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

NationalMortgageProfessional.com
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.”
Published
Apr 14, 2011
Markets Anxious As Fed Opens 2-Day Meeting

Investors, mortgage brokers & bankers await latest policy statement on fighting inflation

Regulation and Compliance
Jan 25, 2022
Ginnie Mae Streamlines FHA Advanced Loan Modification program

Documentation changes eliminate requirements for recordation and title insurance.

Regulation and Compliance
Jan 24, 2022
'A Long Road To Normal'

Nominated again to lead The Fed, Powell tells Senate committee to expect three rate hikes, but 'if we have to raise interest rates more over time, we will.'

Regulation and Compliance
Jan 11, 2022
CFPB: Complaint Response Worsens At Big 3 Credit Bureaus

Report claims Equifax, Experian, and TransUnion routinely failed to fully respond to consumers with errors.

Regulation and Compliance
Jan 10, 2022
The Fed Names Chairs, Deputy Chairs For 12 Reserve Banks

In recent years, the Federal Reserve System has worked to increase the overall diversity of the Reserve Bank and branch boards of directors and continues to build on those efforts.

Regulation and Compliance
Jan 06, 2022
The Fed: Rate Hike Likely Coming in June

Federal Open Market Committee's December minutes reveal discussion of first hike in federal funds rate in 2Q of 2022, as well as of ending asset purchases by March.

Regulation and Compliance
Jan 05, 2022