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San Diego
The Compliance Group Selects 20-Year Mortgage Banking Veteran A.J. Jacobson as National Account Executive
June 28, 2012
SAN MARCOS, Calif., June 28, 2012 (SEND2PRESS NEWSWIRE) — Leading mortgage compliance services provider, The Compliance Group, Inc. (TCG), has added A.J. Jacobson in the role of National Account Executive to serve its growing clientele of mortgage providers, including mortgage bankers, independent mortgage lenders, community banks, and credit unions.
“Career mortgage professionals like A.J. Jacobson understand today’s drive for quality, compliance and accountability in the lending process, making them the heartbeat of our industry’s recovery,” said The Compliance Group founder and president Annemaria Allen. “A.J. Jacobson not only brings a rare and invaluable skill set to our clients, but she also brings a reputation for putting quality first in high volume environments.”
A mortgage professional since 1983, Jacobson’s career was launched with Mortgage Guaranty Insurance Corporation (MGIC), where she developed and managed relationships with 220 southern California mortgage banks, savings and loans, and commercial banks.
Since then, mapping a career focused on mortgage lending and residential finance operations, Jacobson served as Sovereign Bank’s vice president and Western Regional Sales Director for its correspondent business channel, a top performing region that regularly exceeded quarterly benchmarks. Previously, Jacobson was a correspondent manager for Avondale Funding, where she developed bulk and flow purchase of closed residential loans; and ramped up production through successful “submissions to close” client account management and communication of operations’ expectations.
In the early-to-mid 1990s, Jacobson was a pioneering “MortgagePower” Wholesale Account Executive with Citibank before becoming the Wholesale Regional Marketing Manager for Western Federal Savings & Loan/Pamona First Federal, where she grew loyalty and loan volume from a large relationship base of mortgage banker and broker clients by focusing on education and training of underwriting standards.
From 1985 to 1989, Jacobson served in a series of roles with COMPUFUND, where she was National Director, Mortgage Centers; Director of Financial Institution “Affiliates”; Wholesale Production Manager; and Regional Loan Manager.
Most recently, Jacobson joins The Compliance Group from UHS America, where she spearheaded the roll out of its quality control services.
“Its renewed focus on mortgage compliance and quality control creates the most exciting opportunity our industry has seen in decades,” said Jacobson. “For me, the work that The Compliance Group does with its clients is the foundation upon which we will build a vibrant and enduring model for the future of the U.S. housing finance economy.”
About The Compliance Group:
The Compliance Group (TCG) is a leading nationwide financial services risk management organization focused solely on its clients’ compliance success (www.TheComplianceGroup.net). TCG has helped hundreds of financial institutions mitigate risk and losses with its proprietary, patent-pending technology and its core business solutions of Compliance, Quality Control and Licensing. Founded by Annemaria Allen in 2000, TCG has built upon her deeply experienced understanding of compliance and risk management to bring peace of mind to the financial services industry.
TCG’s LicenseTracker® (www.LicenseTracker.net) is a patent pending, web-based application, to help mortgage businesses, branches, and loan originators maintain and track required state and federal agency licensing deadlines and continuing education requirements.
TCG technology is complemented by its experts’ keen attention to delivering results the right way – with integrity, quality, transparency, reliability and customer care. Its appreciation for relationship building allows TCG to assist its clients in understanding the complexity of compliance, developing their strengths in areas of risk while turning compliance and quality control into a profitability strategy.
For more information, contact Annemaria@TheComplianceGroup.net.
News Source: The Compliance Group, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com .
Bank of Southern California Appoints New Board Member
June 15, 2012
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.
He graduated from the University of San Diego with a Bachelors of Accountancy. Mr. Persall serves on the Leadership Council and as a Director of the Development Committee for the UC San Diego Pediatric Diabetes Research Center.
“Although Michael is the company’s youngest director at 33 years old, he brings a wealth of experience and background in business and financial services from a variety of perspectives, “said John Farkash, chairman of the board. “His participation will make our talented board, even stronger as we continue to build and grow the bank.”
