Lenders One Mortgage Cooperative
, a national alliance of community mortgage bankers, correspondent lenders and suppliers of mortgage products and services, announced it had a record origination volume in 2011 of $106.7 billion in loans, an 18 percent increase over its 2010 volume. The cooperative added a record 49 new members in 2011, bringing the current membership to 221 mortgage bankers.
“It is no surprise we surpassed 200 members and originated more than $100 billion in mortgages in the same year because of our commitment to supporting our members,” said Scott Stern, CEO of Lenders One. “The Lenders One secondary marketing system helps our members increase their revenues while our settlement services and marketing programs help our members decrease their expenses and expand their market share.”
Lenders One reported loan production in all 50 states in 2011, which included conventional, FHA/VA, jumbo and other specialty loans.
“Lenders One is attractive to a diverse group of mortgage bankers because it offers a variety of programs to our members,” concluded Stern. “We stay focused on providing members with new initiatives and partnerships that help them improve their bottom line.”
About Lenders One Mortgage Cooperative
Lenders One (
) was established in 2000 as a national alliance of mortgage bankers, correspondent lenders and suppliers of mortgage products and services. The St. Louis-based company originated more than $106 billion in mortgages in 2011 and is ranked 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, now more than 220 lender members strong, is a subsidiary of Altisource Portfolio Solutions S.A.
Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is a provider of services focused on high-value, technology-enabled, knowledge-based solutions principally related to real estate and mortgage portfolio management, asset recovery and customer relationship management. Additional information is available at