Lenders One, Fannie Mae Extend Contract

s One Mortgage Cooperative, a national alliance of mortgage bankers, has extended its contract with Fannie Mae as a preferred investor. Extending this relationship ensures that cooperative members who sell to the government-sponsored enterprise (GSE) will gain access to more competitive pricing and technology as compared to working with Fannie Mae independently. This relationship provides several key advantages to Lenders One members, such as quick funding. Fannie Mae also benefits from the alliance with Lenders One, specifically in being able to expand its market share with the cooperative's members and minimize the costs associated with originating that production. Leveraging the combined strength of its members, Lenders One says it is able to form these strategic alliances and negotiate preferred pricing, priority service and additional program benefits from mortgage investor partners. Fannie Mae has been working with Lenders One for seven years and is the only GSE in its network of preferred investors. "Aligning with Fannie Mae provides revenue-enhancing, cost-saving and market-share expanding opportunities and that translate into true growth strategies for our members," says Scott Stern, Lenders One CEO. SOURCE: Lend

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