Lenders One Welcomes 29 New Member Companies to the Cooperative
EL PASO, Texas, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Lenders One® Cooperative (“L1” or “Lenders One”), a national alliance of independent mortgage bankers, banks and credit unions managed by a subsidiary of Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), is pleased to welcome 29 new member companies that joined during the 2023 calendar year.
- EL PASO, Texas, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Lenders One® Cooperative (“L1” or “Lenders One”), a national alliance of independent mortgage bankers, banks and credit unions managed by a subsidiary of Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), is pleased to welcome 29 new member companies that joined during the 2023 calendar year.
- The addition of these members amid the challenging mortgage origination environment is a testament to the power of the Cooperative’s mission of helping members maximize revenue, reduce the cost to manufacture loans and improve decisions through the sharing of best practices.
- Lenders One offers a suite of solutions including credit, flood, fraud, verifications and quality control that help originators lower their origination costs, while providing the same service and high level of customer support that members expect.
- These solutions allow members to improve profitability, which is even more important during a time when volume is lower and loan production costs are increasing.