The Mortgage Collaborative, an independent mortgage lending cooperative, has added 16 new lenders to its national network.
Among the new member companies are 1st Security Bank of Washington (Mountlake Terrace, Wash.), Banc Home Loans (Irvine, Calif.), BECU (Tukwila, Wash.), CNB Mortgage (Pittsford, N.Y.), Cornerstone Home Lending (Houston, Texas), FM Home Loans (Brooklyn, N.Y.), GVC Mortgage (Pendleton, Ind.), Jersey Mortgage (Cranford, N.J.), LeaderOne Financial Corp. (Kansas City, Mo.), Mann Mortgage (Kalispell, Mont.), OVM Financial (Chesapeake, Va.), Signature Mortgage (Canton, Ohio), Stockton Mortgage Co. (Frankfort, Ky.), Success Mortgage Partners (Plymouth, Mich.), USA Mortgage (St. Louis, Mo.), and Waterstone Mortgage Corp. (Pewaukee, Wisc.).
‘We're very excited about this most recent wave of additions to our lender member network, because they collectively represent a cross-section of small to mid-size lenders across America,’ says Rich Swerbinsky, executive vice president of national sales and strategic alliances for the Mortgage Collaborative, in a release. ‘We've added best-in-class independent mortgage bankers, community banks and credit unions – all of whom face challenges to their business model in their attempts to compete with larger lenders. The expertise and collective origination volume these additions bring to our network will help all our lender members operate more strategically and efficiently in 2016 and beyond.’
The addition of these companies increases the aggregate origination volume of The Mortgage Collaborative's lender members to more than $80 billion annually.Â In the past five months, the Collaborative has added 31 new originating lender members and 26 new preferred partner companies, capping off a year of rapid growth for the cooperative network.