product can now be utilized with greater leverage to enable mortgage subsidiaries to operate outside of an entity's general ledger system, creating improved efficiency and streamlined processing.

U.S. Bank Home Mortgage's president and CEO, Daniel Arrigoni, has been named the next recipient of the MBA's Investing in Communities Award.

Nationwide, RE/MAX has ranked among the Franchise Times Top 200 annual survey. Coming in at number 15 on the elite list, RE/MAX received its third consecutive award within the franchise competition this year. Joining other top organizations including McDonalds, 7-Eleven, and Subway, RE/MAX ranked among survey honorees thanks in part to its worldwide sales volume.

NewDay Financial has another reason to celebrate, announcing that the company's servicing portfolio has ballooned to more than $500 million in government loans. News of the entity's growth within its servicing sector directly follows NewDay's recent honor from the National Coalition for Homeless Veterans, which named NewDay as the recipient of its annual Corporate Partner award.

Risk management and loss mitigation company zIngenuity, Inc., has hired a new vice president of business development, with the recent addition of Bob Voll. Charged with handling all sales and marketing activities, Voll will also work with zIngenuity├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós leadership team as the company prepares new product initiatives.

Shareholders in Municipal Mortgage & Equity, LLC, can now take a look at all proxy paperwork in preparation for the company's annual meeting. Better known as MuniMae, the entity has filed its proxy materials with the U.S. Securities Exchange Commission in advance of the 2011 Annual Meeting of Shareholders, which will take place on November 9. Listed among the OTC's collection of companies, better known as the riskier "Pink Sheets," MuniMae is part of the entity's OTCQB tier.

DocMagic, Inc., made waves recently by dropping fees for the eSign Solution, which users can deploy to safeguard their electronic documents. Users will now be able to access the product without incurring any cost.

Total Mortgage Services, LLC, is seeking new talent to add to its wholesale residential lending channel, TMS Funding. The company recently announced that it would hire new account executives in more than 21 states and Washington, D.C., as part of its continued expansion.

NewDay Financial has a worthy reason to celebrate, with the announcement that it would receive a Corporate Partners award from the National Coalition for Homeless Veterans (NCHV). The company and its CEO, Rob Posner, is being honored for its strong provisional assistance to veterans in need of housing.