Houlihan Lokey Advises Covius Holdings

Houlihan Lokey is pleased to announce that Covius Holdings, Inc. (Covius), has sold LenderLive Financial Services, LLC and its operating subsidiary LenderLive Network, LLC (LLN), a leading fulfillment and secondary market service provider in the U.S. mortgage industry, to Computershare Loan Services (CLS). The transaction closed on December 31, 2018.

Covius' decision to sell the LenderLive Network division grew out of their long-term plan to invest in and build their services and technology businesses while finding long-term strategic capital sources or partners for the fulfillment and secondary marketing businesses. Going forward, Covius intends to build its remaining services division and grow through strategic acquisitions like the Require Holdings transaction completed in April 2018.

Covius is a trusted provider of services, insight, and technology to financial companies of all sizes, including many of the nation's leading financial institutions. Covius' technology-enabled solutions deliver operational efficiencies, mitigate risk, and empower confident, compliant decisions and borrower interactions. Covius businesses are recognized leaders in quality assurance, regulatory compliance, compliant document services, comprehensive settlement services, lien and title curative solutions, as well as cloud-based business process solutions. Covius Holdings, Inc. is a portfolio company of Aquiline Capital Partners, a New York-based private equity firm investing in financial services companies.

Houlihan Lokey served as the exclusive financial advisor to Covius Holdings, Inc.