Independent mortgage cooperative The Mortgage Collaborative has partnered with national correspondent investor and mortgage loan servicer The Money Source.
The Money Source specializes in direct-to-agency loan securitization. The company says its approach is to provide robust product offerings for sellers with minimal to no overlays while retaining the servicing and offering homeowners continued customer service after the loan closes. Sellers can create their own guidelines and credit culture to fit the needs of their respective lending communities.
“The Money Source purchases a wealth of loan products, and they offer their sellers flexible guidelines with minimal overlays,” says Rich Swerbinsky, executive vice president of national sales and strategic alliances for The Mortgage Collaborative. “The addition of a reputable organization like The Money Source is a real win for our lender members.”
The Mortgage Collaborative network includes more than 110 lenders, with an aggregate annual origination volume of over $180 billion. The network caters to lenders of all sizes, with a strong mix of independent mortgage brokers and community banks and depositories.
