LenderLive Network Inc., a mortgage services provider, has partnered with Pingora Asset Management, a specialized asset manager focused on investing in and managing the servicing of newly produced mortgage servicing rights portfolios.
LenderLive, Denver, began working with Pingora in February and provides subservicing to a portion of its portfolio.
“We wanted a nimble partner; one who understands all the nuances of this industry,” said Michael Lau, CEO of Denver-based Pingora, in a press release.
“LenderLive immediately stood out not only because of its comprehensive servicing offerings without legacy constraints but also its Denver location, which would make working with the company much more convenient.”
Pingora, founded in 2012, initially engaged with
“Pingora’s management team has extensive experience in the market, and they know what business processes are necessary to run a successful and risk-adverse mortgage fund,” said Rick Seehausen, CEO of LenderLive, in the same press release. “As Pingora continues to grow and build relationships, LenderLive is committed to being a trusted partner.”
