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The Industry Pulse: Updates on Covius, McMichael Taylor Gray, and More …

The Industry Pulse

From new appointments and technology to rebranding and community initiatives, get the latest buzz on the industry in this weekly update.

Denver, Colorado-based provider of solutions, insight, and technology to financial services companies, LenderLive, has rebranded itself as Covius Holdings. LenderLive Holdings is the parent company of LenderLive Services,
LenderLive Network, and Require Holdings. The company said that there would be no change to LenderLive Network, LLC, the private-label fulfillment subsidiary that Covius is selling to Computershare.

“For twenty years, the LenderLive brand has been synonymous with outsourced private-label mortgage fulfillment,” said Rob Clements, Chairman, and CEO of Covius. “With the pending sale of our Network Division, we chose a new brand–Covius–that reflects our new strategic direction. In the past year, John Surface and I have refocused the company’s strategy on the services, information solutions, and technology that leading financial companies to depend on to thrive in a highly competitive, highly regulated environment. Covius has been the name of our established SaaS development platform. It speaks to what we have built to date and points to the future state that we are working toward.”

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Atlanta, Georgia headquartered McMichael Taylor Gray has announced the appointment of Mark Baker as the firm's Managing Attorney to oversee its Alabama and Tennessee operations. In his new role, Baker will be responsible for overseeing the firm's bankruptcy practice and all legal matters related to the Tennessee and Alabama region.

“McMichael Taylor Gray, LLC, is excited to bring Mark’s industry knowledge and legal mind to our team. We couldn’t be happier,” January Taylor, Managing Partner, McMichael Taylor Gray said.

Baker joins McMichael Taylor Gray with 30 years' experience in mortgage banking and creditor’s rights. Prior to joining the firm, he was the owner of Mark A. Baker Law, LLC based out of Tallahassee, Florida. Prior to that, he was the Managing Partner at Johnson & Freedman. He also served as the Judicial law clerk to a U.S. Bankruptcy Judge (L. Chandler Watson, Jr. (deceased), Northern District of Alabama.

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Connecticut-based law firm, Bendett & McHugh P.C. has partnered with the Connecticut Children's Medical Center (CCMC) to raise funds and support the children's hospital through their annual Miles for Miracles 5k that raises money for the hospital.

Back in 2011, Bendett & McHugh, organized their first Miles for Miracles 5k to benefit CCMC. Each year, they have watched it grow bigger and better with the support of co-workers, friends, family, industry colleagues, and the local community. To date, the firm has raised over $44,000 for Connecticut Children’s Medical Center. The law firm said that it was proud to support the efforts of the children’s hospital and looks forward to their continued partnership in helping make a difference.

The firm represents a wide array of local, regional and national clients in all New England States which include Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Founded in 1986, Bendett & McHugh has 30 years of experience in representing mortgage servicers and lenders.

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While FannieFreddieFHA, and VA's requirements for residential mortgage lenders to QC loan files post-closing have been in effect for some time, the process of selecting, reviewing (in a group separated from the origination group), and analyzing the results can cause problems when it comes to resource management, deadlines, and costs.

The Boston-based KLR Group has now announced a layered solution to the problems residential mortgage lenders face in complying with the review requirements. The solution consists of three options that can be configured to meet the specific needs of each lender individuallytechnology, full service, and staffing. The technology option is a software platform, unique and specialized for individual agency and loan-type review compliance. The platform is a production management and QA tool, guiding the reviewer through a full file review that includes rules, tolerances, and compliance measures. The platform fully supports results reporting and detail imperative to loan production quality improvement.

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About Author: Radhika Ojha

Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.
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