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Titan Lenders Corp. has been founded on the principle that mortgage lenders should
aggressively focus on their front-end profit generator – origination, rather than attempt Our outsource fulfillment and mortgage consulting services include: We won’t sacrifice Quality for Volume - EVER. Contact us to learn more |
Domestic Outsourcing for the Mortgage Industry
Credit Union Lending Services |
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NEW! How to Make the Broker to Banker Transition Attention all Credit Unions! - Start your year off right by attending one of Titan Lenders Corp.'s educational Broker to Banker Webinar! We have launched a webinar series specific to credit unions considering the advantages of transitioning from mortgage lending as a broker to mortgage banker. The webinars take place bi-monthly on Tuesdays. Sign up here for our next session! "There truly has never been a more ideal time for community banks and credit unions to improve their balance sheets and competitive position by becoming mortgage bankers." - Bill Null, Titan Lenders Corp. Director of Business Development Strength of Credit Unions Today, more consumers than ever before are turning to their most trusted financial partner – their credit union to meet all of their financial needs. Consumers are seeking “one-stop shopping” for their deposits, consumer credit and secured credit needs. While record numbers of credit unions are entering the market, many small CUs continue to lag behind in offering their members access to residential mortgage lending. The obvious benefits to offering residential mortgage lending are member retention and additional member services. A large part of the reluctance to entering mortgage lending is tied to concerns about the risks and the capital required to operating a successful mortgage operation. Leveraging a partnership with Titan offers the CU the ability to originate, price, and disclose directly in the branch; while the actual expertise of processing, closing, and selling compliant loans is supported by Titan. Titan will consult and train our CU partners to help them establish a strong mortgage lending platform while limiting risk and enhancing fee income. While the costs associated with hiring and training a full mortgage lending staff and the contingent software often chills enthusiasm, Titan offers a unique variable cost option with little or no setup cost and no minimum loan production requirements. Our CU partners can choose their level of participation: Depository-based lending: Most secondary transactions have a sales cycle of approximately 2-3 weeks. With the current low rate of funds available to banking institutions, our CU partners find that they are not only making origination and SRP income at the time of closing and sale, but also net out a margin income from per diem interest collected on the loan while awaiting sale. Warehouse Line Lending: Some of our CU partners choose to firewall the risk of funding by opting to use a warehouse line to fund residential mortgage loans. Table-Funding: Titan manages established relationships with regional and national lenders that allow CUs to originate loans, but fund through wholesale investor relationships. FHA Products: While the CU will require a HUD approval to participate in FHA loans, there are a number of great reasons to make that transition and Titan can provide guidance in that arena. Emerging Markets - Many credit unions are the sole source of financial services for a number of underserved “emerging” markets, such as African American and Hispanic borrowers. The ability to offer a “safe” and trusted environment for these borrowers will engender unprecedented member loyalty. Fair Credit Reporting Act (FCRA) – Both HECM and emerging market loans originated through FHA are given credit under the FCRA. Titan will perform the processing, the underwriting submission, closing, post-closing and FHA insuring on behalf of the CU.
Learn more about our MAP - Mortgage Access Program - for Credit Unions:
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