Company History

1999	LenderLive Network, Inc. was incorporated in July 1999 and immediately acquired the assets of two predecessor companies, IFS Direct and Preserv Financial, Inc. IFS Direct provided first and second lien (HELOC) retail fulfillment services nationally for Mellon Mortgage, Prudential Bank, and Aurora Loan Services from 1996-1999. IFS Direct also provided regional, private-labeled origination and fulfillment services for a number of community banks. Preserv Financial, Inc., a mortgage banking company, originated loans across a proprietary, state-of-the-art mortgage origination technology platform, which became the nucleus of LenderLive’s technology platform.
1999-2002	LenderLive expanded our retail outsourcing solutions through Internet originations and call center services.
2003	LenderLive developed a web-based, point-of-sale origination tool. Clients originated loans online and seamlessly submitted loan applications directly to us for back office fulfillment. At this point, we had enabled clients to capture loan originations through all retail touch points; walk-in, call-in, and click-in. Our services continued to grow as we introduced a portfolio retention service to large national servicers of first and second lien mortgage loans. We also began offering loan modification fulfillment services for our lender/servicer clients.
2004	LenderLive launched our wholesale service.
2005	LenderLive introduced our component, contract services, which included whole loan due diligence, contract underwriting, post closing/pre-purchase loan audits, quality control and compliance reviews. LenderLive initiated a technology hotline for our own distributed applications as well as other mortgage related, third party software applications. In addition, LenderLive successfully developed and launched a variety of custom mortgage technology solutions for various clients.
2008	LenderLive acquired the assets of Guardian Mortgage Documents (GMD), who has successfully provided document preparation services and software to the financial industry for 20 years. GMD was the exclusive document preparation company for LenderLive for 10 years prior to the acquisition.
2009	LenderLive is leading the way as a mortgage services provider, on behalf of the nation’s leading financial institutions, to support the U.S. government’s Home Affordable Mortgage Program (HAMP) and the Home Affordable Refinance Program (HARP). We have assisted hundreds of thousands of borrowers to enter into trial loan modification plans.