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Simplifile and Rekon Technologies Enter into Strategic Integration Partnership

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Provo, Utah (PRWEB) January 12, 2009

Simplifile, the leader in e-recording, and Rekon Technologies, a leading software vendor in the mortgage loan servicing industry, today announce that they have entered into a strategic partnership to integrate Rekon’s lien release and assignment processing system into the Simplifile e-recording system.

The newly formed partnership will allow users of the Rekon processing system to instantly and securely send documents to the Simplifile e-recording system. The solution will automatically upload recordable documents into the customer’s Simplifile account and create a new e-recording package. This tight integration allows Rekon users to quickly and easily prepare documents and electronically record them with Simplifile’s enabled counties throughout the United States from the convenience of their own office.

“Rekon is known for its advanced method of lien release and assignment document preparation,” said Aurora Marsh, CEO of Rekon Technologies. “By integrating Rekon into the Simplifile e-recording system, the combined solution fuels the current industry trend toward paperless solutions. Our strategic partnership with Simplifile provides our clients with an opportunity to build state-of-the-art networks that will give them the edge in delivering excellent customer service, resulting in increased customer satisfaction.”

“Simplifile is pleased to work with Rekon to bring the benefits of industry leading lien release and assignment processing with the Simplifile e-recording system,” said Erik Blomquist, Simplifile Vice President of Technology. “Rekon is a leader in the mortgage loan servicing industry. With the integration of Rekon into the Simplifile e-recording system, our mutual clients will benefit from the integrated systems to more efficiently prepare and record documents, and virtually eliminate the need for paper documents.”

About Simplifile

Simplifile provides innovative, simple, and secure electronic recording services via the Internet. Simplifile’s customers include title companies, banks, attorneys, lien filers, and county and state government jurisdictions. Simplifile electronic recording services accelerate document recording and simplifies document workflow processes that reduces costly overhead associated with traditional submission and recordation methods while improving client service levels.

Simplifile is focused on building the industry’s de facto electronic recording network. As such, Simplifile provides a streamlined and scalable approach to electronic recording tailored to organizations of all shapes and sizes. For more information on how Simplifile can benefit your organization, visit http://www.simplifile.com or call 801.373.0151.

About Rekon Technologies

Rekon Technologies offers technology solutions to the loan servicing industry, providing tools to track, manage, prepare and record loan documents such as lien releases, assignments, UCC terminations, trailing documents and others.

Rekon Technologies’ flagship product and namesake “Rekon” is a fully sustainable workflow driven document preparation and management system, integrated with imaging and eRecording solutions to process loans from payoff to recording in a truly automated and paperless environment from anywhere in the world. Meanwhile, the DokTrak software is considered to be the most versatile document tracking and data warehousing technology solution, especially in resolving the gap between origination and servicing, including the processes of post closing and file certification for securitization. More information about Rekon Technologies and its products is available by visiting http://www.rekon.com or calling 626-577-4350.

“Simplifile” is a registered service mark of Simplifile, LC.

Rekon is a registered trademark of Rekon Technologies, Inc., a California corporation.

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SunGard Acquires PredictiveMetrics to Broaden the AvantGard Suite and Expand into Trade Credit Liquidity

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New York, NY (Vocus/PRWEB) February 03, 2011

SunGard today announced that it has acquired PredictiveMetrics, a provider of predictive scoring and analytical services for trade credit, debt collections, utilities and other markets. The acquisition will help extend SunGards AvantGard suite of receivables solutions to offer statistical scoring services that help organizations proactively analyze the credit and collection worthiness and likelihood of delinquency or payment across their receivables portfolio. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGards financial results.

PredictiveMetrics core services around credit and collection analyses will become part of SunGards AvantGard Receivables solution and will be marketed under the AvantGard Receivables brand. SunGard will continue to support the core markets including business-to-business, utilities and debt collection agencies. The predictive modeling solution will also be leveraged to build a new offering for trade credit liquidity decisioning across the receivables portfolio. This will help companies and lenders apply modeling to appropriately evaluate risk and liquidity, helping them better leverage key instruments such as credit insurance, collateralized lending, dynamic discounting, securitization, invoice financing and first / third party outsourcing.

