Altisource Portfolio Solutions SAa provider of real estate and mortgage solutions, has named Rick Seehausen president of its company Lenders One cooperative.
Founded in 2000, Lenders One is a national alliance of independent mortgage brokers, banks and credit unions. Its members will collectively originate about $350 billion in mortgages by 2024, making it among the largest private mortgage entities in the U.S., according to company data. The cooperative is managed by a subsidiary of Altisource.
In this role, Seehausen will oversee the strategic direction and day-to-day operations of Altisource’s origination segment, including the delivery of its direct origination solutions through the Lenders One brand. He will also work with executive leadership to support the company’s long-term growth strategy.
Seehausen’s responsibilities include expanding Lenders One’s membership, increasing adoption of its technology and services, and introducing new offerings designed to meet the changing needs of lenders, the company explained.
“Rick is a highly respected leader with a deep understanding of the mortgage industry,” said William B. Shepro, CEO of Altisource. “His experience makes him an excellent fit for Altisource, and I look forward to working closely with him as we shape the strategic direction of the company and continue to scale our solutions into the origination and servicing markets.”
Seehausen brings more than 30 years of experience in mortgage banking, capital markets and business leadership. He most recently served as president, chief operating officer and vice chairman of Cherry Creek Mortgage. Previously, he was co-founder, president, CEO and vice chairman of LenderLive.
“I am honored to join Altisource at such an important time for both the industry and the company,” said Seehausen. “Altisource and Lenders One have a strong foundation and a clear mission. I look forward to working closely with the Lenders One team and its members, and to working with Altisource’s leadership to expand the reach and impact of the company’s solutions in the mortgage industry.”
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