Industry cooperative Lenders One, St. Louis, said Wednesday it set records for production and membership in 2009 with more than $77 billion in volume. That volume is more than twice its total production in 2008, the group said, and latest-available NMN data suggest that if counted as one entity rather than broken down by its individual members' production, Lenders One would rank fourth or fifth nationally. The cooperative added 47 new members during the year, bringing its total number of member financial institutions to 156. Members of the group include mortgage bankers, correspondent lenders, and suppliers of mortgage-related products and services.
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