Michael Banasiak, president, PredictiveMetrics, said, Being part of SunGard will help us offer increased flexibility and choice to the credit and collections community. We are very pleased to expand into new areas such as trade credit liquidity in order to deliver more sophisticated solutions for optimized liquidity management. Mike Banasiak will join SunGard as part of the AvantGard team.

C.J. Wimley, executive vice president, trade credit liquidity solutions for SunGards AvantGard business unit, said, The acquisition of PredictiveMetrics is a strategic step forward in our long-term plan to help companies manage their receivables as a capital investment. Performing predictive analytics across the receivables portfolio helps companies mitigate corporate credit risk and gain valuable insight for improved decision-making.

About PredictiveMetrics

Founded in 1995, PredictiveMetrics, Inc. is a global leader in providing predictive scoring and analytical decision solutions using advanced statistical techniques for credit, collections and debt recovery collections. PredictiveMetrics decision technology spans many industries, types of financing, and ages of debt.

PredictiveMetrics is designed to conduct vigorous and sophisticated analytics coupled with innovative, advanced statistical techniques.

About SunGards AvantGard

SunGards AvantGard is a leading liquidity management solution for corporations, insurance companies and the public sector. AvantGard provides chief financial officers and treasurers with real-time visibility into cash flows and increased operational controls around receivables, treasury and payments. AvantGard helps companies drive free cash flow and reduce inefficiencies across the ecosystem of suppliers, buyers, banks and other trading partners. For more information, visit http://www.sungard.com/avantgard.

About SunGard

SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $ 5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company.

Trademark Information: SunGard, the SunGard logo and AvantGard are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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AVM Technology Provides Insight Into Risk Assessment for Secondary Market Users

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Santa Ana, CA (PRWEB) May 02, 2011

Veros Real Estate Solutions (Veros), an industry leader in enterprise risk management and collateral valuation services, has announced the release of a white paper entitled AVM Valuation and Forecasting Technologies: Capital Markets. It is free and available for download at http://www.veros.com/AVMValuationForecastingTechnologies.pdf.

The white paper provides insight into how the functionality of automated valuation modeling (AVM) technology helps to generate important information required to improve portfolio and risk management analytics, as well as optimize capital investment allocations. Also highlighted is the use of AVM technology in residential real estate platforms.

Three years after one of the biggest U.S. residential housing market crashes in history, investors still feel skittish about investments in the RMBS market due to discomfort in the ability to properly analyze risk, said William J. OBrien, capital markets sales director for Veros. While the housing market remains flat, there are opportunities available that can be capitalized on by making calculated risks using AVMs. Our goal is to breathe some life back into the housing markets by helping investors make smart decisions.

Included is a synopsis of what the data availability and analysis was pre-crisis and how this standard contributed to the housing market crash. A review of directives that addresses analytics and risk management post-crisis is also included. The paper concludes with an explanation of how AVM modeling provides the transparency and accuracy that investors need to be confident in making decisions.

This is the first of three white papers focusing on AVM technology and its various applications to the secondary investment market, as well as the residential housing market.

To download a free copy of the white paper, please visit: http://www.veros.com/AVMValuationForecastingTechnologies.pdf.

About Veros Real Estate Solutions

Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Veros products and services are optimizing millions of profitable decisions throughout the mortgage industry, from loan origination through servicing and securitization. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, Calif. For additional information on Veros, visit http://www.veros.com or call (866) 458-3767.

Media Contact

Emily J. Carpenter-Pulskamp, APR

Public Relations Manager

epulskamp(at)veros(dot)com

(714) 415-6381

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Vermont Strengthens Captive Insurance Legislation; New Bill Signed into Law Allows Incorporated Protected Cells

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Montpelier, VT (PRWEB) May 20, 2011

Legislation passed by the 2011 session of the Vermont Legislature and signed into law by Governor Peter Shumlin expands Vermonts captive laws, to include allowing cells within a sponsored cell captive to be formed as incorporated protected cells. The bill was signed into law before a group of industry supporters on May 11.

