DENVER, Colo. /eNewsChannels/ — NEWS: Titan Capital Solutions (TCS), a wholly-owned investment subsidiary of mortgage outsource services provider Titan Lenders Corp., today announced it has added 13 approved sellers to its correspondent jumbo program in Q1/2014. The additions represent a 20 percent increase in TCS approved sellers since the end of 2013.
“Jumbo is rebounding nationally, as illustrated by the stratification of Titan’s new approved sellers,” said Ruth Lee, executive vice president of TCS. “As one would expect, California and Texas continue to come on strong, but we’re also seeing emerging pockets of strength in New England and the Midwest.”
“While the conforming market has slowed considerably with the rise of rates over the last few months, jumbo lending remains strong,” said Mary Kladde, CEO of TCS. “With the increased competition in the market for jumbo correspondents, TCS is proud to add its newest approved sellers to our program and looks forward to providing them with the absolute best customer service.”
More than 61 percent of newly approved TCS sellers are located in California and Texas, with an additional 15 percent from Massachusetts. TCS also added sellers from Kansas, Oklahoma, and Utah. Furthermore, 77 percent of newly approved TCS sellers are independent mortgage bankers, while 23 percent are bank holding companies.
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 jumbo 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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