Skip to main content

LenderLive touches 600,000-plus loans in HAMP campaign

Oct 12, 2009

LenderLive Network Inc., a provider of business process outsourcing and technology to the financial industry, has announced that it has performed at least one of its services on more than 600,000 loans under the Home Affordable Modification Program (HAMP) campaign. In turn, the company has put approximately 200,000 borrowers in trial plans to date. HAMP is part of the federally mandated Making Home Affordable program, which touts allowing up to nine million Americans to refinance or modify their home loans. Since the campaign launched in April 2009, LenderLive has performed at least one or more services on 4,000 to 6,000 loans each day. “We are happy to have made such a significant contribution to the program,” said Rick Seehausen, president and CEO of LenderLive Network. “Providing value added services to loan servicers in the form of advanced technology solutions and back office support has allowed our clients to achieve greater success in the execution of the HAMP program.” LenderLive currently manages several aspects of the HAMP program for its servicer clients, including customer contact services, underwriting review of loans, document management and document preparation. For more information, visit LenderLive.com.  
About the author
Published
Oct 12, 2009
Co-Founder Mat Grella Terminated From NEXA After Buyout Disagreement

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024