LenderLive Holdings, the parent company of LenderLive Services, LenderLive Network and Require Holdings, is rebranding as Covius Holdings.
Through various subsidiaries, Covius Holdings provides technology-enabled solutions to the financial services industry, including document management, regulatory compliance, commercial and residential loan due diligence, settlement services, business process automation and lien release tracking.
LenderLive Network, the private-label fulfillment subsidiary that Covius is selling to Computershare, will retain its original name.
“For twenty years, the LenderLive brand has been synonymous with outsourced private-label mortgage fulfillment,” says Rob Clements, chairman and CEO of Covius, in a release. “With the pending sale of our network division, we chose a new brand – Covius – that reflects our new strategic direction.”
Clements notes that in the past year he has been working with John Surface, president and chief operating officer of Covius, to refocus the company’s strategy on the “services, information solutions and technology that leading financial companies depend on to thrive in a highly competitive, highly regulated environment.”
“Covius has been the name of our established SaaS development platform,” Clements adds. “It speaks to what we have built to date and points to the future state that we are working toward.”
Covius Holdings is a portfolio company of Aquiline Capital Partners, a New York-based private equity firm investing in financial services.
In April, the firm – then LenderLive Holdings – announced that it had acquired reQuire Holdings, a group of technology-enabled companies that provide compliance, quality assurance and valuation solutions for the residential and commercial real estate market, from L2 Capital Partners, a Devon, Pa.-based private equity family office.
Interestingly, up until the purchase by LenderLive, reQuire Holdings had, itself, been growing through acquisition. In May of last year, reQuire acquired Service 1st Valuation and Settlement Services Inc., a provider of valuation risk management services, including desk reviews, valuation risk analysis, field reviews and market data.
That deal was preceded by reQuire’s acquisition of Deeds on Demand, the first Internet-based deed and real estate document service designed to provide fast, accurate and integrated document preparation services.
And in 2016, reQuire acquired Covius, a provider of risk management and compliance-related services and technology.