Tag Archives: Funding

Overture Technologies Closes $6 Million Series C Funding Led by Capital Trust Ventures

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Bethesda, MD (PRWEB) December 19, 2008

Overture Technologies, the leading provider of decisioning software solutions that enable transparent, accurate and responsive lending processes, announced it has closed $ 6 million in Series C funding led by Capital Trust Ventures with continuing participation from CNF Investments, New Markets Growth Fund and other existing investors. Financing will be used to support market expansion to meet urgent and increasing demand for the company’s financial decisioning solutions serving the mortgage and education lending industries. In conjunction with the funding, Tim Meyers, Managing Partner at Capital Trust Ventures, has joined Overture’s board of directors.

“Today’s mortgage and student loan industries require consistent application of complex lending and pricing guidelines and thorough evaluation of ever-changing risk and asset valuation data to meet current and future regulatory requirements,” said Bill Kelvie, CEO, Overture Technologies. “This growth funding from experienced investors during a challenging time further validates our approach and will help us accelerate our reach for the markets we serve.”

Overture enables market efficiency and improves risk management in underwriting, pricing, servicing and valuing mortgage loans and assets with its Mozart suite of solutions, industry-leading automated decisioning software for originations and acquisitions, servicing, secondary marketing and the capital markets. In addition to Overture’s advanced FHA lending decisioning capabilities, its groundbreaking solution uses rules-driven decisioning for loan modifications to keep borrowers in their homes.
Overture’s education finance solutions empower colleges and universities, lenders, guarantors and other service providers to help students intelligently navigate the process of funding their education with Conductor, the leading online financial aid portal, the Student Loan Marketplace loan comparison tool and Amadeus, the premier student loan pricing and underwriting solution.
“Overture is providing business rules management systems for lending processes that can restore confidence in the credit markets and prevent the current crises in mortgage and education lending from happening again,” said Tim Meyers, Managing Partner, Capital Trust Ventures. “We’re pleased to invest in a company led by industry veterans and technology thought leaders who are enabling greater accuracy, transparency and efficiency for this significant and essential segment of the financial services sector.”

About Capital Trust Ventures:

Capital Trust Ventures provides growth-stage venture capital financing for information technology companies. We work closely to form a strong partnership with proven entrepreneurial leaders with the vision and spirit to build market-leading companies, help them to achieve scale and exit successfully. Our team of partners has extensive investing and entrepreneurial experience in multiple sectors including application software, emerging technologies, vertical software, new media, internet content, e-commerce and infrastructure software. Capital Trust Ventures is a member of the Capital Trust Group, a leading private equity and advisory firm. For additional information, visit http://www.capitaltrustventures.com.

About Overture Technologies:

Founded in 2000, Overture Technologies is the leading provider of decisioning software solutions that enable transparent, accurate and responsive lending processes for the mortgage and higher education lending industries. Overture’s customers are dedicated to providing superior mortgage underwriting, servicing and securitization services and to increasing students’ access to higher education financing alternatives. Overture’s leadership team applies decades of experience from leading financial services and technology firms including Fannie Mae, Freddie Mac, Goldman Sachs, IBM and KPMG to help our customers achieve their goals. For further information, call (301) 492-2155 or visit http://www.overturecorp.com.

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Woodbridge Structured Funding LLC Announces Second Quarter Results

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(PRWEB) August 13, 2009

Studio City, CA Buoyed by an insatiable investor appetite for Selling Structured Settlements and Lottery Payment investments, Woodbridge has reported record second quarter results. Scott Schwartz, executive vice president of Woodbridge announced, “Since the financial meltdown of fourth quarter we have seen incredible demand from both the selling side and investor side.

Our customers now have only one way of realizing cash and that is from the sale of their structured settlements or annuity. The days of refinancing and taking on new credit card debt are over as banks have cut way back and reduced credit lines and credit card limits for customers.”

