TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/81276
ON THE WEB Technology Companies Target New Services and Research Acquisitions, expansions, and partnerships are making headlines throughout the industry's technology sector. INSIDE THE INDUSTRY Alliant Credit Union Selects LenderLive ANNOUNCING A STREAMLINED TECHNOLOGICAL STRATEGY, THE CREDIT UNION CHOOSES EORIGINATOR FOR END-TO- END MORTGAGE SERVICING. welcoming a new client for its loan fulfillment program. The company recently announced that Illinois-based Alliant Credit LenderLive Network, Inc., is 10 | THE M REPORT Union has selected LenderLive's end-to-end mortgage servicing platform, eOriginator. In choosing LenderLive, Alliant will enable the credit union's loan officers and correspondent lenders to directly upload loan applica- tions for automatic submission to the technology company's under- writing review process. In an official statement, LenderLive noted that Alliant will now be "able to focus on growing their mortgage business without having to assign internal resources to process fulfillment and provide regulatory updates." manager, John Sweitzer, said of the credit union's decision, "Partnering with LenderLive was an easy decision to make. The company has the sophisticated technology we needed, as well as established key relationships with many of our business partners, which is paramount to our success." He added: "When considering Alliant's mortgage production a company to do business with, we knew what we did not want based on previous experience. LenderLive has the key ingredi- ents that made the company a natural fit for us." commentary, LenderLive's CEO, Rick Seehausen, stated, "Community-based lending is vital to the financial industry's future, and credit unions continue to emerge as valuable mortgage market players. LenderLive is uniquely qualified to work with credit unions, such as Alliant, because we understand and complement the relationships they have with their members, and we also have deep mortgage process expertise as evidenced by our tenure in the industry." Echoing Sweitzer's positive