Titan Lenders Corporation (TLC) has announced the signing of six mortgage banker clients in the first quarter of 2010. TLC, a U.S.-based domestic mortgage fulfillment outsource operation, offers a parallel and variable cost alternative solution to lenders' maintaining back office and warehouse line management operations.

TLC's new clients include:Read more

Lenders One Mortgage Cooperative, a national alliance of independent mortgage bankers, announced that it has reached another milestone as total membership climbed to 150 lenders in October. After attracting 42 new members in 2008, the cooperative has continued its steady growth adding 41 new members to date this year, 15 of them having joined during third quarter 2009.Read more

Independent mortgage bankers and subsidiaries made an average profit of $1,358 on each loan they originated in the second quarter of 2009, according to the Mortgage Bankers Association (MBA). This profit marks an increase from the first quarter of 2009 when profits averaged $1,088 per loan, according to the MBA's most recent Quarterly Mortgage Bankers Performance Report. This report measures the performance of independent mortgage bankers and subsidiaries of banks, thrifts and hedge funds.Read more

Mortgage bankers made an average profit of over $1,088 on each loan they originated in the first quarter of 2009, according to the Mortgage Bankers Association (MBA). This profit marks a marked improvement over the 4th quarter 2008 results in which average profits were $148 per loan, according to the MBA's Quarterly Mortgage Bankers Performance Report. This new report measures the performance of independent mortgage bankers and subsidiaries of banks, thrifts and hedge funds.Read more

Rhonda Beck, CMB has joined Southwest Securities FSB's mortgage purchase program as the mid-Atlantic relationship manager in Charlotte, N.C. She will source business in South Carolina, North Carolina, Virginia, Tennessee, West Virginia, Western Pennsylvania, Kentucky and Ohio. Rhonda comes to the bank with 16 years of correspondent lending experience in the region, first as a correspondent sales manager for CitiMortgage Inc. and then as financial institutions director for Indymac Bank.Read more

Lenders One Mortgage Cooperative, a national alliance of mortgage bankers, announced that Affiliated Mortgage Company (AMC) has become the cooperative’s newest preferred investor. AMC, a wholly-owned subsidiary of Benchmark Bank of Dallas and Plano, Texas, focuses on correspondent lending and purchasing agency-quality whole loans servicing released from a group of lenders nationwide.Read more