Schwartz continued, “On the investor side since the securitization market collapsed and we switched over to marketing our products to private investors we have been inundated with investors seeking the safety and comfort of high yielding investments backed by “A” Rated insurance companies or state lotteries.”

Schwartz added, “Our product is one notch under treasury and yield 500 to 700 basis points more. It’s is no wonder that our product is flying out the door.”

Woodbridge Structured Funding LLC is a pioneer in the financial services industry. Over fifteen years ago, we innovated the purchase of future payments in return for a lump sum. Since 1993, Woodbridge Structured Funding LLC, its predecessor companies and founders, have bought hundreds of millions of dollars of lottery winnings, jackpots, structured settlements, annuities, mortgages and deeds of trusts–one satisfied customer at a time.

Woodbridge Structured Funding LLC can be found online at http://woodbridgeinvestments.com/

Press Contact:

Scott Schwartz

Woodbridge Structured Funding LLC

http://woodbridgeinvestments.com/

(866) 865-7044

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Structured Settlement Company Fairfield Funding Hires New General Counsel

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Stockbridge, GA (Vocus) December 4, 2009

Fairfield Funding is excited to announce the addition of Marc Harris, an attorney with almost 14 years of experience in the cash flow business with an emphasis on facilitating the purchase of structured settlement annuities and lottery prize assets, to their skilled team of financial service specialists. Fairfield Funding is a funding company that specializes in helping people receive cash for structured settlement, annuity, and lottery payments. In order to make sure every customer receives full compensation for their future settlement or lottery winnings, the Fairfield team strives to maintain a workforce that is dedicated to providing accurate information and exceptional service. Mr. Harriss abundant knowledge and outstanding reputation in the financial services industry undoubtedly makes him a great candidate for the position of General Counsel for Fairfield Funding.

Since 1996, Marc has worked as counsel in the asset securitization industry for two different companies that have processed over one billion dollars from those seeking to sell lottery winnings and structured settlement cash flows. He has extensive experience with each states legislative and regulatory process relating to the purchasing of these assets throughout the country. This knowledge is invaluable to the funding profession, because almost each state has its own specific law controlling the assignment of annuity or lottery winnings.

Marc is a 1992 graduate of Florida State University, and he earned his law degree from Nova Southeastern University in 1995. Aside from advising companies and their clients about smart and effective funding, Marc is also a professor of business law. His knowledge of structured settlement laws and experience teaching others make him the perfect fit for Fairfield Funding.

Client First Settlement Funding Hires Lisa Rae Donato as Chief Marketing Officer and Dan Fischer as Chief Financial Officer

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Boca Raton, FL (Vocus) December 15, 2009

Client First Settlement Funding, a growing structured settlement funding company offering lump sum payments to structured settlements and annuities owners, has hired Lisa Rae Donato as chief marketing officer and Dan Fischer as chief financial officer.

“I’m looking forward to creating a dynamic marketing program for Client First,” Donato said. “I am already at work on building a new Client First website and creating a structured settlement guide for our clients. I am dedicated to getting into our clients hands the information they need to make the wisest financial decisions possible.”

Lisa Rae Donato has more than 20 years of experience in the field of marketing. She founded Internet Marketing Press, a marketing consulting company, and co-authored 26 eBooks on the subject of Internet marketing. Donato has created and managed marketing strategies for several domestic and international companies. With a background in graphic design, she has designed and implemented numerous print and online marketing campaigns.

“I’m glad to have joined Client First during this exciting time of growth. I believe this company is committed to helping each client find that brighter financial future and I intend to contribute all the expertise I have towards that,” Fischer said.

Fischer has more than 20 years of experience in the financial sector. During his 14-year tenure with ABN AMRO Bank, he helped create and manage the residential and commercial real estate capital markets divisions. Fischer has extensive experience in securitization and whole loan sales and structuring, completing more than 50 domestic and international public and private securitizations, totaling over 20 billion dollars in issuance.

