Lenders One Mortgage Cooperative has announced that its cooperative members now have access to a diverse array of secondary mortgage market products from Flagstar Bank's Warehouse Division, Verus Mortgage Capital and ACH Trust.
"The mortgage market thrives on access to differentiated products, and these new preferred investors offer our cooperative members a host of high quality lending options," said Daniel Goldman, interim chief executive officer of Lenders One. "These companies have added to our growing lineup of diverse products and services backed by providers with deep expertise and resources."
The new Lenders One preferred investors are available to support members in areas including conventional and government products, warehouse lending and non-QM loans:
►Flagstar Bank: A current Lenders One preferred investor, Flagstar Bank now offers its Warehouse Lending service's technology through a suite of digital tools for real-time reporting and paperless processing. Flagstar provides warehouse lines for a wide variety of investors.
►ACH Trust: As the correspondent lending division of the Towne Mortgage Company, ACH Trust specializes in competitively priced government and conventional loans that can be managed through a suite of online tools that enable locking-in up-to-date mandatory and bulk pricing rates. ACH Trust purchases retail FNMA, FHLMC, FHA, VA and USDA loans with minimal overlays and manages all the draws on the 203K loans they purchase.
►Verus Mortgage Capital: Provides members access to non-QM lending products designed to fill a credit void in today's mortgage market. These programs are designed to address the issues limiting a borrowers' access to credit through common sense underwriting. All of the loans underwritten and acquired by Verus are ATR compliant and focus on the borrowers' ability to repay.