The private equity firm Aquiline Capital Partners has reached an agreement to become the majority investor in LenderLive Network.
Terms of the transaction were not disclosed in a Monday press release.
LenderLive in Denver is a mortgage service provider that serves more than 300 financial institutions. The company offers mortgage origination, subservicing, document solutions, due diligence, and title and closing services.
“Aquiline will provide the strategic guidance and resources to accelerate our growth and support the continued development of the technology and solutions that provide our clients with competitive and compliance advantages in the market,” said Rick Seehausen, chief executive of LenderLive.
In March 2013, Aquiline acquired the wealth management business of Genstar Capital for $412.5 million.