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Lenders One Reports Record-Breaking Statistics

""Lenders One Mortgage Cooperative"":www.lendersone.com/ has started 2012 on an optimistic note. The company recently announced that it achieved a new high for origination volume last year, giving Lenders One a record breaking end to 2011.


Lenders One, which operates as a national alliance of community mortgage bankers, correspondent lenders, and suppliers of mortgage products and services, closed 2011 with $106.7 billion in loans. The total for originations represents and 18 percent increase over the company's volume for 2010.

Additionally, Lenders One brought on 49 new members last year, marking another company best. Currently, Lenders One has more than 221 mortgage bankers on its roster of members.

Scott Stern, CEO of Lenders One, noted of the catalysts behind the company's strong performance in 2011, ""The Lenders One secondary marketing system helps our members increase their revenues while our settlement services and marketing programs help our members decrease their expenses and expand their market share.""├âÔÇÜ├é┬á

Continuing his commentary, Stern added, ""It is no surprise we surpassed 200 members and originated more than $100 billion in mortgages in the same year because of our commitment to supporting our members.""

Missouri-based Lenders One reported loan production across all 50 states last year, and the company is ranked among the largest retail mortgage originators in the U.S. Lenders One extends conventional, jumbo, and specialty loans, as well as ""Federal Housing Administration"":www.fha.gov/ and ""Veterans Affairs"":www.va.gov/ loans.

""Lenders One is attractive to a diverse group of mortgage bankers because it offers a variety of programs to our members,"" concluded Stern. ""We stay focused on providing members with new initiatives and partnerships that help them improve their bottom line.""├âÔÇÜ├é┬á

About Author: Abby Gregory


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