About the Bank of Southern California:
Established in 2001, Bank of Southern California, N.A., a national bank with headquarters in San Diego, Calif., is locally owned and managed and committed to meeting the unique business, professional and personal banking needs of the vibrant Southern California communities it serves. With six offices in San Diego County and the Coachella Valley in Riverside County, Bank of Southern California remains one of the strongest, best-capitalized banks in the region, with a growing asset base and loan portfolio.
For more information, visit http://www.banksocal.com or call (858) 847-4780.
Media Relations: Tony DiVita, Bank of Southern California 858-847-4783
News Source: Bank of Southern California :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at the Send2Press for Journalists Portal: http://Send2PressNewswire.com .
Kerry Masterson Joins MCT Trading as Midwest Regional Director
June 1, 2012
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.
“Kerry is a strategic senior sales professional who has a consistent record of developing new accounts using a highly consultative approach to prospective clients,” said Bill Wooten, National Sales Manager at MCT. “He possesses expertise in an array of different areas of mortgage banking and has a unique ability to quickly build rapports and establish lasting relationships. We are lucky to have someone of Kerry’s talent join the sales team at MCT and we look forward to working with him to establish a strong presence in the Midwest.”
Kerry has an extensive background in correspondent and wholesale lending working with new and existing mortgage banking clients. Before MCT, he was an account executive at PHH Mortgage where he significantly grew the active customer base and origination fundings within his territory in under a year. Prior to PHH, Kerry held several positions in the correspondent division of Cit Mortgage. At Citi, he achieved team-leading sales results year-over-year in new client acquisitions, surpassing his target goal by more than 150 percent. Kerry also spearheaded a diverse range of programs and projects leading to improved market presence, increased annual profitability and expense reductions.
He has been acknowledged with a number of prestigious sales accolades throughout his career. Kerry holds a bachelor of science in business administration with a concentration in marketing from Saint Louis University and is an active participant in the mortgage industry.
About Mortgage Capital Trading:
MCT Trading is a risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, California in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Dallas, Charlotte, St Louis and San Francisco. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 75 clients on the HALO (Hedging And Loan sales Optimization) Program. For more information, please visit http://www.mct-trading.com or call (619) 543-5111.
MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.
News Source: MCT Trading, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
Bank of Southern California Receives Top Marks as a Small Business Lender in San Diego County
May 30, 2012
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.
Banking Grades, which is a grading tool from Multifunding that ranks every FDIC insured bank based on their commitment to small business lending, recently gave Bank of Southern California an A rating for the amount of loans the bank has made to small businesses. By contrast, many other banks in the area received much lower grades.
In addition to this recent commendation, Bank of Southern California has also been recognized as a top SBA lender in the San Diego area for several consecutive quarters according to ranking reports issued by the San Diego District office of the U.S. Small Business Administration.
“We know that local businesses are absolutely essential to our local economy,” says Nathan Rogge, CEO of Bank of Southern California. “We’ve always been focused on providing small businesses the access to the capital they need to help them grow and expand. It’s nice to be recognized which shows that we are meeting the needs of our community.”
About the Bank of Southern California:
Established in 2001, Bank of Southern California, N.A., a national bank with headquarters in San Diego, Calif., is locally owned and managed and committed to meeting the unique business, professional and personal banking needs of the vibrant Southern California communities it serves. With six offices in San Diego County and the Coachella Valley in Riverside County, Bank of Southern California remains one of the strongest, best-capitalized banks in the region, with a growing asset base and loan portfolio. For more information, visit http://www.banksocal.com or call (858) 847-4780.
News Source: Bank of Southern California :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
MCT Trading Hires Tawab Abawi as Senior Trader
May 25, 2012
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.
Tawab comes to MCT from Bank of America where he was a vice president on the negotiated trade desk for its correspondent lending group within the home loans and insurance division. His primary responsibilities at the bank included maximizing revenue, minimizing risk and increasing market share for clients nationwide. He has a strong track record for developing and maintaining relationships with hundreds of correspondent lenders, financial institutions and numerous hedge advisory firms.
