From acquisitions and partnerships to appointments and recognition, see what’s happening in the mortgage industry in this weekly update.
Coppell, Texas-based servicer Mr. Cooper has announced that Kelly Ann Doherty is joining the company's executive leadership team as Chief Communications Officer. In this new role, Doherty will be responsible for overseeing all facets of external and internal communications, as well as corporate positioning for WMIH and its family of companies, including its flagship brand, Mr. Cooper. Doherty is a strategic communications expert and has played a key leadership role in crafting and promoting Mr., Cooper's story through several major initiatives, including the Mr. Cooper brand launch and the recent WMIH holding company merger. Doherty is well known throughout Mr. Cooper as an advocate for team members and Mr. Cooper's values. In her new position, she will be integral in Mr. Cooper's efforts to further enhance a people-first culture. Along with her team, Doherty has been essential in changing the way Mr. Cooper communicates externally, evolving the company's media outreach and social media channels, and, with one another, providing better tools and more opportunities to interact with our team members.
Computershare Loan Services (CLS), a global leader in mortgage servicing, announced its intent to acquire LenderLive Network, LLC, a leading fulfillment and secondary market service provider in the U.S. mortgage industry. Founded in 1999, LenderLive Network (LLN) has offices in the Denver, Los Angeles, and Jacksonville, Florida, areas. This acquisition, which is subject to regulatory approvals, will further strengthen Computershare’s growth in the U.S. mortgage services market, adding scale to its existing fulfillment and secondary market services provided by Capital Markets Cooperative and Credit Risk Solutions (formerly Altavera) and providing an additional source of new servicing volume. LLN’s private-label fulfillment team brings decades of experience to its clients, including financial institutions of all sizes. Their secondary market services will further enhance CLS’s ability to work with both government-sponsored and private market investors.
North Carolina-based non-bank mortgage servicing company, RoundPoint Mortgage Servicing Corporation (RPMS), has been selected as a subservicing partner for Bay Point Advisors, LLC, an Atlanta-based private lender providing small and medium-sized businesses with secured, mezzanine, bridge and DIP financing. “We are excited to add Bay Point to our diverse subservicing investor client base and we remain committed to partnering with organizations, such as Bay Point Advisors, as they continue to expand businesses and communities,” said Allen Price, SVP and Head of Business Development for RPMS, which services loans for a variety of investment banks, PE firms, hedge funds, mortgage banks, and credit unions. According to Charles Andros, President of Bay Point Advisors, “RoundPoint is very responsive to our needs and we are delighted by the service they provide.” Bay Point's Secured Lending group lends to small and mid-sized businesses where traditional loan sources do not exist and designs custom funding solutions that meet the unique needs of each business. Kevin Brungardt, CEO for RPMS said, “We are delighted to have been selected as Bay Point Advisors' subservicing partner and look forward to providing a world-class customer experience to its borrowers.”
Utah-based mortgage technology solutions-provider, SimpleNexus was ranked among the top 500 companies by Inc. recently. Ranked at No. 359, SimpleNexus said that the recognition came at a time when the company was seeing revenue growth and an increase in customer satisfaction. The company is known primarily for their private-label digital mortgage platform and mobile app. The platform connects mortgage lenders with borrowers and real estate agents, streamlining the exchange of data and documents for all parties throughout the loan lifecycle. According to a statement by SimpleNexus, 15 of the top 25 retail mortgage lenders in the US use its enterprise digital mortgage platform. "Over $100 billion in transactions have flowed through the platform, and over 450,000 borrowers have used the SimpleNexus app," the company said. “We are humbled by this recognition and acknowledge the direct role our lenders’ success using the platform has played in the significant growth we have experienced as a company,” stated Matt Hansen, Founder, and CEO of SimpleNexus.