LenderLive Services LLC has announced the start of its LenderLive Compliance Solutions (LLCS), a new entity through which it will provide expanded compliance services.
LLCS will offer both bundled and a la carte services to banks, non-bank mortgage servicers, credit unions, and other financial institutions. It will be led by Maria Moskver, general counsel and enterprise compliance officer for LenderLive.
“Historically, financial institutions have turned to LenderLive for turnkey solutions that have reduced costs and kept them compliant,” LenderLive CEO Rob Clements said in a release.
“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 for every specific need,” Clements added.
The company said LLCS will give smaller companies such as community banks, credit unions and regional banks the option to access its compliance solutions on an a-la-carte basis. These services include ongoing regulatory monitoring and alerts for regulatory changes at federal and state levels; access and use of LenderLive’s wide-ranging state and federal template library; ongoing template updates and review services; and client-focused webinars covering key servicing, loss mitigation and default topics.