Industry Spotlight

NewDay USA, the country’s eighth largest lender of mortgages backed by the Department of Veteran Affairs (VA), recently renewed its warehouse facility with BankUnited for $100 million. With the renewal, the company has $400 million in warehouse commitments, including Texas Capital Bank and People's United Bank, according to a press release.

Calyx Software, which specializes in loan origination technology, recently revealed a new brand identity, website and enhanced service options for customers. The company wide visual transformation was designed to embody its mission and unify behind a single brand: Calyx.

Azimuth GRC LLC announced the official release of its automated regulatory compliance software in its first module for the mortgage industry. The innovative Azimuth GRC platform provides organizations with an efficient way to demonstrate up-to-the-minute compliance with industry regulations while eliminating time and costs previously spent on manual compliance tasks and processes.

Mortgage industry veteran Eric Egenhoefer recently joined Panorama Mortgage Group as a co-managing partner, and launched Novus Home Mortgage as a new brand of the company, according to a press release.

Quicken Loans, America’s largest mortgage lender, recently partnered with Vrbo, which specializes in vacation rentals, to allow rental income earned through Vrbo to be used to qualify for a mortgage refinance. The program utilizes rental income that is confirmed and documented to allow homeowners to more accurately illustrate their full income stream, according to a press release. 

Calyx Software, a leading provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers, announced today that Path, its cloud-based mortgage loan origination software (LOS), has been integrated with Land Gorilla, the leading construction loan management software provider.

Navy Federal Credit Union has been named the most reputable company in financial services by Reputation Institute’s 2019 US RepTrak 100. In its 12th year, the study measures the public perception of companies throughout the country using seven key elements of reputation to evaluate companies: products/services; workplace; citizenship; performance; innovation; governance; and leadership.

Mid America Mortgage, Inc. (Mid America) recently hired Kerry Webb as its executive managing director of business development, meaning he will be responsible for recruiting, managing and motivating teams of mortgage professionals to meet and exceed productions goals that align with the overall company’s strategic volume growth and profitability goals.

FormFree recently joined the Financial Data Exchange (FDX), a non-profit group that promotes information sharing and security standards for the financial sector.

Mortgage document preparation vendor International Document Services, Inc. (IDS), has augmented its flagship doc prep platform idsDoc to include full eClosing capabilities through a new service called ClickToClose, the company announced.