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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
Housing Finance Agencies (HFA) and Whole Loan Purchase Review (WLPR) |
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Titan Lenders Corp (TLC) leads the mortgage industry in defining best practices for investor Whole Loan Purchase Review (WLPR). With a keen eye on ultimate salability, TLC’s holistic WLPR protocols address investors’ dual objectives: to purchase quality loan product and to manage productive relationships with their correspondents. Titan WLPR enables the HFA business model to add or transform from a seller/servicer whole loan shop to a mortgage backed security shop, adding higher levels of control to revenue procurement. Titan WLPR has the power to improve the revenue-generating capability of an HFA’s secondary operations. This lowers the cost of financing to borrowers and creates an environment to support affordable housing goals for their communities. In the current market, many of our HFAs are challenged by the contraction in vital investment funds, and are exploring new ways of leveraging their superior loan performance to attract alternative funding models. Partnering with Titan for WLPR provides consistent, transparent loan quality analysis for risk mitigation that supports the courting of investor confidence in the HFA products. WLPR for Housing Finance Agencies For HFAs, Titan WLPR:
Standard HFA revenue procedures, for instance, include retaining ideal loans for portfolio performance or for servicing revenue. Titan WLPR can facilitate surgically precise selections from the HFAs’ growing pool of premium loans. Ultimately, Titan WLPR allows for the sale of mortgage-backed securities (MBS) to private investors when loan volume is escalated to an acceptable secondary market volume. Risk Mitigation for Changing Market Conditions Thus, the option to securitize HFA loans directly with Wall Street becomes a viable, risk-controlled option and can potentially widen margins of return. The HFA can operate as a "mini-GSE", dictating restrictions and loan qualifications to lenders as desired and obtain optimal pricing for loan pools. With TLC as a business partner, HFAs stay abreast of changing market conditions without having to conform to a "one size fits all" standard of risk mitigation. Engaging TLC’s WLPR services (Titan WLPR) allows the HFAs to be more successful in the conventional market, delivering direct to government-sponsored entities FNMA, FHLMC, and GNMA. Titan WLPR also offers purchasing investors the confidence to explore new funding sources through private securitization in a transparent, well-regulated, compliance-centric environment – a market poised for innovation in a post-GSE era. Restoring Investor Confidence Titan WLPR executes our clients’ strategy to ensure that discrepancies and deficiencies, as they relate to documentation, compliance, insuring and the sale and/or boarding for servicing of a loan, have been identified and corrected as necessary prior to actual funding/purchase.
The Titan WLPR advantage stems from TLC’s deep understanding of salability issues, derived from long-term experience with a broad swath of investors, warehouse lenders, and geographic footprints. Titan WLPR offers the critical benefits of asset protection, salability-compliance correction, and a more efficient loan purchase process. WLPR will generate an accredited pool of higher quality loans that will perform in a more profitable manner; and this can open the doors to provide support for a new, aggressive securitization business model. Innovative Solutions Practically Applied In 2010, MassHousing selected Titan Lenders Corp to provide outsourced Whole Loan Purchase Review services. Titan created a seamless, transparent loan review workflow that met both regulatory and investor criteria, while accommodating unique HFA lending criteria in a paperless, web-based environment accessible to all participating parties. Due to the technology innovation provided to MassHousing, Titan Lenders Corp was named one of three finalists for the coveted 2010 Synergy Award. The award issued by Source Media’s Mortgage Technology magazine "recognizes technology initiatives and alliances that show exemplary interoperability in a production setting to advance the cause of automation and e-commerce."
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