This bill is testimony to our commitment to keep pace with the changing needs of this industry, said Governor Peter Shumlin. I commend the Legislature for their hard work and commitment to keeping Vermont the gold standard for captive domiciles.

Another change in the new captive insurance law creates greater flexibility within cell structures on business written by a sponsored captive and who can own a sponsored captive. These updates will allow more companies to domicile in Vermont and utilize the option of having incorporated cells. This is accomplished without limiting any rights or protections afforded by cells created by contract, said David Provost, Deputy Commissioner of Vermonts Captive Insurance Division.

Cell owners will now have more options, said Dan Towle, Director of Financial Services. Vermont will continue to license quality companies that may be sponsors of cell structures as long as they meet our regulatory requirements. The new law offers greater flexibility in their structures and ownership. Vermont currently has 18 sponsored cell captives with over 100 individual cells.

The bill also makes permanent the elimination of the first year minimum tax of $ 7,500 for newly licensed captives. It was a way for the Legislature and Governor to say thank you to an industry that has been so beneficial to Vermont, said Richard Smith, President of the Vermont Captive Insurance Association (VCIA). The VCIA was a strong supporter of this legislation and was a partner with the State in its passage.

After a strong 2010 with the licensing of its 900th captive insurance company, the State of Vermont enacted these changes to the Captive Insurance law in the Legislature as part of its annual enhancements to its captive statute, according to the Department of Banking, Insurance, Securities and Health Care Administration (BISHCA).

Vermont is off to its strongest start in years with nine captives licensed thus far with five applications in progress. Vermont is the largest captive insurance domicile in the U.S. and the third largest in the world, with $ 25 billion in gross written premium in 2010. Vermont is also home to captives formed by 42 of the companies that make up the Fortune 100, and 18 of the companies that make up the Dow 30 have Vermont captives.

Get to Know Captive Insurance

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.

A sponsored captive is a structure created by a sponsor (typically an insurance company or other financial institution) to house individual insurance arrangements called cells. Each cell is created by the insured party, who is usually a customer of the sponsor, to insure its own risk. Such programs are ideal for insured who want to explore the use of a captive without starting their own or to address a short-term insurance issue (captives are considered long-term solutions to long-term issues). In many cases, they serve as incubator space for new captive insurance companies, as the cell owner discovers the benefits of creating their own captive.

An incorporated protected cell is a cell of a sponsored captive that is created under Vermonts corporation laws as a true corporation, as opposed to a cell that is created by contract.

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

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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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Flip Any Database into an On the internet Useful resource with VT Organization Assetcloud Powered By /db

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Jersey Metropolis, NJ (PRWEB) November 06, 2012

VT Enterprise announces the quick availability of Assetcloud driven by /db, a resolution to the expanding data accessibility problem in fiscal market. As institutions grow to be ever more information-pushed, databases play a vital part in driving essential enterprise procedures. Nevertheless, companies frequently experience multiple databases in distinct departments that are difficult to obtain. Assetcloud driven by /db solves this knowledge administration difficulty by instantly turning any group of databases into a cloud of on the web information methods that are simply searchable and available by approved end users and apps.

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Data is at the coronary heart of economic services firms and banking institutions and hedge cash rely on depositories of industry and reference knowledge for threat administration, trading, and reporting. Likewise, insurance coverage organizations, utilities, and stores all count on info stored in multiple databases in distinct spots. The conventional way to take care of this data is to extract subsets of info by means of personal queries and to then distribute copies of the info to end consumers as spreadsheets or as dumps to information warehouses. The problem with this strategy is that it produces a number of, often inconsistent, copies of the exact same info. In addition, this approach is useful resource intensive and these copies usually lag powering the dwell data in the major databases.

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In Assetcloud information continues to be in its first programs but becomes uniformly available from a central spot. This empowers analysts to locate shared information with out difficult coding or queries. At the very same time, enterprise software developers understand advantages of this Source-Oriented Architecture due to the fact worth-included solutions are far more speedily designed all around references to on-demand knowledge methods and information silos can be averted. Equally crucial, Assetcloud run by /db is ideally suited for details exchange with exterior counterparties or for data publishing. The quick advantages are decrease fees, the reduction of info errors, and most of all the swift introduction of new providers and programs in the cloud.

