Mortgage Harmony Corporation has announced an alliance with LenderLive Network in an effort to enhance market awareness of the HarmonyLoan to financial institutions and mortgage finance professionals. The HarmonyLoan is a consumer-initiated, interest rate-resetting mortgage with a patented recurring compensation structure for loan officers. Through its five divisions, LenderLive seeks to offer origination, conduit, document and settlement services and loan servicing to more than 400 clients nationwide.
“We continually look for opportunities to bring value to our customers,” said Rick Seehausen, CEO of LenderLive Network. “We are very excited about this opportunity.”
Borrowers who secure a HarmonyLoan will be able to take advantage of lower interest rates or extend the loan term without the hassles and costs of refinancing. They can reset their rate as often as every 120 days with a click of a button, assuming their payment history is solid.
“We are pleased to have a well-respected service provider like LenderLive working with us to move this innovative loan product forward," said Keith Kelly, CEO and co-founder of Mortgage Harmony. “LenderLive brings a wealth of knowledge, history and experience in the financial services industry that will be a wonderful addition to our efforts as we strive to ensure that consumers and lenders become aware of the HarmonyLoan and the outstanding benefits it will bring to them.