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Lenders One Marks 20th Anniversary Year With Growth and Innovative Member Opportunities
The cooperative adds members and introduces new benefits to strengthen its alliance experience LUXEMBOURG, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Lenders One
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[{"type":"text","content":"The cooperative adds members and introduces new benefits to strengthen its alliance experience\nLUXEMBOURG, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Lenders One Cooperative, a national alliance of independent mortgage bankers, celebrated its 20th anniversary in 2020. The cooperative reported significant growth with the addition of 26 members and the development of new programs to help its members become even more profitable. Some highlights for the year included: L1 Flood surpassed one million transactionsA 3600% increase in e-closing activity with more than 12,000 loans closed and 5,000 e-note transactions since Q2Launched the L1 Verifications program with over 50 members using it and growingOver 20 members have joined the L1 Data Program, which was introduced in January, that provides monthly peer benchmarking for participants by aggregating and anonymizing data from the cooperative’s large and diverse group of membersThe National Association of Minority Mortgage Bankers of America (NAMMBA), Rewire, Inc., Top of Mind and Absolute Logic joined the National Programs platformPollyEx, Spring EQ, TIAA Bank and First National Bank of America (FNBA) were added to the Capital Markets platform Further strengthening the cooperative, Lenders One® hosted several thought-provoking and successful live and virtual events throughout the year: The live Annual Summit took place in Miami March 1 – 4 with a standout number of attendees from across the CooperativeOne live and six virtual Advisory Council meetings discussed vital Lenders One mattersFour webinars presented pandemic-related challenges and solutions to the industryTwo virtual Executive Roundtables responding to pandemic concernsFirst all-day virtual Basecamp with educational sessions and networkingA monthly Virtual Summit Series ran August to DecemberThe Annual Meeting was held virtually in December Four new individuals were added to the Lenders One Advisory Council: Christina Brown, CMB, Chief Lending Officer of Atlantic Bay Mortgage Group; Alvin Shah, Managing Partner of First Option Mortgage; Taylor Stork, COO of Developer’s Mortgage Company; and Matthew VanFossen, Chief Executive Officer of Absolute Home Mortgage Corp. In addition, Jon Gwin, COO of American Financial, Inc., was added to the Lenders One Board of Directors. “While 2020 was unusual and challenging, that didn’t dampen the sp...