Business
Lenders One Brings Together Its Members and Providers To Help Members Increase Profitability and Navigate Current Market, Announces Interest in Equity in Three Technology Companies to Serve Membership
LAS VEGAS, March 06, 2023 (GLOBE NEWSWIRE) -- Lenders One® Cooperative (“L1” or “Lenders One”), a national alliance of independent mortgage bankers, banks and
About this update from Altisource Portfolio Solutions S.a.
[{"type":"text","content":"LAS VEGAS, March 06, 2023 (GLOBE NEWSWIRE) -- Lenders One® Cooperative (“L1” or “Lenders One”), a national alliance of independent mortgage bankers, banks and credit unions, today welcomes members and providers in Las Vegas, NV at the L1 Summit, its annual conference. The Cooperative members will celebrate the strength of the cooperative and participate in education sessions, keynotes and networking events designed to help members reduce costs, increase profitability and navigate the mortgage markets. L1 Summit features many of the top industry experts and member-only networking and education sessions, to showcase best practices for the current industry cycle. Lenders One, which is managed by a subsidiary of Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, also announces today that the Company has shares and/or warrants in three mortgage technology companies that support and serve the Lenders One membership. The three technology companies are Mortgage Automation Technologies, Inc. (the “Big Point of Sale”), PollyEx, Inc. (“Polly”) and Secure Settlements Inc., (“Secure Insight”). Mortgage Automation Technologies’ The Big Point of Sale is an efficient and cost-effective POS system designed by industry professionals that offers a configurable solution with a mixture of consumer and origination portals in multiple formats including a web landing page, mobile application, and a line of kiosks. The Big Point of Sale offers simplified consumer workflows that allow for consumers and loan originators to collaborate with the back-office team to keep everyone informed throughout the loan process.Polly, a leading provider of innovative mortgage capital markets technology, is transforming the industry with its modern, data-driven capital markets ecosystem. Banks, credit unions and mortgage lenders nationwide trust Polly’s revolutionary Product and Pricing Engine (PPE), Loan Trading Exchange and actionable data and analytics to automate and optimize the entire capital markets value chain, enabling their secondary teams to scale mortgage operations far more effectively and profitably.Secure Insight is a robust, cost-efficient and airtight defense against closing and wire fraud giving lenders the protection and the critical informa...