Panorama Mortgage Group has launched Novus Home Mortgage
as a new brand, focusing on conventional, government and specialty mortgages for the purchase and refinance markets.
Novus Home Mortgage is licensed to conduct business in more than 35 states. Eric Egenhoefer, the Founder and former Chief Executive of Waterstone Mortgage, was named Chief Executive Officer of the new endeavor, which joins other Panorama brands including Alterra Home Loans, Legacy Home Loans and Inspiro Financial.
"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."