Lenders One Opens Branded Mortgage Branch at Select Walmart Stores in Boonton, NJ | National

Walmart’s Mortgage Branches, powered by Lenders One members, provide potential buyers and homeowners with access to mortgage origination solutions within the community where they shop, live and work

EL PASO, Texas, Oct. 20, 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 officially opened its second in-store mortgage lender branch at a select Walmart store in Boonton, NJ. This initial launch is part of Lenders One’s nationwide initiative to provide potential buyers with access to mortgage origination solutions where they shop within their community.

Walmart’s second in-store branch, Lenders One, opened today in Boonton, NJ and is powered by MLB Residential Lending, LLC. MLB Residential Lending is passionate about helping others achieve the American dream of home ownership, by making the process as easy as possible. As a community-focused lender, MLB Residential Lending frequently and consistently contributes to the well-being of our communities, donating to charitable organizations and engaging in the growth and development of a fair market for home buyers.

“Walmart has long been a trusted name for consumers, so seeing the in-store branch opportunity with Walmart come to fruition with MLB Residential Lending is an exciting initiative to connect lenders and borrowers at our second location in Boonton, NJ. “said Justin Demola. , CMB, Chairman, Lenders One. “The physical in-store presence at Walmart allows Lenders One members to connect with the local community and help them learn about the mortgage process, prepare for mortgage, and achieve the American dream of home ownership. to the property.”

The goal is for Lenders One members to offer a suite of mortgage solutions, including purchase, refinance and home equity lines, to Walmart customers, with an emphasis on consumer education, underserved markets and affordable home ownership.

The Walmart branch in-store opportunity helps Lenders One members diversify their business model with foot traffic in geographies they don’t normally have a presence in. 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 lending entity in the United States. Lenders One is managed by a subsidiary of Altisource Portfolio Solutions SA. www.lendersone.com to know 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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