Titan’s Mary Kladde and Ruth Lee have written an op-ed concerning the potential implications of QM rules, which is featured in today’s MBA NewsLink and MBA Servicing NewsLink. Here is an excerpt:
“QM, if not defined appropriately, has the potential to crush the burgeoning recovery taking place in the housing market. Fears are that regulations could be so restrictive as to exclude many qualified borrowers, constrain necessary investor liquidity, impact the cost of capital and market capacity, and disproportionately exclude minority borrowers, who historically used high LTV mortgage loans at up to twice the rate of non-minority borrowers, from the dream of homeownership. Those fears are the direct result of both industry research on QM impact and the seemingly punitive motives of legislators, regulators and consumer advocates as telegraphed in congressional testimony and in the media. Beware the double-edged sword of unintended consequences!“
[Read the full article here]
Titan Lenders Corp. is featured in the March Edition of Housing Wire. Joel Veenstra’s hire is featured among the “People Movers” this month.
Joel Veenstra, a 24-year financial services sales executive, recently joined Titan as National Sales Manager of Titan Capital Solutions, our company’s correspondent investing arm. Joel came to TCS to lead its burgeoning sales team and to drive Titan’s growth into agency product and a bulk purchasing program in 2013.
For more information on Titan Capital Solutions’ correspondent investing programs and services, visit www.TitanCapitalSolutions.com.
Titan Vice President Ruth Lee is a featured by-lined author in the February 20th issue of Mortgage Orb!
“Technology is evolving so rapidly that it is transforming the way mortgage bankers and investors perceive data. While “big data” is truly the purview of giants like Facebook, Google or Twitter, the tools and strategies developed to define, parse, interpret, standardize and, last but not least, monetize data, will evolve mortgage banking.”
Read the full article here: “Big Data, Little Data, and the Future of Your Data“
Check out this great plug for Titan in the January 21, 2013 edition of “The Garrett, McAuley Report”:
If you don’t know much about corporate governance, this may seem like a minor issue, but it’s not. It’s a really big thing when Directors want reports and tools that can help them do a better job of understanding the company and helping to manage its risk.
Everyone’s trying to hire underwriters, processors, funders and shippers, and no one can find any. One solution is to contact Titan Lenders Corp., which can do all back-office functions for you.
They can do your underwriting, insuring, you name it. We did Due Diligence on them for a very large bank that’s thinking of using them, and we gave them two thumbs up. They’re at www.titanlenderscorp.com and the person to talk to there is Ruth Lee.
Congratulations to Titan Capital Solutions, Titan’s new correspondent investing arm serving select bank and non-bank partners, featured on Rob Chrisman’s Mortgage Daily News:
On the other hand, the jumbo market is alive and well. As a recent example, Titan Capital Solutions (Denver) introduced its jumbo program and became a jumbo conduit. Titan Capital Solutions is a correspondent jumbo investor serving select bank and non-bank partners. Titan entered the market as a mid-sized shop, with scope and aspirations far larger. “Having already achieved a national presence, Titan’s objective is to support the vitality and expansion of a reformed, perhaps totally reframed, secondary market.” (To lead its sales efforts, Titan Capital Solutions recently selected sales veteran Joel Veenstra as its national sales manager). For more information on the program, visit Titan’s website or contact Joel Veenstra at email@example.com.
Learn more about Titan Capital Solutions’ Correspondent Lending and Investing Services here!
Titan has been named the 2012 Fix It Award Winner by Mortgage Technology:
“The Fix-It Award recognizes technology that provides an effective solution to a specific industry problem, need or channel.”
Watch this video as Mary Kladde explains Titan’s award winning MINTRAK solution!
So this is the official line: You are a woman, and you run a business. Corporations, local, state and federal government purchasing agencies have programs carved out allotting a small percentage of business to women-owned companies. This is to encourage larger companies to diversify their vendors. Section 342 of Dodd Frank establishes guidelines to incent procurement from women and minority-owned businesses. The CFPB is telegraphing audit initiatives to support those goals.
Let’s be honest. The advantage is small and procedural, and no company will hire a substandard vendor, even if they are an 8a minority woman veteran in a HUB zone, so let’s not get carried away. In this industry, there aren’t a whole lot of us. But the requirements are real – and so are the quality, capabilities and expertise of those of us out here trying to break into some pretty tough markets.
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Titan prides itself not only on the standards to which it holds itself, but also with the company it keeps. When we make a recommendation regarding another firm, it’s because we believe in the calibre of that firm’s work and recognize the similarities between that firm’s values and our own.
That being said, I am pleased to announce that Titan has added a new investor to our every-growing list of industry professionals. Indianapolis-based Stonegate Mortgage specializes in wholesale and correspondent lending and has been recognized by the Inc. 5000 as a company to watch in 2012. With an Inc. 5000 financial services industry rank of 27, and an 807% growth over the last three years, you can be guaranteed that you are in good hands with Stonegate.
Visit their website at https://tpo.stonegatemtg.com/Default.aspx.
