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LenderLive Acquires Compliance Solutions Provider Walz Group

NationalMortgageProfessional.com
Jun 01, 2015

LenderLive has announced that it has completed the acquisition of Walz Group LLC, a provider of regulatory compliance solutions, full-cycle critical document fulfillment and Certified Mail Automation. As a result of the transaction, WALZ will be a stand-alone division of LenderLive, operating under its existing WALZ brand. The current WALZ management team will remain in place, led by founder and president, Rod Walz.

“Rod and his team have built a world-class operation focused on critical communications, compliance, printing and Certified Mail solutions,” said Rick Seehausen, chief executive officer of LenderLive. “They have also developed an impressive array of patented, proprietary technology, and we are confident that WALZ will be a highly-beneficial addition to the LenderLive platform.”

Founded in 1983, WALZ specializes in solving complex compliance requirements for the consumer financial services industry and providing technology to automate critical correspondence delivery through Certified Mail. The company has a deep understanding of the ever-evolving legal and regulatory requirements to properly deliver notices of default, loss mitigation and other servicing-related borrower correspondence. The company currently serves six of the top 10 mortgage servicers, four of the top 10 vehicle finance companies and more than a quarter of the Fortune 100 corporations. WALZ’s primary services include:

►Compliance solutions that include monitoring, reporting, comprehensive review and implementation of legislative and regulatory changes at the state and federal level.
Compliance operationalized throughout the entire process of preparation, production and fulfillment of critical communications.
Certified Mail Automation that provides easy-to-use technology and forms to manage the entire mailing and returns process.

“We chose LenderLive and Aquiline Capital Partners for their tremendous experience in mortgage and financial services; their ability to invest in our product and service offerings; and their shared focus on delivering exceptional client service and value,” said Walz. “They will provide us with strategic and financial guidance, expanded resources and technology, as well as increased partnership opportunities.”

The acquisition will result in a comprehensive set of end-to-end services and products combining compliance, data management, back-office technologies, critical document management and fulfillment for highly regulated industries. LenderLive has also identified immediate synergies between LenderLive’s GuardianDocs business line and WALZ in the areas of loss mitigation and default services, and using the WALZ solutions in mortgage origination.

“The combined capabilities of GuardianDocs and WALZ will provide elegant solutions to today’s complex life-of-loan challenges,” Seehausen said.

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