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LenderLive Names Bill Maw As Chief Financial Officer

LenderLive Holdings, Inc., a mortgage services provider, announced today that Bill Maw has joined the company as its Chief Financial Officer.

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Mr. Maw joins LenderLive with more than two decades of financial experience. Prior to joining LenderLive, he was the Chief Financial Officer of Liquidnet Holdings, Inc., for more than a decade. Liquidnet is a financial technology company that facilitates equities and fixed income trading for the world’s leading asset management firms in 45 markets. During his tenure at Liquidnet, Mr. Maw was responsible for all aspects of finance for the company, led the company’s capital raising process and oversaw acquisitions. In addition, Mr. Maw was also responsible for forecasts, analysis and reporting of business performance, and preparation of board material.

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Before Liquidnet, Mr. Maw held a series of senior finance positions at General Electric including Manager of Financial Planning and Analysis at GE Equipment Services, Controller & Head of the Transaction Advisory Group at GE Capital Aviation Services, and Controller at GE Global Consumer Finance.  He also spent two years in the Technology Group at GE Equity, where he was involved in originating and managing equity investments. Prior to GE, Mr. Maw spent more than 10 years in public accounting.

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Mr. Maw is a board member and chair of the Audit Committee of PYXERA Global, an international NGO. He is also a member of the Advisory Board for the Massachusetts Institute of Technology IDEAS Global Challenge.

“Bill is a seasoned financial services veteran with deep industry knowledge in financial management, operational improvement, leadership and business development,” said Rob Clements, chairman, and CEO of LenderLive. “He is an exceptional choice to lead the LenderLive finance and accounting teams. I am confident his addition to the team will better position us in the market as we continue to grow and evolve.”

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LenderLive Expands Its Compliance Services

LenderLive Services LLC, a division of LenderLive Holdings, Inc. (“LenderLive”), will now provide expanded compliance services through a new line of business: LenderLive Compliance Solutions. The new entity will offer both bundled and a la carte services to banks, non-bank mortgage servicers, credit unions, and other financial institutions. Maria Moskver, general counsel and enterprise compliance officer for LenderLive, will lead LenderLive Compliance Solutions.

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Over the past two decades, LenderLive Services has developed significant in-house expertise in regulatory compliance, operational controls, systems and industry best practices. The company maintains one of the most extensive template libraries, including origination documents for all 50 states, as well as borrower communications for loss mitigation, pre-foreclosure/default and general servicing. LenderLive is trusted by eight of the top 10 mortgage and financial companies in the U.S. for compliance and outsourced critical borrower communications.

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LenderLive will continue to offer its Compliance Solutions bundled with best-in-class fulfillment and document services, to enterprise clients.

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In addition, LenderLive Compliance Solutions will now give smaller companies the option to access its compliance solutions on an a-la-carte basis. This flexible approach will allow community banks, credit unions and regional banks to supplement their internal compliance resources with LenderLive’s proven expertise. These services include:

>>Ongoing regulatory monitoring and alerts for regulatory changes at federal and state levels.

>>Access and use of LenderLive’s wide-ranging state and federal template library.

>>Ongoing template updates and review services.

>>Client-focused webinars covering key servicing, loss mitigation and default topics.

Custom research and consulting on regulatory compliance issues, including operational and best practice perspectives, to accelerate implementation times.

“Historically, financial institutions have turned to LenderLive for turnkey solutions that have reduced costs and kept them compliant,” said Rob Clements, CEO of LenderLive. “What we are doing now is leveraging the embedded expertise we’ve developed and providing financial institutions these services in two distinct ways, helping to create greater efficiencies for every specific need.”

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Talking Digital Mortgages

There is renewed interest in the digital mortgage, but most LOS players aren’t ready. “When considered in the light of the pressing demand for digital mortgage capabilities, the areas in which today’s originations systems fall short become even more glaring,” noted STRATMOR Group Senior Partner Garth Graham. “When STRATMOR is consulting with clients – typically within the context of reengineering or establishing new origination platforms – we work toward implementing specific digital mortgage functional capabilities organized primarily around sales and fulfillment processes. Very few can currently be found in a commercial, off-the-shelf LOS.” So, we took Garth at his word and instead turned to an expert document provider to dissect the best way for lenders to embrace the digital mortgage. Here’s what Jonathan Kunkle, General Manager of LenderLive Document Services, told us about this and other hot industry topics:

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Q: Why did you first decide to enter the mortgage space?

