MReport November 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 5 of 67

4 | TH E M R EP O RT MTECH Computershare to Acquire LenderLive THE PENDING ACQUISITION WILL ENHANCE COMPUTERSHARE'S FULFILLMENT AND SECONDARY MARKET SERVICES, WHILE ADDING TO ITS SERVICING VOLUME. C omputershare Loan Ser- vices (CLS), a global lead- er in mortgage servicing, announced its intent to acquire LenderLive Network, LLC, a leading fulfillment and second- ary-market service provider in the U.S. mortgage industry. Founded in 1999, LenderLive Network (LLN) has offices in the Denver, Los Angeles, and Jacksonville, Florida, areas. This acquisition, which is sub- ject to regulatory approvals, will further strengthen Computershare's growth in the U.S. mortgage services market, adding scale to its existing fulfillment and secondary- market services provided by Capital Markets Cooperative and Credit Risk Solutions (formerly Altavera) and providing an ad- ditional source of new servicing volume. LLN's private-label fulfillment team brings decades of experience to its clients, including financial institutions of all sizes. Its second- ary market services will further enhance CLS's ability to work with both government-sponsored and private-market investors. "We're very excited to be bring- ing these LenderLive services into the Computershare family," Nick Oldfield, CEO of Computershare Loan Services, said. "The team at LenderLive Network has a strong client base, and their outstanding products and people will be a natural fit for us as we continue to build a comprehensive mort- gage service offering." LLN's fulfillment and second- ary-market teams are made up of about 480 employees, all of whom are expected to join CLS's U.S. staff of nearly 1,500 following the anticipated close of the acquisition around the end of the year. John Surface, President and COO of LenderLive Holdings, added, "We believe LenderLive Network fits naturally into Computershare's strategy of growing its end-to-end mortgage businesses and the combined company will have greater scale and market opportunity." The regulatory approval process is expected to take about four months. LenderLive Holdings, the parent company of LLN, LenderLive Services, and reQuire, will not be part of this transaction. a360inc and National Creditors Bar Association Announce National Partnership NCBA MEMBERS NOW HAVE ACCESS TO ONLINE COMPLIANCE TRAINING THROUGH A360INC. a 360inc, a Dallas, Texas-based technology and outsourcing solutions company, and Na- tional Creditors Bar Association (NCBA) announced a national partnership designed to provide access to compliance training programs for the bar association's more than 500 law firms and their staffs, as well as NCBA's in- house counsel members. The customized online portal, hosted by a360inc and available to NCBA members, currently offers 10 compliance training courses specific to the practice of credi- tors' rights law. The initial course offerings include compliance training covering topics such as the Americans with Disabilities Act and the Servicemembers Civil Relief Act, among others. Each course includes several modules and knowledge assess- ments, which must be completed in order for the user to complete and successfully finish a course. Additional courses will be intro- duced periodically. "Compliance is critical in to- day's environment, and at a360inc, we're focused on helping firms transform their businesses into ef- ficient, compliant, and operational- ly sound enterprises. Our exciting new partnership with NCBA is an example of how we approach that transformation holistically," said Scott Brinkley, CEO, a360inc. Mark Dobosz, Executive Director of NCBA, added, "We're continuously scouting the indus- try for great partners who can add value to the NCBA member- ship experience. That's why we're excited about this new offering from a360inc and the value it brings to our members." Fitting Tech Into Your Business From the latest tools to exciting partnerships, learn how leaders in mortgage tech are innovating day-to-day processes.

Articles in this issue

Archives of this issue

view archives of TheMReport - MReport November 2018