Titan Lenders Creates Correspondent Lending Subsidiary

Titan Lenders Corp., a Denver-based mortgage fulfillment outsource services company, has announced its entry into the correspondent channel with the creation of Titan Capital Solutions (TCS), a wholly owned correspondent lending subsidiary.

‘Although many large players have retreated, the industry's demand for correspondent lending has not been diminished,’ says Titan president Mary Kladde. ‘We are confident that the rise of small- to mid-sized players in the correspondent channel will serve only to further stimulate the mortgage industry, setting the stage for a private secondary market revival.’

Debora Aydelotte, who joined the company in June as president of its newly created risk management services division, was named president of TCS. The company adds that TCS has also signed a selective number of banks and nonbanks for initial participation and will focus primarily on jumbo products.

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