JONATHAN KUNKLE: Funny question… I think the mortgage industry chooses us, not the other way around. (Did you not hear the giant sucking sound when it captured you, as well?) I was recruited into the industry from another field by the President of Guardian Mortgage Documents. My first role at Guardian was in sales, and I loved it from day one. At first, I didn’t speak mortgage; in fact, in my first meeting I wrote down three pages of acronyms I didn’t understand.

Q: How has the mortgage industry changed since you first got into the business?

JONATHAN KUNKLE: The Internet was relatively new when I started at Guardian and we’d just deployed one of the industry’s first web-based applications. It was technically sophisticated then, but technology has evolved so quickly that today’s software is light years ahead of where we started. In fact, I remember getting my first Blackberry, moving from analog to digital cellular mobile service, and dual computer monitors (the biggest technological leap in mortgage, according to Garth Graham at STRATMOR Group.) Obviously, technology has had a significant impact on lending and servicing. Today, we’re closer to the reality of digital mortgages and all things ‘e’, aka paperless. What I find most interesting is that the advent of technology has not driven down the costs of originating a mortgage or servicing a loan. Maybe, a better way to look at the lack of cost savings afforded by technology would be to consider that the fully-loaded cost of compliance and regulation is actually an offset to the cost savings that technology actually afforded the industry. Imagine the cost to originate a loan today if we didn’t have the efficiencies these technologies have afforded the industry to date.

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Q: How do you define digital mortgages?

JONATHAN KUNKLE: This is a great question, because in my mind the definition isn’t very clear across the industry. I think of a digital mortgage as one that is data-enabled. Data enablement or enrichment starts at origination, through a digital, borrower online application. This digital application needs to empower the process through digital data gathering (e.g., Yodlee, Plaid, Intuit, etc.), use the data for analysis, and only push exceptions to a human. A digital mortgage should interact with the consumer digitally: eSignature of the intent to proceed, eSignature of the loan estimate disclosures, and scheduling and follow up through the web interface, text, or other means of the consumer-selected communication path. Then the digital mortgage should be seamlessly processed, underwritten, and closed with minimal human interaction because the entire process is data enriched. Moreover, as more and more counties adopt digital notary acknowledgements, a true digital mortgage should be able to be executed as simply as an auto loan is executed today.

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Q: What are the benefits of offering a digital mortgage?

JONATHAN KUNKLE: First and foremost, the consumer demand for the mortgage loan buying experience is shifting to digital (queue the Millennials). Even though it may be the most important financial decision of someone’s life, the advent of technology allows for a personal, guided experience online. The lender should not lose sight of a critical point: when the borrower needs guidance, a human loan officer is a must-have component of that buying experience.

Steep cost reductions are another benefit: producing and manufacturing a digital mortgage should be a fraction of a traditionally originated, processed, underwritten, and closed loan. Why? Because it’s much more data-centric and less human-centric, thanks to automated decision making. Loans of the past required a human to make the cognitive decisions. With a data-enriched process, the human can focus only on exceptions.

And finally, a digitally executed mortgage has considerable benefits to the lender.  For example, a recent MBA study showed lenders save $1000 or more when closing loans digitally.

Q: What key hurdles still need to be cleared before the industry can go fully digital? For instance, Fannie and Freddie issued a survey identifying the lack of readiness from servicers, document providers, custodians and title/settlement agents as a key challenge.

JONATHAN KUNKLE: There are a still quite few hurdles for eMortgages, but I wouldn’t put the vendors in the mix of impediments. For example, our firm is ready for eMortgages today. The challenges are:

>>State and county adoption of digital notary.

>>Permissibility of eSignature on the SSA 89 form.

>>Investor readiness (and willingness) to buy digitally closed loans.

>>Warehouse line readiness to fund digital loans and take interim ownership of an eNote.

