Black Knight has announced the launch of LoanCatcher a new loan origination system (LOS) designed specifically for the needs of mortgage brokers. The cloud-based platform, according to a statement from Black Knight, gives brokers “affordable access to the same level of technology leveraged by the nation’s largest and most successful lenders.” Built on the foundation of the NexSpring LOS acquired by Black Knight in March, LoanCatcher LOS includes integrations with systems across Black Knight’s origination ecosystem, the ability to download and deliver a loan file to any wholesale lender post-origination, and securely encrypted data storage backed up on the cloud.
The National Association of Mortgage Brokers (NAMB) has announced a new partnership with Dell, offering its members discounts of 5-10% on purchases of Dell products, stackable with additional Dell promotions. NAMB members can visit a special page on the Dell website — www.Dell.com/NAMB — to receive a coupon via email.
The initial public offering of Enact Holdings, Inc., is back on, with the company — a subsidiary of Genworth Financial —announcing 13,310,400 shares of common stock at a public price of $19.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on Sept. 16 under the ticker symbol “ACT.” The offering is expected to close on Sept. 20, 2021, subject to customary closing conditions. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,996,560 shares of Enact common stock from GHI at the initial public offering price, less an underwriting discount.
Covius Holdings, Inc., has announced that it has reached an agreement to acquire Nationwide Title Clearing, Inc. (NTC). The transaction is expected to close early in the fourth quarter, subject to customary closing conditions. The terms of the agreement were not disclosed. Upon closing of the transaction, approximately 670 NTC associates will join Covius, including the company’s senior management.
UMortgage is expanding with a new office in Wilsonville, Oregon. The branch will be led by Regional Vice President Kahren Oxner, who has over 20 years of experience as a loan originator.
Envoy Mortgage has announced the opening of the first of several new branches in the Atlanta area, a regional branch headquarters located at 3344 Peachtree Road NE, Suite 800. It will be managed by Phillip Sizemore, who has more than two decades of mortgage experience.