Magazine article Mortgage Banking

Titan Lenders Corp Signs Eight Lenders in First-Half 2011

Magazine article Mortgage Banking

Titan Lenders Corp Signs Eight Lenders in First-Half 2011

Article excerpt

Titan Lenders Corp (TLC), Denver, added eight new I mortgage lender clients in the first half of 201i; including a national bank, correspondent lenders and broker-to-bankers. TLC, a domestic mortgage fulfillment outsource operation, offers a parallel and variable-cost alternative solution to lenders that need to maintain correspondent back office and warehouse line management operations.

"Overall business growth in the first half of 2011 was stagnant due to myriad changes thrust upon the industry," said Mary Kladde, TLC founder and president. "[Loan officer] compensation, plus other regulatory overlays, stifled the market in the first half of the year. Now that the dust has settled, we are seeing renewed interest in the broker-to-banker model. Additionally, correspondent lending has begun to accelerate and community banks are also vying for a leadership role as well, by absorbing market share through acquisitions of mortgage lending operations."

In short, she explained, there are many mortgage lender business models jockeying to add competition to a big bank-dominated marketplace through innovation and common-sense operations strategies.

TLC's newest clients include MIE Financial Inc. (Illinois); Lincoln Mortgage and Funding Corporation (Illinois); Bayshore Mortgage Funding (Maryland); NDFC Capital Corporation (Texas); Bankers Choice Mortgage Corporation (Florida); Advanced Mortgage Planners (Florida); Dominion Capital Mortgage (Virginia); and Fort Lee Federal Savings Bank (New Jersey). …

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