Lenders One Picks Preferred Correspondent Investor
St. Louis-based Lenders One Mortgage Cooperative named West Monroe, La.-based correspondent loan purchaser Affiliated Mortgage Company (AMC) as a preferred investor. The deal will afford Lenders One members special terms from AMC, who will in turn will market and promote its services to the members. “[Affiliated Mortgage] has a strong commitment to correspondent lending, and they also have a strong commitment to providing the type of customer service that is necessary to make a correspondent lending channel successful,” Scott Stern, Lenders One CEO, said in a statement. Affiliated Mortgage is a subsidiary of the Dallas-based Benchmark Bank. Write to Austin Kilgore.