Flagstar Bancorp (FBC) is joining the Lenders One Mortgage Cooperative, a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services managed by a subsidiary of Altisource Portfolio Solutions (ASPS), as a preferred investor.
Under the terms of the agreement, Flagstar will now offer its full range of mortgages, including jumbo, renovation and rural mortgage products, to the more than 280 members of Lenders One.
“With Flagstar Bank we are able to bring to the Lenders One members one of the most trusted correspondent investors in the market today,” said Jeff McGuiness, chief executive officer of Lenders One. “Flagstar’s focus on superior customer experience and strong industry presence give our Lenders One members a quality provider on which they can depend.”
Brian Vieaux, Flagstar’s senior vice president and national sales director for wholesale lending, said that Lenders One will make for an “incredible” partner for Flagstar.
“As one of the largest mortgage platforms in the country, Lenders One is an incredible partner for Flagstar as we deliver our expertise and resources to its members,” Vieaux said. “The mortgage industry requires high-quality, differentiated products to meet customer needs, and now we’re able to provide these offerings to Lenders One members.”
