Altisource Portfolio Solutions
Mar 5, 2018

Lenders One Celebrates the Largest Number of New Members in its 18-Year History

The cooperative continues to help members grow their businesses by providing access to an expanded array of new products, offerings and resources

SCOTTSDALE, AZ -- (Marketwired) -- 03/05/18 -- The Lenders One® Cooperative, a national alliance of independent mortgage bankers, today announced several milestones. The cooperative had its strongest year of new membership growth in the history of Lenders One, adding 31 new members during 2017. The members also received over $2.8 million of dividends over the course of the year and an additional $600,000 in returns on their dues under the Engagement Returns program. The Engagement Returns program, launched at last year's Winter Conference, has been enormously popular and provides members the ability to substantially reduce their dues based on participation in the cooperative. For the upcoming year, Engagement Returns is expanding to add several additional opportunities for members to further reduce their dues through active engagement in the cooperative.

Lenders One is also excited to announce the launch of new proprietary products and offerings as well as new provider relationships all designed to help members successfully achieve top-line growth and increase profitability:

"We are thrilled with the record-breaking new membership growth of Lenders One in 2017," said Bryan Binder, Chief Executive Officer of Lenders One. "As we continue to increase in size and market presence, Lenders One remains devoted to delivering exceptional value and service to our members, preferred vendors and investors."

"Our focus in 2018 is on giving our members an edge in a rapidly changing industry," added Michael Kuentz, President of Lenders One. "Our investment in proprietary products like Trelix eClosing and noteXchange®, our continued strength in secondary market solutions and our lender-focused initiatives will help our members solve the toughest challenges facing lenders today."

About Lenders One® Cooperative
Lenders One ( was established in 2000 as a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services. Participants on the Lenders One platform originated approximately $270 billion of mortgages during 2017, collectively ranking as one of the largest retail mortgage 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 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

Investor Contact:
Indroneel Chatterjee
Chief Financial Officer

Press Contact:
Britt E. Gottlieb
Senior Manager, Communications

Source: Altisource Portfolio Solutions, S.A.

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