Lenders One Cooperative, a national alliance of independent mortgage bankers based in St. Louis., announced the appointment of Brian A. Simon as its new President. In this role, Simon will be responsible for the day-to-day operations and strategic execution of the cooperative.
Simon joins Lenders One with over 20 years’ mortgage experience and has an extensive background in C-level leadership at large independent mortgage banks, including COO at New Penn Financial (now known as NewRez), CEO at Caliber Funding LLC (acquired by Caliber Home Loans, Inc.) and COO at Freedom Mortgage. He was most recently the President of Thrivest Legal Funding, LLC, a full-service litigation funding company.
“Brian brings deep industry experience to Lenders One as a seasoned mortgage banker and entrepreneur,” said William B. Shepro, CEO at Altisource and member of the Board of Directors at Lenders One. “His vision and leadership in managing large mortgage organizations through economic cycles will help Lenders One leverage the power of its 230+ lender members and solution providers to compete and win.”
“I am extremely excited to join Lenders One at this very important time for our industry,” Simon said. “With margins continuing to compress, now more than ever, Lenders One needs to help its members compete against larger and often better capitalized companies. I look forward to working with the Lenders One team and partnering with the Lenders One members and preferred providers to continue to develop and implement solutions that improve our members’ competitiveness and grow their earnings.”
Lenders One was established in 2000 as a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services. Lenders One is managed by a subsidiary of Altisource Portfolio Solutions S.A.
Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is an integrated service provider and marketplace for the real estate and mortgage industries and helps solve the demands of the ever-changing markets it serves.