Lenders One Mortgage Cooperative has introduced its first Origination Services Bundle product to its members specifically designed to facilitate more efficient retail loan production. Working with select partners and Altisource, the initial Origination Services Bundle will include appraisal, flood certification, fraud report and Internal Revenue Service 4506T services provided at a discount compared to ordering them individually.
“Lenders One strives to deliver products and services that improve our members’ performance,” said Jeff McGuiness, chief executive officer of Lenders One Mortgage Cooperative. “By leveraging Lenders One’s buying power, as well as the patented technology and scope of Altisource services, we are in a unique position to deliver meaningful product cost savings and loan processing efficiencies for our members.”
The bundled services will be delivered via a custom portal powered by REALTrans, Altisource’s patented order management platform. The portal enables seamless, single-source ordering, tracking, messaging and fulfillment, which helps simplify the complex process of originating a residential home loan.
“The bundle includes services that we were already ordering; however, through the bundle we were able to save money,” said Greg Grojean, Lenders One member and group senior vice president of Home State Bank NA. “We started using the bundle because we realized we could pass on the cost savings we received to our borrowers. This gives us a competitive edge in the marketplace as consumers are looking to work with lenders that are willing to go the extra mile for them.”
