The Addition of Risk Management and Compliance Services Provided
by MQMR can Assist Lenders to Efficiently Meet Third-Party Vendor
Management Requirements
ST. LOUIS--(BUSINESS WIRE)--
The Lenders
One Mortgage Cooperative, a national alliance of community mortgage
bankers, correspondent lenders and suppliers of mortgage products and
services, today announced the addition of Mortgage
Quality Management & Research (MQMR) as a new preferred vendor.
MQMR will offer risk mitigation, third-party vendor compliance and
business advisory services for Lenders One members. MQMR consulting
services can help lenders be prepared to meet regulatory demands and can
mitigate the risks surrounding the use of third-party vendors through
well-designed vendor management processes.
"As mortgage bankers use more third-party vendors, MQMR's compliance
services and vendor and risk management solutions are essential," said
Jeff McGuiness, CEO of Lenders One. "The addition of MQMR adds another
critical and attractively-priced offering to help our members be
compliant with their origination work."
Many mortgage companies that reduced staff and services to continue
running efficiently in recent years are now scrambling to meet the
increasing volume of mortgage originations. These companies are turning
to third-parties like MQMR for support with services such as vendor
management and due diligence services provided by MQMR for AMC's,
appraisers, sub-servicers, brokers, and settlement agents. Highlighting
this approach, the global analyst firm HFS Research in its recent Business
Services Outsourcing in Banking and Financial Services Market Report
projected that the third-party outsourcing market will grow more than 5
percent annually through 2020.
"By partnering with Lenders One, we are able to provide services to
lender members that can improve their ability to manage risk in an
increasingly regulated marketplace," said Ben Madick, the president at
MQMR. "We look forward to working with Lenders One to help its members
use metrics to elevate performance, promote vendor accountability and
ultimately improve the borrower experience."
About Mortgage Quality Management & Research
MQMR (www.mqmresearch.com)
is dedicated to providing critical tools the mortgage lending community.
The Sherman Oaks, CA-based company works side by side with lenders and
warehouse banks to manage risk, mitigate losses and enhance the borrower
lending experience. In a highly regulated marketplace, MQMR partners
with clients to establish programs that elevate performance and promote
accountability.
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
$224 billion in mortgages in 2013; collectively ranking as one of the
largest retail mortgage origination entities in the U.S. Lenders One,
nearly 275 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.
Altisource Portfolio Solutions S.A.
Press:
Nicole
Messier, 617.357.6349
Director, Global Communications
Nicole.Messier@altisource.com
or
Investor:
Michelle
D. Esterman, +352 2469 7950
Chief Financial Officer
Michelle.Esterman@Altisource.lu
Source: Altisource Portfolio Solutions S.A.
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