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Computershare to Acquire LenderLive

auction.com hireComputershare Loan Services (CLS), a global leader in mortgage servicing, announced its intent to acquire LenderLive Network, LLC, a leading fulfillment and secondary 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 subject 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 additional source of new servicing volume.

LLN’s private-label fulfillment team brings decades of experience to its clients, including financial institutions of all sizes. Their secondary market services will further enhance CLS’s ability to work with both government-sponsored and private market investors.

“We’re very excited to be bringing 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 mortgage service offering.”

LLN’s fulfillment and secondary 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 in around four months.

John Surface, president and chief operating officer 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.

 

About Author: Rachel Williams

Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at Rachel.Williams@DNews.com.
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