"Increasing investor and Agency scrutiny make it clear that repurchase demands will continue to play a major role in the origination marketplace," commented
The CastleLine Certified Loan program is unlike any other protection available in today's market. In addition to promoting better quality mortgages, the standardized due diligence process designed by CastleLine and offered by AFO will allow mortgage originators to qualify for indemnity protection from repurchase demands arising out of errors, omissions and fraud of others in the underwriting process.
Coverage is available with both 3-year and 5-year reporting periods from the
"We are excited to partner with industry leading organizations like Altisource and Lenders One to introduce the Certified Loan to the marketplace," said
Forward-Looking Statements - This press release contains forward-looking statements that involve a number of risks and uncertainties. Those forward-looking statements include all statements that are not historical fact, including statements about management's beliefs and expectations. Forward-looking statements are based on management's beliefs as well as assumptions made by and information currently available to management. Because such statements are based on expectations as to future economic performance and are not statements of historical fact, actual results may differ materially from those projected. The Company undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to: Altisource's ability to retain existing customers and attract new customers; general economic and market conditions; governmental regulations, taxes and policies; availability of adequate and timely sources of liquidity; and other risks and uncertainties detailed in the "Forward-Looking Statements," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the
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