Monthly Archives: July 2014

Southside Financial Group Changes Name to SFG Finance

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Arlington, TX (PRWEB) January 16, 2012

Southside Financial Group (http://www.sfgfinance.com), an active purchaser of auto finance receivables, today announced the company is changing its name from Southside Financial Group to its most commonly used moniker, SFG Finance, effective immediately.

Since the founding of Southside Financial Group, the majority of our customers, vendors, and employees have informally referred to us as simply SFG Finance and frankly, we like it. Therefore, we have decided to formally change our name to reflect what the public has already thoughtfully given us. Effective immediately, Southside Financial Group has changed its name to SFG Finance, said SFG Finance COO Henry Gonzalez. The ownership and management of our company remain the same as does our commitment of excellence to everyone we do business with. We would like to thank everyone for the valued services that you have provided to us over the past several years and look forward to many more to come, Gonzalez added.

SFG Finance recently launched a new nationwide program to purchase existing near prime and subprime auto loan portfolios from franchised and independent auto dealers. The program includes near prime and subprime portfolios ranging from $ 500,000 to $ 40 million, service released; all portfolios are held on the balance sheet and serviced internally. The program is highly efficient with a 7-10 day total turnaround from analysis to closing, and will target accounts with 60-90 day pay history. Since the inception of this program SFG Finance has actively purchased and closed portfolios from dealers in 30 states.

Funding is made possible by SFGs parent bank, with the added advantage of no need to securitize plus a more stable cost of funds.SFG Finance offers complete transparency and up-front pricing based its superior analytics. A due diligence team will evaluate all loans to maximize return without interrupting the dealerships existing business, ensuring a seamless transition.

About SFG Finance:

SFG Finances tagline is: Turning Paper into Profit One Relationship at a Time. The company is an active purchaser of auto finance receivables and its executive management team has over 75 years of combined industry experience. It is a wholly owned affiliate of Southside Bank, one of the nations largest independent banks with $ 3.2 Billion in assets. SFG Finance buys sub-prime through near prime auto paper, servicing released, from banks, credit unions, auto dealers, and other financial institutions nationwide. The companys aggressive pricing and experience across all credit spectrums make it an industry leader. For more information visit: http://www.sfgfinance.com or call: 866-590-7734.

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Thetica Systems Demonstrates Enhanced Data Integration Tools at ASF 2012

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New York, NY (PRWEB) January 17, 2012

Traders, investors and ABS market participants at the upcoming ASF 2012 convention will be able to test drive the fastest system available for ABS data integration between multiple internal and external deal and loan-level data providers. System users benefit from full transparency on their ABS, CDO, CLO, CMBS and RMBS investments, accessing a single, very efficient data repository for information from many sources.

Thetica Systems is proud to participate in ASF 2012, the largest capital markets conference in the world with over 4500 registrants, where the most relevant topics and challenges relating to the securitization industry will be addressed.

“Structured finance market participants need systems that provide transparency and drilling depth into securities, as well as tools to enable them to apply their own opinion to these securities,” said CEO Ariel Yankilevich. “They no longer have to waste precious time and money waiting for data, or tie up computing resources for hours to get vital information. ABS Trader Tools integrates a wide variety of data providers seamlessly, providing bond analytics at lightning speed.”

Thetica Systems’ ABS Trader Tools is a high performance suite of tools that boosts productivity for ABS, CMBS, CLO, CDO and CDS traders and analysts. Recent enhancements include:

ReREMIC support: automatic selection of scenarios, ability to run child deal at both deal and group level, system can run CLOs (including setting Reinvestment Profile rules) and CMBS at asset level.
CLO support: ability to enter assumptions for each asset class and accurate handling of re-investment criteria.
CMBS support: easy search for assets by criteria and full integration between vector functions and bond analytics.
Portfolio support: yields for multiple scenarios and stress analysis and enhanced price-yield grids.
Screener functionality: access to the entire US RMBS universe to screen by analytical values, aggregate metrics, and other characteristics.

Those interested in scheduling a live demonstration online or on-site should contact 727-724-4182 or visit Thetica Systems for more information.

Thetica – from the Greek letter “theta” which means Thought, Life Force and Reason and the word “etica” which means Ethics. Thought, reason and ethics are essential elements of any successful business and commitment to this concept is embedded in the company’s name. Three companies now operate under the Thetica brand.

