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Eye on the Industry: Updates on MCS, Genworth, First American, and More …

From new appointments and digital platforms to rebranding initiatives, get the latest on the housing and mortgage industry in this weekly update.

Mortgage Contracting Services, LLC (MCS), a national provider of mortgage industry services based in Lewisville, Texas, is pleased to announce that three new executives have joined the company. Bringing their considerable expertise to MCS are Chief Information Officer Michael Housewright, SVP and Chief Human Resources Officer Marti Diaz, and SVP of Operations Danielle Laney. “The experience of Mr. Housewright, Ms. Diaz and Ms. Laney will be beneficial to the continued growth and expansion of our company,” said Caroline Reaves, MCS CEO. “Their exceptional talents and work history align with our company goals, and we welcome them to our team.” Housewright will work closely with senior management as the Chief Information Officer, where he will lead the information technology (IT) group of about 50 employees and manage strategic aspects of technology. Housewright is stepping into a familiar role, having held similar positions at Iron Mountain Inc. and Xerox Services. His experience involves the delivery of technology services to 200,000 customers in more than 40 countries, the acquisition of a competitor, and participation in the development of software solutions in support of customer initiatives.

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Genworth Mortgage Insurance has announced an enhanced integration with Ellie Mae’s Encompass digital mortgage solution to include new functionality for contract underwriting services. The enhancement allows lenders to submit loan applications directly through the Encompass interface for contract underwriting with or without mortgage insurance, adding a new offering for customers who use both the Genworth and Encompass solutions*. “Integrating contract underwriting into the Genworth-Encompass workflow expands our multi-solution offering and extends our expertise in another key area to all our customer segments,” said Erika Martin, Director, Customer Experience and Segment Marketing, Genworth Mortgage Insurance. “This expanded partnership, against the backdrop of our best-in-class underwriting capabilities, advances our goal of driving innovation to facilitate homeownership opportunities for new and existing homeowners.”

Santa Ana, California-based mortgage lender, First American Mortgage Solutions, has announced the expansion of the application programming interfaces (APIs) available through its Digital Gateway, giving users greater flexibility to create modern, consumer-friendly applications and workflows. First American Mortgage Solutions’ digital gateway serves as a single platform for mortgage lenders and servicers, Loan Origination System (LOS) providers, fintech companies and Point-of-Sale (POS) solution providers to access data and services across the First American enterprise. The APIs and flexible architecture can be used to create digital mortgage applications focused on borrower experience. The benefits of this expanded line include loan application efficiencies via auto-population and data validation, as well as simplifying complex tasks and improving overall efficiency. “Since the initial launch, customer feedback has been extremely positive, and we expect increased engagement as more digital solutions emerge,” said Kevin Wall, President of First American Mortgage Solutions. “Our strong set of APIs, with more coming soon, allows unparalleled flexibility and workflow configuration. We’re also continuing to streamline the integration of our data, products, and services to speed up digital transformation across the mortgage spectrum.”

Caliber Home Loans, Inc. (Caliber), headquartered in Coppell, Texas, the nation’s fourth-largest nonbank residential mortgage originator with approximately $44 billion in 2017 originations and a servicing portfolio in excess of $130 billion, has appointed Chad Smith, former loanDepot President of Direct Lending, as EVP, Head of Recapture and Direct To Consumer. Caliber is a privately-held financial services company, an approved Seller/Servicer for both Fannie Mae and Freddie Mac, an approved issuer for Ginnie Mae, and is an approved originator and servicer for FHA, VA, and the USDA. The company carries multiple servicer ratings from Standard & Poor’s, Moody’s, Fitch and DBRS.

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The Chicago-headquartered National Association of Realtors (NAR) has revealed a modern new visual identity to make its brand and mark more multi-dimensional, dynamic and future-focused. The new brand, redesigned for the first time in 45 years, leverages many of the familiar attributes and visual elements of the trusted Realtor mark, including the recognizable blue color palette, but moves the logo from a flat two dimensional image to 3-D, adding further depth, dimension, and elevation to the brand. “NAR and its members have always understood that real estate is, and always will be, a people-focused business,” said Elizabeth Mendenhall, President of NAR and a sixth-generation Realtor from Columbia, Missouri, and CEO of RE/MAX Boone Realty. “The evolution of the Realtor brand reinforces who we are as an organization – an unrivaled advocate and trusted resource in real estate, growing and adapting to the changing demographics and needs of today’s buyers, sellers and investors. It expresses the role that Realtors play in a meaningful and deeply emotional milestone in life, and more than simply a transaction, we are helping clients achieve their hopes and dreams.”

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