This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Lenders One Increases Production, Membership In First Half Of 2011

Despite the economic challenges facing much of the mortgage industry, Lenders One Mortgage Cooperative, a national alliance of community mortgage bankers, correspondent lenders and suppliers of mortgage products and services, reported growth in all key areas of its business through the first half of 2011.

Lenders One added 18 member companies to its roster through June and has since welcomed 10 more new members in the third quarter, bringing the total number of active members to 198. Driving this continued growth are the significant cost savings Lenders One provides members in secondary marketing, settlement services and other business related areas such as marketing. These offerings help members to maximize their profits and expand their market share.

“We only become stronger with the addition of each member,” explained Scott Stern, CEO of Lenders One. “Nonetheless, Lenders One would not exist without our network of preferred investors and vendors who provide our members with outstanding products and services. Lenders One is truly a marketplace of mortgage industry experts from all sectors of mortgage banking.”

To that end, Lenders One enhanced and expanded its preferred investor platform in the first half of 2011. It welcomed Bank of Internet and Franklin American as new investor partners as well as renewed other key investor relationships. In addition, Lenders One welcomed several new preferred vendors including DocVelocity, Leads360, MortgageEducation.com and VirPack while continuing to strengthen existing preferred vendor relationships.

Despite predictions of lower mortgage volume nationally, Lenders One members reported a 16-percent increase in total loan volume through the second quarter 2011. Lenders One members originated $39.4 billion in total loan volume through the second quarter 2011, up from $34 billion in volume generated during the first half of 2010.

Stern added, “We are pleased with our ability to provide value to every participant in the cooperative including our members, preferred investors and preferred vendors, especially considering the very difficult market we are all in.”

Stock quotes in this article: ASPS 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,424.85 +162.29 1.00%
S&P 500 1,862.31 +19.33 1.05%
NASDAQ 4,086.2250 +52.0640 1.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs