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Lender Live Settlement Services Experiences Significant Growth

Along with a growth of staff and office space last year, ""LenderLive Network, Inc."":http://lenderlive.com/index.html, a Denver-based provider of business process outsourcing and technology to the financial industry, said 2009 brought an expansion of product offerings to ""LenderLive Settlement Services, LLC"":http://lenderlive.com/servicers/title/default.asp, (LLSS), a nationwide service provider and a division of LenderLive Network.


Assuring timelines, convenience, and consistency, LLSS helps lenders close more loans by providing a single point of contact for nationwide delivery of title and settlement services, including title insurance, flood certificates, and appraisals. With corporate offices in both Denver and Troy, Michigan, the company said it easily covers all time zones to support a full-scale offering, eliminating the need to manage multiple vendors across different regions.

""LenderLive Settlement Services has efficiently delivered sound title and closing and settlement solutions on a national scale to multi-state and regional lenders,"" said Rick Seehausen, president and CEO of LenderLive. ""Either bundled with LenderLive's other mortgage fulfillment services or delivered independently, the LLSS division


streamlines operations by eliminating the need to manage multiple vendors across different regions, resulting in the ability to close more loans and provide greater customer satisfaction.""

In preparation of 2010 RESPA changes, LLSS coordinated efforts between clients, loan investors, and software providers to ensure a smooth transition to new reporting and disclosure procedures. In addition, LenderLive has increased its title production staff to accommodate the substantial demand for pre-foreclosure and loss mitigation title endorsements and recording services.

To help servicers reduce costs and complete more loan modifications, the company has provided outsourced fulfillment services on a significant number of loan modifications and is able to seamlessly bundle its title and recording services with these fulfillment services. LLSS works with clients to create innovative data reports designed to quickly and securely give servicers all the information they need. In many cases this information is delivered directly into the servicers' systems, providing the servicer with 24-hour access to the data necessary for complying with new government regulations relating to loan modifications.

Colorado-based Ellis Financial, an in-house lender for a network of realtors, has been a LLSS client for three years. The company said it leverages the technology and expertise of LLSS to support quick turn times and accurate documentation of title policies for mortgage refinances.

""The support from LenderLive has allowed us to effectively adapt to varying demands in purchase and refinance activity, all without raising our costs of doing business or jeopardizing customer service,"" explained Chaun Ellis, president of Ellis Financial.

About Author: Brittany Dunn


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