DSNews The homepage of the servicing industry
Denver, Colorado-based end-to-end mortgage services provider LenderLive announced that it has acquired regulatory compliance solutions, full-cycle critical document fulfillment, and Certified Mail Automation provider Walz Group.
Walz will operate under its existing Walz brand as a stand-alone division of LenderLive, and the current Walz management team will remain in place, including Rod Walz, founder and president of the company.
"Rod and his team have built a world-class operation focused on critical communications, compliance, printing and Certified Mail solutions,” said Rick Seehausen, CEO 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."
The Walz Group was founded in 1983 to solve the financial services industry's array of complex compliance requirements and to automate critical correspondence (such as notices of default, correspondence related to loss mitigation or other service-related correspondence) to borrowers via certified mail. With a deep understating of ever-evolving legal and regulatory requirements to properly deliver notices of default, Walz currently serves six of the top 10 mortgage servicers and more than a quarter of Fortune 100 corporations. The Walz Group is based in Temecula, California with satellite facilities in San Diego, California, and Phoenix, Arizona
"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," Rod Walz said. "They will provide us with strategic and financial guidance, expanded resources and technology, as well as increased partnership opportunities."
A uniquely set of end-to-end services and products that will combine compliance, data management, back-end office technologies, and critical document management will be the result of LenderLive's acquisition of Walz. According to the announcement, LenderLive has identified immediate synergies between LenderLive's GuardianDocs product line and the mortgage solutions in loss mitigation and default services used by Walz.
"The combined capabilities of GuardianDocs and Walz will provide elegant solutions to today’s complex life-of-loan challenges," Seehausen said.
