The Mortgage Collaborative Adds Seven New Members – NMP Skip to main content

The Mortgage Collaborative Adds Seven New Members

National Mortgage Professional
Oct 13, 2015
The Mortgage Collaborative Logo

The Mortgage Collaborative has announced the formal approval of seven new lenders to their national network of originating members, announced the Collaborative’s EVP of National Sales & Strategic Alliances Rich Swerbinsky.

“The addition of this group of growing independent mortgage bankers and best-in-class community banks strengthens the collective origination volume and diversifies the expertise of our member network, positioning us to better help small to mid-sized lenders compete,” said Swerbinsky. “By continuing to provide a comprehensive value proposition for our members for a very low cost of entry, The Mortgage Collaborative is properly positioned to continue to responsibly add outstanding companies to our cooperative network.”

The new member companies are as follows:

►American Mortgage Service Company, Cincinnati, Ohio
First Commonwealth Bank, Indiana, Pa.
FirstBank, Franklin, Tenn.
Independent Mortgage, Newtown, Mass.
MegaStar Financial Corporation, Denver, Colo.
Norcom Mortgage, Avon, Conn.
Northpointe Bank, Grand Rapids, Mich.

The addition of these companies increases the aggregate origination volume of The Mortgage Collaborative’s lender members to more than $62 billion annually. In the past five months, The Collaborative has more than quadrupled their number of originating lender members and has added 22 new vendor partners for a total of 38 preferred partner companies that are a part of the cooperative.

The national cooperative network also announced the date and location for their Winter Lender Member Conference, which will be held from Feb. 21-23, 2016 at the Ritz Carlton, Dove Mountain in Tucson, Ariz. The conference will provide The Mortgage Collaborative’s lender members the unique opportunity to interact with top industry leaders and also to attend and participate in a number of powerful educational and networking sessions.

Oct 13, 2015
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021
Servion Taps Sagent For Consumer-First Servicing Tech Stack

A 7-year deal between Servion Mortgage and Sagent will equip Servion with Sagent's tech stack for performing, non-performing, and consumer experience.

Nov 29, 2021
Guaranteed Rate's Banosian Funds $2B In Total Loan Volume

The mortgage industry shouldn't be surprised by Guaranteed Rate's top loan officer, Shant Banosian, funding $2 billion in total loan volume during a record-breaking year. After all, “The Billion Dollar Man” is one of the top 5 loan originators in the U.S.

Nov 29, 2021
Chairman Xu Sells Off Personal Assets To Avoid Default

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant.

Industry News
Nov 23, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Nov 23, 2021
Mortgage Company Donates $100K To High School In Memory Of Fallen U.S. Navy Corpsman

Cleveland-based CrossCountry Mortgage donated $100,000 to Milan Edison High School in memory of U.S. Navy Corpsman, Maxton W. Soviak, who died while assisting in the evacuation of Americans and refugees in Afghanistan in August.

Nov 23, 2021