Freddie Mac announced Wednesday that it has forged a new relationship with the Lenders One Mortgage Cooperative, a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services, to bring new benefits to the Lenders One members.
Under the terms of the agreement, Lenders One members who are Freddie Mac seller/servicers will get “pricing and execution benefits, enhanced access to mortgage products, and professional training and development opportunities.”
According to a joint release from Freddie Mac and Lenders One, Lenders One members will get “preferential pricing” as part of the deal.
“Freddie Mac is pleased to team up with Lenders One and help its members reach more eligible borrowers, achieve new efficiencies in the origination process and build strong, competitive businesses,” said Chris Boyle, senior vice president of single-family sales and relationship management at Freddie Mac.
“We look forward to working with Lenders One’s leadership and members to achieve our shared commitment to help America's working families become successful long-term homeowners,” Boyle added.
Daniel Goldman, interim chief executive officer at Lenders One, said the partnership with Freddie Mac will allow Lenders One members to increase their mortgage originations.
“We are committed to forming valuable alliances for our members,” Goldman said. “This relationship enables us to further support our members in growing originations and gives them additional opportunities to increase engagement in the increasingly dynamic housing market.”