Skip to main content

The Mortgage Collaborative Adds Seven New Members

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.

About the author
Published
Oct 13, 2015
Co-Founder Mat Grella Terminated From NEXA After Buyout Disagreement

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024