Lenders One opens branded mortgage branch

EL PASO, Texas, Nov. 01, 2022 (GLOBE NEWSWIRE) — Lenders One® Cooperative, a national alliance of independent mortgage bankers, banks and credit unions, and operated by a subsidiary of Altisource Portfolio Solutions SA, announces the official opening of its third in-store mortgage lender branch at a select Walmart store in Orlando, Florida. The official opening of this location is part of Lenders One’s nationwide initiative to provide potential buyers with access to mortgage origination solutions where they buy within their community.

Walmart’s third in-store branch, Lenders One, opened today in Orlando, Florida and is powered by Family First Funding, LLC. Founded in 2011 and based in Toms River, New Jersey, Family First Funding is a retail mortgage lender licensed to do business in 35 U.S. states and the District of Columbia. Family First Funding provides high quality mortgage banking services to residential and commercial clients, with the goal of providing clients with fair and reasonable rates and costs, while keeping their clients informed and educated throughout the process.

“Walmart has long been a trusted name for consumers, so seeing the opportunity for the Walmart branch in West Orange County come to fruition with Family First Funding is an exciting initiative to connect mortgage lenders and borrowers in the West Orange County area. ‘Orlando,” Justin Demola said. , CMB, Chairman, Lenders One. “The physical in-store presence at Walmart allows Lenders One members to connect, face-to-face, with the local community and help them learn about the mortgage process, prepare for the mortgage and realize the American dream of home ownership.”

The goal of this initiative is for Lenders One members to offer a range of mortgage solutions, including purchase, refinance and home equity lines, to Walmart customers, with a focus on l consumer education, underserved markets and affordable homeownership. In October 2022, two more Walmart-based in-store Lenders One branches opened with Family First Funding in Newton, NJ and MLB Residential Lending, LLC in Boonton, NJ.

The Walmart branch in-store opportunity helps Lenders One members diversify their business model with foot traffic in geographies where they don’t normally have a presence. Walmart customers can enjoy the convenience of being able to request or inquire about borrowing options in person with a personal touch, in the same place where they do their usual shopping and receive other in-store services.

About One Cooperative Lenders

Founded in 2000, Lenders One Cooperative is a national alliance of more than 250 mortgage bankers and a network of innovative proprietary solutions, technologies and more than 90 solution providers and capital markets providers, committed to propelling profitability, effectiveness and relationships for its members. Lenders One is dedicated to helping independent mortgage bankers, banks, and credit unions compete in the marketplace, improve profitability, and reduce loan manufacturing costs. Lenders One platform participants issued more than $700 billion in mortgages in 2021, collectively ranking as the largest retail mortgage entity in the United States. Lenders One is managed by a subsidiary of Altisource Portfolio Solutions SA. Visit www.lendersone.com to learn more.

About Altisource®

Altisource Portfolio Solutions SA (NASDAQ: ASPS) is an integrated service provider and marketplace for the real estate and mortgage industries. By combining operational excellence with a suite of innovative services and technologies, Altisource helps meet the demands of the ever-changing markets we serve. Additional information is available at altisource.com.

Source: Altisource Portfolio Solutions SA

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