Affiliated Mortgage Co., West Monroe, La., has become a preferred investor for members of the Lenders One mortgage cooperative. Under the new relationship, Lenders One's 135-plus members will have access to special terms offered by AMC, which, in turn, will be granted special marketing and promotional opportunities to generate business with members of the St. Louis, Mo., cooperative. AMC, a wholly owned subsidiary of Benchmark Bank, Dallas, focuses on correspondent lending and purchasing agency-quality whole loans servicing released. Both companies praised the alliance. AMC "has a strong commitment to correspondent lending, and ... a strong commitment to providing the type of customer service that is necessary to make a correspondent lending channel successful," said Lenders One CEO Scott Stern. "With investor partners such as Affiliated Mortgage, we can continue to give our members access to programs, products and pricing that will allow them to remain competitive in their markets." AMC President Dan Hastings said partnering with Lenders One is "a way to work with well-recognized, experienced mortgage bankers (throughout the country). Members have a reputation in the industry that is second to none in terms of producing quality loans, which is the type of relationship that we pride ourselves in building."
