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| [August 03, 2004] |
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LenderLive and Guardian Mortgage Documents Enable Mortgage Lenders to Outsource Mortgage Functionality Through Fully Functional eCommerce Solution
LAKEWOOD & GLENDALE, Colo. --(Business Wire)-- Aug. 3, 2004 -- Lenders Can Eliminate Challenges Associated with Market Fluctuations and Gain Access to Industry-Leading IT Infrastructure and Technology Solutions
LenderLive enables mortgage lenders to seamlessly request and receive closing documents through a full interface between its proprietary mortgage technology solution and Guardian Mortgage Documents' (GMD) Next Generation Forms Engine (NGFE). GMD is LenderLive's preferred document provider and produces documents for almost 100 percent of LenderLive's clients.
LenderLive's automated technology enables mortgage lenders of all sizes to outsource mortgage functionality from the point-of-sale through post-closing, including call center origination, web site origination, processing, underwriting, closing, and post-closing. Lenders that outsource these functions convert fixed overhead expenses into variable costs and eliminate the need to expand and contract infrastructure based on mortgage volume while ensuring they have the proper levels of scalability to protect their brand. The integration between LenderLive's technology and GMD's document engine enables seamless, automatic production and electronic delivery of closing documents.
"LenderLive's focus is on providing long-term enterprise solutions to real mortgage lender challenges," said Tim Anschutz, vice president of Marketing for GMD. "GMD empowers lenders taking advantage of the LenderLive solution by seamlessly enabling the document portion of LenderLive's mortgage value chain. LenderLive's platform is an extremely efficient way for mortgage lenders to quickly plug themselves into a fully functional ecommerce business model."
According to Rick Seehausen, LenderLive COO, GMD was selected in part because of the depth and breadth of its IT infrastructure.
"We work with federally regulated institutions and security and privacy issues are of paramount concern to us," said Seehausen. "Furthermore, for a solution like ours, reliability is vital to our success and to our clients' continued satisfaction. Given these high reliability requirements, LenderLive must align itself with best-in-class providers and GMD has shown itself to be the premier document vendor today. Guardian Mortgage Documents provides LenderLive with unparalleled IT infrastructure which delivers world-class reliability to our clients."
About LenderLive
LenderLive Network, Inc. provides personal, scalable and cost efficient outsourcing solutions for the mortgage industry. LenderLive's solutions enable its clients to be the dominant mortgage lender in its customer and affinity groups by enabling them to originate or acquire more loans, more efficiently, at a lower cost. LenderLive arms clients with the resources, experience, and technology needed to compete for a greater share of their customers' mortgage business. LenderLive is your mortgage fulfillment partner.
For more information visit http://www.lenderlive.com.
About Guardian Mortgage Documents
Lakewood, Colorado-based Guardian Mortgage Documents (GMD) is a provider of document preparation, automated management workflow and fully customized outsourced solutions to the national financial services industry.
Since 1987, GMD's products and services have been built on best-of-class technology designed to provide an inventory of scalable and flexible multi-product capabilities, which can be customized to deliver elegant client solutions. From simple document preparation to fully integrated and customized workflow solutions, GMD technology streamlines all processes to increase efficiencies.
GMD clients include three of the top four largest residential correspondent lending institutions in the United States(a). For general information, visit www.gmd.com or call (800) 275-4885. (a) According to Origination News, June 2004, "Top Residential Correspondent Lenders in Q1 04."
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