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Titan Lenders Corporation and Grid Financial Partner to Lower Mortgage Lenders' Operating Costs

Feb 24, 2011

Titan Lenders Corporation (TLC), a U.S.-based domestic mortgage fulfillment outsource operation, and Grid Financial Services Inc. (Grid Financial), a U.S.-based domestic business process outsource provider for loan processing, underwriting, and default services, have created a full-service best practices loan fulfillment service that will allow mortgage lenders to accelerate market entry, reduce overhead, and establish credibility with mission critical partners. The comprehensive loan fulfillment service offers lenders a parallel and variable cost alternative solution to a fixed overhead operation. It will provide a consolidated automation platform and best practices expertise for mortgage lenders, picking up the loan file as soon as the loan officer completes an application. The TLC-Grid Financial platform will handle disclosures, processing, underwriting, closing, post-closing through final sale to investors. Completely represented and warranted from the closing perspective, the TLC-Grid Financial service is focused on compliance, transparency, salability, and accountability. “Mortgage lenders can grow their business if they are open to innovation and to keeping their costs low,” said Titan Lenders Corporation (TLC) founder and president Mary Kladde. “By joining forces with Grid Financial, we are able to support mortgage lenders’ business models via a professionally disciplined loan process that we manage according to their policies and objectives.” TLC’s 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). 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. “We continue to see a growing demand in the mortgage industry for a comprehensive loan processing outsource solution that can support zero-defect compliance strategies while significantly reducing mortgage lenders’ operating costs,” said Grid Financial President Michael Paul. “The TLC-Grid Financial platform and service offerings are a complete outsource solution that can help adapt a lender’s business to the still evolving mortgage industry landscape.” For more information, visit www.TitanLendersCorp.com ot www.gridfinancialservices.com.
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