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Titan Lenders Corp. has been founded on the principle that mortgage lenders should
aggressively focus on their front-end profit generator – origination, rather than attempt Our outsource fulfillment and mortgage consulting services include: We won’t sacrifice Quality for Volume - EVER. Contact us to learn more |
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Domestic Outsourcing for the Mortgage Industry
MERS QA and Compliance Solutions Suite: MERS® Management Solutions |
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Titan Introduces a New Suite of MERS® Audit and Compliance SolutionsAs an industry leader in the production and review of residential mortgage loans, Titan has a wealth of experience working with MERS®. Titan supports MERSCORP and believes that MERS® will continue to be an integral part of a healthy securitization market. Titan isn't a spectator; we are a MERS Patron Member® that executes the registration, transfers and reconciliation of the MERS® System on behalf of our clients on a daily basis. Titan is offering both our experience and our automated solutions for your MERS® QA management and reconciliation requirements. MERS Quality Assurance Compliance changes will offer significant challenges to Servicing and Sub-servicing Members. While much of the process isn't new, the formalization of accountability and enforcement will require all MERS® Members to retool their MERSCORP QA management. Full Suite of MERS® Services In response to Rule 8, amending both the MERS® processing standards and the quality assurance responsibilities of MERS® members, Titan has developed a full suite of MERS® QA services and technology. These services are designed to help every MERS® Member become "MERS® audit ready all year long" with impeccable data standards and industry best practices related to the assignment of residential real estate mortgages. If you are a servicer or sub‐servicer in need of a cost‐effective, low maintenance solution to your MERS® processing and quality assurance management, Titan Lenders Corp is offering:
Providing Professional MERS® Expertise, Services and Automation Titan can provide annual maintenance plans or a la carte services for Executive Sponsors & Consent Order members seeking to "right-size" their internal MERS® QA staffing and technology without compromising compliance standards. Our services and technology will focus on perfecting the requirements of your Annual Report.
Rock, Paper, Scissors with your MERS® QA Compliance? Titan Lenders Corp offers a monthly maintenance plan designed to facilitate a cost‐effective, consistent, worry‐free solution to MERS® QA compliance. The monthly maintenance plan includes:
The new QA standards require each Member to perform a monthly "3‐way" reconciliation of their documents, data and the MERS® system (utilizing the Interim Recon Report and/or Portfolio Analysis Report). Without appropriate technology, this would be a time-consuming and error prone process. With Titan's Cerberyx platform, the data reconciliation can happen monthly with all discrepancy changes can be tracked, validated and transmitted through our MERS® System interface. Titan's proprietary technology, Cerberyx, has adopted all current MERS® data changes through the final estimated release for 2/27/12. MERS® QA Plan Review The recently released update to the MERS® Quality Assurance Procedures requires an annual Quality Assurance Plan Review. Titan will manage updates to our annual Maintenance Plan customer's QA Plan and alert them of significant changes and provide both training and consulting on the implementation of said changes. Titan can also offer "one-time" review, plan updates, and training services on implementation and best practices. MERS® Annual Report Formerly known as the "MERS® independent attestation," Executive Sponsors will be required to certify that their internal team or an Independent Review Organization (IRO), such as Titan, has monitored their MERS® QA Performance against their QA Plan. Cerberyx will manage the documentation and tracking of all aspects of compliance to ensure your Annual Reporting is simple, consistent and compliant. Professional Services When you need an answer on how to handle a QA related issue, Titan's MERS® QA Team is prepared to offer you timely and cost‐effective professional consultative services. Titan excels in best practices, process flow enhancements, technology and operational compliance. Ruth Lee, Executive Vice President
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