About Client First Settlement Funding, LLC:

Located in Boca Raton, Florida, Client First Settlement Funding specializes in purchasing and selling structured settlements and annuities nationwide. Since Client First is a direct funder, it can get clients the most money for their structured settlement or annuity based on individual needs and circumstances.

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Gracie Point Secures Funding for a $24 million Premium Finance Loan

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New York, New York (PRWEB) November 17, 2011

With almost thirty key person life insurance policies at stake, the client required $ 24 million of premium financing for their corporate owned life insurance. Tapping into their extensive capital markets network, Gracie Point identified an appropriate capital source and worked with all stakeholders to structure and close the loan.

Bob Powell, CLU, President and Chief Executive Officer of Gracie Point explains, In a premium finance deal there are many moving parts between the client, the funding source, and the carrier. The client selected Gracie Point to help them refinance this block of loans because of our ability to raise capital as well as our expertise and experience with life insurance and premium financing.

Bruce Lohman, a Senior Managing Director at Houlihan Capital, LLC, states, Houlihan Capital partnered with Gracie Point to secure the capital for this loan. We have identified substantial additional capital sources and are working with Gracie Point to fund similar transactions. Houlihan Capital is a specialty investment banking firm advising Gracie Point in obtaining capital for its premium finance business.

Gracie Point offers clients sustainable loan solutions. We believe that traditional premium finance plays a valuable role in the life insurance market, states Powell. Our integrated approach enables us to offer our producers, carriers and borrowers a single coordination source. We have the resources and expertise to manage the financing from start to finish.

About Gracie Point

Gracie Point is an independent specialty finance company focused on the fully-collateralized, traditional life insurance premium finance market with expertise in loan origination, structuring, and funding. Gracie Point utilizes a sophisticated, capital markets-driven funding technology as well as traditional bank lending platforms to generate broad and diverse capital sources so that it can offer sustainable premium finance loan products.

About Houlihan Capital

Houlihan Capital is a leading strategic financial advisory and investment banking firm with expertise in capital raising, securitizations, private placements, structured credit and other areas. Houlihan Capital has offices in Chicago, New York and Los Angeles.

To learn more, go to http://www.graciepoint.com or contact Larry Ikard at 212-487-5102. For Houlihan, go to http://www.houlihan.com or contact Bruce Lohman at 312-961-3502.

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ClearVision Funding Encounters Monumental Growth

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Santa Ana, CA (PRWEB) April 23, 2012

ClearVision Funding (CVF), a total support Wholesale Mortgage Banker, specializing in Conventional and FHA loans, closed a record $ 1 Billion, during the initial twenty-months of funding loans. The huge development is attributed to a more ahead-considering, strategic enterprise design that focuses on loan efficiencies and compliance, streamlined guidelines, and rewarding progress.

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Because ClearVisions 1st funding in June 2010, the companys report closing consists of $ 235.three Million in bank loan fundings throughout the initial quarter of 2012. This signifies a 177% enhance in excess of very first quarter of 2011, when the company funded $ 84.seven Million.

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The statistic supports the total wholesale lending organization on the increase. Even though the business still faces imminent challenges and regulatory demands on a daily basis, this enlargement arrives at an fascinating time for ClearVision, stated Jon Maddox, President of ClearVision Funding. With industry veterans major our team, and by committing to our enterprise associates lengthy phrase accomplishment, adhering to moral lending procedures and creating loans that buyers really require and can afford, ClearVision will proceed to establish a strong and lasting footprint in this new age of home loan banking.

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About ClearVision Funding

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ClearVision Funding, established in May possibly 2010, is at the moment approved to do business in Arizona, California, Colorado, Connecticut, D.C., Georgia, Maryland, Nevada, New Jersey, Oregon, Texas, Utah, Virginia and Washington. The firm is authorized by a assortment of aggregators and sells loans on a whole bank loan basis. ClearVision is an authorized Vendor/Servicer for Fannie Mae and Ginnie Mae, and have been securitizing goods, in addition. Based mostly in Orange County, California, ClearVision offers enterprise companions with seasoned and responsive operational assistance, integrity, outstanding client provider, and competitive pricing.

