The acquisition is part of the company's strategy to build out its service side
Mortgage services provider LenderLive Services has announced its acquisition of reQuire Holdings, a group of technology-enabled companies that provide compliance, quality assurance, and valuation services for the residential and commercial real estate market.
ReQuire’s offerings include lien release tracking, title search and reporting services, title curative services, due diligence, quality assurance, asset valuation, and business process management technology products. Based in Virginia Beach, Va., require is led by CEO Al Will.
LenderLive acquired reQuire from L2 Capital Partners, a private equity family office. The terms of the deal were not disclosed.
LenderLive said reQuire's products will complement its document and settlement services offerings. The deal will also allow the combined companies to expand product offerings.
"When John Surface and I joined LenderLive nine months ago, we said one of our priorities would be to use strategic acquisitions to build out the services side of our business and enhance the capabilities of the broader organization," LenderLive Chairman and CEO Rob Clements said. "We look forward to joining forces with Al Will and his team at reQuire as we execute on our long-term growth plans."