>>Adoption industrywide of the readily available eVaults. I know many lenders are anxious to start closing all loans digitally and many servicers are already onboarding loans with eNotes.

>>Title adoption of augmenting the closing package with eSign-enabled title documents.

Q: In building digital mortgages, what other considerations should lenders be thinking about?

JONATHAN KUNKLE: Regarding the digital front end, here are some critical thoughts:

>>Does the application process let the consumer pause and come back at any point in the future (without restarting the entire process)?

>>Are the connections to data sources (asset, income, collateral) capable of collecting data and images and both?

>>When the consumer opts out of data collection protocols, does it support image or document upload of the needed source doc?

>>What are the security features – does it support multiple authentication means and/or two factor?

>>Does it support home equity (HELOCs) through a more limited, TRID-free application process?

>>Can it seamlessly integrate to your product and pricing engine?

Is there a means to accurately estimate closing fees (i.e. accurate LE/CD production)?

>>Does it provide a means to communicate with the consumer in their chosen means?

Is it mobile enabled?

>>Does your consumer prefer an app or a mobile-enabled solution?

>>Does it interact with the AUS or does that remain in the LOS?

>>How does it drive a seamless workflow and can exceptions and escalations be routed back to the consumer?

>>Can it enable a compliant preapproval for purchase transactions?

Will the digital experience interact with your compliance service or does that remain in the LOS or doc service?

>>Does it integrate to your chosen eSignature application so that the borrower experience is the same throughout the entire process, including the loan closing?

>>What is the lender’s strategy to drive traffic, retain the applicant, and close the loan (i.e. Quicken’s Rocket Mortgage advertising)?

Q: What role does technology play in creating a digital mortgage experience?

JONATHAN KUNKLE: It doesn’t. Kidding… The technology will determine if the borrower can stay on the rocket path or exit to the self-propelled scooter circa 1950. Seriously, technology and digitization are totally transforming the mortgage experience.

Q: Where is LenderLive headed in the digital mortgage space?

JONATHAN KUNKLE: As a private label mortgage fulfillment provider, LenderLive needs to interact with multiple digital front ends. Our bank clients each have different strategies on consumer interaction and will choose a front end best suited for their strategy. Their consumer direct digital experience will also be critical to capture market share of the predominately purchase-driven market. As such, LenderLive is building a message layer to interact with the client’s selected front end. Moreover, LenderLive is preparing for the data-enriched process by enabling its back end processing to be free of the bondage tied to the traditional paper-based mortgage process.

Q: How is LenderLive freeing itself of that legacy process?

JONATHAN KUNKLE: We’ve invested heavily in our FACTCheck rules engine, that ingests source-of-truth data and runs complex rules and analysis on it to automate much of the cognitive thought process in the traditional mortgage. The FACTCheck solution in the market today is exclusively an income calculation tool, but we’ve already build asset and collateral valuation as well. The concept of FACTCheck is to take the available data, find normalcy in it, and then route exceptions for processing… but only when needed. We have proven that FACTCheck can eliminate 75% of the human processing needed if the origination channel is data enabled. This automation enablement will finally provide a technological lift in the cost of loan manufacturing.

Industry Predictions

Jonathan Kunkle thinks:

1.) There will be more than 1000 eNotes closed to date.

2.) Close a few dozen complete, end-to-end eMortgages in 2017 (with digitally signed and notarized security instruments)

3.) See multi-vendor-threaded versions of Fannie’s Day 1 Certainty and a Freddie version of the program.

Insider Profile

Jonathan Kunkle is general manager of LenderLive Document Services, one of the business lines of LenderLive Services, LLC. As a trusted premier services provider, LenderLive partners with financial companies to transform their day-to-day operations by delivering services and solutions that improve efficiencies, reduce operational errors, and mitigate compliance risk. In this role, he is responsible for client relations and the overall strategy of the company’s Document Services line of business, as well as their sales and client integrations. Kunkle has more than 25 years of experience in senior management roles, with 14 years in the mortgage industry. He joined LenderLive as vice president of sales in 2008 when the company purchased Guardian Mortgage Documents. There, he was responsible for all of the company’s sales initiatives.

