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Bush adminstration continues to help families stay in their homes during housing crisis

Jun 01, 2008

LenderLive Network appoints Sauerwein to manage specialty origination unit MortgagePress.comLenderLive Network, Richard Sauerwein, Early Action, call centers, Rick Seehausen LenderLive Network Inc., a single-family mortgage business process outsourcing and technology provider, has appointed Richard Sauerwein to manage its newly-formed specialty origination business channel and supervise agents in its Early Action counseling call centers in Michigan and Denver. "Servicers are currently overwhelmed by unprecedented delinquency and loss levels as a result of the sub-prime mortgage meltdown and sharply declining real estate values in many parts of the country," said Rick Seehausen, president of LenderLive. "LenderLive recently formed the specialty origination business channel to expand the long-standing traditional portfolio retention unit that it has maintained for years." "The specialty origination area provides manpower resources and technology to better equip lender/servicer clients to establish contact with their customers on a proactive basis, in their name," Sauerwein added. "We are capable of diagnosing the challenges customers are having making payments on their mortgage loans, deciding upon the best course of action that suits the customer and client objectives, and then actually executing the solution through our fulfillment centers. Most servicers are performing these same functions with their portfolios but are simply swamped. I like to say to a client that LenderLive provides you with the skill, scale and technology to effect the solutions you are already performing." Sauerwein's wealth of financial-related experience helps provide LenderLive's Specialty Origination channel the leadership it needs. Prior to joining LenderLive, Sauerwein managed a mortgage-backed security hedge fund for Highland Financial Holdings Group, LLC in New York. He also ran the single-family guaranty group for financial guarantor Financial Security Assurance (FSA) for more than 10 years and for his own firm, Stonehenge Financial Partners LLC, which provided financial advisory services. For more informaton, visit
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