LenderLive expands QC servicesMortgagePress.comLenderLive, quality control, QC, Rick Seehausen, Department of Housing and Urban Development, Leigh Ann Marchant
LenderLive Network Inc., a provider of business process
outsourcing and technology to the financial industry, has announced
the expansion of its quality control services to support increased
demand from clients. These expanded services are part of
LenderLive's contract services division, which offers a variety of
outsourced solutions, including whole-loan due diligence, contract
underwriting and other forms of post-closing services.
"In the new era of mortgage lending, originators want to enlist
the services of an independent party to review and verify the
quality of their underwriting standards and loan processes," said
Rick Seehausen, president and CEO of LenderLive. "And with more
lenders originating FHA loans, the need to administer an
FHA-approved quality control program is necessary. Our services
include working with the client to structure an effective quality
control program for their business needs and then provide the
resources necessary to implement the program."
The U.S. Department of Housing and Urban Development (HUD)
requires that 10 percent of FHA loans be audited. LenderLive's
expanded quality control division enables lenders to fulfill these
requirements. To help manage this effort, LenderLive has hired
Leigh Ann Marchant as vice president of quality control services,
who has more than 22 years in the financial industry. Before
joining LenderLive, Marchant was vice president at National Lender
Services Inc. where part of her duties included managing quality
"We see this as a natural extension of the services LenderLive
offers," Marchant said. "By offering quality control of the loans,
we can give lenders additional confidence in the products that are
currently sustaining their business."
For more information, visit www.lenderlive.com.