DENVER, Colo. /eNewsChannels/ — Mortgage fulfillment outsource services expert Titan Lenders Corp. has added a new division, Titan Risk Management Services, an enterprise focused on a variety of critical services, including assisting banks and non-banks prepare for examinations by the Consumer Financial Protection Bureau (CFPB).
Titan Risk Management Services was created in response to unprecedented regulatory changes, and lenders’ concerns about CFPB scope and exam readiness. The new division’s services were developed in direct alignment with the Bureau’s guidelines and are designed to shepherd both bank and non-bank entities through successful CFPB audits.
The services include:
* CFPB supervision and examination overview;
* Compliance management and governance review; and
* Consumer risk assessment review.
“Since our founding in 2007, Titan Lenders Corp. has excelled during some of the toughest years the mortgage industry has ever seen because our founding principles are quality and compliance. We’ve emerged in this market to serve as an agent of change and adaptation,” said Titan president Mary Kladde. “Lenders are facing unique regulatory and operational quandaries, and Titan has a longstanding history in solving those issues.”
Titan’s recent addition to its executive team, Debora Aydelotte, will lead the Titan Risk Management Services division.
“A fundamental shift has occurred in the industry, particularly with the formation of the CFPB and its broad reach across banks, non-banks and service providers. The ability of firms to absorb impending change, continue to exceed service levels and reduce cost-to-produce has never been more complex,” Aydelotte said. “Risk mitigation has moved front and center and will not be displaced in the foreseeable future.”
“Titan’s deep expertise serving as mortgage lenders’ back-office operation has equipped it with unparalleled field research,” Aydelotte added. “Their knowledge-based approach has been tested in real-world scenarios and will now be applied to helping lenders mitigate both regulatory and operational risk.”
For more information about Titan Risk Management Services, please visit the Titan website at http://titanlenderscorp.com/risk-management-services.htm .
About Titan Lenders Corp.:
Titan Lenders Corp. (www.TitanLendersCorp.com) 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, and warehouse line lenders use outsource providers strategically to minimize compliance risks in a time-sensitive error-averse environment. Fluctuations in mortgage lending volume also lead some mortgage lenders to outsource their entire back office operation and secure predictable “per transaction” pricing rather than maintaining an inflexible static in house staff.
Titan Lenders Corp.’s patented, proprietary web-based software Cerberyx (CBX) supports 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). CBX’s flexible rules-based architecture allows Titan clients to define field level decision trees, priorities, checklists and process management specific to an investor product variance or a cross-investor climate.
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