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LenderLive To Assume PHH’s Private Label Mortgage Operations In Jacksonville

LenderLive Network, LLC (“LenderLive”) has reached a definitive agreement with PHH Mortgage Corporation (“PHH”) to assume its private label fulfillment operations in Jacksonville. In late 2016, PHH announced that it would exit the private label fulfillment business, and this agreement is expected to facilitate a smooth transition for both PHH employees and clients.

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All the appropriate parties, including the board of directors of PHH and LenderLive, have approved the agreement. The deal is expected to close by the end of the first quarter of 2017, as it is subject to certain regulatory requirements. At that time, the transitioning associates will become LenderLive employees and the operations center in Jacksonville will be rebranded as LenderLive.

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Under the agreement, PHH will outsource loan processing, underwriting and closing activities to LenderLive until the contracts with its current clients served out of Jacksonville have been transitioned and/or completed. LenderLive has agreed to service these accounts from the operations center in Jacksonville and to hire approximately 250 to 300 employees of PHH to work out of that location. Over the course of 2017, it is the intention to transition the clients requiring outsourced fulfillment services to LenderLive, the company said. In addition, the Jacksonville operations center, which is capable of supporting nearly 700 employees, will provide LenderLive the opportunity to expand its operations to meet the significant demand for services from LenderLive’s current and future clients.

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“We are excited about the opportunity of adding a significant number of talented mortgage professionals and establishing a new operations center for LenderLive in Jacksonville,” said Rick Seehausen, chief executive officer of LenderLive. “The arrangement accelerates our long-stated imperative of driving scale and operating leverage in our private label Mortgage Solutions business. We look forward to welcoming our new associates and demonstrating the benefits of our platform and business model to PHH clients. This is a win-win for everyone involved.”

About The Author

Tony Garritano
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 tony@progressinlending.com.

LenderLive Launches New Structure, Leadership Changes

Domestic-based mortgage service provider LenderLive has a new organizational structure that aligns its various business divisions under two broad units—mortgage and services—as well as corresponding leadership changes.

The two new units are LenderLive Network, LLC (Fulfillment, Lending and Servicing) and LenderLive Services, LLC (Settlement Services and LenderLive Document Services, which now includes GuardianDocs and Walz Group). Both report up to the existing holding company, LenderLive Holdings, Inc.

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The company also announced that:

>> Rod Walz, president and founder of WALZ, is now vice chairman of LenderLive Holdings. In this new role, he will be a strategic advisor to CEO Rick Seehausen and the executive team, as well as to the newly combined LenderLive Document Services.

>> Dave Vida, president of Mortgage Services, now serves as president of LenderLive Network.

>> Pete Pannes, the company’s chief revenue officer, has been named president of the new LenderLive Services, LLC.

>> Joe Mowery, general manager of Settlement Services, now reports to Mr. Pannes.

>> Jonathan Kunkle, general manager of LenderLive Document Services now reports to Mr. Pannes.

>> Maria Moskver, who was director of compliance solutions at WALZ, is now the company’s general counsel and enterprise compliance officer for LenderLive Holdings.

Commenting on the new organizational structure, Mr. Seehausen said, “Basically, our businesses fall into one of two categories: regulated, as is the case with our mortgage services, and unregulated component services, such as our title, origination and servicing documents offerings. Our new structure will make it easier for us to work with our regulators, accelerate the expansion of our title operations, and allow us to take advantage of synergies among our document and settlement services businesses. While a number of our executives have new leadership roles, they have all been instrumental in building LenderLive and are the right team to take us to the next level.”

About The Author

Tony Garritano
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 tony@progressinlending.com.

LenderLive Acquires Compliance Firm

LenderLive, a Denver-based, end-to-end mortgage services provider, announced today that it has completed the acquisition of Walz Group LLC (“WALZ”), a leading provider of regulatory compliance solutions, full-cycle critical document fulfillment and Certified Mail Automation. As a result of the transaction, WALZ will be a stand-alone division of LenderLive, operating under its existing WALZ brand. The current WALZ management team will remain in place, led by founder and president, Rod Walz.

