National mortgage services firm gets nod from ratings firm
DENVER, May 2, 2011 – LenderLive Network Inc., an end-to-end mortgage services and document preparation provider, announced that Standard & Poor’s Rating Service (S&P) has reviewed and approved it as a due diligence provider for the review of mortgage loans in U.S. residential mortgage-backed securities submitted to S&P for a credit rating.
S&P published its original criteria in "Incorporating Third-Party Due Diligence Results Into the U.S. RMBS Rating Process” in Nov. 25, 2008 and with the latest review, it has added LenderLive to the list of approved third-party due diligence providers. According to the S&P announcement: “We believe that LenderLive meets the assessment factors we discussed in our criteria article …"
"Receiving this assessment from such a reputable agency as S&P helps validate our efforts in the secondary market and shows that LenderLive is committed to ensuring quality at every stage of the life of a loan," said Rick Seehausen, CEO and president of LenderLive.
LenderLive offers closed loan due diligence services through its conduit services division.
S&P, part of The McGraw-Hill Companies (NYSE:MHP), provides credit ratings and has offices in 23 countries. As an important part of the world’s financial infrastructure, S&P has played a role in providing investors information and independent benchmarks for their investments and financial decisions for 150 years.
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.