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
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 www.lenderlive.com.