Gretchen Guandolo Joins Clearsight Advisors

McLean, VA (PRWEB) November 30, 2011

Business Services and Technology investment bank, Clearsight Advisors, announced that Gretchen Guandolo has joined the team as a Partner and Managing Director. Guandolo has 15 years of experience as an M&A advisor and consultant to IT and business services companies, in both the public and private sectors. She will leverage her experience in IT Services, Software, Public Sector Technology and SaaS businesses to further the Clearsight franchise. Guandolo is a former colleague of Clearsight founders Joel Kallett and Greg Treger, having previously worked with them for close to a decade.

Were thrilled to bring Gretchen on board to reunite a team with a track record of significant success in M&A, capital raising and strategic advisory services, said Clearsight Co-founder and Managing Director, Joel Kallett. Clearsight gains a seasoned expert and friend, and our clients will benefit from the teams collective experience, relationships and expertise.

Guandolo was most recently a Director at PricewaterhouseCoopers Public Sector Financial Services Group, where she led the firms Federal Transactions group. She was instrumental in assisting the government through Securitization and Structured Transaction divestiture activity from assets acquired as a result of the global financial crisis.

Guandolos robust M&A advisory experience includes transactions with companies such as CA, EMC, SAP, CACI, and Northrop Grumman. Previously, she held senior investment banking roles at KippsDeSanto and Agility Advisors, a firm she co-founded. Guandolo also worked with Kallett and Treger at boutique technology M&A firm, Updata Capital, for seven years. She began her career as a consultant in the Emerging Markets group at Arthur Andersen.

Gretchen was a key part of our plans from the beginning, added Greg Treger, Clearsight Co-founder and Managing Director. The commitment, integrity, track record, knowledge and team orientation that she brings to each client engagement represents the type of highly skilled senior investment banking talent we are bringing to bear on behalf of Clearsights clients.

Guandolo said, We are building the leading merchant bank in the DC-region focused on high growth technology companies. Our deep experience and franchise with both Commercial Technology and Public Sector Technology companies is a unique differentiator today that is in synch with where the market is headed. I am very excited to work with this amazing team again, whose collaborative approach and insight enables our clients to realize their vision.

About Clearsight Advisors

Clearsight Advisors is an independent merchant banking firm dedicated to providing world-class M&A and capital raising solutions exclusively to growth-oriented Business and Technology services companies. Clearsight combines deep market insights across software, services and data with vertical expertise in financial technology, public sector technology and education technology. This market knowledge combined with superior strategic and financial advice allows Clearsight to act as a catalyst, enabling entrepreneurs, private equity owners and board of directors to successfully advance their vision. The Clearsight team has executed M&A transactions ranging in size from $ 20 million to over $ 2 billion.

For more information, visit http://www.clearsightadvisors.com

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Avenue 365 Lender Services Adds Shegun Onakomaiya as Vice President of Business Development for its Default Services Division.


Plymouth Meeting, PA (PRWEB) December 01, 2011

Avenue 365 Lender Services has announced Shegun Onakomaiya as its new Vice President of Business Development for its Default Services Division. Avenues Default Services Group has been growing exponentially since its inception earlier this year. Onakomaiyas role will be to expand the client base and find additional ways in which Avenue can serve its existing clients.

Onakomaiya spent 8 years at Citigroup Global Markets, Inc., most recently as a transaction manager in the acquisition and securitization desk. As such he has deep and firsthand experience from the customers perspective. He has interacted with dozens of asset managers, hedge funds, investors, and servicers, and plans to bring those contacts and solid relationships to his role at Avenue.

Our Default Services Group has grown by almost 100% every month since inception. I believe that Sheguns experience, great reputation in the default space, and extensive contacts will assist us in continuing that growth. Our team brings unparalleled customer service, true knowledge of collateral and title issues, and a commitment to partnering with our clients for smoother transactions. Shegun will take that message to the street and we believe the result will be phenomenal for us and our clients, said Ryan Peterson, President and CEO of Avenue 365.

