Business
Lenders One Showcases Growth and Innovation at Annual Summit
New members and solutions join the cooperative ATLANTA, March 7, 2022 /PRNewswire/ -- Lenders One® Cooperative ("L1" or "Lenders One"), a national alliance of
About this update from Altisource Portfolio Solutions S.a.
[{"type":"text","content":"New members and solutions join the cooperative\n\n\nATLANTA, March 7, 2022 /PRNewswire/ -- Lenders One® Cooperative (\"L1\" or \"Lenders One\"), a national alliance of independent mortgage bankers, banks and credit unions, and managed by a subsidiary of Altisource Portfolio Solutions S.A., welcomes members and providers in Phoenix, AZ at its annual Summit. Keynote speaker Jim Craig, U.S. Olympic Ice Hockey Gold Medalist, will kick the event off today. Casey Crawford, Doug Duncan, Joel Kan and other key industry speakers will keep the momentum going for an event designed to educate and help members develop strategies to succeed in the coming months and years ahead. The Summit will also feature member-only networking and education sessions to showcase new opportunities and best practices for the current industry cycle. \nTo help the Lenders One members improve their profitability, manufacture loans more efficiently and close more loans, we recently launched three new solutions.\nL1 Credit. L1 Credit is a full credit reporting agency (CRA) to offer members full tri-merge credit reports and other Fair Credit Reporting Act (FCRA) related products required to manufacture a loan, including fraud reports, undisclosed debt notifications (UDN), verification of employment (VOE), verification of assets (VOA), tax return information (4506-T) and Social Security verification (SSV) reports. Lenders One Loan Automation (LOLA). LOLA is an internally developed, cloud-based technology solution designed to automate the loan manufacturing process to improve members' operational efficiency and make it easier for members to order and receive L1 Solutions through a single point of entry without human intervention. Walmart In-Store Opportunity. Lenders One is leasing space with Walmart Inc. to bring mortgage solutions to the many customers visiting their stores. Members can benefit by operating \"store-in-store\" branch locations, offering mortgage solutions including purchase, refinance, and home equity lines to customers. We now have three locations under lease with many more opportunities to come. Additionally, since the last Summit, Lenders One has added five new preferred providers and two new capital markets providers. \nNew preferred providers: Community Home Lenders Association (CHLA). A national nonprofit association of small and mid-sized comm...