“Rod and his team have built a world-class operation focused on critical communications, compliance, printing and Certified Mail solutions,” stated Rick Seehausen, chief executive officer of LenderLive. “They have also developed an impressive array of patented, proprietary technology, and we are confident that WALZ will be a highly-beneficial addition to the LenderLive platform.”

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Founded in 1983, WALZ specializes in solving the array of complex compliance requirements for the consumer financial services industry and providing technology to automate critical correspondence delivery through Certified Mail. The company has a deep understanding of the ever-evolving legal and regulatory requirements to properly deliver notices of default, loss mitigation and other servicing-related borrower correspondence. The company currently serves six of the top 10 mortgage servicers, four of the top 10 vehicle finance companies and more than a quarter of the Fortune 100 corporations. WALZ’ primary services include:

>> Compliance solutions that include monitoring, reporting, comprehensive review and implementation of legislative and regulatory changes at the state and federal level.

>> Compliance operationalized throughout the entire process of preparation, production and fulfillment of critical communications.

>> Certified Mail Automation that provides easy-to-use technology and forms to manage the entire mailing and returns process.

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“We chose LenderLive and Aquiline Capital Partners for their tremendous experience in mortgage and financial services; their ability to invest in our product and service offerings; and their shared focus on delivering exceptional client service and value,” stated Walz. “They will provide us with strategic and financial guidance, expanded resources and technology, as well as increased partnership opportunities.”

The acquisition will result in a uniquely comprehensive set of end-to-end services and products combining compliance, data management, back-office technologies, critical document management and fulfillment for highly regulated industries. LenderLive has also identified immediate synergies between LenderLive’s GuardianDocs™ business line and WALZ in the areas of loss mitigation and default services, and using the WALZ solutions in mortgage origination.

“The combined capabilities of GuardianDocs and WALZ will provide elegant solutions to today’s complex life-of-loan challenges,” Seehausen noted.

No other terms of the transaction were announced.

About The Author

[author_bio]

Tony Garritano
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 tony@progressinlending.com.

New Hires Signal Growth For One Vendor

*New Hires Signal Growth For One Vendor*
**Tracking New Hires**

***End-to-end technology provider LenderLive, has hired Eric Prosperi. He joins the company as senior vice president of document management solutions for its document services division. LenderLive has also brought on Chris Sabbe as senior vice president of strategy and business development for its loan servicing division. Here’s why:

****Prosperi will be responsible for the management, configuration and design of LenderLive’s document management, recognition, data extraction and workflow applications. He will work closely with internal operations as well as with client relations to ensure that LenderLive clients gain value and ROI. Prior to joining LenderLive, Prosperi spent nearly seven years with Aurora Bank FSB and nine years with GE Capital. At Aurora, he served in many positions before being named senior vice president, residential loan servicing. In this role, he oversaw numerous areas including loss mitigation processing, default letters, cash management, investor reporting, default reporting, credit reporting, default accounts payable, claims and property preservation. As a Lean Six Sigma Master Black Belt and graduate of GE’s prestigious Information Management Leadership Program, he also has a deep background in process improvement and information technology.

****Sabbe has more than 17 years of experience in the financial services industry in business development, sales and consulting. He will be responsible for corporate strategy, business development and operational efficiencies in his department, specifically spearheading efforts to provide credit unions and community banks true end-to-end fulfillment, with specific emphasis on private-label, high-touch servicing solutions. Additionally, Sabbe will work with executive management to meet quarterly and annual objectives while seeking to drive new special servicing, subservicing and component servicing opportunities. Prior to LenderLive, Sabbe was senior vice president, business development at Marix Servicing, where he managed servicing engagements for hedge funds, large banks and mortgage insurers. Sabbe has sold origination, servicing and loss mitigation engagements at several top-tier financial institutions including JPMorgan Chase, Fifth Third, and Flagstar.

****“LenderLive is in true growth mode,” Sabbe said. “With the market clamoring for innovative, compliant solutions, we are positioned to redefine servicing for the next generation of investors. LenderLive’s high-touch approach to each custom engagement is reshaping the industry away from a ‘one size fits all’ mentality, particularly in traditionally underserved markets.”

