Lenders One Welcomes 29 New Member Companies to the Cooperative
23 Enero 2024 - 7:00AM
Lenders One® Cooperative (“L1” or “Lenders One”), a national
alliance of independent mortgage bankers, banks and credit unions
managed by a subsidiary of Altisource Portfolio Solutions S.A.
(“Altisource” or the “Company”) (NASDAQ: ASPS), is pleased to
welcome 29 new member companies that joined during the 2023
calendar year.
The addition of these members amid the challenging mortgage
origination environment is a testament to the power of the
Cooperative’s mission of helping members maximize revenue, reduce
the cost to manufacture loans and improve decisions through the
sharing of best practices.
Lenders One offers a suite of solutions including credit, flood,
fraud, verifications and quality control that help originators
lower their origination costs, while providing the same service and
high level of customer support that members expect. These solutions
allow members to improve profitability, which is even more
important during a time when volume is lower and loan production
costs are increasing.
“We are confident that our solutions help the members reduce
costs and improve profitability and it is particularly exciting to
add these members who see the value of membership in the current
state of the market,” said Justin Demola, CMB, President, Lenders
One and Senior Vice President of Originations, Altisource.
About Lenders One Cooperative
Lenders One (LendersOne.com) was established in 2000 as a
national alliance of independent mortgage bankers, banks, credit
unions and is dedicated to helping its members improve their
profitability by reducing costs, maximizing revenue and sharing
best practices. Lenders One members originated approximately $485
billion of mortgages during 2022, collectively ranking as the
largest retail mortgage entity in the U.S. Lenders One is managed
by a subsidiary of Altisource Portfolio Solutions S.A.
About Altisource®
Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is an
integrated service provider and marketplace for the real estate and
mortgage industries. Combining operational excellence with a suite
of innovative services and technologies, Altisource helps solve the
demands of the ever-changing markets we serve. Additional
information is available at altisource.com.
Investor Contact:Michelle D. EstermanChief
Financial Officer770-612-7007Michelle.Esterman@altisource.com |
Press Contact:Justin Demola, CMBPresident, Lenders
One770-956-5809Justin.Demola@lendersone.com |
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Source: Altisource Portfolio Solutions S.A.
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