DENVER, August 1, 2017— LenderLive Services LLC, a division of LenderLive Holdings, Inc. (“LenderLive”), announced today that it will now provide expanded compliance services through a new line of business: LenderLive Compliance Solutions. 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.
Over 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 is trusted by eight of the top 10 bank and vehicle finance companies in the U.S. for compliance and outsourced critical borrower communications.
LenderLive will continue to offer its Compliance Solutions bundled with best-in-class 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 will allow vehicle finance companies, credit unions, community and regional banks to supplement their internal compliance resources with LenderLive’s proven 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 Rob Clements, CEO of LenderLive. “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.”
As a trusted premier services provider, LenderLive partners with financial companies to transform their day-to-day operations by delivering services and solutions that improve efficiencies, reduce operational errors, and mitigate compliance risk.
The company’s solutions work together seamlessly or can be tailored to meet client needs. As a proven partner, clients rely on LenderLive daily for thousands of transactions and high-quality experiences for their valued customers.
For more information about the company and its services, visit www.lenderlive.com.