A service which allows credit union members to lower mortgage interest rates without refinancing will soon offer loan servicing with Denver-based mortgage servicing firm LenderLive.

Mortgage Harmony borrowers are also able to extend their loan terms at their own initiative, but the firm, Mortgage Harmony, makes clear that both the interest rate reduction and term extension require the loan have a payment history that is "unblemished."

"We are very excited to offer our current as well as new customers the ability to service the HarmonyLoan," said Rick Seehausen, CEO of LenderLive Network Inc. "The Harmony Loan along with the loan retention software brings value through greater efficiency and economics to the mortgage market and we are happy to play an important role in that effort."

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