Lenders One selects Clayton Staffing as preferred vendor partner

Lenders One selects Clayton Staffing as preferred vendor partner

September 29, 2009

Clayton Staffing Solutions Group, a subsidiary of Clayton Holdings Inc. and a provider of remote and on-site staffing to the mortgage and securities industries, has announced that it has been selected as the preferred staffing provider by Lenders One Mortgage Cooperative, a national alliance of more than 145 mortgage bankers. Through this agreement, Clayton Staffing Solutions will provide contract Federal Housing Administration (FHA) and conforming underwriting support to Lenders One’s membership to fulfill either temporary or full-time capacity issues. The company will also be able to provide professional support for closing, processing, quality control, default management and servicing functions. These staffers can be located onsite at Lenders One members’ offices, or remotely based at Clayton’s National Operation Center, a 55,000-square foot facility in Tampa, Fla.
“In selecting a preferred outsourcing staff provider, we were looking for a partner that could immediately, as well as effectively, help our members cope with the changing demands of the marketplace,” said Luke Pille, Lenders One director of national programs. “Clayton maintains a database of more than 10,000 vetted underwriters and processors, including a significant number of FHA underwriters. Its resources, expertise and the technology will help our members capitalize on the current market opportunities, and longer term will give them the option of converting their fixed labor costs to variable ones.”
“Clayton’s mission is to help clients solve business challenges, so we were extremely pleased to be selected by Lender One to help their members deal with capacity issues” said Paul T. Bossidy, chief executive officer of Clayton Holdings Inc. “Over the past 18 months there have been huge fluctuations in demand for mortgage financing, making it extremely difficult for mortgage bankers to profitably staff for varying levels of volume. By providing flexible onsite and remote solutions, we are able to help Lender One members keep up with spikes in demand, without adding to permanent staff and increasing their infrastructure expenses.”
For more information, visit www.lendersone.com or www.clayton.com.

Compliance, Servicing