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Massachusetts Housing Finance Agency Selects Titan Lenders Corp For Mortgage Purchase Review Outsource Services (May 17, 2010)May 17, 2010 – Denver, CO - Mortgage fulfillment outsource services expert Titan Lenders Corp (TLC) has been chosen by the Massachusetts Housing Finance Agency (MassHousing) to provide outsourced mortgage purchase review services. MassHousing is an independent, quasi-public agency that provides financing for affordable housing in Massachusetts. TLC 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. "We could not be more pleased by MassHousing’s decision, not just because it is an ideal application of Titan’s business model and Cerberyx platform," said TLC president Mary Kladde, "but also because of the benefits that will accrue to the programs and households that MassHousing serves." Founded in 2007 by 18-year industry veteran, Mary Kladde, TLC uses its patented proprietary software Cerberyx (CBX) as the web-based architecture to support a full suite of fulfillment services, including: funding, compliance, closing, post-closing, purchase review for correspondents and warehouse lenders, trailing documents, MERs management, FHA insuring, and document management (imaging). Titan Lenders Corp is one of a specialized few providers of mortgage back office fulfillment services, a not-well-understood facet of mortgage lending that includes closing, funding, and post closing services. Community banks, credit unions, mortgage bankers and brokers use outsource providers strategically to minimize compliance risks in a time-sensitive error-averse environment. Fluctuations in mortgage lending volume also lead some lenders outsource their entire back office operation and secure predictable "per transaction" pricing rather than maintaining an inflexible static in house staff. For more information visit our website at www.TitanLendersCorp.com About MassHousing MassHousing (the Massachusetts Housing Finance Agency) is an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts. The Agency raises capital by selling bonds and lends the proceeds to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve affordable and/or mixed-income rental housing. MassHousing does not use taxpayer dollars to sustain its operations, although it administers some publicly funded programs on behalf of the Commonwealth. Since its inception, MassHousing has provided more than $10.4 billion for rental housing and homeownership. For more information, visit the MassHousing website at www.masshousing.com. Media Contact: Kerri S. Milam
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