Computershare Loan Services (CLS), an international leader in mortgage servicing, has completed its acquisition of LenderLive Financial Services, LLC and its operating subsidiary LenderLive Network, LLC, a leading fulfillment and secondary market service provider in the U.S. mortgage industry, after receiving all the necessary regulatory approvals, the companies announced in a release.
Founded in 1999, LenderLive Network, LLC (LLN) has offices in Denver and Jacksonville, Fla. The acquisition does not involve the mortgage technology division which since has been rebranded as Covius.
This acquisition, according to the release, will further strengthen Computershare’s growth in the mortgage services market, adding scale to existing fulfillment and secondary market services provided by Credit Risk Solutions (formerly Altavera) and Capital Markets Cooperative, and providing an additional source of new servicing volume as well as further enhancing CLS’ ability to work with both government-sponsored and private market investors.
“We’re very excited to be bringing these LenderLive services into the Computershare family and welcoming an additional 420 employees onboard,” Computershare Loan Services CEO Nick Oldfield said in the release. “The team at LenderLive Network has a strong client base, and their outstanding products and people will be a natural fit for us as we continue to build a comprehensive mortgage service offering.”
Oldfield also stressed that Computershare has a great onboarding experience planned for the staff joining his company with an eagerness to share collective cultures and expertise. All clients can expect continued service excellence across all that Computershare does, while looking to reach new audiences with industry-leading fulfillment and secondary market products.