DENVER, Colo. /eNewsChannels/ — NEWS: Titan Capital Solutions (TCS), a wholly-owned jumbo correspondent investment subsidiary of mortgage outsource services provider Titan Lenders Corp., has announced June 2014 was its largest lock month in both volume and dollar amount since its inception in October 2012.
“Titan is into jumbo in a big way – and our lifeblood comes from our treasured approved sellers,” said Ruth Lee, executive vice president of TCS. “Not only do we focus on attracting cream of the crop correspondent lenders, but we keep our ear to the ground for ways to make the relationship work best for them. In 2014, we’ve doubled down on effective communication and implemented a feedback loop that is helping us do that.”
In addition, TCS added seven approved sellers to its correspondent jumbo program in the second quarter of 2014. The additions represent a 30 percent increase in TCS approved sellers since the end of 2013.
“Our strategy for serving the jumbo marketplace has been validated this year,” said Mary Kladde, CEO of TCS. “We are committed to working with the best lenders offering the best product, and to underwriting with an eye for details. It has been a winning formula, and we anticipate continued growth in the future.”
California continues to hold the greatest market share for TCS approved sellers, with Texas and Massachusetts following closely. In addition to rolling out delegated underwriting to approved sellers during the second quarter, TCS also streamlined its approval process for interested sellers in order to ensure competitive responsiveness in the market.
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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