Ginnie Approves LenderLive as MBS Issuer

Denver-based LenderLive Network Inc. has been approved by Ginnie Mae as an issuer of the agency’s mortgage-backed securities. The company, which does correspondent lending and provides outsourced services including mortgage servicing, will be able to participate in the Ginnie Mae I and Ginnie Mae II programs.

This approval furthers LenderLive’s ability to provide competitive rates and reduced turn-time on newly originated loans. In addition, Ginnie Mae certification enables the company to provide servicing solutions to its clients on Ginnie Mae MBS pools.

“With the ongoing changes in the market it is imperative that we continue to enhance our product and service offerings,” said Rick Seehausen, president and CEO of LenderLive.

“Becoming an approved Ginnie Mae issuer is just one way we strive to provide our customers with the products and services to meet their specific business needs.”