Lenders One announces contract renewal with Fannie MaeMortgagePress.comLenders One Mortgage Cooperative, Fannie Mae, GSE
Lenders One Mortgage Cooperative, a national alliance of
mortgage bankers, has announced the extension of its contract with
Fannie Mae as a preferred investor. Extending this relationship
ensures that cooperative members who sell to the
government-sponsored enterprise (GSE) will gain access to more
competitive pricing and technology as compared to working with
Fannie Mae independently.
"We cultivate our preferred investor relationships so that
everyone benefits," said Scott Stern, Lenders One CEO. "Based on
our recent contract renewal, our members will enjoy superior
secondary market execution while Fannie Mae can buy high quality
loans from high quality lenders from across the country. As our
delivery to Fannie Mae is currently at an all-time high, this
contract extension comes at a fortuitous time for both
parties."
This relationship provides several key advantages to Lenders One
members, such as quick funding, which is crucial at this time.
Fannie Mae also benefits from the alliance with Lenders One,
specifically in being able to expand its market share with the
cooperatives members and minimize the costs associated with
originating that production. According to Stern, the relationship
is a true win-win for Fannie Mae and Lenders One.
Leveraging the combined strength of its members, Lenders One is
able to form these strategic alliances and negotiate preferred
pricing, priority service and additional program benefits from
mortgage investor partners. Fannie Mae has been working with
Lenders One for seven years and is the only GSE in its network of
preferred investors.
"Aligning with Fannie Mae provides revenue-enhancing,
cost-saving and market-share expanding opportunities and that
translate into true growth strategies for our members," Stern
added.
For more information, visit www.lendersone.com or www.fanniemae.com.
