Donation of $25,000 Kicks Off Aggressive Expansion Plans for Spare
Key
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 it has become the National
Founding Partner of the Minneapolis-based Spare Key with a $25,000
donation to assist Spare Key in its efforts to serve families in need.
Lenders One, which is managed by Mortgage Partnership of America, a
subsidiary of Altisource Portfolio Solutions S.A. ("Altisource"), is
also establishing a platform that will enable the more than 280 members
of the Lenders One cooperative to join Lenders One and Altisource in
donating to the Spare Key cause, helping Spare Key expand nationwide.
Spare Key provides mortgage and rental grants to families with
hospitalized, critically ill or seriously injured children. Since 1997,
Spare Key has served nearly 2,700 families with almost $2.7 million in
housing grants. With donations and assistance from organizations like
Lenders One, Spare Key plans to expand to more states and serve more
families.
"Spare Key's mission resonates with us as mortgage bankers, engaged
members of our communities and for many of us as parents ourselves,"
said Jeff McGuiness, Chief Executive Officer of Lenders One. "We are
proud to stand alongside Spare Key and help provide some peace of mind
to families impacted by the hospitalization of a child."
"We believe in Spare Key's mission to help families during a time when
their focus should be on their children's health and well-being," said
William Shepro, Chief Executive Officer of Altisource. "This united
commitment with Lenders One will help this organization spread its
vision across our nation where millions of families each day are forced
to make tough choices between financial pressures and supporting their
children in need."
"To be able to expand Spare Key throughout the country, with the
assistance of Altisource, Lenders One and its members is a gift to
families desperate for our program services," said Erich Mische,
Executive Director at Spare Key. "This generosity and the exposure we
now have through the Lenders One cooperative, and the awareness that
comes with it, will enable us to expand our mission of helping families
nationwide in a way we could have only imagined in the past."
The donation was presented Feb. 28, 2015 during the Spare Key Groove
Gala 2015, a gala celebration annual dinner recognizing the
organization's work. The event, featuring more than 600 attendees was
held at the Aria in Minneapolis, MN.
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 Spare Key
Spare Key (www.sparekey.org)
is a Minnesota-based nonprofit dedicated to helping parents with a
seriously ill or critically injured child remain part of their son or
daughter's care team in the hospital. The organization was founded in
1997 and currently provides housing grant assistance to families in
Minnesota, North Dakota, South Dakota, and Wisconsin.
# # #
Altisource Portfolio Solutions S.A.
Press Contact:
Nicole
L. Messier, 617-357-6349
Director, Global Communications
nicole.messier@altisource.com
or
Investor
Contact:
Michelle D. Esterman, +352 2469 7950
Chief
Financial Officer
Michelle.Esterman@Altisource.lu
Source: Lenders One
News Provided by Acquire Media
