Members of Lenders One Mortgage Cooperative collectively originated $224 billion in loan volume for 2013, a 22 percent increase over 2012's totals and nearly 14 percent of the total U.S. origination volume. “Despite the market correction that began last summer, our members continue to see market share increases,” said Jeff McGuiness, CEO of Lenders One. “The lenders that planned for change are successfully navigating the purchase market and adapting to the new regulations, while protecting their margins. They selected partners and programs from the Lenders One platform that flexed with their business volume and product needs.”
Part of that success is attributed to the lender members’ access to multiple preferred investor relationships, including six preferred investors that joined the cooperative in 2013:
►360 Mortgage Group
►Homeward Residential Capital
►Liberty Home Equity Solutions Inc.
►New Penn Financial
►Weststar Mortgage Corporation
“Lenders One is committed to using the collective negotiating power of the cooperative to deliver the resources and benefits that help our members continue to succeed, regardless of market cycle,” said McGuiness.