He has extensive experience in loan trading, secondary marketing, correspondent lending, risk and margin management, financial modeling and analysis, forecasting and planning, transaction management, asset-based lending and financial reporting. In addition to being a senior trader on the negotiated desk, Tawab also held the positions of assistant vice president and senior pricing analyst while at Bank of America.
“Bringing Tawab on board adds yet more depth to our already experienced trading team,” said Curtis Richins, president of MCT. “As MCT continues to grow and help lenders transition from a best efforts to mandatory loan sales, we want to ensure that we maintain superior service and close working relationships with clients. Being well-staffed with senior traders such as Tawab allows us to dedicate an individual market analyst to each and every one of our customers.”
Abawi holds a Bachelor of Science in Business with a major in Finance and a concentration in Financial Risk Management from Virginia Polytechnic Institute and State University (Virginia Tech).
About Mortgage Capital Trading:
MCT Trading is a risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, California in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Dallas, Charlotte and San Francisco.
MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 75 clients on the HALO (Hedging And Loan sales Optimization) Program. For more information, please visit www.mct-trading.com or call (619) 543-5111.
Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.
News Source: MCT Trading, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
Fresh Start Surgical Gifts to Benefit from 2nd Annual PayLease Golf Tournament
May 23, 2012
SAN DIEGO, Calif., May 23, 2012 (SEND2PRESS NEWSWIRE) — Fresh Start Surgical Gifts (www.FreshStart.org), a San Diego non-profit organization, has been chosen as the beneficiary for the 2nd Annual PayLease Golf Tournament on Saturday, June 9 at Riverwalk Golf Club in Mission Valley. All proceeds will help Fresh Start achieve its mission of transforming the lives of children with deformities through reconstructive surgery.
“We have many young families at PayLease and we decided as a company to give back to our community in a way that benefits children. Fresh Start is an amazing organization that we are proud to support,” Dave Dutch, PayLease President.
Sponsorship packages and spots to play in the tournament are still available for purchase.
Festivities kick-off at 6:30 a.m. and shotgun start is at 7:30 a.m. Each participant will receive a golfer gift package, 2 drink tickets, range balls, lunch and admission to the awards ceremony where Fresh Start patient Brittany, who suffered from Apert Syndrome, will share her story.
Fresh Start has provided over $21 million worth of free medical services to over 5,700 children from all over the United States. Fresh Start’s services include reconstructive surgery, dental procedures, laser treatments, and speech therapy. Recently, Fresh Start was named Best Local Nonprofit of 2011 by Ranch and Coast Magazine, as well as Healthcare Champion of 2011 by San Diego Business Journal. 100 percent of contributions go to Fresh Start’s medical programs.
For more information, please contact Amanda Thompson at (760) 448-2018 or amanda@freshstart.org.
About Fresh Start Surgical Gifts:
Fresh Start is a non-profit organization that provides reconstructive dental and plastic surgery for kids free of charge. Six weekends annually Fresh Start holds a Surgery Weekend where 80-100 medical volunteers provide reconstructive plastic surgery and reconstructive dental surgery for infants, children, and young adults with physical deformities free of charge. Surgery Weekends are held at the Fresh Start Clinic at Rady Children’s Hospital in San Diego.
All medical and support personnel generously volunteer their time, talents and expertise.
Fresh Start serves U.S.-based children as a priority and reaches out internationally as we believe that no child should suffer with a physical deformity due to birth defect, disease, accident or abuse. With insurance deeming more and more deformities as “cosmetic” we are determined to make certain that all children get the medical attention they need regardless of the family’s ability to pay.
Fresh Start accepts children and young people under the age of 18 from:
* financially disadvantaged families with no health care insurance;
* families whose health care insurance won’t pay for the procedures because they are deemed “cosmetic”;
* families who do not qualify for state funded programs;
* families who would suffer significant financial hardship if they were to pay for the necessary and costly medical treatment.