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To spouse with ClearVision and to look at their entire merchandise suite, check out http://www.clearvisionfunding.com

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About LEAP (Bank loan Express Acceptance Portal)

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LEAP is ClearVisions proprietary entrance-stop Loan Origination System. Valued enterprise partners obtain 24/7 entry to mortgage registration, pricing, lock, position and pipeline management. Built with emphasis on leveraging house loan-lending experience with technologies, LEAP is a cutting-edge resource that surpasses most products in the marketplace these days.

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ClearVision Funding Opens East Coast Operations to Help Quick Growth in Mortgage Banking

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Santa Ana, CA, (PRWEB) June 21, 2012

ClearVision Funding (CVF) is an approved Ginnie Mae and Fannie Mae seller/servicer. A leading wholesale house loan banker specializing in Conventional and FHA loans, the organization declared these days the opening of its East Coast Functions in Charlotte, North Carolina. Charlotte is a heart of mortgage enterprise and will provide the firm with the greatest chances to support jap broker companions domestically.

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We are going through expansion at an remarkable price, and we are dedicated to our business associates prolonged phrase good results, said Jon Maddox, President of ClearVision Funding. Maintaining unparalleled support stages is a top priority and obtaining the two a west and east coast functions will handle the exclusive requirements of our broker companions nationwide.

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The East Coast Operations is led by mortgage skilled Jay McMillan, Vice President. He provides above 20-a long time of lending knowledge, with extensive expertise in operations and income management, underwriting and secondary marketing and advertising. Prior to ClearVision Funding, Mr. McMillan put in eleven several years holding senior level positions at Determination A single Mortgage in Charlotte, North Carolina.

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Possessing started out his job as a mortgage loan broker himself, Mr. McMillan understands the evolving problems that brokers confront nowadays, and the answers they look for to increase their organization, explained Steve Curry, Government Vice President of ClearVision Funding.

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The company has acquired best-notch business veterans to set up a profitable start, and is at the moment attracting experience in crucial positions: Account Executives, both internal and exterior, Account Managers, Processors, Underwriters and Closers. For work possibilities, remember to visit http://www.clearvisionfunding.com/WholesaleLenderCareers.aspx. You might also deliver resumes to professions(at)clearfundings(dot)com

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About ClearVision Funding

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ClearVision Funding, a registered DBA of Pacific Union Financial, LLC was recognized in Could 2010, and is currently licensed in Arizona, California, Colorado, Connecticut, D.C., Ga, Maryland, Nevada, New Jersey, North Carolina, Oregon, Texas, Utah, Virginia and Washington. The organization is accepted by a range of aggregators and sells loans on a complete bank loan basis. ClearVision is an authorized Vendor/Servicer for Fannie Mae and Ginnie Mae, and has been securitizing goods, in addition. Based mostly in Orange County, California, ClearVision gives company companions with knowledgeable and responsive operational assist, integrity, excellent buyer service, and competitive pricing.

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To partner with ClearVision and to look at their full item suite, visit http://www.clearvisionfunding.com

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About LEAP (Bank loan Convey Acceptance Portal)

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LEAP is ClearVisions proprietary entrance-end Mortgage Origination Program. Valued enterprise companions obtain 24/7 access to loan registration, pricing, lock, bank loan status and pipeline administration. Developed with an emphasis on leveraging mortgage loan-lending experience with engineering, LEAP is a cutting-edge tool that surpasses most goods in the marketplace right now.

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NMLS 278166. North Carolina Mortgage Lender License #153779.

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ClearVision Funding Expands to Greater Headquarters in Orange County, CA

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Santa Ana, CA (PRWEB) November 19, 2012

ClearVision Funding (CVF), a major wholesale home loan banker specializing in Conventional and FHA financial loans, announced these days its relocation to bigger headquarters in Santa Ana. The new area at 3 MacArthur Area arrives on the heels of a period of steady, lucrative growth and high quality companies. All departments such as, marketing, pricing, bank loan approvals and fundings for broker companions will be handled at the new Santa Ana spot.

