Industry NewsTechnology

Guardian Mortgage Documents has new parent

Real estate brief

Guardian Mortgage Documents Inc. has been acquired by a former client, LenderLive Network Inc., in the latest fallout related to Mercury Companies Inc.'s hasty exit from the title insurance and settlement services business.Denver-based LenderLive, which provides outsourcing services for lenders, including mortgage originations, loan processing, underwriting, closing and post-closing, said it will leave Guardian's management and operations intact, with founder Michael O'Leary continuing as president of the company.Guardian has provided document preparation and delivery services to the mortgage industry since 1987. It claims several top 10 lenders as clients and and has been the exclusive provider of document preparation services to LenderLive for a decade. Document preparation was the only part of the loan origination cycle LenderLive had outsourced, and acquiring Guardian gives the company end-to-end origination capabilities. "This acquisition takes our longstanding relationship ...