tobydog
7 years ago
News..
Acceptance Capital Secures New Lender/Investor Relationship
2018-02-20 05:00 ET - News Release
SPOKANE, Wash., Feb. 20, 2018 (GLOBE NEWSWIRE) -- Complete Financial Solutions Inc. (“CFSI”) (OTC:CFSU) announced that its subsidiary, Acceptance Capital Mortgage Corporation (“ACMC”), has reached an agreement with FirstFunding, Inc., a privately held non-depository (non-banking) financial services company for a $5 million delegated warehouse line of credit.
“We have dealt with FirstFunding on a non-delegated basis for many years,” noted Allen Ringer, CEO of CFSI. “This new delegated relationship offers ACMC the ability to underwrite and fund loans originated by its branch network and to maximize the profitability from that part of the transaction. Because of this new warehouse vehicle, the increase in revenue per transaction could be meaningful, and will allow us to remain competitive in terms of fees charged to borrowers.” Mr. Ringer continued, “The ability to compete on fees offers our retail branches another valuable tool to grow loan production volumes.”
darealmr
7 years ago
Acceptance Capital Secures New Lender/Investor Relationship
GLOBENEWSWIRE - 11:08 AM ET
SPOKANE, Wash., Feb. 08, 2018 (GLOBE NEWSWIRE) -- Complete Financial Solutions Inc. (CFSU) (“CFSI”) (OTC:CFSU) announced that its subsidiary, Acceptance Capital Mortgage Corporation (“ACMC”), has reached an agreement with Wells Fargo Bank on a correspondent lender/investor relationship.
“Wells Fargo offers ACMC a new partner that we can use to originate and sell our loans,” noted Allen Ringer, CEO of CFSI. “The Wells solution, their proven business model, and capacity to serve our customers gives our loan originators a great new tool to serve our customers.”
Jim Laymac, ACMC Director of Marketing, also commented, “This deal allows us to sell directly to Wells Fargo and capture better pricing and margins ? and gets the ball rolling for secondary marketing. We are able to eliminate the middle man in the selling process while adding more mortgage products. It also positions us to become more profitable in 2018 from the margins gained on our retail sales and delegated underwriting rollout
tobydog
7 years ago
Buckner Brown, Managing Director
Bucky Brown is Managing Director at Moody Capital where he specializes in both capital raising and M&A / financial advisory transactions. Mr. Brown has more than 25 years of investment banking experience having previously been a senior investment banker at Lehman Brothers, ING Group and Morgan Joseph & Co. (among other firms). During his career, he has advised clients in a wide range of industries with regard to more than $15 billion of financing and M&A transactions. Bucky has extensive experience with a wide range of M&A transactions, including buy-side, sell-side, fairness opinion and going private transactions, as well as advising boards of directors with regard to financial and strategic alternatives. He also is experienced in helping small cap companies raise capital through various structures, including PIPES, Registered Direct offerings and other private placements. Mr. Brown received his MBA from the Sloan School of Management, M.I.T. and his B.S. from the Wharton School, University of Pennsylvania where he graduated magna cum laude. He also worked at Arthur Andersen & Co. prior to getting his MBA and is a former CPA. Mr. Brown holds Series 7, 24 and 63 securities licenses.
tobydog
7 years ago
David Pitt, Managing Director
David Pitt brings 30 years of experience in the investment banking and brokerage businesses to Moody Capital. From January 2011 to November 2012, Mr. Pitt was the Director of Institutional Sales for FT Global Capital, Inc. Mr. Pitt led the firm’s efforts in developing new and maintaining existing relationships with institutional investors and completing cross-border US/Asian transactions. From January 2007 through December 2011 Mr. Pitt was Senior Vice President of MidSouth Capital, Inc. and Argosy Capital Securities. From October 2001 through December 2006 Mr. Pitt was Senior Vice President of Investment Banking and a Partner of HPC Capital Management. From 1998 to October, 2001, Mr. Pitt was Senior Vice President at Cardinal Capital, LLC. Prior to joining Cardinal Capital in 1998, he was Vice President at Josephthal & Co., a New York Stock Exchange member firm. He also spent two years as Vice President of Prudential Securities. Mr. Pitt began his financial services career at Bear Stearns & Co., Inc. in 1983. Mr. Pitt graduated with a Bachelor of Arts degree in Marketing/Finance from Georgia State University.
tobydog
7 years ago
Marc Tesio, Managing Director
Marc Tesio is an experienced investment banker who has successfully raised in excess of $50 million of capital for life sciences and other companies. Most recently, he managed a registered direct public offering for Dara Biosciences, Inc., a life science company developing therapeutic treatments for diseases including diabetes. He also acted as financial advisor to ResverLogix, a Canadian biotechnology company that is developing two novel technologies for important global medical markets, and managed a early stage life science investment for Digene Corporation. Prior to his activities in healthcare corporate finance he managed a syndicate desk and oversaw trading and settlements serving international banks and European based institutional portfolio managers. He began his career at Oppenheimer. He holds a degree with honors in Financial Management from Old Dominion University. He serves his local community helping non-profit organizations and enjoys amateur Georgia State athletic competitions and his family in Atlanta. He holds the Series 7, 24, 63 and 79 securities licenses.
