SOURCE: Altisource Portfolio Solutions, S.A.

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September 14, 2015 09:00 ET

Wholesale One Adds Land Home Financial Services as a Preferred Wholesaler

ST. LOUIS, MO--(Marketwired - September 14, 2015) - The Wholesale One™ national mortgage broker cooperative today announced Land Home Financial Services, Inc. ("Land Home") as a preferred wholesaler. With this relationship, Wholesale One members will receive access to a wide variety of loan programs and services, including Land Home's 21 Day Purchase Guarantee Program and a turn-key reverse mortgage solution.

Land Home brings over two decades of experience in the wholesale business. Based in Concord, California, Land Home Financial is licensed in forty eight states and will offer Wholesale One members competitive products including:

  • A Full Desktop Underwriter / Loan Prospector and Government Product Menu;
  • A High Balance/Super Conforming product;
  • Funding Programs for Condotels, Non-Warrantable Condos, Multi-Family, Manufactured Housing and USDA;
  • Turnkey Reverse Mortgages; and
  • Its 21-Day Purchase Guarantee Program.

"Land Home Financial Services programs offer a variety of personalized services that will provide Wholesale One members access to best-in-class funding services, programs and products. We look forward to working with Wholesale One to provide diversified funding options through our extensive portfolio of lending options," said Mark Sheridan, Vice President of Land Home Financial Services, Wholesale Division.

"Land Home Financial is a strategic addition to Wholesale One, designed to provide our members with more funding options for unique and non-traditional properties," said Gregory D. Murray, Chief Executive Officer, Wholesale One. "We are particularly excited to offer the benefits of Land Home's 21 Day Purchase Guarantee Program and Turnkey Reverse Mortgages to help our members offer additional lending options to their customers."

About Land Home Financial

Land Home Financial Services, Inc. Wholesale (Land Home Wholesale) is a division of Land Home Financial Services, Inc., a private mortgage banker headquartered in Concord, CA. Land Home Wholesale is licensed in 49 states and the District of Columbia with three full-service operations centers located in Concord CA, San Diego CA, and Denver CO. Since 1988, Land Home Wholesale has committed to enhancing and protecting brokers' realtor and borrower relationships through a business philosophy based on knowledge, commitment and trust. Land Home Wholesale specializes in purchase funds offering a 21-day close guarantee, turnkey Reverse Mortgages and eXPRESS, a 24/7 online portal for pipeline management. Our servicing portfolio reached $5 Billion in early 2015, our origination volume growth tipped over $1 Billion in 2014 leading to consecutive top 15 rankings in the Wholesale category by the Scotsman Guide. For more information visit, wholesale.lhfs.com, call 800-672-9470, or follow @LHFS_Wholesale.

About Wholesale One™ Mortgage Cooperative

Wholesale One (wholesaleone.com) is a national mortgage cooperative dedicated to creating a more stable and efficient wholesale lending environment for residential mortgage brokers and wholesale lenders. Established in 2014, Wholesale One helps mortgage brokers and wholesale lenders improve their profitability and deliver an outstanding experience for borrowers. The cooperative is managed by a subsidiary of Altisource Portfolio Solutions S.A. (NASDAQ: ASPS).

About Altisource®

Altisource Portfolio Solutions S.A. 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. Altisource has been named to Fortune's fastest growing global companies two years in a row. Additional information is available at altisource.com.

Source: Altisource Portfolio Solutions, S.A.

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