National fulfillment company taps expertise of renowned
financial service law firm
DENVER, April 12, 2011 – As the need heightens for lenders to meet ever-changing regulations, LenderLive Network Inc., an end-to-end mortgage services and document preparation provider, has tapped the law firm Hudson Cook, LLP to monitor the compliance of its mortgage documents.
"LenderLive is committed to providing the best services and products to our clients," said Rick Seehausen, CEO and president of LenderLive. "We believe having one of the nation’s premier financial services law firms engaged to provide LenderLive a comprehensive document review and continued monitoring to ensure compliance with applicable state and federal laws shows the level of that commitment.
"Hudson Cook has a proven track record of providing financial companies with legal insight on all matters related to residential lending,"Seehausen added. "The law firm’s experience, reputation and subject matter expertise across all their partners and associates will continue to be critical in LenderLive’s and our client’s success."
Hudson Cook reviewed and provided guidance on all of LenderLive’s application disclosure and closing document packages, which are provided through its document preparation division that is built on the company’s Guardian Mortgage Documents platform. The review ensured that legal and ancillary documents are compliant with state and federal regulations. Hudson Cook will continue to monitor and change documents as needed.
"In addition to our internal compliance team, Hudson Cook will give us extra peace of mind that our documents meet every compliance requirement, which gives our clients even more confidence in LenderLive and its Guardian Mortgage Documents platform as a trusted business partner," Seehausen added.
The review also included all junior lien instruments, ensuring that the documents comply with the simple language requirements, including the notes, mortgages and deeds required to secure the lender’s interest in the property.
"In today’s lending climate, including the shortage of credit, scrutiny on all facets of lending and mortgage servicing and the record levels of borrower default, the least of the lender’s worries should be on the instruments and documents used in the transaction," said Tim Meredith, Partner with Hudson Cook, LLP. "LenderLive’s continued engagement of our firm to support all facets of their fulfillment solutions as well as all of the clients of the Guardian Mortgage Documents solutions enables just that."
About LenderLive Network Inc.
LenderLive is a domestic-based mortgage services provider. Through its five divisions - origination services, conduit services, document services, settlement services, and loan servicing - LenderLive offers the people, technology and processes to support our clients’ origination, servicing and loan purchase operations. From large-scale, centralized operations centers, the company provides services to financial institutions of all sizes on a national basis. With tens of millions of transactions processed through its expansive service offering, LenderLive offers the vision, experience and innovation on which financial institutions can rely.