LenderLive Network Taps Into Hudson Cook to Monitor Doc Compliance – NMP Skip to main content

LenderLive Network Taps Into Hudson Cook to Monitor Doc Compliance

Apr 14, 2011

LenderLive Network Inc., an end-to-end mortgage services and document preparation provider, has announced that it has selected the law firm Hudson Cook LLP to monitor the compliance of its mortgage documents. Hudson Cook reviewed and provided guidance on all of LenderLive’s application disclosure and closing document packages, which are provided through its document preparation division that is built on the company’s Guardian Mortgage Documents platform. The review ensured that legal and ancillary documents are compliant with state and federal regulations. Hudson Cook will continue to monitor and change documents as needed. “LenderLive is committed to providing the best services and products to our clients,” said Rick Seehausen, chief executive and president of LenderLive Network Inc. “We believe having one of the nation’s premier financial services law firms engaged to provide LenderLive a comprehensive document review and continued monitoring to ensure compliance with applicable state and federal laws shows the level of that commitment." The review also included all junior lien instruments, ensuring that the documents comply with the simple language requirements, including the notes, mortgages and deeds required to secure the lender’s interest in the property.  “In today’s lending climate, including the shortage of credit, scrutiny on all facets of lending and mortgage servicing and the record levels of borrower default, the least of the lender’s worries should be on the instruments and documents used in the transaction,” said Tim Meredith, partner with Hudson Cook LLP. “LenderLive’s continued engagement of our firm to support all facets of their fulfillment solutions as well as all of the clients of the Guardian Mortgage Documents solutions enables just that.”
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