Fourteen new lenders recently joined The Mortgage Collaborative, an independent mortgage lending cooperative founded in 2013 to empower mortgage lenders with better financial execution, reduced costs, enhanced expertise and improved compliance.
The new member companies are as follows:
Advisors Capital, Novi, Mich.;
Churchill Mortgage, Brentwood, Tenn.;
Columbus First Bank, Columbus, Ohio;
FBC Mortgage, Orlando, Fla.;
First Community Mortgage, Murfreesboro, Tenn.;
First Direct Lending, Irvine, Calif.;
Fulton Mortgage Co., Lancaster, Penn.;
Integrity Home Mortgage Corp., Winchester, Va.;
Nations Lending Corp., Independence, Ohio;
Origin Bank, Addison, Texas;
People’s Mortgage Co., Chandler, Ariz.;
Platte Valley Bank of Missouri, Platte City, Mo.;
Sente Mortgage, Austin, Texas; and
Sunstreet Mortgage, Tucson, Ariz.
The new additions bring the aggregate origination volume of the collaborative’s lender members to more than $90 billion annually.
“It’s inspiring to our team hearing about the value great companies like these see in our network,” says Rich Swerbinsky, executive vice president of national sales and strategic alliances for the collaborative, in a release. “Being completely independent allows us always to focus on our members first and foremost.
“This is a challenging climate for mortgage originators, especially small to midsize lenders, as mortgage origination costs skyrocket,” Swerbinsky adds. “The technology and innovation in this industry is changing rapidly, and lenders are spending more time than ever playing defense. At a time where business development issues and initiatives are paramount to the future success of mortgage originators, we act as a partner to our members in overcoming all of those challenges.”
In the past 12 months, the collaborative has added 48 new originating lender members, continuing its rapid growth.
The Mortgage Collaborative also recently announced its Summer Lender Member Conference, which will be held Aug. 20-23 at the Four Seasons Hotel in Denver.