LenderLive Network Inc., a Denver-based provider of business process outsourcing and technology, has announced the purchase of the assets of Guardian Mortgage Documents. The terms of the acquisition were not disclosed. "This acquisition takes our long-standing relationship with Guardian management and its staff to the next level, allowing us to capitalize on the tremendous synergies that are already in place," said Rick Seehausen, president of LenderLive. Guardian, which had been the exclusive provider of document preparation services to LenderLive for 10 years, will retain its management, and its operations will continue from its Lakewood, Colo., location, LenderLive said. LenderLive can be found on the Web at http://www.lenderlive.com.
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The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
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The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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