ST. LOUIS--(BUSINESS WIRE)--
Lenders
One Mortgage Cooperative, a national alliance of community mortgage
bankers, correspondent lenders and suppliers of mortgage products and
services, has introduced its first Origination Services Bundle product
to its members. The new Origination Services Bundle is specifically
designed to facilitate more efficient retail loan production.
Working with select partners and Altisource, the initial Origination
Services Bundle will include appraisal, flood certification, fraud
report and Internal Revenue Service 4506T services provided at a
discount compared to ordering them individually. The bundled services
will be delivered via a custom portal powered by REALTrans®,
Altisource's patented order management platform. The portal enables
seamless, single-source ordering, tracking, messaging and fulfillment,
which helps simplify the complex process of originating a residential
home loan.
"Lenders One strives to deliver products and services that improve our
members' performance," said Jeff McGuiness, CEO of Lenders One. "By
leveraging Lenders One's buying power, as well as the patented
technology and scope of Altisource services, we are in a unique position
to deliver meaningful product cost savings and loan processing
efficiencies for our members."
"The bundle includes services that we were already ordering; however,
through the bundle we were able to save money," said Greg Grojean,
Lenders One member and group senior vice president of Home State Bank,
N.A. located outside of Chicago. "We started using the bundle because we
realized we could pass on the cost savings we received to our borrowers.
This gives us a competitive edge in the marketplace as consumers are
looking to work with lenders that are willing to go the extra mile for
them."
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 more than
$106 billion in mortgages in 2011, collectively ranking as one of the
largest retail mortgage origination entities in the U.S. Lenders One,
now more than 230 lender members strong, is managed by a subsidiary of
Altisource Portfolio Solutions, S.A.
About Altisource™
Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is a global provider
of services focused on high-value, technology-enabled, knowledge-based
solutions principally related to real estate and mortgage portfolio
management, asset recovery and customer relationship management.
Additional information is available at www.altisource.com.
Investor Contact:
Altisource
Michelle Esterman, Chief
Financial Officer, +352 2469 7950
Michelle.Esterman@altisource.lu
or
Press
Contact:
Lenders One
Kristi Kovalak, Director of
Marketing, 314-817-1313
Kkovalak@LendersOne.com
Source: Altisource
News Provided by Acquire Media
