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Titan Lenders Corp Adds Vincent Barbour as Director of Capital Strategy and Business Development
Tue, 29 Sep 2009, 20:17:28 EST Edited by Debra Tone    
Creating a win win warehouse lending solution for independent mortgage lenders, community banks and investment capital.DENVER, Colo., Sept. 29 (SEND2PRESS NEWSWIRE) -- Titan Lenders Corp (TLC) has added Vincent Barbour as director of capital strategy consulting for independent mortgage lenders, community banks and investment capital. In this capacity, Barbour will work with mortgage lenders and warehouse providers to secure additional funding capacity by identifying funding sources, preparing credit and collateral packages, evaluating back office operations and securing new credit facility offers. Additionally he will advise banks and capital investors how to structure, manage, and quickly deploy highly profitable warehouse lines with the implementation of the TLC warehouse line operations and fulfillment platform. Barbour, a 13-plus-year real estate finance veteran, most recently worked with Wells Fargo Bank to develop new private equity relationships, negotiate contract agreements with hedge funds and mortgage servicers. His expertise includes exit strategy structures for whole loan portfolios, REO investment perspectives and building national retail origination platforms. In addition, Barbour has held national operations and management positions with high volume lenders. TLC is a mortgage industry outsourcing expert with a variable cost alternative for mortgage lenders, community banks, brokers and investors seeking to reduce risk, errors and overhead in their mortgage operations, while remaining responsive to fluctuations in their loan closing pipeline. Titan's processes, including warehouse line management, are built upon a proven back office service model, extensive industry experience, and customized solutions. "As traditional sources of warehouse lending offer less certainty and availability, diversified capital strategies have become a linchpin for mortgage lending success, both for community-based depository institutions and independent mortgage bankers," said Titan Lenders Corp president Mary Kladde. "Vincent Barbour understands how to structure win win solutions between lenders, banks, and capital investors and most of all he's not afraid to go out there and do it." "It appears that liquidity is seeping back into the mortgage marketplace. I am currently working with several emerging warehouse lenders and take calls daily from parties seeking more information," said Titan Lenders Corp director of capital strategy Vincent Barbour. "However, the last 12 months have taught us that 'putting all our eggs in one basket,' can have disastrous effects both on our business and our borrower." "A proactive, out-of-the-box capital strategy is required to compete in this environment," Barbour added, "Independent mortgage lenders must be prepared for unexpected liquidity shortfalls due either to spikes in volume or warehouse line incapacitation. On the other hand, banks and investment capital can not deny the current low risk environment and high yielding returns of warehouse lending." About Titan Lenders Corp: Titan Lenders Corp (www.titanlenderscorp.com) 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. Titan Lenders Corp facilitates warehouse line lending for only the most risk adverse loans, reduces takeout risk and loss, and guards against fraud with a matrix of industry standard defenses and best practices. More Information: Contact Vincent Barbour at VBarbour@titanlenderscorp.com.
NEWS SOURCE: Titan Lenders Corp
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