Aquiline Capital Partners has agreed to acquire Denver-based mortgage services provider LenderLive. No financial terms were disclosed.
Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm investing in financial services, today announced that it has signed a definitive agreement to become the majority investor in LenderLive Network Inc. (“LenderLive”), a Denver-based, end-to-end mortgage services provider.
Founded in 1999, LenderLive serves more than 300 financial institutions including a number of the world’s largest commercial/investment banks and top-tier mortgage lenders. The company’s suite of offerings includes mortgage origination, subservicing, document solutions, due diligence, and title and closing services.
“Aquiline has financial services operating experience and a reputation for building value within their portfolio companies,” said Rick Seehausen, Chief Executive Officer of LenderLive. “Aquiline will provide the strategic guidance and resources to accelerate our growth and support the continued development of the technology and solutions that provide our clients with competitive and compliance advantages in the market.”
“Increased market complexity and heightened regulation are driving demand for compliant, cost-effective residential mortgage solutions,” said Jeff Greenberg, Chief Executive Officer of Aquiline. “We are excited to be partnering with Rick and his team to support LenderLive’s core business and strategic growth initiatives in the mortgage services industry.”
The transaction, the terms of which were not disclosed, is subject to customary closing conditions.
LenderLive is a domestic-based mortgage services provider. Through its six service offerings – outsource services, correspondent lending, loan servicing, document services, settlement services and due diligence – LenderLive offers the scale, experience and security 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, expertise and innovation on which financial institutions can rely. For more information about the company and its services visit www.lenderlive.com.
About Aquiline Capital Partners LLC
Aquiline is a private equity firm based in New York investing in middle-market businesses across the financial services sector in banking and credit, insurance, investment management and markets, and financial technology. Aquiline targets specialized businesses that have potential for improved performance and growth in conjunction with Aquiline’s equity ownership and active involvement. The Firm consists of industry experts who use their operating experience and a hands-on approach to build value in portfolio companies. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit www.aquiline-llc.com.