Lenders One opens strategic Walmart branches

Lenders One Cooperative, a national alliance of independent mortgage bankers, has opened its first three branches at select Walmart stores in Florida and New Jersey.

According to Lenders One, the stores will offer a suite of mortgage products (including purchase, refinance and home equity lines) to Walmart customers as part of a nationwide pilot program announced in March. Lenders One has been looking at strategic locations across the country to help its members “diversify their business model with retail foot traffic in geographical areas in which they may not normally have a presence.”

The first in-store Walmart branch is in Newton, NJ and powered by retail lender Family First Funding. The other two branches, which will open within the next 30 days, are located in Orlando and Boonton, NJ. Family First Funding will run the Orlando store, while the Boonton branch will be operated by MLB Residential Lending.