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.
Novus Home Mortgage is a nationwide residential mortgage lender created to deliver a simplified loan process to consumers. It offers a full suite of conventional, government and specialty mortgage loans for both home purchases and refinances, and is licensed to do business in more than 35 states.
Panorama Mortgage Group’s brands include Alterra Home Loans, Legacy Home Loans and Inspiro Financial. Novus Home Mortgage is the latest addition to Panorama.
Egenhoefer, the CEO of Novus, said he was drawn to Panorama Mortgage Group because it empowers mortgage industry leaders to maintain their own process, culture and brand identity while leveraging Panorama’s core services.
“All of the Panorama Mortgage Group brands benefit from the economies of scale it provides,” Egenhoefer said. “In total we have over 550 employees at Panorama. Each brand can leverage the same human resources team, the same accounting department and a host of other shared resources. We can lower secondary market, finance, accounting and IT support costs because of scale. The resources, platforms, and technologies that are available to 500-600 employees are far better than those of a smaller company.”
Novus Home Mortgage has invested in cutting edge digital lending solutions as it strives to achieve the optimal home lending experience.
“Novus is leveraging the latest technologies to deliver a simpler, more efficient and more transparent mortgage process for all involved, including the borrower, the real estate agent and our loan officers,” Egenhoefer said. “We are also very interested in lead incubation, from the time of inception to application.”
Novus is working with Realtors and other referral sources on joint lead generation and co-marketing.
“We’re using predictive technologies to create more opportunities for loan officers to prospect and nurture leads properly,” Egenhoefer said. “The aim is to get to consumers first, cultivate leads, and then deliver a more tech-forward, high touch, and streamlined experience for borrowers. We continually look for ways to innovate, allowing us to stay ahead of our competition.”
Egenhoefer has worked on building some of the most successful organizations in the mortgage industry over the last 20 years. Between 2000 and 2018, he founded and grew Waterstone Mortgage Corporation into a $2.6 billion business. Egenhoefer also sits on Ellie Mae’s Executive Advisory Board, is a member of the Mortgage Bankers Association, and serves as an advisor to several industry groups.
Egenhoefer is excited about the opportunity to work with Jason Madiedo, the founder and CEO of Alterra Home Loans and past president of the National Association of Hispanic Real Estate Professionals.
“It’s great to partner and work with Jason, who’s has a very successful mortgage company for over twelve years,” Madiedo said. “I admire him as a mortgage industry innovator and appreciate him as a friend.
“Eric is a key addition to the company,” Madiedo added. “He brings tremendous value not only to Novus but to all of our brands, with his mortgage industry expertise and vision, along with his business acumen. We all win.”