DENVER—LenderLive Holdings, the parent company of LenderLive Services, LenderLive Network and Require Holdings, announced it has entered into an agreement to sell LenderLive Network, LLC
(LLN), its mortgage fulfillment and secondary marketing division, to Computershare Loan Services.
“The decision to sell the Network division grew out of our long-term strategic plan to invest in and build the company’s services and technology businesses while finding long-term strategic capital sources or partners for the fulfillment and secondary marketing businesses,” said Rob Clements, chief executive officer of LenderLive Holdings. “Going forward, LenderLive Holdings will continue to offer a broad range of technology-enabled services though our LenderLive Services division and grow through strategic acquisitions like the recently-closed Require Holdings transaction.”
The sale, which is subject to regulatory approvals, is expected to close in the fourth quarter of 2018. LenderLive Holdings, LenderLive Services and Require Holdings will not be part of this transaction.