The Lenders One Cooperative of more than 250 mortgage bankers said it’s opening its first three in-store locations at Walmart Inc. WMT stores in New Jersey and Florida, as part of a leasing deal announced in March. The first Walmart branch in Newton, N.J., is being operated by the cooperative’s Family First Funding LLC business, which is a retail mortgage lender licensed in 35 states and the District of Columbia.
Lenders One plans to open additional branches in California, Ohio, South Carolina and Texas, the company said Friday. Shares of Walmart rose 0.3% in premarket trades. Altisource Portfolio Solutions stock is up 10.7% in 2022, compared to a 33.4% drop by the Nasdaq.
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