Monday, November 10, 2008

LenderLive Picks up Credit Union Customer

Denver-based LenderLive Network Inc. revealed Monday that it will provide loan fulfillment services and Web site hosting for an international credit union. The financial impact of the customer win was not disclosed. LenderLive, a provider of business process outsourcing to the financial industry, identified its new client as the State Department Federal Credit Union, which boasts some 64,000 members worldwide. LenderLive said it will host SDFCU's private-label mortgage origination Web site, a key property because 90 percent of the credit union’s business is conducted via telephone or online.