LenderLive Settlement Services, a wholly-owned subsidiary of LenderLive Network Inc., has announced the acquisition of MoKan Title Services LLC. MoKan, with offices in Missouri and Kansas, offers basic and specialized title insurance coverage and services for residential and commercial lenders on new loans, refinances of existing loans, foreclosure-related actions and closings for real estate-owned (REO) transactions. MoKan was previously affiliated with Martin, Leigh, Laws & Fritzlen, PC, a law firm based in Kansas City, Mo., and they will continue working together as strategic partners.
LenderLive Settlement Services has provided title and settlement products and services since 2006 in all 50 states, and it is now directly licensed in 36 states. The company has extensive, proven experience in assignments, substitution of trustee and loan modifications. The LenderLive division began offering title-related services for loan modifications in 2009, and with the acquisition of MoKan, has further expanded its capabilities to be an end-to-end title services provider in the default space. The acquisition is also a strong strategic fit with LenderLive’s recent launch of its specialty servicing business in June 2011.
LenderLive plans to retain all of the current staff and continue to operate from the current MoKan locations. Amy Wilson has been named vice president of default operations for LenderLive Settlement Services. In addition, Berry F. Laws III will remain as of counsel for the firm and will join LenderLive Settlement Services in the capacity of director of strategic initiatives.
“We understand that the needs of servicers are changing drastically as the market resets and increasing regulatory compliance is required,” said Rick Seehausen, president and chief executive officer of LenderLive. “The addition of MoKan gives us a solid opportunity to grow our offerings, add more default-related experience to our team and become the go-to company for all title and settlement services in this and every market cycle.”