SOURCE: Freddie Mac

Freddie Mac

January 06, 2016 10:00 ET

Freddie Mac, Lenders One® Announce Alliance to Help Mortgage Bankers Build Stronger Businesses in 2016

New Relationship Provides Preferential Pricing, Professional Development Benefits to Lenders One Members

MCLEAN, VA--(Marketwired - Jan 6, 2016) - Freddie Mac (OTCQB: FMCC) today announced a new relationship with the Lenders One® Mortgage Cooperative, a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services based in St. Louis, Missouri. Freddie Mac finances an estimated one-in-four residential mortgages in the United States.

The new alliance will give Lenders One members who are Freddie Mac Seller/Servicers pricing and execution benefits, enhanced access to mortgage products, and professional training and development opportunities.

"Freddie Mac is pleased to team up with Lenders One and help its members reach more eligible borrowers, achieve new efficiencies in the origination process and build strong, competitive businesses," said Chris Boyle, Senior Vice President of Single Family Sales and Relationship Management at Freddie Mac. "We look forward to working with Lenders One's leadership and members to achieve our shared commitment to help America's working families become successful long-term homeowners."

"We are committed to forming valuable alliances for our members," said Daniel Goldman, Interim Chief Executive Officer, Lenders One. "This relationship enables us to further support our members in growing originations and gives them additional opportunities to increase engagement in the increasingly dynamic housing market."

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.