Computershare Loan Services Buys LenderLive Network

Denver-based LenderLive Holdings has announced the sale of its LenderLive Network LLC mortgage fulfillment and secondary marketing division to Computershare Loan Services, a New York-headquartered mortgage servicing provider.

 

The terms of the transaction were not disclosed and the sale is expected to close in the fourth quarter. LenderLive Holdings, which is a portfolio company of the New York private equity firm Aquiline Capital Partners, and its LenderLive Services and Require Holdings subsidiary will not be part of the sale

 

“The decision to sell the Network division grew out of our long-term strategic plan to invest in and build the company's services and technology businesses while finding long-term strategic capital sources or partners for the fulfillment and secondary marketing businesses,” said Rob Clements, CEO at LenderLive Holdings. “Going forward, LenderLive Holdings will continue to offer a broad range of technology-enabled services though our LenderLive Services division and grow through strategic acquisitions like the recently-closed Require Holdings transaction.”

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