Dateline: Denver, Colorado (DENVER, Colo.) | Tue, 20 Jul 2010
freeNewsArticles Story Summary: “DENVER, Colo. — Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC) signed nine mortgage banker clients in the second quarter of 2010. TLC, a U.S.-based domestic mortgage fulfillment outsource operation, offers a parallel and variable cost alternative solution to lenders that maintain back office and warehouse line management operations.”
A R T I C L E:
Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC) signed nine mortgage banker clients in the second quarter of 2010. TLC, a U.S.-based domestic mortgage fulfillment outsource operation, offers a parallel and variable cost alternative solution to lenders that maintain back office and warehouse line management operations.
TLC’s new clients include: Ace Lending, LLC (Wisconsin); America One Mortgage Corp, America Preferred Lending, GM West Funding and Thayer Financial Corporation (California); Choice One Mortgage Corp., Homelynx Home Loans, and Liberty Mortgage Lending Inc. (Florida); and Hi-Tech Mortgage Inc. (Arizona).
“Independent mortgage bankers are inking new services commitments cautiously these days and focusing on granular, loan level quality as their operations benchmark,” said TLC president Mary Kladde. “Mortgage lenders are motivated by compliance pressures and fiscal prudence to outsource detail-intensive back office operations and fulfillment services, including post-closing loan review.”
Titan Lenders Corp patented, proprietary Web-based software Cerberyx (CBX) supports 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).
“By linking the people, processes and data in a mortgage transaction, TLC automation bridges the gap between origination and post closing, to compress the time and cost of processing a mortgage to closing,” Kladde explained.
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 bankers and warehouse lenders.
About Titan Lenders Corp
Titan Lenders Corp (www.TitanLendersCorp.com) 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, and warehouse line lenders use outsource providers strategically to minimize compliance risks in a time-sensitive error-averse environment. Fluctuations in mortgage lending volume also lead some mortgage lenders to outsource their entire back office operation and secure predictable “per transaction” pricing rather than maintaining an inflexible static in house staff.
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• Story Title: Titan Lenders Corp Signs Nine Mortgage Bankers for Back Office and Fulfillment Outsource Services in Q2 2010
• REFERENCE KEYWORDS/TERMS: Mortgage fulfillment outsource, Denver, Colorado, Cerberyx SaaS, Banking and Finance, Finance, , DENVER, Colo..
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