Leading fulfillment company grows reach in response to industry shift
DALLAS, Feb. 22, 2011 – LenderLive Network Inc., an end-to-end mortgage service provider announced today here at the MBA's National Mortgage Servicing conference its expansion into private-labeled subservicing and specialty servicing. The company operates through five divisions: origination services, conduit services, settlement services, document preparation and loan servicing.
For the past two years LenderLive has been a leading provider of component servicing solutions to servicers in the fulfillment of loan modifications and short sales. Through its expanded servicing division, LenderLive will offer traditional subservicing of performing assets, end-to-end specialty servicing to help optimize the resolution of distressed assets and will continue to provide component servicing for loan modifications, short sales and REO asset management. Last year, the company was involved in 25 percent of all HAMP loans in the country.
To manage the expanded loan servicing division, LenderLive has tapped David Vida as its new chief strategy officer and executive vice president of loan servicing.
Vida brings more than 20 years of experience in the mortgage industry to LenderLive. Most recently, he was the founder and CEO of Acqura Loan Servicing and Strategic Recovery Group. He was also president and co-founder of City Mortgage Services and held senior roles at H&R Block Mortgage and Option One Mortgage Corporation.
"We anticipate David’s level of expertise and vast experience in servicing will help us tremendously with our expansion into loan servicing and his broader knowledge of the mortgage industry will help us align all of our services into a cohesive service offering," said Rick Seehausen, CEO of LenderLive.
"For the past 11 years, LenderLive has produced a tremendous track record and garnered great respect in the financial services industry in delivering scalable, flexible and innovative solutions through its methodologies and proprietary technology," Vida explained. "We plan to further leverage the LenderLive platform and strategically integrate servicing into the company’s offerings and corporate culture."
About LenderLive Network Inc.
LenderLive is a Denver-based mortgage service provider. Since 1999, the company has offered the single-family mortgage loan industry private-labeled service and technology solutions to originate, process, underwrite and close loans on behalf of its clients. Through its five divisions - loan servicing, origination, conduit, document preparation and settlement services, LenderLive offers the people, technology and processes to support its clients’ mortgage operations and allow them to focus on their core business. The company provides services to global financial institutions and local community banks and credit unions. With tens of millions of transactions processed through its expansive service offering, LenderLive offers the vision, experience and leadership on which financial institutions can rely.