LenderLive Network Inc., a business process outsourcing and technology provider for the financial industry, has launched a joint initiative with PMI Mortgage Insurance Co. (PMI) to provide workout solutions to prevent mortgage delinquencies and foreclosures.
‘This relationship will create opportunities for more borrowers to stay in their homes,’ says Rick Seehausen, president and CEO of LenderLive. ‘We respect the role PMI has in the industry, and we believe this relationship will help each company provide the services their constituencies need.’
Under the initiative, LenderLive will work with PMI and the mutual servicers that service loans insured by PMI to identify borrowers who are more likely to default on their mortgages and face foreclosure.
Sources: LenderLive Network, PMI Mortgage Insurance Co.
