As a mortgage lender, you cannot find the success you seek when you spend so much time working on your business and little time left to work on your business. If, as a lender, you are managing the progress of your loans over the life of the loan, you cannot focus on marketing your business or developing business growth strategies. Without new clients and expansion, you cannot raise capital to grow, and without the capital to increase staff or internal resources, you will be caught in a cycle of trying to keep your head above water without reaping the benefits of your hard work. .
Loan origination requires several steps. There are processing requirements, compliance issues, post-closing and compliance issues, and pooling and investor considerations. Small lenders often do not have the in-house resources to manage the life of a loan from origin to secondary market, nor the capital or infrastructure to add these services to their existing business models. In addition, with the lending industry facing the challenges of reducing origination and the consequences of subprime mortgages, and many small lenders have to close their doors, it is impractical for small and medium-sized lenders to increase their overhead with staff. additional software platforms or other infrastructure. expansion. This increases the amount of work left for lenders and their small support teams, forcing them in many cases to be experts in all trades and masters in none. Add an ever-increasing number of investor and regulatory compliance considerations to the pile, and you’ve got a situation where speed and efficiency can’t be a reality because there’s too much to manage with a skeletal team.
So what is the best solution for small and medium-sized lenders who need reliable management of their origination, fulfillment, and post-closing flow?
Find an expert provider of mortgage processing and fulfillment solutions. Lenders need a variable cost outsourcing solution alternative that not only streamlines their processes and allows them to change their approach to filling their pipelines, but also allows them to reduce risk, errors and overhead in their mortgage operations, without stop responding to fluctuations. in the loan closing process.
Lenders who outsource their back office operations to a third-party management provider can gain access to a host of services and benefits, including having multiple document systems, fraud, compliance options available to them that would not be practically managed or financially. feasible to keep under a -model home. Industry third-party fulfillment providers engage in partnerships and cross-pollination with leading specialty providers in the mortgage industry, allowing them to customize processes to reflect lenders’ unique business practices. By helping them meet the requirements of their investors and warehousing line providers, these providers can ensure the best possible turnaround times for lenders.
“Titan Lenders Corp. is built on the principle that mortgage lenders should aggressively focus on their initial profit generator – origination, rather than trying to become adept at executing detailed administrative transactions,” says Mary Kladde, CEO. Mortgage Compliance Officer based in Denver. and outsourced closing and post closing services provider Titan Lenders Corp. “Our outsourcing solution reflects decades of experience in mapping and refining mortgage compliance processes, as well as our joint development of smart technology that facilitates different business objectives of lenders. “
A good outsourced mortgage solutions provider will be able to offer fully customizable systems that are designed and optimized to integrate with your current preferred business processes and complement your business model to increase efficiency, productivity, and most importantly, profitability.
Additionally, expert providers will maintain current knowledge on all investor and regulatory compliance issues so that lenders can build their portfolio and bundle their loans with confidence, and entrust their crucial compliance issues to experts who are aware of regulatory changes. and industry.
Savvy lenders know that to succeed against the big names and survive in an industry that grows more competitive and regulated by the day, they need to partner with expert third-party mortgage servicers to increase the security and performance of their loans and optimize their processes. and increase your productivity and growth.