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We are very proud of what we have completed in this kind of a short time, explained Mr. Jon Maddox, President of ClearVision Funding. This go will double our place requirements in an effort to better assist our personnel progress and permit us to more enhance outstanding personalised service, Mr. Maddox ongoing.

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From the corporations humble beginnings in May possibly 2010, a group of 9 personnel began the eyesight. Operator Evan Stone and ClearVision Funding partnered to construct the greatest in class mortgage banker in beneath 3 many years. CVF has since established a track record of integrity and a higher amount of client satisfaction. The mortgage banker expects above $ two billion in fundings just before calendar year stop. Prior to the conclude of 2013, ClearVision assignments that it will more than double its current staff foundation to 300 in the Santa Ana headquarters. CVF also released in June 2012, an east coast operations in Charlotte, North Carolina, which addresses the distinctive requirements of its east coastline consumers regionally.

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About ClearVision Funding&#thirteen

ClearVision Funding, a registered DBA of Pacific Union Economic, LLC NMLS # 2221, was set up in Might 2010, and is at present certified or exempt from licensing in Arizona, California, Colorado, Connecticut, D.C., Georgia, Maryland, Nevada, New Jersey, North Carolina, Oregon, Texas, Utah, Virginia and Washington. The organization is authorized by a range of aggregators and sells financial loans on a whole mortgage basis. ClearVision is an approved Seller/Servicer for Fannie Mae and Ginnie Mae, and has been securitizing products, in addition. Dependent in Orange County, California, ClearVision provides business partners with seasoned and responsive operational assist, integrity, extraordinary consumer provider, and aggressive pricing.

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To spouse with ClearVision and to see their entire item suite, visit [http://www.clearvisionfunding.com

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About LEAP (Mortgage Convey Acceptance Portal)&#thirteen

LEAP is ClearVisions proprietary entrance-end Mortgage Origination Method. Valued business partners acquire 24/seven accessibility to financial loan registration, pricing, lock, mortgage standing and pipeline management. Built with an emphasis on leveraging mortgage-lending encounter with technologies, LEAP is a chopping-edge device that surpasses most merchandise in the marketplace these days.

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Equivalent Housing Loan provider. Licensing Info: California Finance Lenders # 603H992 Licensed by the Division of Businesses under the Household House loan Lending Act – RMLA # 8151237, Connecticut ML-BCH-278166, D.C. MLB278166, Maryland #19824, Minnesota #MN-BR-278188, North Carolina L-153779-a hundred and one, Oregon ML-3586-1, South Carolina 278166, Tennessee 112996-102, Virginia MC3651 and Washington CL278199.

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Funding For Ceremony Assist Houses Now Provided by Clopton Cash

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(PRWEB) March 21, 2013

Clopton Capital is a nationwide commercial actual estate finance firm that arranges and cash professional home loans for all revenue creating properties. The company money its loans via insurance policies organizations, cmbs securitizations, and banking companies.

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The company is saying that they are actively offering commercial mortgages for homes leased to Rite Aids nationwide. It has grow to be evident that it is much more challenging to finance these properties than formerly and many borrowers are possessing a difficult time locating funding resources. Clopton Funds is giving each recourse and on restricted instances non-recourse financing for these qualities for loan amounts earlier mentioned $ one million.

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Clopton Funds ranks as a single of the most lively and dynamic commercial actual estate finance corporations delivering lending possibilities nationwide for earnings producing homes. Offering commercial mortgages, building financial loans, bridge loans, and CMBS financial loans to debtors for a diverse variety of residence varieties and possession structures, Clopton Cash has the capability to satisfy almost any lending demands of residence owners and administrators.

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For far more details speak to a mortgage officer by calling 866-647-1650 or visit http://cloptoncapital.com.