For more information about Fresh Start Surgical Gifts, please visit http://www.freshstart.org or call (760) 944-7774.
News Source: Fresh Start Surgical Gifts :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
MCT Trading Officially Launches LockCentral Service for Lenders
May 2, 2012
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.
“We established LockCentral specifically for mortgage bankers that want to operate a centralized lock desk without having to incur the expenses of additional full time resources and to also improve on data integrity for our hedging clients,” said Curtis Richins, president of MCT.
“Running an efficient lock desk is paramount to a lender’s profitability. However, the successful implementation and effective management of an internal desk can be very involved and time consuming, and not all secondary marketing departments are ready to adopt, implement and efficiently utilize what are generally complicated, onerous locking tools that often fall short of profitability expectations.”
LockCentral is a proven model that is run by a dedicated team of seasoned secondary marketing analysts who reside in multiple MCT offices across the country in different time zones, which is designed to provide responsive customer service levels to clients. The LockCentral offering also allows lenders to private label their lock desks, enabling secondary staff to work with MCT analysts while eliminating the onus of managing locking tasks so they can focus on other duties.
LockCentral’s benefits include:
* Access to a full suite of services at a significant reduction in costs
* Gain lock management and pricing accuracy assurance
* Rapid scalability to handle changes in volume
* Redundant price/margin verifications are provided for all lock requests and updates
* Secondary and hedging training is provided to existing lock desk personnel
* Service is available for both best efforts and mandatory sellers
* Provides secondary loan re-pricing
* Enacts instant auto lock submissions and confirmations
* Detailed tracking and reporting delivers newfound visibility.
MCT will be holding discussions about its LockCentral service at the MBA’s National Secondary Marketing Conference and Exposition in its suite at the Intercontinental in New York, New York. MCT’s suite is located in is in the Central Park Room on the Ballroom level. To schedule a meeting, contact Kim Moore at (469) 202-7161 or via email at kim.moore@mctrade.net.
About MCT Trading:
MCT Trading, Inc. is a risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, CA in May 2001, the company has expanded to include field sales and support offices in Philadelphia, PA; Dallas, TX; Charlotte, NC; and San Francisco, CA. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 75 clients on the HALO (Hedging And Loan sales Optimization) Program.
For more information, please visit http://www.mct-trading.com or call (619) 543-5111.
MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.
News Source: MCT Trading, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
MCT Trading’s COO Scheduled to Speak at Market Insight Conference
April 25, 2012
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.
The panel, which is geared toward loan originators, will feature a lineup of industry experts that features David Battany, director at PennyMac; Sue Woodard, president of the Mortgage Market Guide; Phil Rasori, chief operating officer at Mortgage Capital Trading; and Rob Chrisman, capital markets consultant. The event will be moderated by Jeff Tarbell, vice president of Comstock Mortgage and host of the Talkin’ Money show on CBS radio.
Key topics to be discussed include:
* A cloud view of the industry from Rob Chrisman;
* The impact of HARP 2.0;
* Identifying a myriad of new changes with the FHA;
* Effective marketing and database management for 2012;
* How to best compete with the big box banks;
* The future of Fannie Mae;
* Defining loan hedging;
* Why only certain rates get offered (rate shelf).
Session details:
Date: Thursday, April 26, 2012.
Time: 12 p.m. – 4 p.m. Pacific Time.
Location: Arden Hills Resort Club & Spa, Sacramento, Calif.
The Mortgage Insight Conference is sponsored by Comstock Mortgage. For more information, visit www.insightconference.net or call 800-955-6180.
About MCT Trading:
MCT Trading, Inc. is a risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, Calif. in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Pa.; Dallas, Texas; Charlotte, N.C.; and San Francisco, Calif. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 70 clients on the HALO (Hedging And Loan sales Optimization) Program. For more information, please visit www.mct-trading.com or call (619) 543-5111.
MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.
News Source: MCT Trading, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
