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LenderLive Network Launches Comprehensive Short Sale Offering

In an effort to support mortgage servicers' need for a strategic, comprehensive short sale offering, ""LenderLive Network Inc."":http://www.lenderlive.com/, a Denver-based provider of business process outsourcing and technology to the financial industry, has expanded its loss mitigation initiative to include the launch of LenderLive Default Solutions.

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Rick Seehausen, CEO of LenderLive Network said servicers are facing ongoing pressure in their performance of short sale initiatives, particularly with recent emphasis from the Home Affordable Foreclosure Alternatives program. As a result, these servicers continue to seek help from outsource providers to quickly meet capacity without sacrificing quality, and Seehausen said LenderLive Default Solutions has a complete suite of services to address all of their needs.

""Until now, mortgage servicers had to look to separate entities for document fulfillment, asset management, and marketing and broker education, often resulting in challenges to efficiently and cost effectively integrate those processes,"" Seehausen explained. ""LenderLive Default Solutions now eliminates that segmentation to ensure a more uniform workflow and stronger communication for clients, thereby enabling them to better perform in their short sale efforts. What is more, servicers can then translate those successes into benefits for borrowers in terms of providing a timely, appropriate alternative to foreclosure.""

According to LenderLive Network, its new default services offering is powered through two strategic partnerships: One with the technology-based real estate and loan disposition company ""ClearMarkets LLC"":http://www.clearmkts.com/, and another with ""Keller Williams Global Property Solutions LLC"":http://www.kw.com/kw/ (KWGPS) through its KW Commercial Division. The company said the goal of these partnerships is to equip LenderLive Default Solutions with a complete end-to-end solution to address every component of the short sale process.

LenderLive Network represents the back office for LenderLive Default Solutions, offering support for such services as document management and preparation, processing, title and settlement, and compliance. The company said it has been heavily involved in providing back office services to the nation's largest services since the mortgage crisis occurred, having now processed more than 1.5 million loans for either a loan modification or short sale.

ClearMarkets' role is to provide LenderLive Default Solutions with the technology for transparent bid management, asset sales and marketing, and reporting. The company said its software enables servicers to take a more systematic approach to short sales and other loss mitigation techniques. Through four phases â€" asset discover, borrower communication, property marketing, and closing and settlement â€" ClearMarkets said it maintains the national platform and infrastructure to source, analyze, value market, and dispose of real estate assets and loans.

KWGPS is the final component within LenderLive Default Solutions, providing full agent training, education, and certification, as well as access to Keller Williams Realty's network of more than 75,000 real estate agents. The company said it also maintains a database of third-party brokers that enables the delivery of a brand-neutral and multicultural real estate broker network, and it supports custom-directed client education, short sale lead distribution management, pre-foreclosure specialist certification, and an agent locator homeowner referral network.

About Author: Brittany Dunn

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