Third-party mortgage services provider Computershare Loan Services (CLS) reports that it has completed its acquisition of LenderLive Financial Services and its operating subsidiary, LenderLive Network.
Computershare announced that it was acquiring LenderLive Network’s fulfillment and secondary market services in August. Terms of the deal were not revealed.
Computershare says the acquisition will add scale to its existing fulfillment and secondary market services, provided by subsidiaries Capital Markets Cooperative and Credit Risk Solutions (formerly Altavera), as well as adding new mortgage servicing volume.
Founded in 1999, LenderLive Network has offices in the Denver and Jacksonville, Fla., areas.
“We’re very excited to be bringing these LenderLive services into the Computershare family and welcoming an additional 420 employees onboard,” says Nick Oldfield, CEO of Computershare Loan Services, in a release. “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.”
LenderLive Holdings, the parent company of LenderLive Network, LenderLive Services and reQuire were not part of the transaction.
