S&P adds LenderLive data to RMBS due diligence surveillance
Standard & Poor's gave LenderLive Network Inc. a nod of approval this week by naming the firm one of its approved third-party due diligence providers. LenderLive, which provides loan processing to the mortgage industry, obtained the stamp of approval for its review of loans underlying residential mortgage-backed securities submitted to S&P for a credit rating. The nod from S&P comes at a time when the future of the securitization market hinges not only on investor confidence, but on the accuracy and dependability of data culled from loans backing RMBS. The ratings agency recently began incorporating third-party due diligence results into its RMBS rating process. Write to Kerri Panchuk.