COMPUTERSHARE COMPLETES ACQUISITION OF LENDERLIVE NETWORK, A LEADING SERVICE PROVIDER TO THE U.S. MORTGAGE INDUSTRY
HIGHLANDS RANCH, COLO., January 2, 2019 – Computershare Loan Services (CLS), an international leader in mortgage servicing, has completed its acquisition of LenderLive Financial Services, LLC and its operating subsidiary LenderLive Network, LLC, a leading fulfillment and secondary market service provider in the U.S. mortgage industry, after receiving all the necessary regulatory approvals. Founded in 1999, LenderLive Network, LLC (LLN) has offices in the Denver and Jacksonville, Florida, areas.
This acquisition will further strengthen Computershare’s growth in the U.S. mortgage services market, adding scale to existing fulfillment and secondary market services provided by Credit Risk Solutions (formerly Altavera) and Capital Markets Cooperative, and providing an additional source of new servicing volume as well as further enhancing 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 and welcoming an additional 420 employees onboard,” said Nick Oldfield, CEO of Computershare Loan Services. “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.
“Computershare has a great onboarding experience planned for the staff joining us and we’re excited about sharing our collective cultures and expertise. Clients can expect continued service excellence across all that we do, and we look forward to reaching new audiences with our industry-leading fulfillment and secondary market products.”
Rob Clements, Covius Chairman and Chief Executive Officer commented, “Covius is thrilled to have found a great buyer in Computershare and home for the loan fulfillment and correspondent lending teams. Considerable effort was put forth to ensure a seamless transition for the clients and personnel and I want to personally thank all employees for their support during the sales period.”
About Computershare Loan Services (CLS)
Computershare Loan Services (CLS) is a leading international third party mortgage services provider. We currently service over $100 billion of loans globally and support hundreds of thousands of customers throughout the lifecycle of their loans. We provide a variety of services including credit risk solutions, secondary market services, property solutions and third-party servicing. We also operate a mortgage cooperative that gives middle market lenders increased buying power, and we help mortgage lenders and investors optimize the performance of their portfolios. Our expertise, experience and understanding of the regulatory environment, credit and complex financial data help us provide insight and cost-effective services to mortgage originators, investors and real estate professionals. CLS is part of the Computershare group of companies.
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