SOURCE: Altisource Portfolio Solutions, S.A.

Altisource Portfolio Solutions, S.A.

March 07, 2016 10:02 ET

Lenders One Celebrates Members, Vendors and Investors at Its Winter Conference

New Vendor Oversight Technology Allows Members to Streamline Vendor Management

ST. LOUIS, MO--(Marketwired - March 07, 2016) -  The Lenders One® Cooperative, a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services, today announced that dividends paid to Lenders One members increased 23 percent during 2015. Cumulative dividends paid to Lenders One members are over $100 million. Additionally, the members of Lenders One originated $247 billion of mortgage volume over the course of the year.

In addition to supporting member profitability, Lenders One is expanding its value proposition to deliver new technologies designed to help members improve their regulatory compliance and increase their efficiency. The first product, called Vendorly™, is a vendor oversight platform and will launch exclusively for members at the bi-annual conference this week in New Orleans. 

Lenders One also begins 2016 welcoming two new preferred secondary providers and one preferred national program provider following a strong 2015 in which it added nine preferred secondary providers and 13 preferred national program providers to the platform.

"Over the past year, we have been successful in executing our core mission of supporting member profitability, networking and education," said Daniel T. Goldman, Interim Chief Executive Officer, Lenders One. "We are excited to expand our core offerings to implement new initiatives that will deliver the most value to members. We want to thank our partners, providers and members for their continued support."

The two new preferred secondary providers now available on the Lenders One platform are:

  • Freddie Mac -- The new alliance provides access to mortgage products, and professional training and development opportunities to those Lenders One members who are Freddie Mac Seller/Servicers.
  • Plaza Home Mortgage, Inc. -- Members are now invited to apply to Plaza for approved correspondent status. Upon approval, members will be offered Plaza's full suite of products. Additionally, Plaza will provide repurchase protection to members by utilizing the CastleLine® Certified Loan™ program at no additional cost to members.

The new preferred national program provider is:

  • Maestros of Marketing -- Members will now have access to organic Google ads that offer a way to boost a brand's competitive advantage and raise its presence on earlier search results from Google.

About Lenders ® One Mortgage Cooperative

Lenders One (www.LendersOne.com) was established in 2000 as a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services. Members of the platform originated $247 billion in mortgages in 2015; collectively ranking as one of the largest retail mortgage origination entities 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 a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. Altisource's proprietary business processes, vendor and electronic payment management software and behavioral science-based analytics improve outcomes for marketplace participants. Additional information is available at altisource.com.

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