Lenders One® Announces Record Volume
April 08 2014 - 11:14AM
Business Wire
Lenders One Lender Members Originate $224
Billion in 2013
Members of Lenders One Mortgage Cooperative, a national alliance
of community mortgage bankers, correspondent lenders and suppliers
of mortgage products and services, collectively originated $224
billion in loan volume for 2013. This represents a 22 percent
increase from the previous year and nearly 14 percent of the total
U.S. origination volume.
“Despite the market correction that began last summer, our
members continue to see market share increases,” said Jeff
McGuiness, CEO of Lenders One. “The lenders that planned for change
are successfully navigating the purchase market and adapting to the
new regulations, while protecting their margins. They selected
partners and programs from the Lenders One platform that flexed
with their business volume and product needs.”
Part of that success is attributed to the lender members’ access
to multiple preferred investor relationships, including six
preferred investors that joined the cooperative in 2013:
- 360 Mortgage Group
- Homeward Residential Capital
- Liberty Home Equity Solutions,
Inc.
- New Penn Financial
- Weststar Mortgage Corp.
- Prospect Mortgage
“Lenders One is committed to using the collective negotiating
power of the cooperative to deliver the resources and benefits that
help our members continue to succeed, regardless of market cycle,”
concluded McGuiness.
About Lenders One® Mortgage Cooperative
Lenders One (www.LendersOne.com) was established in 2000 as a
national alliance of independent mortgage bankers, correspondent
lenders and suppliers of mortgage products and services. Members of
the St. Louis-based platform originated more than $224 billion in
mortgages in 2013; collectively ranking as one of the largest
retail mortgage origination entities in the U.S. Lenders One,
nearly 275 lender members strong, is managed by a subsidiary of
Altisource Portfolio Solutions, S.A.
About Altisource®
Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is a premier
marketplace and transaction solutions provider for the real estate,
mortgage and consumer debt industries offering both distribution
and content. We leverage proprietary business process, vendor and
electronic payment management software and behavioral science based
analytics to improve outcomes for marketplace participants.
Additional information is available at www.Altisource.com.
Investor Contact:AltisourceMichelle EstermanChief
Financial Officer+352 2469
7950Michelle.Esterman@altisource.luorPress Contact:Lenders
One® Mortgage CooperativeKristi KovalakDirector of
Marketing314-817-1313KKovalak@LendersOne.com
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