LenderLive Services, a division of LenderLive Holdings, announced on Tuesday that it will now provide expanded compliance services through a new line of business: LenderLive Compliance Solutions.
The company highlighted the new entity will offer both bundled and a la carte services to vehicle finance companies, credit unions, community and regional banks. Maria Moskver, general counsel and enterprise compliance officer for LenderLive, will lead LenderLive Compliance Solutions.
During the past two decades, LenderLive has developed significant in-house expertise in regulatory compliance, operational controls, systems and industry best practices. The company maintains one of the most extensive template libraries, including documents relating to vehicle default for all 50 states. The library contains pre- and post -repossession notices required by the Uniform Commercial Code and other federal and state laws, including right to cure notices, and notices of sales and deficiency.
LenderLive will continue to offer its Compliance Solutions bundled with fulfillment and document services to primarily enterprise clients.
In addition, LenderLive Compliance Solutions will now give vehicle finance companies the option to access its compliance solutions on an a-la-carte basis. This flexible approach can allow auto finance companies, credit unions, community and regional banks to supplement their internal compliance resources with LenderLive’s expertise. These services include:
• Ongoing regulatory monitoring and alerts for regulatory changes at the federal and state level.
• Access and use of LenderLive’s extensive state and federal template library.
• Ongoing template updates and review services.
• Client-focused webinars covering vehicle finance regulations, judicial developments and decisions.
• Custom research and consulting on regulatory compliance issues, including operational and best practice perspectives, to accelerate implementation times.
“Historically, financial institutions have turned to LenderLive for turnkey solutions that have reduced costs and kept them compliant,” said LenderLive chief executive officer Rob Clements, who joined the company on July 18 after more than two decades at EverBank Financial Corp.
“What we are doing now is leveraging the embedded expertise we’ve developed and providing financial institutions these services in two distinct ways, helping to create greater efficiencies based on specific needs,” Clements continued.
Clements arrived at LenderLive at the same time as John Surface was named as president and chief operating officer of the company. Clements and Surface also are a part of the company’s board of directors.
LenderLive founder Rick Seehausen moved into the role of vice chairman.
“After more than two decades leading EverBank, I’m incredibly excited to have this opportunity to use my experience in financial services to lead LenderLive during this next phase of its growth and evolution. LenderLive is well positioned to capitalize on the ever-changing dynamics of the financial services industry, and I am pleased to be working with my long-time colleague and friend, John Surface, to continue to build LenderLive for the future,” Clements said.
“Rick Seehausen has created a great company with a strong management team that has successfully grown in size, geography, product scope, and client base. We look forward to working with Rick in his role as vice chairman and founder to ensure a seamless transition and continued success,” Clements continued.
Surface added, “Over the last few years, LenderLive has diversified and strengthened its product offering, expanded its client base and built a business with considerable expansion possibilities. This is an ideal situation that allows us to bring our experience building and transforming EverBank to another ascending company with significant momentum and growth potential. I look forward to working with Rob and our new colleagues to continue that upward trend.”
After leading and growing LenderLive for nearly two decades, Seehausen has been interested in finding strong, reputable leadership to guide the company through the next chapter in its evolution.
“Over the past 18 years, we have built LenderLive into a leading provider of fulfillment and critical services for the financial services industry. I couldn’t be prouder of all that we have accomplished together, which has put the company in a great position to take the next step in its development,” Seehausen said.
“Given our ambitions to grow the company meaningfully, both organically and through acquisitions, it is clear that now is the right time to bring in new leadership expertise to guide the company to the next level,” he went on to say.
“Rob and John are well-respected, talented professionals who I trust will accelerate LenderLive’s upward trajectory and carry out the growth plans that we’ve put in place over the last few years,” Seehausen added.