CMG Financial Joins Lenders One as a Preferred Investor
Correspondent Lending Division Joining an Elite Group of Investors
SAN RAMON, Calif.– September 2, 2014 - CMG Financial is proud to announce its Correspondent Lending Division is one of the newest Preferred Investors at Lenders One, a national cooperative of independent mortgage lenders. Collectively, the members of Lenders One represented nearly 14% of the 2013 US originations marketplace.
“I am delighted to bring our product and partnership model to Lenders One. Becoming a preferred investor with such a prestigious organization is an honor,” said Terri Davis, CMG Senior Vice President, Correspondent Lending Division. “Our focus on exceptional service and our breadth of products will serve the Lenders One members well. Our involvement with the cooperative aligns very well with our strategy to deliver unique solutions and building lasting partnerships.”
The Correspondent Lending Division at CMG offers liquidity options, an extensive array of products and extraordinary service. Prior to joining the Lenders One platform, CMG included several Lenders One members among its approved sellers, including Peoples Bank. “CMG has become a trusted partner for Peoples Bank. Their highly efficient bid tape process allows us to fully realize best execution potential. They have fast response times and demonstrate a willingness to entertain sensible exceptions,” praises John McGuire, Director of Capital Markets at Peoples Bank and member of Lenders One.
About CMG Financial
CMG Financial is a privately held mortgage-banking firm founded in 1993. The company makes its products and services available to the market through three distinct origination channels including Wholesale Lending, Correspondent Lending and Consumer Services; serving homeowners through retail branches, home builders and affinity partners. CMG Financial currently operates in all 50 states and the District of Columbia, and holds federal agency lending approvals with HUD, VA, RHS, GNMA, FNMA and FHLMC. Throughout the mortgage banking and housing markets, CMG Financial is widely known for responsible lending practices, industry and consumer advocacy, product innovation, and operational efficiency. For more information, visit www.cmgfi.com
About Lenders One® Mortgage Cooperative
Lenders One (www.LendersOne.com
) was established in 2000 as a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services. Members of the St. Louis-based platform originated more than $224 billion in mortgages in 2013; collectively ranking as one of the largest retail mortgage origination entities in the U.S. The Lenders One cooperative, nearly 275 lender members strong, is managed by a subsidiary of Altisource Portfolio Solutions S.A.