TCS Adds Overnight Pricing Protection To Jumbo Correspondent Lending Program

Posted by Patrick Barnard on April 03, 2014 No Comments
Categories : FYI

Titan Capital Solutions (TCS), a wholly owned correspondent investment subsidiary of mortgage outsource services provider Titan Lenders Corp., has added an overnight pricing protection policy and a ‘scenario help desk’ to its jumbo correspondent program.

To bolster its commitment to customer service, TCS stands behind a two- to three-day turn time for both underwriting and purchase review to improve its sellers' performance.

The overnight price protection policy allows approved sellers to lock in rates from the following business day, weekends included. Through the scenario help desk, TCS-approved sellers have access to the company's underwriting staff to gain insight and assistance on TCS' appetite for certain borrower situations.

TCS offers 30-, 20-, and 15-year fixed terms and 5/1, 7/1, 10/1 and LIBOR adjustable-rate mortgage products up to $2.5 million. In addition, the company has added significant pricing improvements for loans with loan-to-value ratios below 65% or FICO scores above 760.

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