loan volume

ST. LOUIS–(EMWNews)–In contrast to the state of today’s mortgage

industry, Lenders One Mortgage

Cooperative, a national alliance of mortgage bankers, reported

record growth in total loan production and new membership during the

first quarter 2008.

Lenders One started the year strong by originating more than $7.6

billion in the first quarter of 2008. This is a 22 percent increase in

total loan volume from approximately $6 billion originated the previous

quarter. With members in all 50 states, Lenders One reported record

volume in every region of the country.

“This growth is due to the fact that Lenders

One represents only the best mortgage bankers in markets across America,”

said Scott Stern, CEO of Lenders One. “During

a time of unprecedented mortgage challenges, consumers sought out and

eventually closed loans with honest, trustworthy and local mortgage

bankers: members of Lenders One.”

In addition to increased loan volume, Lenders One has also experienced

tremendous growth in membership. The cooperative has added 25 member

companies to its roster already this year and now has 125 mortgage

banking members. Lenders One plans to continue to grow its membership

and expects to represent between 130 and 140 members by year’s

end. At this pace, Lenders One will set a record for annual membership

growth in 2008.

“Lenders One continues to attract mortgage

bankers with its proven revenue-enhancing and cost-saving opportunities

in mortgage fulfillment and business related products and services,”

Stern said. “Through advocacy support,

preferred investor relationships and an array of educational

opportunities, our collective membership is protecting the role of

mortgage bankers despite the strain on the industry.”

About Lenders One Mortgage Cooperative

Lenders One is a national alliance of mortgage bankers which was

established in 2000 and is based in St. Louis. With more than 100

members originating $40 billion in mortgage loans annually, the Lenders

One alliance ranks as the ninth largest mortgage originator in the U.S.

Lenders One leverages its aggregate buying power and preferred-investor

relationships to negotiate better lending terms, provide premium

business services at reduced costs and offer ongoing seminar training

through Lenders One University.

For more information about membership, contact Tim Stern 866.728.5678 or

visit www.lendersone.com.

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