Interested in starting a wholesale or correspondent relationship with Stonegate?
Business Development Manager
Stonegate Mortgage Company – Wholesale & Correspondent Lending
Titan’s Debora Aydelotte will be a featured panelist at the 9th Annual Women in Leadership event to be held Thursday, October 4th, 2:00-6:00pm. Deb will be joined by female leaders from Lewis & Fowler, CSC, Charles Schwab, and Microsoft.
The keynote speaker will be Claudine Schneider, Former US House of Representative Congress Woman & Emmy recipient.
818 17th Street
Denver, CO 80202
This event is RSVP only. Use this link to RSVP!
Titan’s Debora Aydelotte was featured today in MortgageOrb with a by-lined article entitled “The Convergence Of Industry And Economic Events – A Risk Perspective“.
“It has become standard practice, both inside the Beltway and in business, to shift decision-making to more convenient times, angling for a more strategically supportive environment. The people who opt for this strategy are more comfortable making no decision, so they simply build and retain their position. It’s a safe posture, ringing of plausible deniability, but is it leadership?”
Read the full article here!
SAVE THE DATE
Are you looking for CFPB Exam guidance? At a time when it seems that everybody, qualified or not, is talking CFPB, Titan Lenders Corp.’s Debora Aydelotte, President, Titan Capital Solutions and Director, Bryan DeShasier are preparing to talk “real world” about the specter of CFPB exams.
Join them on Wednesday, September 19 at 1:00 pm MT.
Combining decades of mortgage industry experience and their unparalleled understanding of the impact CFPB oversight will have on lenders, Aydelotte and DeShasier will deliver guidance on how mortgage bankers can become “CFPB Exam-Ready.”
Registration will open after Labor Day! We’ll continue to blog, tweet and update our LinkedIn sites. Also, look for our post-Labor Day news release. If you’d like to pre-register, contact: Bryan DeShasier at firstname.lastname@example.org.
Titan’s “new kid on the block” Deb Aydelotte has been busy making her presence known. Just recently, Deb was featured in the June 29 issue of Inside Mortgage Trends regarding our new Titan Risk Management Services division.
According to the article, “It is clear from the response Titan has been getting that the mortgage banking industry is struggling with the CFPB rules and guidelines, says Aydelotte. ‘There is a lot of ambiguity and confusion in many of the rules and guidance that CFPB has put out, and that is a concern not only for lenders but for service providers like us as well,’ she said.”
Ms. Aydelotte will be sharing additional pearls of wisdom in upcoming issues of Mortgage Technology and Secondary Marketing Executive. Or, if the above paragraph sounds like you, why not give her a shout at email@example.com and get her expert advice now?
by: Deb Aydelotte
The industry has now marked the 1 year anniversary of CFPB bank examinations, and we are well into several months of non-bank exams. Here are some of our observations and commentary.
Coordination with Prudential Regulators
An MOU (memorandum of understanding) was published in May regarding supervisory coordination. However, the industry is just beginning to see what this means from a practical standpoint. For one small independent mortgage banker involved in a targeted CFPB exam in May, the coordination with the state prudential regulator was attempted but failed to provide the blended approach and results the MOU describes.
The more recent experience of a large bank wasn’t much different in that the two regulatory teams definitely did not cooperate and showed a good amount of animosity toward each other. As reported to us, the groups requested separate office space and unfortunately made the atmosphere for the bank managers very uncomfortable.
Hopefully, these are anomalies, and more time under their belts will help smooth out the coordination process.
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by: Deb Aydelotte
We are missing the point. While the constant barrage of media, talking heads and pundits (by the way, when did “journalism” become reporters interviewing each other?) creates a continuous stream of noise telling us the economy is weaker than weak, we’ve forgotten the data doesn’t create the outcome. Or does it?
There have seen several examples over the past 24 months of media-induced, or media-assisted, consumer angst. Last summer’s debt ceiling debacle probably tops the list. Media outlets excitedly detailed the possible impacts of a government shut-down, to the point of some banks reporting increased sizable cash withdrawals by customers.
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Check out recent comments from Deb Aydelotte, President of Titan Capital Solutions, in one of the most widely read blog/newsletters in the mortgage industry. The article regards the role of QC and compliance in today’s mortgage companies:
“After talking with individuals later it was clear that the fatigue of the past 6 years had compromised their ability to maintain a productive environment. It was battle fatigue, entrenched. We’ve all seen dysfunctional shops, and this one was truly impaired. It was difficult for them to see because the environment had changed over the 6 year period of buybacks, overlays, credit squeeze, additional regulations, etc. What’s that analogy about turning up the heat slowly on a frog in a pot of water? They had forgotten how it should work. Behavior, group dynamics, defined roles, balanced approach, really basic stuff. It made me think about how much our industry has gone through. Most of us muscle through it and go onto the next challenge, not taking a moment to see it all in context. Those who pause and recalibrate will be successful.” So observed Debora Aydelotte, president of Titan Capital Solutions (firstname.lastname@example.org).
Read the full article here.