LenderLive client base grows to 200 clients

LenderLive Network Inc., a provider of business process outsourcing and technology to the financial industry, announced that the company now has 200 active clients, a notable feat given the number of companies that have fallen prey to the current economic tidal wave. With the evolving mortgage market, LenderLive was proactive and successfully diversified its offerings to adapt to industry demand, which has helped attract more clients of all sizes. Along with community banks and credit unions, the company’s services have broadened its reach to the largest lenders and servicers in the country. “We have seen growth in the number of customers using our end-to-end fulfillment solutions due to the displacement that has occurred in the mortgage industry. This has fueled substantial growth among credit unions and community banks,” explained Rick Seehausen, president and CEO of LenderLive. “In a declining market our clients are doing more loans, which means they are gaining market share rapidly as the lending environment changes.” LenderLive’s transition this year to add component services has also helped grow the number of active clients for the company. In addition to fulfillment services, LenderLive offers a variety of outsourced services to lenders of all sizes, such as contract underwriting, quality control and closing coordination. The company is also experiencing increased demand from loan servicers for specialized support of the HAMP and HARP loan programs. “Having such a diverse group of clients and a diversified service offering, particularly in these challenging economic times, has provided the stability our shareholders, management and clients demand,” Seehausen added. For more information, visit LenderLive.com.