Residential Briefs

MBA NewsLink Staff

October 16, 2018

LenderLive Rebrands as Covius
LenderLive Holdings, Denver, the parent company of LenderLive Services, LenderLive Network and Require Holdings, announced it is rebranding itself as Covius Holdings.

Through various subsidiaries, Covius Holdings provides products to the financial services industry, including document management, regulatory compliance, commercial and residential loan due diligence, settlement services, business process automation and lien release tracking. There will be no changes to the name of LenderLive Network LLC, the private-label fulfillment subsidiary that Covius is selling to Computershare.

"With the pending sale of our Network Division, we chose a new brand--Covius--that reflects our new strategic direction," said Rob Clements, chairman and CEO of Covius.

The Mortgage Collaborative Expands Benchmark, Collaboration Labs, Working Group Member Engagement Initiatives
The Mortgage Collaborative, San Diego, added and expanded upon several of its member benefits. Earlier this year, TMC released its newly enhanced TMC Benchmark platform, a free monthly service that collects 45 production, operating, and performance metrics deemed most vital by their members and offers a dashboard report.

TMC's Collaboration Labs have continued to expand since 2017. Member interest has driven the expansion of existing Labs to include additional members; more than 40% of TMC lender members have participated in a Collaboration Lab thus far in 2018.

Additionally, TMC's Working Groups, an initiative that connects like professionals within the network, which currently includes a CRA Working Group, Women's Networking Group, Servicing Professionals Working Group and Marketing Working Group, will expand with a Capital Markets Working Group to start later this year.

HUD Awards $47M in Housing Counseling Grants
HUD awarded $47 million in housing counseling grants to help households find housing, make more informed housing choices or keep their current homes.

Grants will directly support the housing counseling services provided by 31 national and regional organizations, six multi-state organizations, 19 State Housing Finance Agencies and 207 local housing counseling agencies. In addition, HUD is awarding $3.5 million to four national organizations to train and certify additional housing counselors.

The Closing Exchange Launches CXChoice Signing Services Platform
The Closing Exchange, Huntington Beach, Calif., launched a patent-pending signing services platform, CXChoice.

The Closing Exchange supplements the platform with the power of a network of trained and certified signing agents, and offers customized client-specific training to help ensure that the client's processes and controls are maintained throughout the experience.

Roostify Integrates with Ellie Mae's Encompass
Roostify, San Francisco, announced its platform now offers a bi-directional integration with Ellie Mae's Encompass® digital mortgage lending platform. The integration allows lenders to pass information between the systems, driving quality and efficiency in the loan origination process.

Applications created in Roostify will now automatically appear in Encompass, and uploaded documentation such as bank statements will be accessible in both systems. Consumers will also be able to review and sign Encompass-generated documents in Roostify, giving them a consistent, unified experience throughout their loan transaction.

TopLine Federal Credit Union Selects Mortgage Cadence's Loan Fulfillment Center
TopLine Federal Credit Union, Minneapolis, selected Mortgage Cadence, Denver, to modernize its mortgage operations using the company's product suite.

TopLine has replaced all legacy systems with Mortgage Cadence's Loan Fulfillment Center, Borrower Center, Document Center, Imaging Center and Collaboration Center.

Norcom Mortgage to Use Pavaso Platform for Electronic Mortgage Closings
Pavaso, Plano, Texas, said Norcom Mortgage, the largest independent purchase mortgage lender in Connecticut, will use Pavaso's digital mortgage closing platform.

Norcom is the first Connecticut-based lender to offer electronic mortgage closings to its customers. The Pavaso Platform will be used through Norcom's new eClosing process, "Swift Sign."

Radian Debuts New Visual Identity
Radian Group Inc., Philadelphia, debuted its new brand identity at the Mortgage Bankers Association Annual Convention & Expo.

Disruption is a key theme underlying the new Radian brand identity, which features a dash of teal anchored by a solid navy blue wordmark. Over time, Radian's new logo will unite all of its businesses under one brand. A dedicated website has been established at to showcase the company's business strategy and brand identity, and to keep customers informed with updates as Radian transitions its businesses to its new brand.

Richey May Acquires Interest, Partnership with Amata Solutions
Richey May, Denver, an accounting and advisory firm serving the financial services and real estate industries, announced it formed a partnership with Amata Solutions to bring customized business intelligence tools to mortgage lenders.

Richey May has also acquired an interest in the firm. Products and services provided by Amata Solutions will be wrapped into Richey May Technology Solutions, a division of Richey May launched earlier this year to provide lenders with technology consulting services, including cybersecurity tools and expertise. The partnership follows Richey May's recent acquisitions of two IT consulting firms, Arrow Partnership and Corporate Blue.

Deephaven Non-QM Mortgage Products Now Available through Calyx Point
Calyx Software, Dallas, announced that all Calyx Point users can now access Deephaven's non-QM mortgage products, enabling them to serve more borrowers and capitalize on the growing opportunities for non-QM.

Originators can determine fit across Deephaven's non-QM loan programs and help borrowers that might not qualify for agency programs. Originators can run Deephaven's IDENTI-FI AUS Findings Report on any loan file in Point without having to import/export a 1003 or credit information. Originators do not have to be preapproved with Deephaven to see a detailed breakdown of the qualification criteria applied, along with documentation requirements.

CoreLogic Launches Suite of AVMs
CoreLogic, Irvine, Calif., introduced its Total Home Value suite of automated valuation models, which incorporates new cascade methodologies designed to help simplify AVM selection and provide optimal performance levels and delivery options for specific business needs.

Total Home Value AVM products are currently available for portfolio monitoring, consumer-facing, origination, collateral analysis and marketing, with additional products to follow before the end of 2018.

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