LenderLive Network LLC
has announced that it has completed the transaction with PHH Mortgage Corporation to assume PHH’s private label fulfillment operations in Jacksonville, Fla.
As announced in February
, LenderLive is now processing, underwriting and closing loans on an outsourced basis for PHH fulfillment clients served out of the Jacksonville facility. LenderLive has also hired a majority of the former PHH employees in the related fulfillment areas and is now responsible for the facility, which has been rebranded as LenderLive.