LenderLive to Provide Subservicing for Pingora

""LenderLive Network"":http://www.lenderlive.com/, an end-to-end mortgage services provider headquartered in Colorado, announced a partnership to provide subservicing for ""Pingora"":http://pingorafund.com/, a specialized asset manager focused on investing in and managing the servicing of newly produced mortgage servicing rights (MSR) portfolios.

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The companies began working together in February after Pingora selected LenderLive to handle a portion of its portfolio.

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""We wanted a nimble partner; one who understands all the nuances of this industry,"" said Pingora CEO Michael Lau. ""LenderLive immediately stood out not only because of its comprehensive servicing offerings without legacy constraints but also its Denver location, which would make working with the company much more convenient.

""These two important business aspects made it an easy decision for us, and working with LenderLive has already helped improve our business efficiency,"" he continued.

Founded in 2012, Pingora was started on the premise of carving out an investment pool consisting of the growing number of MSRs from newly originated performing loans. The firm initially reached out to LenderLive after purchasing its first group of Fannie Mae MSRs.

""Pingora's management team has extensive experience in the market, and they know what business processes are necessary to run a successful and risk-adverse mortgage fund,"" said LenderLive CEO Rick Seehausen. ""We take pride in being able to work quickly and efficiently to meet the needs of our customers and their clients. As Pingora continues to grow and build relationships, LenderLive is committed to being a trusted partner.""