Mortgage-fulfillment services provider Titan Lenders Corp has been named a preferred provider by Flagstar Bank for its wholesale lending business's broker-to-banker initiatives. Flagstar Wholesale Lending offers those correspondent lenders who meet specific underwriting criteria a warehouse facility and purchasing facility to support their adoption of electronic closings and notes.
Titan Lenders Corp is a U.S.-based domestic mortgage fulfillment outsource operation that offers a ‘parallel and variable cost alternative solution’ to lenders' maintaining back office and warehouse line management operations. The company says it allows lenders to reduce risks and errors by using its file flow management tools and electronic compliance safety checks through Cerberyx, its proprietary process software system.
Greg Lutin, executive vice president and national sales manager for Flagstar Bank, says Titan's selection will "help ensure the consistent delivery of quality closed electronic loan files by Flagstar's new correspondent lenders.’
‘Flagstar continues to demonstrate industry leadership by offering quality brokers the opportunity to become correspondent lenders with the benefit of a warehouse line facility and a professional mortgage fulfillment operation that is familiar with the electronic closings and notes for quick turn time on the lines,’ adds Mary Kladde, Titan's founder and CEO.
SOURCE: Titan Lenders Corp.