Wintrust Mortgage Signs On As Lenders One Preferred Investor

Posted by Orb Staff on July 07, 2009 No Comments
Categories : Residential Mortgage

s One Mortgage Cooperative says member company Wintrust Mortgage Corp. will become the cooperative's newest preferred investor. Wintrust Mortgage, part of the Illinois-based holding company Wintrust Financial Corp., is a national lender involved in retail, wholesale and correspondent lending that is now positioned to buy loans from other Lenders One members. ‘The surge in refinancings has left many lenders searching for more options to help them maintain large loan volumes," says Scott Stern, Lenders One CEO. "Our investor partners, such as Wintrust, are providing cooperative members with the quick funding and aggressive pricing they need to serve their communities and competitively continue business operations." Wintrust Mortgage is a federally chartered bank and full-service correspondent lender that offers FHA, VA and conventional loan products. Through this new relationship, Lenders One members will earn pricing incentives across agency, government and jumbo fixed-rate products, and be offered best-effort delivery in execution strategies, the companies say. Wintrust ensures a 72-hour turnaround on funding, accompanied by a 48-hour review. "The transition to becoming a preferred investor of Lenders One brings opportunity for us to coordinate our efforts with the cooperative's sales team to work with the best mortgage bankers there are," says Valerie Moavero, Wintrust Mortgage's vice president and correspondent lending manager. "So not only does Wintrust benefit as a member of Lenders One, we also benefit as a preferred investor." SOURCE: Lenders One Mortgage Coop

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