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Silanis Tends to make Straight-by means of Processing of Funding e-Contracts and e-Mortgages Simpler with New Release of ApproveIt eVault Supervisor

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Montreal, QC (PRWEB) December fifteen, 2009

Silanis Technologies, the leader in digital signature approach administration, nowadays introduced that the newest release of ApproveIt eVault Manager allows house loan vendors, vehicle-financers and equipment leasers to go much more rapidly to straight by means of processing of e-contracts and e-mortgages. Already adopted by Open Dealer Trade, Stewart Title, main finance companies and loan companies, the answer reduces the cycle moments, expenses, data problems and risks of marketing, securitizing and syndicating financial loans, leases and mortgages.

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The new, completely ready-to-use portal and management console offers a turnkey solution for accessing the complete features of the ApproveIt eVault Manager the place the e-contracts and e-home loans can be securely transferred amongst electronic vaults, and then stored, managed, and verified electronically as being authoritative copies beneath ESIGN, UETA and UCC 9-a hundred and five specifications. With the new console, doc custodians, loan providers, traders, dealers, auditors and other staff can access files in the e-vault according to their permission ranges in buy to carry out various functions for which they are licensed.

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Offering, securitizing and syndicating financial loans, leases and mortgages include a intricate system of pricing and approvals that qualified prospects to elevated hazards, larger fees and a deficiency of transparency when processed manually in paper format, said Tommy Petrogiannis, President and Co-Founder of Silanis Technological innovation. The ApproveIt eVault Supervisor gets rid of these problems by enabling a financing transaction to be processed electronically from begin to complete.

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Financial loans, leases and mortgages that are signed electronically utilizing Silanis companion solution, the ApproveIt Net Server, can be transferred electronically from the point of sale immediately to an e-vault making use of ApproveIt eVault Manager. This gets rid of prolonged transport delays and fees, and decreases the threat of terms and problems on loan files currently being distinct from the application which results in the bank loan currently being delayed and paperwork being returned for re-functions. Making use of Smart files for e-home loans, notes can be transferred in from other e-closing systems as properly.

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ApproveIt eVault Manager guards these higher worth records during their lifetime as possession is transferred in between a variety of events and electronic vaults with the assurance that they are the authoritative copies. Authorized manage is preserved throughout development, storage, and transfer by making sure that a solitary authoritative copy of the file is exclusive and identifiable permitting only the secured party or its designated custodian to transfer, retailer, or change the discovered assignee of the authoritative duplicate and assuring the document can not be altered, besides as permitted, and identifying unauthorized revisions and non-authoritative copies

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ApproveIt eVault Manager is based on a registry that securely tracks the assignment and spot of financial loans, leases and mortgage loan contracts. It also performs all needed functions on the files stored in the technique. E-Vault storage is dealt with by means of a database that is in switch managed by the registry. Documents can be encrypted for additional security and numerous storage databases can be managed by a solitary registry allowing segregated storage for multiple lenders and buyers.

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The new ApproveIt eVault Supervisor Console enables corporations to get to market place more rapidly by providing a all set-to-use portal and management console for accessing the options potent administration, transaction, pooling, search, and overview and audit features. System directors, for case in point, can now simply configure the answer, register consumers and assign roles and permissions making use of the administration console. Registered users can sign-up files or and transfer possession or place by means of the portal. Pooled functions can also be effortlessly produced and assigned making use of the portal, and records can be swiftly searched, reviewed and audited.

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Keeping an conclude-to-stop electronic approach from mortgage closing appropriate by way of to securitization positive aspects all parties involved, explained Petrogiannis. Lenders acquire funds faster, although debtors reduce their dangers by getting greater visibility into the top quality of financial loans.

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About Silanis&#thirteen

Silanis Technology is the major company digital signature procedure administration remedies. The worlds premier insurance coverage and fiscal companies companies, significant govt businesses, integrators and services vendors count on Silanis to speed up business transactions and decrease expenses even though enhancing compliance with lawful and regulatory requirements. The companys digital signature platform, ApproveIt