LenderLive Network launches new employee mortgage assistance program

LenderLive Network Inc., a provider of business process outsourcing and technology to the financial industry, has announced the launch of its employee mortgage benefit program, iBenefitsPlus, a solution that employers can offer as part of their benefits package to help reduce turnover and build employee loyalty through homeowner education and mortgage counseling services. LenderLive delivers iBenefitsPlus to employers through a private-labeled Web site that offers a comprehensive suite of advisory tools, ranging from informational opportunities to professional debt analysis, for assisting employees with sound homeownership decision making. “Up to 42 percent of individuals’ income is allocated for household expenses, so what better way for employers to support their staff than with a comprehensive turnkey suite of mortgage advisory resources,” said Rick Seehausen, president and chief executive officer of LenderLive. “When employees are empowered to appropriately address their financial concerns, it boosts their morale, productivity and sustainability. The iBenefitsPlus program also strengthens the housing market by giving people the information they need to make more informed, short- and long-term decisions.” A recent study by Hewitt Associates, a human resources consulting firm, revealed that many employers plan to be more involved in helping company individuals make good investments. Half of the firms participating in the study provide employees with online investment guidance, with another 42 percent likely to do so in 2010. While mortgage benefit programs are not quite as common as retirement planning or healthcare, they are of great value given today’s economic conditions. LenderLive’s iBenefitsPlus will contribute to increased possibilities for homeownership, as well as provide options for reducing housing expenses to help raise their disposable income. Through the benefit program, employers will be able to align employees to a preferred lender of their choosing, which could be a preferred banking relationship, or perhaps the employer’s credit union. If the employer does not have a preferred lender, iBenefitsPlus will make a recommendation. "iBenefits offers education and unbiased advice to enrolled employees so they can be more confident in making one of the most important financial decisions of their lives,” Seehausen said. For more information, visit www.lenderlive.com.