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Lenders One Strengthens Corporate Team Through Promotions, New Appointments

Stocks in this article: ASPS

Lenders One Mortgage Cooperative, a national alliance of community mortgage bankers, correspondent lenders and suppliers of mortgage products and services, announced today the promotion of Susan Malpocker to national sales director. Additionally, Diane Dunger was named regional manager of the Western region, and the cooperative has hired two membership managers to help support the growing number of members and their needs.

Malpocker was previously the regional manager of Lenders One’s western region and has been with the cooperative for more than four years. Her mortgage industry career has included positions as national client manager, business development specialist and sales manager during the past 20 years with companies including Nexstar Financial Corp. and CitiMortgage. In her new position, she will oversee new member recruiting, work with investor and vendor partners and coordinate the overall membership experience.

Dunger is a 20-year veteran of the financial services industry. Before joining Lenders One as regional manager, she worked at CitiMortgage and several Fortune 500 companies where she developed skills in sales, account management, revenue growth and territory development.

“Having highly qualified people such as Susan, Diane and our new membership managers in place reflects our commitment to our Members, as well as to the industry,” said Scott Stern, CEO of Lenders One. “As our industry continues to reshape itself, we continue to expand our services and service level to ensure our members remain competitive and grow their businesses.”

The two new membership managers, along with the team of four regional managers, help meet the needs of the 188 independent mortgage lender members across the country. Peg Eaton, joined Lenders One with 11 years of mortgage industry experience, most recently with CitiMortgage. Amy Hitch brings 14 years experience most recently with Wells Fargo Home Mortgage.

About Lenders One Mortgage Cooperative

Lenders One ( www.LendersOne.com) was established in 2000 as a national alliance of mortgage bankers, correspondent lenders and suppliers of mortgage products and services. Based in St. Louis, with more than 180 members originating $90 billion in mortgage loans for 2010, the Lenders One alliance ranks as one of the largest retail mortgage originators in the U.S. Its mortgage productivity system additionally allows members to close more loans, satisfy continuing education requirements and market themselves more powerfully. Lenders One is a subsidiary of Altisource Portfolio Solutions S.A. (NASDAQ: ASPS).

About Altisource™

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) is a provider of services focused on high value, technology-enabled, knowledge-based functions principally related to mortgage and real estate portfolio management, asset recovery and customer relationship management. Additional information is available at www.altisource.com.



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