Flagstar Picks Titan for Warehouse Lending Compliance Software
Troy, Mich.-based Flagstar Bank named mortgage fulfillment outsource services Denver-based Titan Lenders a preferred provider for its broker-to-banker initiatives at its wholesale lending business, Flagstar Wholesale Lending. “Flagstar continues to demonstrate industry leadership by offering quality brokers the opportunity to become correspondent lenders with the benefit of a warehouse line facility and a professional mortgage fulfillment operation that is familiar with the electronic closings and notes for quick turn time on the lines,” said Titan Lenders founder and CEO Mary Kladde. The Flagstar subsidiary offers correspondent lenders who meet specific underwriting criteria a warehouse facility and purchasing facility to support their adoption of electronic closings and notes. Titan’s Cerberyx is a file flow management and electronic compliance safety check software. “Flagstar’s broker-to-banker programs attract high quality, prolific mortgage businesses that want to serve borrowers as correspondent mortgage bankers, with the many advantages that entails,” said Greg Lutin, executive vice president, national sales manager for Flagstar Bank. “Selecting Titan as a mortgage fulfillment services provider for these programs will help ensure the consistent delivery of quality closed electronic loan files by Flagstar’s new correspondent lenders.” Write to Austin Kilgore.