Lenders One Opens Branded Mortgage Branch Locations at Select Walmart Stores in Florida and New Jersey
08 October 2022 - 2:21AM
Lenders One® Cooperative, a national alliance of independent
mortgage bankers, banks and credit unions, and managed by a
subsidiary of Altisource Portfolio Solutions S.A., announces the
grand opening of its first three mortgage lender in-store branch
locations at select Walmart stores in Florida and New Jersey. This
initial launch is part of Lenders One’s nationwide initiative to
offer prospective homebuyers access to mortgage origination
solutions where they shop within their community.
The first Walmart-based in-store branch Lenders One location
opened today in Newton, NJ 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 offers high quality mortgage banking services to
residential and business customers, with an aim to provide clients
with fair and reasonable rates and costs, while keeping their
clients informed and educated throughout the process.
Two additional Walmart-based in-store branch Lenders One
locations will open within the next 30 days: an Orlando, FL
location powered by Family First Funding and a Boonton, NJ location
powered by MLB Residential Lending, LLC. MLB Residential Lending is
based in Springfield, NJ and serves the lending needs of
homebuyers, homeowners, real estate professionals and builders. Its
staff is passionate about assisting others in fulfilling the
American Dream of homeownership, making the process as simple as
possible.The objective is for Lenders One members to offer a suite
of mortgage solutions, including purchase, refinance and home
equity lines, to Walmart customers with a strong focus on consumer
education, underserved markets and affordable homeownership.
The Walmart branch in-store opportunity helps Lenders One
members diversify their business model with retail foot traffic in
geographical areas in which they may not normally have a presence.
Walmart customers can enjoy the convenience of being able to apply
for or inquire about borrowing options face-to-face with a personal
touch, in the same place they do their regular shopping and receive
other in-store services.
“Walmart has long been a trusted name for consumers, so seeing
the branch in-store opportunity with Walmart come to fruition with
Family First Funding and MLB Residential Lending is an exciting
opportunity to connect lenders and borrowers at our first three
locations in Florida and New Jersey,” said Justin Demola, CMB,
President, Lenders One. “The physical in-store presence at Walmart
helps Lenders One members connect with and educate the local
community about opportunities to achieve the American Dream of
homeownership. If the consumer does not qualify for a mortgage at
first, our members can provide them with homebuyer education and
resources to help them become mortgage ready in the future.”
The in-store branch grand openings at Walmart are a part of a
nationwide pilot program announced in March 2022. Lenders One has
been looking at strategic locations across the country to establish
Lenders One member “store in store” branch locations to support the
growth of members’ origination business. In addition to Florida and
New Jersey, Lenders One plans to open other branch locations in
Walmart stores in California, Ohio, South Carolina and Texas.
About Lenders One Cooperative
Established in 2000, Lenders One Cooperative is a national
alliance of 250+ mortgage bankers and a network of innovative
proprietary solutions, technology, and 90+ solutions providers and
capital markets providers, committed to propelling profitability,
efficiency and connections for its members. Lenders One is
dedicated to helping independent mortgage bankers, banks and credit
unions compete in the market, improve their profitability and
reduce loan manufacturing costs. Participants on the Lenders One
platform originated greater than $700 billion of mortgages during
2021, collectively ranking as the largest retail mortgage entity in
the U.S. Lenders One is managed by a subsidiary of Altisource
Portfolio Solutions S.A. Visit www.lendersone.com for learn
more.
About Altisource®
Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is an
integrated service provider and marketplace for the real estate and
mortgage industries. Combining operational excellence with a suite
of innovative services and technologies, Altisource helps solve the
demands of the ever-changing markets we serve. Additional
information is available at altisource.com.
Source: Altisource Portfolio Solutions S.A.
Investor Contact:Michelle D. EstermanChief
Financial Officer770-612-7007Michelle.Esterman@altisource.com |
Press Contact:Justin Demola, CMBPresident, Lenders
One770-956-5809Justin.Demola@lendersone.com |
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