Avenue 365 Lender Services is a customer-focused, technology-inspired national title insurance and settlement services provider with an unwavering commitment to provide every consumer, originator, and lender with an unparalleled experience with every loan closing. They conduct business in all 50 states for both Origination Services and Default Services. Their customers include national mortgage banks, lenders, retail mortgage brokers, asset managers, investment funds, REO managers, and servicers. To learn more visit http://www.avenue365.com.

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JGWPT Holdings Completes $204 Million Securitization


Radnor, PA (PRWEB) December 13, 2011

Subsidiaries of JGWPT Holdings, LLC have completed a joint $ 204 million securitization of notes backed by structured settlement and fixed annuity payments.

JGWPT Holdings, LLC is the parent holding company of several consumer finance businesses, most notably J.G. Wentworth Originations and Peachtree Settlement Funding. These two independent originators are two of the most well-known brands that purchase structured settlement payments in exchange for a lump sum of cash. This latest securitization is comprised of payment streams purchased by both of these subsidiaries.

J.G. Wentworth was the first issuer to securitize structured settlement payment streams in the asset-backed markets in 1997. Since then, J.G. Wentworth has issued 24 securitizations backed by structured settlement and fixed-annuity receivables totaling over $ 3 billion. Peachtree Financial was also an active issuer of asset backed bonds backed by structured settlement payment streams and completed seven securitizations from 2004 to 2010 totaling more than $ 700 million.

This most recently completed $ 204 million securitization consisted of two issued classes of notes: $ 174 million of Class A notes rated Aaa by Moodys Investors Service and AAA by DBRS and $ 16 million of Class B notes rated Baa2 by Moodys Investors Service BBB by DBRS and a Residual Class of $ 14 million which was retained by the issuer. Jefferies acted as co-lead arranger and bookrunner and Barclays Capital acted as co-lead arranger.

According to JGWPT Chief Investment Officer Stefano Sola, This was our first joint securitization of J.G. Wentworth LLC and Peachtree Financial originated product under a single parent holding company. The pricing and demand for the transaction reflects the confidence of institutional investors in the new, joint securitization program.

He added that, this second asset-backed transaction in 2011 saw continued interest from traditional J.G. Wentworth and Peachtree investors, but also from a number of new institutional investors to this space. Mr. Sola said, We have continued to broaden our institutional investor base over the years and continue to do so. This is highlighted by the incremental investor interest given current, volatile market conditions.

Mr. Sola said, The transaction was completed in a very challenging market environment characterized by uncertainty and volatility, which, we believe, further validates the strength of this asset class within the broader asset backed market.

David Miller, Chief Executive Officer of JGWPT said, J.G. Wentworth and Peachtree Financial have completed a total of six asset-backed transactions since the beginning of 2010. We believe this continuity underscores our commitment to continued access to the market and providing institutional investors with a stable flow of bonds backed by structured settlement and annuity payment streams in the future.

About the JGWPT Holdings, LLC Family of Companies

JGWPT Holdings, LLC, based in Radnor, PA and Boynton Beach FL, through its specialty finance subsidiaries, is a leading buyer of deferred payments from illiquid financial assets such as structured settlements and fixed annuities. Since 1992, JGWPTs subsidiary companies and their predecessors have purchased over $ 7 billion of future payment obligations from consumers.

For more information about JGWPT Holdings, LLC, visit http://www.jgwpt.com.

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On-Demand Real-Time Calculation of Basel Capital Requirements with Thetica Solutions

New York, New York (PRWEB) December 19, 2011

Thetica Solutions, a sister company to Thetica Systems, now provides consultation on Basel capital requirements for the banking industry and investment firms.

“Thetica Solutions enables clients to automatically calculate regulatory capital requirements. They can calculate whether a securitization’s minimum rating exposure is one from an originating bank or an investing bank, with access to real-time analytics. The resulting information can minimize their put-aside requirements, with automatic calculations on rating exposure, re-securitization, granularity and seniority,” states Jack Broad, company Founder/President and long-time structured finance market consultant.

