Mortgage fulfillment outsource services expert Titan Lenders Corporation has been named a preferred provider by Flagstar Bank for its wholesale lending business's broker-to-banker initiatives. Flagstar Wholesale Lending offers those correspondent lenders who meet specific underwriting criteria a warehouse facility, and purchasing facility to support their adoption of electronic closings and notes.
Titan Lenders 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. Titan provides flexible hours of operation to support its clients coast-to-coast. Titan allows lenders to reduce risks and errors by utilizing its file flow management tools and electronic compliance safety checks through Cerberyx, its proprietary process software system.
"Titan Lenders Corp. is honored to provide its services and expertise for Flagstar's progressive broker-to banker initiatives," said Titan Lenders Corp. Founder and Chief Executive Mary Kladde. "Flagstar continues to demonstrate industry leadership by offering quality brokers the opportunity to become correspondent lenders with the benefit of a warehouse line facility and a professional mortgage fulfillment operation that is familiar with the electronic closings and notes for quick turn time on the lines."
"Our staff's knowledge of FNMA/FHLMC/GNMA requirements, understanding of Flagstar programs and our relationship with Flagstar Warehouse Bank ensures a thorough and efficient monitoring and salability of our clients' loan closing pipeline," said Titan Lenders Corp. Vice President for Mortgage Banker Business Development Janet Manning.
"Flagstar's broker-to-banker programs attract high quality, prolific mortgage businesses that want to serve borrowers as correspondent mortgage bankers, with the many advantages that entails," said Greg Lutin, executive vice president, national sales manager for Flagstar Bank. "Selecting Titan as a mortgage fulfillment services provider for these programs will help ensure the consistent delivery of quality closed electronic loan files by Flagstar's new correspondent lenders."
According to Kladde, Flagstar's commitment to transitioning its correspondent lenders to electronic notes is facilitated by the Titan back office operations platform all of which serves to reduce standard warehouse line turn times by more than half of what is being typically seen in the market today.
For more information, visit www.TitanLendersCorp.com or www.flagstar.com.