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ICBA and LenderLive Launch “ICBA Mortgage Solutions”

Washington, D.C. (October 20, 2010)-The Independent Community Bankers of America (ICBA) and LenderLive Network, Inc. today announced the launch of ICBA Mortgage Solutions, an innovative, multi-functional suite of mortgage services designed to help ICBA member community banks continue to originate, process, close, fund and sell residential loans.

"Main Street community banks are relationship lenders that continue to serve the needs of their local customers nationwide by providing common-sense mortgage loans that they can afford and afford to keep," said Ron Haynie, president and CEO of ICBA Mortgage Corporation, the mortgage services subsidiary of ICBA.  "ICBA Mortgage Solutions is a testament to our dedication to offering value-added services to our member community banks as it will provide them with greater access to high-quality mortgage products, easy-to-use technology and the necessary tools to manage risk." 

ICBA Mortgage Solutions delivers a technologically advanced platform supported by well-trained mortgage-lending professionals to help community bankers originate and process residential loans efficiently and sell them to multiple "community bank friendly" preferred mortgage investors.

"As a community banker, I have no doubt that ICBA Mortgage Solutions will heighten the ability of community banks across the nation to offer their customers residential loans while sticking to the common-sense lending principals that have always been the hallmark of community banks," said Terry Jorde, chairman of ICBA Mortgage and president and CEO of CountryBank USA in Cando, N.D.

To bring this platform to the market, ICBA Mortgage has partnered with LenderLive Network Inc., an experienced provider of mortgage technology and loan-fulfillment services. Based in Denver, LenderLive is the engine for ICBA Mortgage Solutions.

"We are extremely excited about the launch of ICBA Mortgage Solutions and our partnership with ICBA Mortgage to bring this offering to community banks," said Rick Seehausen, president and CEO of LenderLive.  "We feel strongly that the recent changes in the mortgage industry represent a tremendous opportunity for community banks to grow market share in mortgage lending and stabilize the primary origination market with high-quality loan originations."

About ICBA Mortgage Corporation
ICBA Mortgage, a wholly-owned subsidiary of ICBA, provides community banks with direct and indirect access to the secondary mortgage lending market, allowing our nation’s community banks to serve their local customers and communities with common-sense mortgage loans. Through strategic partnerships, community banks are able to compete with the larger mortgage providers in today's market. For more information about ICBA Mortgage, visit www.icbamortgage.com.

About ICBA Mortgage Solutions, LLC.
ICBA Mortgage Solutions offers an innovative, multi-functional suite of mortgage services to ICBA member banks that will efficiently help them originate, process and close residential loans. Through a secure, state-of-the-art platform, community banks are able to deliver loans (wholesale or correspondent) to multiple preferred investors. Supported by dedicated and seasoned mortgage lending professionals and our highly scalable platform, banks have access to back-office fulfillment services and web-based, private-labeled origination capabilities. ICBA Mortgage Solutions is an affiliate of ICBA Mortgage and a subsidiary of LenderLive Network, Inc. For more information about ICBA Mortgage Solutions, please visit www.icbams.com.

About LenderLive Network, Inc.
LenderLive is a Denver-based mortgage service provider. Since 1996, the company has provided the single-family mortgage loan industry with private-label service and technology solutions to originate, process, underwrite and close loans on behalf of its clients. This continued support to lenders and servicers brought LenderLive recognition in 2009 as a Top 50 Mortgage Service Provider by Mortgage Technology Magazine. Through comprehensive solutions or component services, LenderLive offers the people, technology and processes that allow its clients to focus on their core business while LenderLive provides their mortgage loan fulfillment needs. For more information about the company and its services, contact Rick Seehausen at 303.226.8001 or visit www.lenderlive.com.