“Our Thetica ABS Analytics and Structured Products Database enable users to rapidly integrate the data necessary to analyze regulatory capital requirements in minutes instead of months,” said Thetica Systems CEO Ariel Yankilevich. “We are proud to help enable market participants to perform vital analysis of their Basel regulatory capital requirements.”

Three companies now operate under the Thetica brand; in addition to Thetica Solutions, Thetica Systems provides sophisticated analytics solutions to the structured finance market and Thetica provides on-site consulting services to Wall Street for customized data solutions.

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 names.

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. Those interested should contact 727-804-2660 for a phone consultation or visit http://www.TheticaSolutions.com.

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. Those interested in scheduling a live demonstration should contact 727-724-4182 or visit http://www.TheticaSystems.com for more information.

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Thetica Solutions SSFA Analysis Reduces Bank’s Basel Reg Cap Requirements by $ Hundreds of Millions

(PRWEB) December 30, 2011

As specialists in providing consultation and technology in structured finance, Thetica Solutions offers ground-breaking assessments to investment banks regarding on-demand, real-time calculations of the Basel-directed Regulatory Capital requirements. A summary of the necessary elements for accurate Reg Cap set-asides is now available as a White Paper at http://www.theticasolutions.com on the Regulatory Capital page.

Along with their case study, also available on their website, Thetica Solutions is “ahead of the curve” regarding efficient and accurate analyses of a bank’s positions, with as current an assessment as the previous night’s valuations. With their sister company’s analytics software Thetica ABS Analytics, Thetica Solutions can price any number of bonds, accessing virtually all available deal and loan level data, and determine Reg Cap key attributes that affect set aside requirements.

Jack Broad, Founder and President, has incorporated his 25+ years on Wall Street into this timely service, having worked at Bear Stearns, Barclay’s and Citicorp, as well as consulted to a number of organizations in the securitization industry. His programming experience and overall investment business savvy combine into an ideal foundation for Regulatory Capital analysis. Along with his senior advisors, who have decades of risk management and structured products consulting experience, Jack offers the potential of saving nine to ten figures of Regulatory Capital savings.

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.

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. Those interested should contact 727-804-2660 for information and initial consultation or visit http://www.TheticaSolutions.com.

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2011 Very Strong for Vermont Captive Insurance Licenses

Monteplier, VT (PRWEB) January 10, 2012

2011 was the 6th year Vermont Captive surpassed the 40 new captives licensed mark with 41 new captive insurance companies bringing the total number of licenses to 952, according to data released by the Vermont Banking, Insurance, Securities and Health Care Administration (BISHCA).

Thirty were single parent captives, with six risk retention groups (RRG), three sponsored, one industrial insured, and one association. 2011s new captive insurance licensees brings Vermont overall total to 952 with 590 active captive insurance companies.

One of the most exciting aspects of 2011 and a perennial key to our success is the high quality of companies that we are privileged to work with, said David Provost, Vermonts Deputy Commissioner of Captive Insurance. Were also seeing the States continued investment in staff helping us continue to provide outstanding customer service. Thats very much a part of what keeps Vermont the Gold Standard.

Despite the soft market each quarter of 2011 had steady growth. This strong year is testimony to our continued commitment to maintain Vermonts reputation as the Gold Standard of domiciles, said Governor Peter Shumlin. While other states continue to falter, Vermonts stability and support has never wavered. We will continue to address the needs of the industry going forward and will not rest on our laurels.

The top industries licensing captives in the past year in Vermont were insurance, hospitals and medical groups and manufacturing. Vermont was also busy with activity in risk retention groups which continue to be a growth sector.

Vermont is the leader in RRGs and that trend has been a constant. Another area of growth has been in redomestications of existing captives from other states and jurisdictions. We continue to hear that Vermont provides the greatest value for your captive insurance company, said Daniel Towle, Director of Financial Services.

