FintechMortgageServicing

2019 HW Tech100 winner: Covius

Meeting needs of financial services industry

F1

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 F1develops 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%.

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