Lenders One Mortgage Cooperative, a national alliance of mortgage bankers, is celebrating its eighth year of service in the mortgage industry. The cooperative started the year strong by originating more than $20.4 billion in the first seven months of 2008, during which Lenders One also experienced record growth in production and membership.
‘Lenders One always provides great benefits to mortgage bankers, but the value of those benefits is heightened when the market is as difficult as it is now,’ says Scott Stern, CEO of Lenders One.
Lenders One says it uses the buying power of its membership to deliver programs that maximize revenues, minimize expenses and expand market share. Management projects membership to rise to approximately 140 members by the year's end. The cooperative also plans to expand its preferred partnerships.
Source: Lenders One