As 2012 begins, two new captives have been licensed and there are already four applications pending according to Towle. The overall market may be soft, but it is also very dynamic and we expect good things to come from 2012.

Captive insurance is a regulated form of self insurance that has been around since the 1960s, and has been a part of the Vermont insurance industry since 1981, when Vermont passed the Special Insurer Act. Captive insurance companies are formed by companies or groups of companies as a form of alternative insurance to better manage their own risk. Captives are typically used for corporate lines of insurance such as property, general liability, products liability, or professional liability. Growth sectors of the captive insurance industry include securitization, professional medical malpractice coverage for doctors and hospitals, and the continued trend of small and mid-sized companies forming captive insurance companies.

For more information on Vermonts captive industry, visit http://www.vermontcaptive.com, call Dan Towle at 802-828-5232 or email dan(dot)towle(at)state(dot)vt(dot)us.

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Nationwide Title Clearing (NTC) Featured in Giants of Innovation


Palm Harbor, Fla. (PRWEB) January 16, 2012

Nationwide Title Clearing (NTC), the countrys foremost post-closing services provider for residential mortgages, is among the industry leaders featured in the new Giants of Innovation book from HousingWire. The publication will be released during the upcoming American Securitization Forum conference, which is the largest capital markets conference in the world. ASF 2012 will be held at the ARIA in Las Vegas from January 2225.

HousingWire publishes its Giants series annually. Giants of Innovation showcases leading mortgage technology companies, profiling select firms that exhibit strong business leadership, demonstrate a willingness to take risks, and create and implement cutting-edge products. While each concept is completely unique, there is one commonality that each company possesses each is an industry leader dedicated to pushing the envelope and setting the standard, said Paul Jackson, publisher.

NTC has made a name for itself by reinventing the mortgage assignment document process for the betterment of borrowers, homeowners, land records and the industry at large. These ongoing efforts have contributed to NTCs reputation as a true innovator. We collaborated with the nations most respected mortgage lenders and servicers to revolutionize the way mortgage assignments are prepared, stated John Hillman, CEO of Nationwide Title Clearing. Through our PerfectChain(SM) Assignment Verification Process, we have established best practices that set a new industry standard.

Hillman explained that NTC felt it was necessary to overhaul the assignment process to help mortgage lenders and servicers comply with government regulations as well as the standards mandated by their own legal departments. The process needed to be improved in such a way to guarantee and provide evidence of document accuracy, while also being feasible for mortgage lenders/servicers to implement, he elaborated. There are more than 3,600 county recording offices throughout the United States, and each one has its own rules and obligations. Our PerfectChain(SM) process makes it possible to meet the exacting requirements of every one of those offices.

NTCs land records/document experience and cutting-edge technology are described in greater detail within Giants of Innovation. ASF 2012 attendees may obtain a copy of the publication at the HousingWire booth in the conference exhibit hall. Additional copies will be mailed directly to an exclusive list of key mortgage servicers, lenders and investors, and an online version will be made available at a later date.

To learn more about Nationwide Title Clearing and its wide range of mortgage post-closing services, visit http://www.nwtc.com or call 727-771-4000.

About Nationwide Title Clearing, Inc.

Headquartered in Palm Harbor, Fla., Nationwide Title Clearing(NTC) was founded in 1991 and incorporated in 1992; and has since grown to become the nations leading post-closing services provider for the residential mortgage industry. In addition to supporting lenders, servicers and investors including eight of the top 10 residential mortgage servicers in the country NTC also contracts directly with several federal government agencies. The companys land records and document experts are able to track and fulfill county document requirements for more than 3,600 recording jurisdictions nationwide, and have considerable experience with state notary laws and valid execution practices. NTC specializes in processing lien releases, assignments, Mortgage Electronic Registration System (MERS

Southside Financial Group Changes Name to SFG Finance


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


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

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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