Tag Archives: Company News

Vericrest Financial, Inc., a financial services company with centers in Texas, Oklahoma, and California, announced it has changed its corporate name to Caliber Home Loans, Inc., effective immediately.

Houston-based Envoy Mortgage announced it has selected Financial Industry Computer Systems, Inc. (FICS), to manage its loan servicing department with the help of the Mortgage Servicer platform.

Total Mortgage Services, LLC announced it has been approved as a Ginnie Mae issuer for the GNMA I and II single-family mortgage-backed securities (MBS) program.

Guardian Mortgage Company, an independent mortgage lender with offices in Texas and Michigan, is seeking help to raise relief funds for Oklahomans affected by the Moore tornado on May 19.

Equifax approved of DocMagic's eSign for electronic 4506-T requests. This means Equifax clients can use DocMagic's eSign for electronic signatures when submitting orders.

When it comes to real estate brand recognition, RE/MAX tops the list, according to a third-party survey completed in March. The survey, done by MMR Strategy Group between November 2012 and March 2013, asked homebuyers, sellers, and those planning to buy or sell to name a real estate brand without prompting.

The recent slip in financial corporation profits comes at a particularly critical time for the financial sector, as housing is in the midst of a nascent recovery.

Mortgage Contracting Services (MCS), a national property preservation and inspection company, announced it is teaming up with Pruvan, a Round Rock, Texas-based company that offers a photo app for field-based businesses.

While banks and lending institutions are nervous about the waves of compliance challenges coming in, NTC says the smartest companies are using regulatory changes as a springboard to grow.

The nation's economy grew at a seasonally adjusted annual rate of 2.4 percent in the first quarter, slightly slower than originally reported, the Bureau of Economic Analysis (BEA) said Thursday. At the same time, BEA said corporate profits in the first quarter were $1.97 trillion, down almost $44 billion from the fourth quarter. The last time corporate profits showed a quarter-over-quarter decline was in the first quarter of 2012. Corporate profits are considered a key indicator of employment trends.