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Lenders One Announces Preferred Relationship with Bank of Internet

""Bank of Internet USA"":http://www.bankofinternet.com/, a nationwide savings bank operating primarily via the Internet, is now a preferred investor of ""Lenders One Mortgage Cooperative"":http://www.lendersone.com, a St. Louis-based national alliance of community mortgage bankers, correspondent lenders, and suppliers of mortgage products and services.


According to Lenders One, the partnership offers several advantages to its members, including special pricing and access to customized portfolio jumbo and super jumbo loan products.

""The jumbo market has been hit hard by the financial credit crunch, and there are still qualified borrowers who need loans,"" said Scott Stern, Lenders One CEO. ""This relationship with Bank of Internet USA will give our members the additional financial tools to effectively serve their customers.""

Gregory Garrabrants, Bank of Internet USA's president and CEO, added, ""This partnership is crucial in rebuilding faith in the mortgage industry and its ability to meet the needs of potential homeowners at every level. Lenders One and its members have proven experience in providing the best products available to consumers, and we are proud to be a part of their network.""

Bank of Internet USA is headquartered in San Diego and is a wholly owned subsidiary of ""BofI Holding, Inc."":http://www.bofiholding.com