LenderLive Network Becomes Parent Company to Guardian Mortgage Documents

Business Wire, August 27, 2008

Business process outsourcer rounds out service offerings with in-house doc prep

DENVER -- LenderLive Network, Inc., a company that provides business process outsourcing and technology to the financial industry, announced this week it has purchased the assets of Colorado-based Guardian Mortgage Documents (GMD), which has provided document preparation services and software to the financial industry for 20 years.

GMD, which works with some of the industry's largest lenders, has worked for 10 years as the exclusive provider of document prep services to LenderLive. GMD will maintain its management and operations will continue from the Lakewood location.

"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'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 services. From simple document preparation to fully integrated and customized workflow solutions, GMD technology streamlines all processes to increase efficiencies.

Since 1987, GMD has provided document preparation and delivery services to several top 10 lenders. The company produces millions of documents a year for its customers and has received multiple industry recognition awards. Michael O'Leary, who founded GMD, 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. "It is good to know we are a part of a company that has the same commitment to quality and service that we have. 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 completes 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 operation, we strive to help our clients reduce the cost of providing service to their customers. "

About LenderLive Network Inc.

LenderLive is a Denver-based company that provides business process outsourcing and technology. Since 1996, the company has offered the financial industry private-label service and technology. Through its five business channels, retail, wholesale, specialty origination, contract services and settlement services, LenderLive offers the people, technology and process that allow its clients to focus on their core business. LenderLive management has more than 250 years of combined experience in the mortgage industry.

For more information about the company and its services, contact Rick Seehausen at 303.226.8001 or visit www.lenderlive.com.