Colorado-Based Title Company Makes Acquisition
February 21, 2012
LenderLive Settlement Services, a wholly owned subsidiary of LenderLive Network Inc., a domestic-based, end-to-end mortgage services provider, acquired MoKan Title Services LLC. MoKan.
MoKan was previously affiliated with Martin, Leigh, Laws & Fritzlen, P.C., a law firm based in Kansas City, Mo. The entities will continue working together as strategic partners.
LenderLive Settlement Services has provided title and settlement products and services since 2006 in all 50 states, and it is now directly licensed in 36 states. The LenderLive division began offering title-related services for loan modifications in 2009. The company said the acquisition of MoKan will help expand capabilities to be an end-to-end title services provider in the default space. The acquisition is also a strong strategic fit with LenderLive’s recent launch of its specialty servicing business in June 2011, the company said in a release.
LenderLive plans to retain all of the current staff and continue to operate from the current MoKan locations. Amy Wilson has been named vice president of default operations for LenderLive Settlement Services. In addition, Berry F. Laws III will remain as Of Counsel for the law firm and join LenderLive Settlement Services in the capacity of director of strategic initiatives.
“We understand that the needs of servicers are changing drastically as the market resets and increasing regulatory compliance is required,” said Rick Seehausen, president and CEO of LenderLive. “The addition of MoKan gives us a solid opportunity to grow our offerings, add more default-related experience to our team and become the go-to company for all title and settlement services in this and every market cycle.”
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