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LenderLive purchases Guardian Mortgage Documents.

LenderLive Network Inc., Glendale, Colorado, announced in late August that it has purchased the assets of Lakewood, Colorado-based Guardian Mortgage Documents (GMD). Terms of the acquisition were not disclosed.

GMD, which has provided document-preparation services and software to the financial industry for 20 years, has worked for the last decade as the exclusive provider of document-prep services to LenderLive.

"This acquisition takes our longstanding relationship with Guardian management and its staff to the next level, allowing us to capitalize on the tremendous synergies that are already in place," explained Rick Seehausen, president of LenderLive. "We are proud to have the opportunity to tap into the knowledge base and skill of Guardian's employees while continuing to offer the same high level of service to the mortgage industry."

GMD will maintain its management staff and operations will continue from the Lakewood location, while GMD founder Michael O'Leary will continue as president of the company.

"In a time when so much is changing in the financial industry, we are fortunate to have a strong relationship already in place with LenderLive," O'Leary said. "LenderLive has an unparalleled reputation in the industry, and joining our two companies offers complete mortgage origination and loan fulfillment services that deliver the best value to clients."

Document preparation is the only part of the loan origination cycle that LenderLive has outsourced in the past. GMD's solutions now complete LenderLive's end-to-end origination offering.

"This acquisition has placed us in a power position for the future," Seehausen said. "LenderLive's primary goal is to provide excellent service to its clients in every aspect of their business. From the point of sale to all back-office operations, we strive to help our clients reduce the cost of providing service to their customers."

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Title Annotation:TechNewz; Guardian Mortgage Documents Inc. has acquired by LenderLive Network Inc.
Comment:LenderLive purchases Guardian Mortgage Documents.(TechNewz)(Guardian Mortgage Documents Inc. has acquired by LenderLive Network Inc.)
Publication:Mortgage Banking
Article Type:Brief article
Date:Oct 1, 2008
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