FOR IMMEDIATE RELEASE: (of interest to editors covering: Banking/Finance, Mortgage Industry, Colorado Business) Titan Lenders Corp Launches Mortgage Warehouse Lending Services Platform for Community Banks, Regional Banks and Credit Unions Demise of warehouse lenders creates opportunity for local banks and credit unions DENVER, Colo., March 10, 2009 (SEND2PRESS NEWSWIRE) -- Community financial institutions can build profitability and accelerate local economic recovery by adding mortgage warehouse line lending to their commercial offerings, according to U.S. mortgage lending services outsource expert Titan Lenders Corp (www.titanlenderscorp.com). Titan has launched a warehouse lending operations service platform to facilitate community bank and credit union entry into warehouse lending - a form of commercial lending specific to mortgage banking businesses. The platform helps regulated institutions sustain a prudent level of due diligence, compliance and profitability when offering bridge financing required by non-depository mortgage bankers. Community and regional financial institutions are positioned to replace the warehouse line lenders that have exited the industry en masse over the last 18 months, as explained in the Titan Lenders Corp blog (http://titanlenderscorp.com/blog/). According to the March 9 edition of the Mortgage Bankers Association newsletter "MBA NewsLink" (www.mbaa.org): "Analysts say since 2005, the number of financial institutions offering warehouse lines of credit to independent mortgage bankers declined from nearly 115 at its peak to now less than 30. Last month, JP Morgan Chase, New York, shuttered its warehouse lending business acquired through its purchase of Washington Mutual. "Warehouse lenders add liquidity for independent mortgage bankers by allowing them to temporarily fund mortgages at the closing table rather than a slow, lengthy process of shipping loans to investors, including Fannie Mae, Freddie Mac, FHA and VA loans." Mortgage bankers are looking to secure or replace a critical funding source at the same time financial institution revenue is being eroded by soured Wall Street investments, fraud, complicated consumer credit and auto loan risk scenarios, and an unstable commercial lending environment. According to Titan, community institutions that offer warehouse lines to mortgage banks benefit by adding a significant profit center and, concurrently, by strengthening their local economy through increased access to real estate finance alternatives. "Regional banks, community banks and credit unions could be great resources for local mortgage bankers that have lost, are in risk of losing, or need to increase the capacity of their warehouse line, at a time when purchase and refinance activity is picking up," said Titan Lenders Corp founder and president Mary Kladde. "Titan's warehouse lending service platform helps community institutions better serve their mortgage bank customers and revitalize their local residential real estate economies." Titan's warehouse lending service platform includes collateral management, line reconciliation, and technology infrastructure, providing local institutions the same operational support as any warehouse line lender. Titan's service platform provides a variable cost solution to micro warehouse lending with specific focus on the needs of local banks and credit unions. 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. Contact Mary Kladde at mary.kladde@titanlenderscorp.com. *(LOGO 72dpi: Send2Press.com/mediaboom/09-0310-TitanLendrs_72dpi.jpg) All trademarks and service marks are the property of the respective parties. Send2Press(R) is the originating wire service for this story, Copr. 2009. NEWS SOURCE: Titan Lenders Corp # # # // RELEASE END // MEDIA ONLY CONTACT(S): [ contact info below not for publication online or in print ] Kerri S. Milam of Depth PR for Titan Lenders Corp +1-404.378.0850 Kerri @ DepthPR.com //Note to editors: * Print resolution images/logos available on request from the above media contact. ......... Plain Text Copy, and Story Permalink: http://www.Send2Press.com/mediadrome/2009-03-0310-002.txt Release PDF: http://www.Send2Press.com/mediadrome/news_2009-03-0310-002.pdf Get our full-text news via RSS: http://www.Send2Press.com/RSS2/rss.xml RSS feeds by news topic: http://feeds.send2press.com/idx_RSS.shtml Add our news to your blog or website automatically: http://feeds.send2press.com/ ......... Text provided by news source (and/or the source's authorized agency), who is solely responsible for accuracy and legality of content transmitted. ......... 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