Membership at the Lenders One Mortgage Cooperative reached a new milestone.
Around this time last year, Lenders One reported that it had 180 members. The count was up from around 135 members reported for a year earlier.
In a news release issued Monday from the Mortgage Bankers Association 98th Annual Convention and Expo in Chicago, Lenders One said that the 200th member has joined the organization.
The milestone was achieved just weeks before its 11-year anniversary.
Lenders One members originated $90 billion in 2010, while production in the first-half 2011 was $39 billion.
“Looking ahead, Lenders One expects to continue to grow its origination platform,” the statement said.
