New York-based private equity firm Aquiline Capital Partners has signed a deal to become a majority investor in end-to-end mortgage technology and services company LenderLive Network Inc.
Terms of the deal, which is still subject to the usual regulatory approvals, have not been disclosed.
Founded in 1999, LenderLive serves more than 300 financial institutions, including a number of the world's largest commercial/investment banks and top-tier mortgage lenders. The company's suite of offerings includes mortgage origination, subservicing, document solutions, due diligence, and title and closing services.
‘Aquiline has financial services operating experience and a reputation for building value within their portfolio companies,’ says Rick Seehausen, CEO of LenderLive, in a release. ‘Aquiline will provide the strategic guidance and resources to accelerate our growth and support the continued development of the technology and solutions that provide our clients with competitive and compliance advantages in the market.’
‘Increased market complexity and heightened regulation are driving demand for compliant, cost-effective residential mortgage solutions,’ adds Jeff Greenberg, CEO of Aquiline. ‘We are excited to be partnering with [Seehausen] and his team to support LenderLive's core business and strategic growth initiatives in the mortgage services industry.’