****According to Rick Seehausen, president of LenderLive, “These two divisions continue to grow, therefore it is paramount that we have experienced leaders in place to ensure we effectively manage that growth and better position the company for the future. These gentlemen have the industry knowledge and hands-on experience to bring ideas that will complement the LenderLive team to enable continued success.”

Progress In Lending
The Place For Thought Leaders And Visionaries

Market Analysis: So Where Is Innovation Happening Today?

*Where Is Innovation Happening Today?*
**By Tony Garritano**

***As I talk to lenders they tell me that they’re stuck. They see new technology but they’re not sure that now is the right time to buy. So, what are they willing to buy? They want new and innovative technology that ensures compliance and risk mitigation. That technology is selling fast. For example, Alliant Credit Union, of Chicago, has selected LenderLive Network for its retail loan fulfillment (processing, underwriting and closing). Alliant also has deployed LenderLive’s eOriginatorplatform as part of their retail origination platform and correspondent loan delivery system, enabling the credit union’s loan officers to take loan applications and its correspondent lenders to upload loans directly to Alliant for LenderLive to perform an underwriting review. Here’s the full story:

****As one of the top 10 largest credit unions in the country with assets of over $8 billion and more than 280,000 members, Alliant has a long history of providing mortgages to its members. By outsourcing mortgage services to LenderLive, Alliant is able to focus on growing their mortgage business without having to assign internal resources to process fulfillment and provide regulatory updates.

****“Partnering with LenderLive was an easy decision to make,” said John Sweitzer, mortgage production manager for Alliant. “The company has the sophisticated technology we needed, as well as established key relationships with many of our business partners which is paramount to our success. When considering a company to do business with, we knew what we did not want based on previous experience. LenderLive has the key ingredients that made the company a natural fit for us.”

****“Community-based lending is vital to the financial industry’s future, and credit unions continue to emerge as valuable mortgage market players,” said Rick Seehausen, CEO of LenderLive.

****Alliant is dedicated to consistently providing financial value through offering high returns on deposits and low interest rate loans. The credit union provides exclusive, lifetime benefits to employees and retirees of United Airlines and select business affiliates, employee groups, qualifying communities, family members and domestic partners.

Tony Garritano
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 tony@progressinlending.com.

Market Analysis: Mortgage Mainstay Acquires Title Player

*Mortgage Mainstay Acquires Title Player*
**By Tony Garritano**

***LenderLive Settlement Services, a wholly owned subsidiary of LenderLive Network Inc., a domestic-based, end-to-end mortgage services provider, announced it has acquired MoKan Title Services LLC. MoKan, with offices in Missouri and Kansas, offers basic and specialized title insurance coverage and services for residential and commercial lenders on new loans, refinances of existing loans, foreclosure-related actions and closings for REO transactions. MoKan was previously affiliated with Martin, Leigh, Laws & Fritzlen, P.C., a law firm based in Kansas City, Mo., and they will continue working together as strategic partners.

****LenderLive Settlement Services has provided title and settlement products and services since 2006 in all 50 states, and it is now directly licensed in 36 states. The company has experience in assignments, substitution of trustee and loan modifications. The LenderLive division began offering title-related services for loan modifications in 2009, and with the acquisition of MoKan, has further expanded its capabilities to be an end-to-end title services provider in the default space. The acquisition is also a strong strategic fit with LenderLive’s recent launch of its specialty servicing business in June 2011.

****LenderLive plans to retain all of the current staff and continue to operate from the current MoKan locations. Amy Wilson has been named vice president of default operations for LenderLive Settlement Services. In addition, Berry F. Laws III will remain as Of Counsel for the law firm and join LenderLive Settlement Services in the capacity of director of strategic initiatives.

****“We understand that the needs of servicers are changing drastically as the market resets and increasing regulatory compliance is required,” said Rick Seehausen, president and CEO of LenderLive. “The addition of MoKan gives us a solid opportunity to grow our offerings, add more default-related experience to our team and become the go-to company for all title and settlement services in this and every market cycle.”

Tony Garritano
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 tony@progressinlending.com.