Lenderlive Network Expands Partnership with Mortgage Harmony Corp.
McLean, VA (PRWEB) July 23, 2013 -- Mortgage Harmony Corp., a provider of innovative residential loan products and pioneering loan retention software technology, today announced it has expanded its strategic alliance with Denver-based LenderLive Network, Inc. to include the servicing of HarmonyLoans. The HarmonyLoan is a consumer-initiated interest-rate-resetting mortgage with a patented recurring compensation structure for loan officers. It aligns the interests of consumers and mortgage originators in a way that is unprecedented. LenderLive Network, Inc. is a premier domestic-based, end-to-end mortgage services provider. They have agreed to offer the HarmonyLoan to affiliated financial institutions as part of their subservicing offerings. LenderLive Network also offers mortgage outsource services, correspondent lending, comprehensive document services and settlement services through their other divisions.
“We are very excited to offer our current as well as new customers the ability to service the HarmonyLoan,” said Rick Seehausen, CEO of LenderLive, Network, Inc. “The HarmonyLoan along with the Loan Retention Software brings value through greater efficiency and economics to the mortgage market and we are happy to play an important role in that effort.”
Borrowers who secure a HarmonyLoan will be able to take advantage of lower interest rates or extend the loan term without the hassles and costs of refinancing. They can reset their rate as often as every 120 days with a click of a button, assuming their payment history is unblemished.
“We are extremely happy to expand our relationship with LenderLive to include the servicing of HarmonyLoans,” said Keith Kelly, CEO and co-founder of Mortgage Harmony. “LenderLive has been a pleasure to work with as our development teams were able to fully implement our Loan Retention Software with their systems in less than thirty days. This is an exciting new development in our ongoing relationship and enhances this revolutionary service offering for the mortgage industry and its consumers.”
About Mortgage Harmony Corp.
Named by the American Banker’s Bank Technology News (BTN) as "One of the Top Ten Technology Companies" to watch in 2013, Mortgage Harmony Corp. designs, develops and distributes innovative lending products for banks, credit unions and mortgage companies. Its mission is to create products and services that properly align the economic incentives of all loan transaction participants and bring long-term stability to the financial services industry. The HarmonyLoan™ is a consumer-initiated interest-rate-resetting loan feature with a recurring compensation structure for the loan originator. For more information on Mortgage Harmony and the HarmonyLoan™, please visit http://www.mortgageharmony.com
About LenderLive Network Inc.
LenderLive is a domestic-based mortgage services provider. Through its five divisions – outsource services, correspondent lending, document services, settlement services and loan servicing – LenderLive offers the people, technology and processes to support its clients’ origination, servicing and loan purchase operations. From large-scale, centralized operations centers, the company provides services to financial institutions of all sizes on a national basis. With tens of millions of transactions processed through its expansive service offering, LenderLive offers the vision, experience and innovation on which financial institutions can rely. For more information about the company and its services, contact Rick Seehausen at 303.226.8001 or visit http://www.lenderlive.com.
Margaret Mooney, The Collingwood Group LLC, http://www.collingwoodllc.com/, 2026269725, [email protected]
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