About Thetica Systems: As Wall Street securitization pioneers, Thetica Systems understands the needs of ABS market participants. Its clients include investment banks, hedge funds, capital management, brokers, dealers, and others that invest in or monitor structured finance securities, with users from traders and trading desks, research and product controllers to risk managers, regulatory reporting and IT. Thetica Systems serves a wide variety of financial firms involved in the securitization markets including investment banks, hedge funds, and broker/dealers.

About Thetica Solutions: With state-of-the-art proprietary software, Thetica ABS Analytics, and over 25 years of experience on Wall Street, Thetica Solutions offers expertise in regulatory capital and litigation support.

About Thetica: A team of highly trained and experienced software consultants focused on rapidly delivering customized data solutions to trading professionals in relation to RMBS, ABS (cash and synthetics) and other financial markets. Thetica expands and enriches its clients business opportunities with a wide variety of customized solutions.

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The Collingwood Group Enters Into Strategic Partnership With Valued Veterans

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Washington, DC (PRWEB) January 17, 2012

The Collingwood Group (Collingwood) is pleased to announce that it has entered into a strategic partnership with Valued Veterans, a service disabled veteran-owned small business that provides professional residential and commercial property valuation services. In keeping with its long-standing commitment to promote diverse supplier companies, including service disabled veteran, minority, and women-owned business, Collingwood will work with Valued Veterans to help identify and close opportunities to expand its business into the federal sector, where today the companys penetration is limited. In addition, Collingwood will work with the company to grow its already sizeable commercial sector business by expanding its footprint to include major financial services companies.

In the current economic environment, in particular, many diverse suppliers lack access to both opportunity and capital, and therefore their ability to scale is impeded and their opportunities for success are limited. The Collingwood Group helps qualified diverse suppliers overcome these challenges.

In addition to delivering best-in-class real estate valuation services, Valued Veterans actively supports veterans that seek to develop careers in the valuation services industry through its appraisal mentor program.

We are pleased to establish this important business relationship with Valued Veterans and honored by the opportunity to support our nations veterans as we work to grow Valued Veterans success in the financial services industry, said Brian Montgomery, Chairman of The Collingwood Group.

Brian OReilly, President of The Collingwood Group, agrees. Since its founding, The Collingwood Group has actively supported and incubated best-in-class diverse supplier businesses to meet the ever-increasing counter party requirements of large financial services companies and federal departments and agencies. The barriers to success for diverse and service disabled businesses are similar to those encountered by many small, non-diverse firms, said OReilly.

Andrew Belt, President and CEO of Valued Veterans, established the organization, which has a mission to, among other things, promote stewardship and public trust, provide exceptional quality mortgage related products, and put Veterans to work. Belt served in combat as a United States Marine Corps Platoon Sergeant with 2nd Light Armored Reconnaissance, where he received a Combat “V” for personal valor.

Collingwood has a proven track record of success assisting firms of all sizes grow their businesses in meaningful ways, said Belt. In particular, Collingwood and its team understand the unique business challenges faced by diverse service provider businesses and possess the skills, access to opportunity and capital, and industry standing required for a small business to succeed and grow in this dynamic industry. We are proud to join forces with the Collingwood team, Belt continued.

About The Collingwood Group

The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-based business advisory firm focused on growing clients businesses, promoting revenue growth and increasing investment returns. The firm is led by Brian Montgomery, former Assistant Secretary for Housing and Federal Housing Commissioner and by Joe Murin, former President and CEO of Ginnie Mae. Both played major roles in the federal governments efforts to address the nations financial crisis and restore stability and liquidity to financial markets. The firms expertise spans all aspects of Agency, non-Agency and FHA/VA housing financing programs; Ginnie Mae securitization activities; domestic and international secondary market activities and issues; primary and special servicing; full asset lifecycle vendor and talent management; and all elements of portfolio due diligence, acquisition, property management and asset disposition.

About Valued Veterans

Based in Overland Park, Kansas, Valued Veterans is a service disabled veteran-owned small business. Valued Veterans provides professional Residential and Commercial Valuation Services. With an intense focus on customized personal service, Valued Veterans uses cutting-edge technology to effectively manage every product order from start to finish. Its experienced management team is made up of appraisers and former mortgage industry professionals with over 120 years of combined residential real estate experience. Valued Veterans ensures each and every service provided is performed with the highest level of quality and compliance. As President and CEO of Valued Veterans, Andrew Belt promotes strong core values with honor and commitment.

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