Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm investing in financial services, has signed a definitive agreement to become the majority investor in LenderLive Network Inc. (“LenderLive”), a Denver-based, end-to-end mortgage services provider.
Founded in 1999, LenderLive serves more than 300 financial institutions including a number of the world’s largest commercial/investment banks and top-tier mortgage lenders. The company’s suite of offerings includes mortgage origination, subservicing, document solutions, due diligence, and title and closing services.
“Aquiline has financial services operating experience and a reputation for building value within their portfolio companies,” said Rick Seehausen, Chief Executive Officer of LenderLive. “Aquiline will provide the strategic guidance and resources to accelerate our growth and support the continued development of the technology and solutions that provide our clients with competitive and compliance advantages in the market.”
“Increased market complexity and heightened regulation are driving demand for compliant, cost-effective residential mortgage solutions,” said Jeff Greenberg, Chief Executive Officer of Aquiline. “We are excited to be partnering with Rick and his team to support LenderLive’s core business and strategic growth initiatives in the mortgage services industry.”
The transaction, the terms of which were not disclosed, is subject to customary closing conditions.
About The Author
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at firstname.lastname@example.org.