MoKan Title Services Acquired By LenderLive
7 Mile Advisors Acted As The Exclusive Sell-Side Advisor To MoKan Title Services In Their Acquisition by LenderLive
LenderLive Network Inc. (“LenderLive”)’s Settlement Services division acquired MoKan Title Services (“MoKan”). Terms of the transaction were not disclosed.
MoKan offered basic and specialized title insurance coverage and services for residential and commercial lenders on new loans, refinances of existing loans, foreclosure-related actions and closings for REO transactions.
LenderLive Settlement Services has provided title and settlement products and services since 2006 in all 50 states. The company has extensive, proven experience in assignments, substitution of trustee and loan modifications. The LenderLive division began offering title-related services for loan modifications in 2009, and with the acquisition of MoKan, has further expanded its capabilities to be an end-to-end title services provider in the default space. The acquisition was also a strong strategic fit with LenderLive’s launch of its specialty servicing business in June of 2011.
MoKan was previously affiliated with the law firm Martin, Leigh, Laws & Fritzlen, P.C. which services the lender community. Berry F. Laws III joined LenderLive as Director of Strategic Initiatives and remained Of Counsel for Martin, Leigh, Laws & Fritzlen.
About LenderLive Network
LenderLive is a domestic-based mortgage services provider. Through its five divisions, origination services, conduit services, document services, settlement services and loan servicing, LenderLive offers the people, technology and processes to support its clients’ origination, servicing and loan purchase operations. From large-scale and centralized operations centers, the company provides services to financial institutions of all sizes on a national basis. With tens of millions of transactions processed through its expansive service offering, LenderLive offers the vision, experience and innovation on which financial institutions can rely.
7 Mile Advisors acted as the exclusive sell-side advisor to MoKan.