Lenders One® Announces Record Volume
Lenders One Lender Members Originate $224 Billion in 2013
ST. LOUIS -- April 8, 2014
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.
“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.
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
Chief Financial Officer
+352 2469 7950
Lenders One^® Mortgage Cooperative
Director of Marketing
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