tobydog
7 years ago
Robert Rosenstein, President
Rob Rosenstein is a seasoned PIPE investment banker with a focus on life sciences and technology companies and equity financing transactions. He has over 15 years of experience in investment banking and retail / institutional brokerage firm operations. He has helped found and has been a partner in several boutique investment banks that were highly successful in PIPE financings. During his career, Rob has been actively involved in the sourcing, structuring, placing and closing of over 50 PIPE transactions valued at over $500 million. He has also placed over 25 IPO’s with a focus on life sciences and technology. Through these efforts, Rob has established key relationships with a large number of hedge funds, institutional investors and other investment managers who are active in investing in small and micro-cap opportunities. Rob is a graduate of Temple University and resides in the greater Atlanta area. He holds the Series 7, 24, 63, 65 and 79 securities licenses
tobydog
7 years ago
Tim Moody, Founder, Managing Member, and CEO
Tim Moody has been a licensed securities and insurance professional for more than 20 years. He current holds a series 7, 63, 79 and maintains two principal licenses - the general securities principals 24 and the municipal principals 53. Mr. Moody has been president and CEO of two broker dealers and is currently President and Managing Principal of Moody Capital Solutions, Inc., an investment banking firm headquarter in Atlanta, GA with representative located throughout the U.S. Moody Capital specializes in raising capital for micro cap – small cap public companies and has successfully raised over $100 million dollars over the past 6 years. Additionally Mr. Moody and his associates have raised capital for 32 de-novo banks and have completed several secondary offerings for community banks. Mr. Moody received his BA in finance from the University of Georgia and his MBA from Georgia State University.
tobydog
7 years ago
News..
CFSI Announces Acquisition of Moody Capital Solutions, Inc.
2017-07-06 05:00 ET - News Release
SPOKANE, Wash., July 06, 2017 (GLOBE NEWSWIRE) -- Complete Financial Solutions Inc. (“CFSI”) (OTC:CFSU) announced the acquisition of Moody Capital Solutions, Inc., effective June 30, 2017. Moody Capital Solutions is a small boutique investment banking firm headquartered in Atlanta, Georgia. The acquisition is subject to the approval of FINRA, the self-regulatory organization governing securities dealers.
Tim Moody, recently appointed President of CFSI, said, “We originally met CFSI to discuss opportunities to raise working capital for CFSI’s continued growth and expansion, and during those discussions we learned we had some common objectives and aspirations. Therefore, an amalgamation of our collective resources made a perfect fit.”
Mr. Allen Ringer, CEO, commented, “With the acquisition of Tim and his group, we could not be more excited about our future prospects.”
Toby..
tobydog
7 years ago
Moody Capital Solutions
Tim Moody, Founder, Managing Member, and CEO
Tim Moody has been a licensed securities and insurance professional for more than 20 years. He current holds a series 7, 63, 79 and maintains two principal licenses - the general securities principals 24 and the municipal principals 53. Mr. Moody has been president and CEO of two broker dealers and is currently President and Managing Principal of Moody Capital Solutions, Inc., an investment banking firm headquarter in Atlanta, GA with representative located throughout the U.S. Moody Capital specializes in raising capital for micro cap – small cap public companies and has successfully raised over $100 million dollars over the past 6 years. Additionally Mr. Moody and his associates have raised capital for 32 de-novo banks and have completed several secondary offerings for community banks. Mr. Moody received his BA in finance from the University of Georgia and his MBA from Georgia State University.
Toby..
NeverShort
7 years ago
CFSI Appoints Executive to Oversee Growth
SPOKANE, Wash., June 22, 2017 (GLOBE NEWSWIRE) -- Complete Financial Solutions Inc. ("CFSI" and OTC trading symbol "CFSU") Complete Financial Solutions Inc. ("CFSI" and OTC trading symbol "CFSU") today announced Tim Moody has been named President, effective immediately. As President, Moody will have responsibility for acquisition finance and capital markets transactions.
Moody, 58, is a 29-year veteran of the financial industry and since 2006 has served as President and Managing Principal of Moody Capital Solutions, Inc., an investment banking firm headquartered in Atlanta, Georgia, with representatives located throughout the United States. Moody has played a leading role in raising startup capital for 32 de novo depository banks and has completed several secondary offerings for community banks.
"Over nearly three decades, Tim has built an impressive record of strategic, operational and financial accomplishments," said Allen Ringer, Chairman and Chief Executive Officer. "He has proven to be a successful leader and brings to this position a strong reputation in the financial industry. We believe that Tim's leadership experience coupled with his strategic thinking and proven ability to deliver results make him the right person to help advance CFSI's growth agenda."
"I am excited and honored to take on this role and look forward to partnering with Allen and our leadership team to help accelerate the strategic actions we've outlined to stimulate growth across our Company, " said Moody.
About CFSI
Complete Financial Solutions Inc. is an emerging financial services company. Through its subsidiary companies, CFSI offers mortgage origination and processing services in 25 states. Acceptance Capital Mortgage Corporation ("ACMC") is a HUD-approved lender allowing ACMC to both bank and broker FHA loans. ACMC offers a spectrum of mortgage products through a variety of correspondent and broker relationships. For more information, visit www.cfsi.biz.