Lenders One Adds Mortgage Solutions Financial as a Preferred Investor
July 29, 2015
Mortgage Solutions Financial will also Offer the Benefits of CastleLine’s Certified Loan Program to Members at no Additional Cost
ST. LOUIS -- July 29, 2015 – The Lenders One® Mortgage Cooperative, a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services, today announced a new relationship with Mortgage Solutions Financial as a Preferred Investor. Through Mortgage Solutions Financial, Lenders One members will receive single source access for Fannie, Freddie, FHA, VA and USDA loans and have delegated and non-delegated loan options. Mortgage Solutions Financial is also one of a select handful of lenders who are direct to Farmer Mac.
Additionally, in partnership with CastleLine Holdings LLC, Mortgage Solutions Financial will offer Lenders One members access to CastleLine’s Certified Loan Program at no cost to members. The Certified Loan Program is designed to protect originators against repurchase risks and losses arising out of errors, omissions and fraud in the mortgage underwriting process. The program offers comprehensive coverage for defects and fraud related to income, employment, assets, occupancy, appraisals, compliance and other manufacturing errors.
“Mortgage Solutions has been a member of Lenders One since 2012, and we are excited to now introduce them to our platform as a preferred investor. We are thrilled that they are offering the Certified Loan coverage to our members at no charge as our members attempt to navigate today’s highly regulated environment,” said Daniel Goldman, Interim Chief Executive Officer, Lenders One.
“This expanded relationship provides mutually beneficial opportunities for our Company and for the members of Lenders One,” said Alan A. Kalell, President and CEO of Mortgage Solutions Financial. “We have built a solid reputation for helping customers get the loan that is right for them. This partnership increases access to today’s popular mortgage loan options and helps break through the barrier of entry to these loans.”
About Lenders One® Mortgage Cooperative
Lenders One (www.LendersOne.com) was established in 2000 as a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services. Members of the St. Louis-based platform originated $200 billion in mortgages in 2014; collectively ranking as one of the largest retail mortgage origination entities in the U.S. Lenders One, more than 280 lender members strong, is managed by a subsidiary of Altisource Portfolio Solutions, S.A.
Altisource Portfolio Solutions S.A. is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer-debt industries. Altisource’s proprietary business processes, vendor and electronic payment management software and behavioral science-based analytics improve outcomes for marketplace participants. Altisource has been named to Fortune’s fastest growing global companies two years in a row. Additional information is available at altisource.com.
About Mortgage Solutions Financial
Mortgage Solutions of Colorado, LLC, dba Ag-America and Mortgage Solutions Financial, was established in 1997. It is a full service direct and wholesale mortgage lender with headquarters in Colorado Springs, Colorado. Mortgage Solutions Financial offers a comprehensive range of services that helps families across the country purchase new homes and refinance existing mortgages.
CastleLine Holdings, LLC, and its subsidiaries, provide financial products and services to parties involved in the origination, underwriting, purchase and securitization of residential mortgages. www.CastleLine.com