Titan Lenders Corp. has launched a warehouse lending operations service platform to facilitate community bank and credit union entry into warehouse lending, a form of commercial lending specific to mortgage banking businesses. The platform helps regulated institutions sustain due diligence, compliance and profitability when offering bridge financing required by non-depository mortgage bankers, Titan says.
According to the company, community institutions that offer warehouse lines to mortgage banks benefit by adding a significant profit center and, concurrently, by strengthening their local economy through increased access to real estate finance alternatives.
‘Regional banks, community banks and credit unions could be great resources for local mortgage bankers that have lost, are in risk of losing, or need to increase the capacity of their warehouse line, at a time when purchase and refinance activity is picking up,’ says Titan's founder and president, Mary Kladde. ‘Titan's warehouse lending service platform helps community institutions better serve their mortgage bank customers and revitalize their local residential real estate economies.’
Titan's warehouse lending service platform includes collateral management, line reconciliation and technology infrastructure, providing local institutions the same operational support as any warehouse line lender. Titan's says its service platform provides a variable cost solution to micro warehouse lending with a specific focus on the needs of local banks and credit unions.
SOURCE: Titan Lenders