April 2, 2010 (FinancialWire) — Altisource Portfolio Solutions S.A.’s (NASDAQ: ASPS) Lenders One Mortgage Cooperative unit, which serves as a national alliance of mortgage bankers, correspondent lenders and suppliers of mortgage products and services, said it has extended its contract with mortgage funder Fannie Mae (NYSE: FNM) as a preferred investor.

According to Lenders One, continuing this relationship ensures that cooperative members selling to the government-sponsored enterprise can gain access to more competitive pricing and technology as compared to working with Fannie Mae independently.

St. Louis-based Lenders One is a national alliance of mortgage bankers, correspondent lenders and suppliers of mortgage products and services. The cooperative was established in 2000 and had more than 150 members originating $77 billion in mortgage loans for 2009.

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