Lenders One Mortgage Cooperative, the St. Louis-based national alliance of independent mortgage bankers, correspondent lenders, and suppliers of mortgage products and services, has added two preferred investors and expanded its product set from a current investor, giving its members access to a wide array of secondary mortgage market products.
According to the agreement, Lenders One members now have access to products from Verus Mortgage Capital, ACH Trust and the warehouse division of current investor Flagstar Bank. The company says these options include conventional and government products, warehouse lending and non-qualified mortgage loans.
‘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,’ says Daniel Goldman, interim CEO for Lenders One. ‘These companies have added to our growing lineup of diverse products and services backed by providers with deep expertise and resources.’