| Send2Press.com • Today is Monday, February 13, 2012 | A Member of the Neotrope News Network |  |
|
|
NEWS ARCHIVES : U.S. and World News :
Banking and Finance
News
|
Press Release:
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 unionsDENVER, Colo., March 10 (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 (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 (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 .
NEWS SOURCE: Titan Lenders Corp
Send2Press® is the originating wire service for this story. Terms of Use. © Titan Lenders Corp. All trademarks acknowledged.
THE CONTENT OF THE ABOVE PRESS RELEASE WAS PROVIDED BY THE NEWS SOURCE (Titan Lenders Corp), WHO IS SOLELY RESPONSIBLE FOR ITS ACCURACY. FOR QUESTIONS ABOUT THIS STORY CONTACT THE NEWS SOURCE AND NOT THIS WEBSITE.
Journalist Resources:
Download original press release as issued including media contact information for Titan Lenders Corp.
Additional News Releases on Similar Topics:
|
Subscribe to Send2Press®
Daily News Releases by E-Mail
Follow Send2Press on Social Sites: 
Additional News from
Titan Lenders Corp : » Titan Lenders Corp. Engages Mark Ridder as General Counsel » Titan Lenders Corp. Fulfillment Services Now Available to PHH Mortgage Correspondent Lenders » Titan Lenders Corp. Selected as 2011 Mortgage Technology Top Service Provider
|
||||||||||||||||||||||||||
View our news channels by industry topics, by U.S. States, or by selected U.S. Cities:
|
Terms of Use and License
This "article format" version of the issued press release is Copr. © 1983-2012 Neotrope/Send2Press. You may freely link to this article version of the press release or may use the release text as the basis for an original article or news posting. If the content is copied verbatim via a scraping or copy/paste method, the news item must be properly "attributed" to Send2Press® Newswire as the originating wire service for this story (may not be posted on ANY site selling/offering SEO or PR services, newswire services, or adult content!). |
DISCLAIMER: the above press release content is believed accurate but not guaranteed, and is based on business news supplied by the source. The noted source is solely responsible for its accuracy. Financial/Stock news may contain forward looking statements. Neotrope/Send2Press (this website) makes no claims of accuracy or suitability for any purpose. Any opinions expressed by representatives of company(s) mentioned in news and profiles are solely those of the person indicated, and do not reflect any opinion or policy of Neotrope® or Send2Press. Your use of any information contained herein is done solely at your own risk, and you are fully responsible for using any information herein, or on sites mentioned or linked to in the article. All trademarks acknowledged.
REFERENCES: Titan Lenders Corp Launches Mortgage Warehouse Lending Services Platform for Community Banks, Regional Banks and Credit Unions, Mary Kladde, Titan Lenders Corp, warehouse line lenders, commercial lending specific to mortgage banking businesses, ortgage warehouse line lending to their commercial offerings, press release, Mar 10, 2009. |
|
THIS PAGE MEDIA READS (by media and public, as of today): 3846 times (1 today, 4 this week, 16 this month, 68 this year)
Site Design and Content is Copr. © 1983 - 2011 Neotrope® - All rights reserved. Send2Press® is a reg. trademark and service mark of NEOTROPE.
Press Release Writing | About Send2Press | Meet Our Staff | Contact Us | Our Services | Help Desk | Legal | Privacy | How-To Articles | RSS Feeds | Journalist Tools | Client eMediaKits | Headline Feeds | Podcast | PR News Channels | Daily News Desk | Success Stories | PRTRax™ Reader Tracking | Targeted News Distribution | Internet Marketing Services | Order PR Services | Terms of Service (TOS)