Skip to main content

Bankrate.com study: NY, TX and FL top the nation in closing costs

Aug 07, 2008

LenderLive Network Announces Homeownership Preservation Initiative with PMIMortgagePress.comLenderLive Network, PMI Mortgage Insurance Company, EarlyAction, mortgage delinquencies, foreclosures LenderLive Network Inc., a business process outsourcing and technology provider for the financial industry, announced a joint initiative with PMI Mortgage Insurance Company (PMI) to provide workout solutions to prevent mortgage delinquencies and foreclosures. "This relationship will create opportunities for more borrowers to stay in their homes," said Rick Seehausen, president and CEO of LenderLive. "We respect the role PMI has in the industry, and we believe this relationship will help each company provide the services their constituencies need." Under the initiative, LenderLive will work with PMI, and the mutual servicers who service loans insured by PMI, to identify borrowers who are more likely to default on their mortgages and face foreclosure. "It's easier to develop workout programs for borrowers who are in trouble if you can address the problems with their mortgages before they start to miss payments," said John Jelavich, PMI's vice president of homeownership preservation initiatives. "PMI is committed to the preservation of homeownership, and we eagerly pursue opportunities to prevent delinquencies and foreclosures through early intervention services such as LenderLives EarlyAction program." LenderLive's EarlyAction program, a service in the company's specialty origination channel, provides counseling services to help with loss mitigation and portfolio retention efforts. Highly trained personnel contact certain identified borrowers to determine the level of risk of prepayments or defaults, complete full financial assessments and qualify homeowners into alternative loan products or loan modifications, as determined by the client. For more information, visit www.lenderlive.com.
About the author
Published
Aug 07, 2008
Condo Prices, Sales Falling In Florida

New regulations and rising insurance costs hold back buyers in six major metros.

Feb 26, 2024
Rocket Companies Reports Decline in Fourth Quarter Revenue, Projects Optimism for Future Growth

Despite revenue dip, mortgage giant sees increase in market share and advances in AI technology.

Feb 22, 2024
Broker Action Coalition Unveils Inaugural Board Of Directors

Newly formed nonprofit organization BAC announces industry professionals to guide its mission of legislative change and educational initiatives in the mortgage industry.

Feb 21, 2024
GSEs Report Strong Earnings

Robust performance marks growth for both Fannie Mae and Freddie Mac, despite a dip in home purchases.

Feb 15, 2024
Friendly Competition Joins Forces

The merger aims to enhance local fulfillment and sales support, marking Guild’s sixth acquisition since 2021 and expanding its licensed originators to over 2,100 amidst a challenging market.

Feb 14, 2024
Guild Mortgage Announces Acquisition Of Competitor Academy Mortgage, Bolsters National Presence

The strategic move will see Guild Mortgage enhance its market share and become the 8th largest non-bank retail lender in the U.S., welcoming over 600 loan officers from Academy.

Feb 13, 2024