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Central to VT Enterprises remedy is /db, a basic way to translate any field in one or much more databases into a URL website link that can be named from nearly any supply. The technology that this is based on is called RESTful world wide web solutions or Rest API. RESTful technological innovation has been utilised in Net-scale purposes for some time but improvement of net companies can be expensive and difficult. /db routinely turns any mix of SQL databases into a RESTful web support outfitted with features equivalent to NoSQL and graph databases. Accordingly, tough technological issues this kind of as accessing databases on cellular devices or merging structured and unstructured information collectively turn out to be possible. Provided the wonderful significance of info for financial corporations, Assetcloud is a /db answer custom made-personalized to fulfill lender or hedge resources distinct needs and involves protection, help for Microsoft Excel, and integration with buying and selling, danger management, and grasp information administration techniques.

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Obtaining labored in the monetary market for above twelve many years, industry data accessibility has been 1 of the most stubborn difficulties that I have encountered. suggests Victor Olex, CEO of VT Enterprise. There was no very good answer to cope with the seemingly infinite data feeds. 1 of our targets is to introduce a answer to this dilemma that is customizable enough to suit any organization but based mostly on accepted principles and simple programming resources. I am proud that we can now introduce Assetcloud powered by /db.

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Thetica Systems, a leading service provider of analytical instruments for Structured Finance merchandise, has been making use of Assetcloud to introduce an on the internet, cloud-dependent, variation of their technique. So much, we have deployed our providers to banks, hedge money, and other economic companies by inserting devoted servers at our client’s datacenters to approach extensive amounts of data as effectively as our analytics items., states Ariel Yankilevich, CEO and Co-Founder of Thetica Systems Inc. Even though on-website servers offer a strong and secure resolution to our buyers, it also boosts the expenses and set-up time.. By using Assetcloud, weve been capable to introduce a cloud-dependent edition of our products which reduces the startup price for our clients. In addition, our solutions are now less complicated and more quickly to switch on, thus lowering the entry barrier for new buyers.

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Assetcloud and /db are instantly obtainable and can be configured both as on-site or as a cloud-based remedy. Licensing expenses are regular monthly and depend on the amount of users and databases as nicely as the size of the databases. Alternatively, the licensing expenses can be structured on a for every-ask for-served basis, so that fees straight relate to generated income. VT Organization will be exhibiting Assetcloud and /db at the NY Enterprise Expo, booth #sixty six on November 14 and 15 at the 69th Regiment Armory in New York City. For far more details, you should see http://nybusinessexpo.net. Free of charge trial will be supplied to certified site visitors to our booth.

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About VT Company.&#thirteen

VT Enterprise is an revolutionary IT business that has been serving monetary solutions firms considering that 2001. With these kinds of firms more and more relying on information technology to increase providers and generate greater returns, entry to expert programmers and the ideal software program options has by no means been a lot more necessary. VT Company is established to help its buyers remedy intricate business problems by offering substantial good quality companies. In addition to supplying custom-made software development, VT Business offers authentic options to information management that can be tailor-made to an organization’s particular requirements. With businesses dealing with at any time much more issues to take care of massive information, VT Enterprises options are properly timed to the market. VT Enterprise is self-funded and privately owned. For more info, make sure you see http://www.vtenterprise.com and http://www.slashdb.com.

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About Thetica Systems.&#13

As Wall Avenue Securitization technologies pioneers, Thetica Systems understands the demands of Ab muscles industry individuals. Its clients consist of investment decision financial institutions, hedge funds, funds management, brokers, sellers and other people that commit in or keep an eye on structured finance securities, with customers from traders and buying and selling desks, study and item controllers to threat professionals, regulatory reporting and IT. Thetica from the Greek letter theta which signifies Considered, Existence Force and Cause and the term etica which signifies Ethics. Believed, reason and ethics are vital factors of any successful enterprise and determination to this notion is embedded in the companys name. For much more details, remember to see http://www.theticasystems.com as effectively as a modern online video on Company Working day.

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