The new management team at Covius, formerly LenderLive, has pivoted away from lending and fulfillment and focused on investing in technology and tech-enabled solutions that meet the changing needs of the financial services industry.
The 2018 acquisition of Require Holdings provides a good example of the company’s new direction. Require is a tech-forward group of companies that develops solutions in lien and title search, valuation and loan review spaces. Its Covius Technologies unit is a leader in low-code programming that is being used by leading government-sponsored enterprises, like Freddie Mac and the Federal Home Loan Bank of Chicago. An example of some of Covius’ innovative solutions includes an end-to-end default management solution for a top five servicer that is reducing defects by more than 40%.