Titan Capital Solutions Purchasing 'Scratch and Dent' Mortgage Loans

| From
Photo: correspondent investment

DENVER, Colo., Jan. 22, 2015 (SEND2PRESS NEWSWIRE) -- Titan Capital Solutions (TCS), a wholly-owned correspondent investment subsidiary of mortgage services provider Titan Lenders Corp., today announced it has begun purchasing lenders' "scratch and dent" production - loans rejected by the GSEs and private investors due to data, document and compliance errors with varying degrees of severity. Adding "scratch and dent" represents a significant product expansion for TCS, which previously purchased only jumbo loans from its approved sellers.

"Historically, 'scratch and dent' referred to loans with egregious errors in underwriting or compliance," said Mary Kladde, CEO of TCS. "Now we're seeing the GSEs issue repurchase demands on performing loans due to minor flaws in origination, such as bad comparable selections."

"These performing problem loans provide a significant window of opportunity for TCS to expand. Based on our operational success across the mortgage acquisitions market, we are confident TCS will provide a compelling and aggressive source of liquidity for these loans," Kladde added.

Eligible performing problem loans include Conventional, Jumbo, non-QM and agency-ineligible loans. Any bank, lender or investor looking to liquidate these loans from their warehouse lines or portfolios should email

About Titan Capital Solutions:
Titan Capital Solutions ( ), a wholly-owned subsidiary of Denver-based Titan Lenders Corp., was created to support a secondary/capital market strategy for the correspondent lending channel. TCS is committed to correspondent mortgage lending best practices and has been staffed with deeply experienced correspondent specialists. In addition, TCS embraces a leadership role in the restoration of a private investment marketplace for the mortgage industry.

News Source:
For more information regarding this press release, please visit:
Like, Share, Save this press release:
  TWEET   SHARE   G+   PIN IT   STUMBLE   LinkedIn   Instapaper   Buffer

Shortlink to this press release:
The content of the above press release was provided by the “news source” (Titan Capital Solutions) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2015 Titan Capital Solutions with newswire version Copr. © 2015 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 24 2016:
[ count retired 8.4.16 ]

Banking and Finance, Business, Real Estate, or: Search

back to top
REFERENCES: correspondent investment, mortgage services, CEO Mary Kladde, Conventional, Jumbo, non-QM and agency-ineligible loans, Titan Lenders Corp., news, press release from Titan Capital Solutions, Jan 22, 2015, Banking and Finance, Business, Finance, Denver, Colorado, Titan Capital Solutions Purchasing 'Scratch and Dent' Mortgage Loans