Posts Tagged ‘mortgage’

Court upholds conviction of ex-mortgage broker Persac

JACKSON — A federal appeals court has upheld the conviction of former mortgage broker Michael Persac Persac and former broker Jason Ellis were convicted in 2011. They were both ordered to prison and were ordered to forfeit more than $3 million and pay more than $781,000 in restitution. A three-judge panel of the 5th U.S. […] [...]

FNC: Appraisal Score makes history with patent

OXFORD — FNC Inc.’s Appraisal Score has received a U.S. patent (U.S. Pat. No. 8,244,563), making it the first patented appraisal review tool, according to the technology company. “Critics of the American appraisal process say the process is broken and they’re looking to new government regulations to fix the problem. But we’ve already developed the […] [...]

Ex-housing director Jefferson denied bond; reports to prison

GREENVILLE — The former executive director of the South Delta Regional Housing Authority has reported to a federal prison in Illinois to begin a 32-month prison sentence for embezzlement. The Delta Democrat Times reports U.S. District Court Judge Glen H. Davidson denied a request from Ann Jefferson that she remain free on bond while her […] [...]

Adcox joins PriorityOne

by Published: July 22,2012

Tags: mortgage, PriorityOne Mortgage, Simpson County

PriorityOne Mortgage recently hired Michelle Reed Adcox. She will be serving as the new mortgage loan originator for the Hattiesburg and Simpson County areas. Adcox previously served as AVP and mortgage loan officer at Trustmark National Bank in Magee. She has over 30 years of banking and mortgage experience. Adcox’s prior civic contributions include serving […] [...]

Valued Veterans now using FNC’s flagship product

OXFORD — Valued Veterans, a service disabled veteran-owned appraisal management company (SDVOSB) serving the mortgage finance industry, will use mortgage technology company FNC Inc.’s flagship. FNC reports Valued Veterans joins more than 80 other U.S. financial institutions currently using FNC’s Collateral Management System (CMS). Terms were not disclosed. “Many of the big box banks have […] [...]

Ex-Delta housing director to be sentenced next month

GREENVILLE — The former director of the South Delta Regional Housing Authority will be sentenced Aug. 2 in federal court in Aberdeen. WABG-TV reports sentencing will be at 10 a.m. before U.S. District Judge Glen H. Davidson. Ann Jefferson was convicted in March on two counts of embezzlement, two counts of obstruction of justice and […] [...]

Fitch returns rating status of Old Republic to ‘negative’

RIDGELAND — Fitch Ratings has revised the rating watch status for Old Republic International Corporation (ORI) and its insurance company subsidiaries to “negative” from “positive” following the company’s announcement to withdraw the spin-off of Republic Financial Indemnity Group Inc. (RFIG). Fitch had most recently placed the ratings on rating watch positive March 23 after ORI’s […] [...]

Ex-judge to be sentenced for mortgage scam

GREENWOOD — Former Greenwood attorney and judge Bobby Fisher will be sentenced tomorrow for his role in a mortgage scam. The Greenwood Commonwealth reports Fisher is to appear before U.S. District Judge Henry T. Wingate in Jackson. In January 2006, Fisher and former real estate agent Jim Pruett pleaded guilty to a scheme of falsifying […] [...]

Trustmark opens loan office in Birmingham

JACKSON — Trustmark National Bank recently expanded its mortgage division by opening a loan production office in Hoover’s Chase Corporate Center in Birmingham, Ala. “Alabama fits perfectly into our plans to extend Trustmark’s mortgage footprint from the solid customer base we have established during the last 20 years,” said Breck Tyler, Trustmark’s executive vice president […] [...]

FNC joins Asset Valuation and Marketing

by Published: September 14,2011

Tags: home loans, homes, houses, mortgage, real estate, residences

OXFORD — Mortgage technology company FNC Inc., creator of the Collateral Management System (CMS) recently joined with Asset Valuation and Marketing (AVM) as a new client. The Grand Junction, Colo.-based AVM produces valuations that reflect up-to-the-minute asset conditions. AVM president Tami Rund, said, “FNC’s stellar industry reputation and outstanding service standards are a perfect match […] [...]

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