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LenderLive Network Inc. has announced that Mark Hughes has been named president of the company’s Due Diligence Division. Hughes joined LenderLive in April 2014, as senior vice president, to help grow LenderLive’s third-party review (TPR) business and expand its offerings to investors, banks, mortgage companies and credit unions.
LenderLive is approved by all the major credit ratings agencies as a TPR firm for residential mortgage-backed securities (RMBS). The division also offers a comprehensive conduit solution that combines its robust, private-label loan management system with a broad range of expert loan review services—enabling successful relationship and transaction management between sellers and investors. In addition, LenderLive provides a range of post-closing, quality assurance and review services for correspondent investors, whole loan purchasers and mortgage servicing rights (MSR) transactions.
Hughes joined LenderLive from CoreLogic, where he began, and for five years headed, that company’s Due Diligence Solutions group. Earlier, he was president and chief operating officer of the Bohan Group, a leading due diligence firm. Hughes began his career at Salomon Brothers (now Citigroup).
“Growing our Due Diligence business is one of our top priorities for 2015, and with the backing of our new investor, we will be adding new resources and technology to accelerate this goal and to develop new solutions for RMBS issuers, conduits and lenders,” said Rick Seehausen, chief executive officer of LenderLive. “Over the past year, Mark has proven himself invaluable at LenderLive and I’m confident he will continue to be instrumental as we expand our Due Diligence Division.”