Dateline: Denver, Colorado (DENVER, Colo.) | Mon, 17 May 2010
freeNewsArticles Story Summary: “DENVER, Colo. — Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC) has been chosen by the Massachusetts Housing Finance Agency (MassHousing) to provide outsourced mortgage purchase review services. MassHousing is an independent, quasi-public agency that provides financing for affordable housing in Massachusetts. TLC is a U.S.-based domestic mortgage fulfillment outsource operation that offers back office and warehouse line management operations.”
A R T I C L E:
Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC) has been chosen by the Massachusetts Housing Finance Agency (MassHousing) to provide outsourced mortgage purchase review services. MassHousing is an independent, quasi-public agency that provides financing for affordable housing in Massachusetts. TLC is a U.S.-based domestic mortgage fulfillment outsource operation that offers a “parallel and variable cost alternative solution” to lenders’ maintaining back office and warehouse line management operations.
TLC (www.TitanLendersCorp.com) was informed in March 2010 that MassHousing selected its proposal from a group of other service providers considered. Technology and overall back office experience were major factors in the selection. TLC will begin execution of services for Massachusetts Housing Finance Agency in July 2010.
“Over the last several years MassHousing has dramatically increased the number of loans it makes for affordable homeownership,” said Kathy Burns, Director of MassHousing’s Home Ownership Division. “We were looking for a company to help us deal quickly and efficiently with all of the back-office tasks, so that we can continue to operate at peak efficiency, and Titan Lenders Corp demonstrated that they were the best company for the job.”
“We could not be more pleased by MassHousing’s decision, not just because it is an ideal application of Titan’s business model and Cerberyx platform,” said TLC president Mary Kladde, “but also because of the benefits that will accrue to the programs and households that MassHousing serves.”
Founded in 2007 by 18-year industry veteran, Mary Kladde, TLC uses its patented proprietary software Cerberyx (CBX) as the Web-based architecture to support a full suite of fulfillment services, including: funding, compliance, closing, post-closing, purchase review for correspondents and warehouse lenders, trailing documents, MERs management, FHA insuring, and document management (imaging).
CBX’s flexible rules-based architecture allows TLC clients to define field level decision trees, priorities, checklists and process management specific to an investor product variance or a cross-investor climate. TLC is a preferred provider for some of the nation’s largest mortgage and warehouse lenders.
For more information about TLC mortgage purchase review services, contact Mary Kladde at 720.279.7277.
About Titan Lenders Corp:
Titan Lenders Corp is one of a specialized few providers of mortgage back office fulfillment services, a not-well-understood facet of mortgage lending that includes closing, funding, and post closing services. Community banks, credit unions, mortgage bankers and brokers use outsource providers strategically to minimize compliance risks in a time-sensitive error-averse environment. Fluctuations in mortgage lending volume also lead some lenders outsource their entire back office operation and secure predictable “per transaction” pricing rather than maintaining an inflexible static in house staff. For more information visit our Web site at www.TitanLendersCorp.com .
About MassHousing:
MassHousing (the Massachusetts Housing Finance Agency) is an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts. The Agency raises capital by selling bonds and lends the proceeds to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve affordable and/or mixed-income rental housing. MassHousing does not use taxpayer dollars to sustain its operations, although it administers some publicly funded programs on behalf of the Commonwealth. Since its inception, MassHousing has provided more than $10.4 billion for rental housing and homeownership. For more information, visit the MassHousing Web site at www.masshousing.com .
###
Copyright © 2010 by Titan Lenders Corp and Send2Press® Newswire, a service of Neotrope® – all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.
• Web Image (72dpi): https://www.send2press.com/mediaboom/10-0304-titanlendr_72dpi.jpg
• Story Title: Massachusetts Housing Finance Agency Selects Titan Lenders Corp For Mortgage Purchase Review Outsource Services
• REFERENCE KEYWORDS/TERMS: mortgage fulfillment outsource, Denver, Colorado, MassHousing, Banking and Finance, Finance, , DENVER, Colo..
IMPORTANT NOTICE: some content which is considered “old” or “archival” may reference an event which has already occurred; some content possibly considered “advertorial” may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Titan Lenders Corp); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 17 May 2010 07:55:48 GMT].
USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.