DENVER, Colo. /eNewsChannels/ — NEWS: Titan Capital Solutions (TCS), a wholly-owned correspondent lending subsidiary of mortgage outsource services provider Titan Lenders Corp., today announced it has achieved significant growth in 2013, signing on 65 clients in its first full year of operations.
“While TCS was founded in late 2012, we didn’t begin accepting applications until the end of the first quarter of 2013 so the growth we’ve seen thus far is encouraging,” said Mary Kladde, CEO of TCS. “The appetite for quality jumbo products continues to increase in private money circles, and we feel that we are strongly positioned for continued growth in 2014.”
Of those 65 approved sellers, they break down as follows:
* 18 banks;
* 36 corporations;
* 9 limited liability corporations (LLCs);
* 1 limited partnership (LP); and
* 1 partnership.
Among the most popular products being sold to TCS are the jumbo 15-year fixed, 5/1 ARM and 7/1 ARM. Currently, TCS is offering purchase/rate-and-term refinances jumbo loans for less than or equal to $1M with a 690 FICO score and 80 percent loan-to-value (LTV) ratio. Most incoming loans spend 24-48 hours in underwriting and TCS’s Whole Loan Purchase Review (WLPR) cycle.
“Overall, TCS’ products feature very stable pricing and ‘common sense’ underwriting protocols,” Kladde added. “Our focus is on ‘Nothing but Jumbo,’ and customer service is our mantra. We want to be our sellers’ first choice for placement of their jumbo product. Why settle for being less than your investor’s top priority?”
About Titan Capital Solutions:
Titan Capital Solutions, a wholly-owned subsidiary of Denver-based Titan Lenders Corp., was created to support a secondary/capital market strategy for the correspondent lending channel. TCS is committed to correspondent mortgage lending best practices and has been staffed with deeply experienced correspondent specialists. In addition, TCS embraces a leadership role in the restoration of a private investment marketplace for the mortgage industry.
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