Top 10 Mortgage Originator Flagstar Will Offer its Full Suite of
Products to Lenders One Members
ST. LOUIS--(BUSINESS WIRE)--
The Lenders One® Mortgage Cooperative, a national alliance of
independent mortgage bankers, correspondent lenders and suppliers of
mortgage products and services, today announced Flagstar Bank as a new
preferred investor with its full suite of products now available to
Lenders One Members. Flagstar's mortgage products are designed for a
wide range of borrowers including jumbo, renovation and rural mortgage
products.
With more than 1,300 correspondents and brokers as partners, Flagstar is
a top 10 mortgage originator, top 10 warehouse lender and a top five
Federal Housing Administration lender. As reported by mortgagestats.com,
Flagstar was the #5 Correspondent by volume in the US Market in 2013 and
2014*. Chartered in 1987 as a federal savings bank, Michigan-based
Flagstar provides home loans through a wholesale network of brokers and
correspondents in all 50 states, as well as through 16 retail centers in
11 states.
"With Flagstar Bank we are able to bring to the Lenders One Members one
of the most trusted correspondent investors in the market today," said
Jeff McGuiness, Chief Executive Officer of Lenders One. "Flagstar's
focus on superior customer experience and strong industry presence give
our Lenders One Members a quality provider on which they can depend."
"As one of the largest mortgage platforms in the country, Lenders One is
an incredible partner for Flagstar as we deliver our expertise and
resources to its members," said Brian Vieaux, Senior Vice President and
National Sales Director for Wholesale Lending at Flagstar. "The mortgage
industry requires high-quality, differentiated products to meet customer
needs, and now we're able to provide these offerings to Lenders One
Members."
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 St. Louis-based platform originated $200
billion in mortgages in 2014; collectively ranking as one of the largest
retail mortgage origination entities in the U.S. Lenders One, more than
280 lender members strong, is managed by a subsidiary of Altisource
Portfolio Solutions, S.A.
About Altisource®
Altisource Portfolio Solutions S.A. is a premier marketplace and
transaction solutions provider for the real estate, mortgage and
consumer debt industries offering both distribution and content.
Altisource leverages proprietary business process, vendor and electronic
payment management software and behavioral science based analytics to
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 www.Altisource.com.
About Flagstar Bank®
Flagstar Bancorp, Inc. (NYSE: FBC) is a $11.6 billion savings and loan
holding company headquartered in Troy, Mich. Flagstar Bank, FSB, the
largest bank headquartered in Michigan, provides commercial, small
business, and consumer banking services through 107 branches in the
state. It also provides home loans through a wholesale network of
brokers and correspondents in all 50 states, as well as through 16
retail centers in 11 states. Flagstar is the ninth largest national
originator of mortgage loans and a top 20 mortgage servicer, handling
payments and recordkeeping for over $75 billion of home loans for nearly
385,000 borrowers. For more information, please visit flagstar.com.
* 2014 Volume is as reported by Mortgagestats.com YTD through Q3 2014.
For Lenders One
Investors:
Michelle D. Esterman,
+352 2469 7950
Chief Financial Officer
Michelle.Esterman@Altisource.lu
or
Press:
Nicole
L. Messier, 617-357-6349
Director, Global Communications
nicole.messier@altisource.com
Source: Lenders One
News Provided by Acquire Media
